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CHEMOIL EXPECTS STRONG FIRST QUARTER 2011 PROFITS

http://info.sgx.com/webcoranncatth.nsf/V...000358D8C/$file/CEL1Q11guidancePress.pdf?openelement

Chemoil has guided a 1Q NPAT of at least US$20 million due to stronger volume and margins. Has Glencore managed to turn this company around ?

(Not Vested)

I noticed that Glencore had boosted its stake to 89.04%.

http://info.sgx.com/webcorannc.nsf/Annou...endocument

Not Vested

Didn't read through the company deeply but one thing has caught my attention.

Their current borrowing doubled for the last quarter!

*not vested*

Why is glencore not required to make GO?