Ann: RXM Equity Raising Investor Presentation, page-137

here is another explanation which makes perfect sense,

_{A trader who put a huge bet on copper has been selling down -- and it could shed light on what's happening in global markets}

https://www.*.com.au/copper-price-plunge-china-whale-shfe-futures-2018-7

and according to the latest from Citi analysts
“Prepare for a decade of Dr. Copper on steroids,”

https://www.bloomberg.com/news/arti...er-on-steroids-as-trump-slump-belies-shortage


As far as the RXM equity raising to small investors goes I can't see many investors jumping at the chance to get in at 11c when you can get them on the market for 10.5c
I can only wonder if there is someone already lined up to take any of the shortfall.