massive share issue to fund $800 million ?

Time to Think carefully as all may Not be what it may appear.
Could be The concern of a possible share issue and at what
price to fund the Mine Capital etc plus , see below.
What it means is that the share price should fall as it has got ahead of itself.
It would be best, apart from the takeover risk, as to get the money from an equity partner dilutes current shareholders.
Unfortunately the chart looks as if the Share Price is blown as it is down substantially from over $3, Refer to the charting 'Hutch/{Sanenkinsenroku rule by Gonzaburo Usida,in 1755 or thereabouts.
Could be that the trap is being sprung for a smart cashed up Predator to launch a bid after the' Lemmings' have woken up and left the ship.
Best to do Share Rights issue say approx, of 5 new shares at $1 per share with current shareholders allowed to particioate so they do not get Diluted.I personally like to buy below the rights issue price if possible.
Punters are very wary particularly as the Aussi banker is making noises that he may Tighten again as the Government keeps spending money they do not have. As Gillard jacks up the spending the Banker works the other way in Taking money from people by increasing interest Rates.What a mess this governmant is.When will they ever learn that reducing income tax rates etc actually increases the Governments Tax Take.It is obviously too hard for Gillard to get her head around this as is the Case with Bligh, who unfortunately runs queensland, some say into the ground,everyone will remembershe is the relative of Capt'n Bligh of the Bounty

Back to RXM, the movement of the share price yesterday is correct because as is obvious, except to maybe 'Do not knos' the market is always correct as it has to be as it is the market.
Fish