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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.

 
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November 03 2016

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