Proactive Investors - Run By Investors For Investors

SP Angel's Meyer says Glencore's refinancing deal is "very strong vote of confidence"

John Meyer, analyst at SP Angel tells Proactive Investors Glencore's refinancing deal is "a very strong vote of confidence" in the company's ability to bounce back and shows that Glencore is very well supported by the financial commodity.
It also supports SP Angel's view that there is significant bank liquidity out there for the mining sector, he says.
Meyer says sovereign wealth funds have been busy selling off stocks in the mining sector while oil prices fell and that many stocks now look undervalued in the sector, especially in the UK.

Meet Advanced Oncotherapy, VolitionRx, Scancell Holdings Plc, Faron Pharmaceuticals Oy and Highlands Natural Resources Plc at our event, London, 26 January 2017. Register here »

Register here to be notified of future Glencore International articles
View full GLEN profile

Glencore International Timeline

November 03 2016

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.