i dont think it was being capped... sometimes people just want to sell, and $.20 is the issue price (ie breakeven) / round number to cash out at. it's tempting to say that everytime something doesn't perform as expected it is due to more sinister forces, but i dont think today's trading really shows that..
i actually think it's reasonably impressive that so much was bought close to the issue price considering how jittery the market is at the moment
the thing to remember is that ochre doesn't get any shares/options until the share price trades above 37.5c for a month... all this hard work (sourcing a project, finding a shell, raising the money, new directors etc) for nothing???? i dont think so..
the project itself is too valuable to keep the price down here, plus there is enormous upside. unfortunately we'll just have to be a bit more patient. we'll start drilling soon and in the meantime we should get some more light on who the new director/s are
RRI Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
