Polymet Mining Corp (PLM)

[Galingale]

Before this Board becomes totally moribund (like the pps), I would pass on some usually reliable inside information about where Glencore is going with the Company. My sources inform me that Glencore is not 'sitting' on Polymet, waiting for the price of copper to rise. It wants to move the Company forward into production, but is constrained by its own operating procedures. Perhaps to be expected, bearing in mind its questionable history, for all intent and purpose Glencore is run by lawyers. Every financial transaction and operational decision is scrutinised by committees of lawyers and subject to their approval. This means that the wheels turn exceedingly slowly and is why it is taking so long to get the financial arrangements in place for construction and beyond. Equally, until they are agreed, a new business plan is on hold, hence the intolerable delays. Not great news, but better than it might have been.