Hi, what comes next is from the chairman`s address to...

Hi,
what comes next is from the chairman`s address to shareholders of Rex Minerals a few days ago.

"The copper price rose during our placement to a high of US$3.32/lb on 8 June 2018 and now sits at
US$2.78. This represents a fall of around 15% in just over four weeks.
Some of the downward price pressure since the start of June is widely reported as the result of fears
that a ‘trade war’ between China and the US could harm global economic growth. This is most certainly
a factor. However, with respect to copper, some additional momentum to selling came courtesy of the
liquidation of a large copper position held by a Beijing-based brokerage group."

Maybe that explains a bit.

nice weekend,
Michael