Glencore shares recover amid 'ripe for takeover' reports

The value of Glencore shares recovered today amid reports that the company would listen to offers for a takeover of the entire company.

However, further reports said these big moves showed the situation was still far from stable.

The Money Show’s Bruce Whitfield interviewed Paul Renken, a senior geologist and mining analyst at VSA Capital Limited.

Scroll down for quotes from the audio below.

We haven’t seen this kind of volatility in mining shares before.

Paul Renken, Senior Geologist and Mining Analyst at VSA Capital Limited

We’re going to see more volatility until we know more about Glencore’s debt levels and commodity prices.

Paul Renken, Senior Geologist and Mining Analyst at VSA Capital Limited

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