Polymet Mining Corp (PLM)

[Galingale]

My understanding is that it was always a possibility that Glencore could force a sale of the final 10% of shares, under Stock Exchange rules. However, I think that after the recent Rights Issue, their total holding is at 82%, so that does not apply. Equally, any formal offer has to be backed by a financial valuation of reserves/assets, something which has not been put forward. One hopes that Cherry, who has been earning millions over the year with Polymet, and any remaining Polymet people, will challenge this opportunism from Glencore.