This is more likely coincidence than fact, but it is interesting:
Perhaps our hold below .75 has some logic -
Based on the November news release, now that four months have passed and if the price holds over .75 for 10 days, warrants will need to be exersised. This would be great for the company, bringing in more money. However, some of the deep pocket investors who hold these warrants may wish to delay their excersise by keeping the price under .75.
From last November
Oro Gold Resources Ltd. announces that it intends to complete a non-brokered private placement of up to 4 million units at a price of $0.25 per share for proceeds of up to $1,000,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.40 per share for the first year and $0.50 for the second year from the date of closing, subject to acceleration in the event the Company’s share price is greater than $0.75 for ten or more consecutive trading days at any time after the date that is four months after the date of issuance of the warrants. The units issued will be subject to a four-month hold period from the closing date.
