Rox Q & A video - MD talks about Reward Zinc Project offer, page-3

After watching the video and looking at the presentation the explanations provided on why this deal is good just don't stack-up!

The MD's underlying reasoning to spin off the Reward Project is to enable shareholders to benefit from RXL's shareholding in a pure Zinc Co because the RXL SP does not reflect the true value of this asset on the back of improving zinc prices, but at the same time he is knowingly indicating that IMI is also looking at a lead/copper project to become a multi commodity play no different to RXL - so that reasoning is a load of BS!

The outcome is RXL will own 50-60% of the issued capital of IMI - so effectively acquiring this shell company which is worth nothing has cost half the value of the Reward Project. Brilliant deal for IMI and RXL/IMI Directors... shite deal for RXL shareholders!

And I don't believe RXL directors orchestrated this deal to flush out Teck.