vale deal and getting needed $12m part finance, page-14

Hi bcsiles
The market has given RXM a collective thumbs up since there funding deal came through in June (please see its graph). Conversely, market has been underwhelmed by AVB's so-called funding deal (which is dependent on it finding the first $12m of equity). Copper has rallied since June, as has the market's interest in some of the beaten down copper plays, but of most interest to the market is how/when/what format AVB gets its $12m. That's all.
Regards

Coop