Ann: Offer to acquire Reward Zinc JV Interest,RXL-IMI.AX, page-58

You would have to think that its the IMI Zinc spin-off is having an effect, nearly every listed company who has exposure to near-term Zn production or mature exploration has zoomed off with the price of Zinc (with the exception of companies whom have self inflicted handbrakes on their share price, i.e. MCT with a deep orebody and Li shenanigans, and IBG with a Greenland government that's taking forever to grant a mining lease) - it seems Mr Market has had a look at the proposed RXL transaction at the moment and given its verdict....

The funny thing is that it was originally claimed that RXL shares weren't reflecting the value that was inherent in Teena and the other Reward JV orebodies - so they entered a complex transaction at exactly the wrong time, which has now killed the momentum of any potential share price rise, exactly at a point in time then the share price would have been expected to be rising (or not falling anyway).

Right idea - wrong timing.