this investor is a long termer and they have bought 160 million shares so 18.5c is a reasonable discount. we will soon be a producer at very high prices. I dont know for sure but the idea of having the zinc price unhedged vs a finance package that would have them selling zinc at say 80c/lb on long term hedging vs $1.20 unhedged could be worthwhile.
In the end the deal is done and it was percieved to be the best for RVR.
lets see if it runs on this news.
cheers
RVR Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
