Glencore managed an hysterical 17% bounce last night as the sell side rallied support and the company declared it was all good, from the AFR:
“Our business remains operationally and financially robust … we have positive cash flow, good liquidity and absolutely no solvency issues,” according to the statement from the company.
“Glencore has no debt covenants and continues to retain strong lines of credit and secure access to funding.”
