Fundamentally, RVR is in the best shape it has been since the first week of July, and is in better shape now than it was at the start of October when the SP was 22c.
The gap between AUD and USD zinc price has widened significantly, which not everybody may realise.
Aside from the obvious current global fears, I think a disappointing result is expected for the September quarter, which is what is really holding the share price down. On the positive, you would hope that is well and truly priced in at this point.
July, August and September have been the 3 worst months for commodities this year, but they do look to have bottomed out and are recovering in October.
It's also possible one or more instos could be selling down/out as part of a wider portfolio rebalance.
The share price is frustrating, but the company itself is doing fine.
