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Anglo at 823 is still carrying too much debt relative to its cash generation, and the commodity cycle isn't…by @braai_boet on $AGL

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Boetie B.@braai_boet·Bearish

Anglo at 823 is still carrying too much debt relative to its cash generation, and the commodity cycle isn't getting any kinder. Long-term, the diversification away from coal is overdue, but execution risk on capex and the threat of another price crash mean I'm not jumping in unti

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