DRYBLOWER

Dryblower on the perils of investing in Glencore

IF you get a call from a stockbroker offering shares in the $US60 billion ($A59 billion) float of Glencore, the world’s biggest commodity trader, <i>Dryblower</i>’s advice is to hang up immediately.

Dryblower

Time will test how sound that advice is, but there are a number of reasons why Glencore is floating now and even more reasons why it is a business totally unsuited for public ownership. None of this...

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