Since I very much doubt that Peake, Lands, Kerwin (the Underwriters) are part of RIO (please if I am wrong correct me) I would reckon the current market slide is simply a psychological reaction by the market to the fact that someone is about to pick up a stack of OXR scrip @ 25c (in fact less than that when you take into account the underwriters fee.)
Inevitably the underwriter will do what underwriters do - which is to seek to place the stock they have acquired into the market and if they cannot do this with existing clients and/or other institutions they will then seek to dispose of the scrip on-market.
Inevitably this always seems to result in the market falling back to or near the price that the stock was acquired by the underwriter unless some other major event occurs in the meantime particularly if there is a large volume of stock involved.
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oxr - theory on price drop, page-12
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