On Monday Glencore will announce that it’s selling its Araguaia nickel property to Horizonte Minerals PLC (HZM.to) (HZM.L), owners of their own nickel project just next door. The price will be around $8m. You heard it here first.
Anyone who owns Trevali (TV.to) will know how keen Glencore suddenly is to get its hands on all the cash it can. Then again, anyone who owns Trevali is too dumb to have listened to all the warnings. Because karma.
Update: Source A now tells me the announcement might come on Tuesday rather than Monday. All the rest is solid. TY again, A.