| Good morning, Glencore says smelters and refineries across Australia are on the brink of collapse and it will be forced to commit to a decision on the future of its Mount Isa copper smelter and Townsville refinery possibly within weeks. Meanwhile, the corporate regulator is closing in on taking action against Macquarie and Equity Trustees for their role in the collapsed Shield and First Guardian managed investment schemes, with investigations to wind up as soon as next month. And the $1.5bn property group GemLife makes its ASX debut today after the biggest IPO of the year. Bankers will keenly watch the stock's performance as a gauge of investor support for new listings, writes Eric Johnston. | 