BUY GLENCORE vs SELLING SXXP

I think Glencore is a buy anywhere below 130 vs the SXXP.

GLEN: u/p the SXXP by 35% in 2 months…Think that has to unwind.

They have also been proactive although still leaves quite a big capital shortfall.

Qatar own 9% already which is always a positive and could see them increasing the stake.

They are not going bust. Which a lot seemed to be pushing last week.