RE: LTH9 Mar 2018 01:20
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"Less than 0.25% of the share capital in dilution hardly represents much downward price pressure..."
Last autumn during the 52-week peak, the smallest hint of those warrants was enough to trigger profit taking. Nobody expected that they suddenly need cash. Eversince its mostly about warrants that you read in the RNS.
While many 11p newbie-buyers were lead to assume that 12.50p was only the beginning, and that by Christmas 2017 this would go to 30p and 40p (if the license was granted).
It was granted. But the Sp collapsed and went to as low as 7.70p, and later through four months of sideaways, which proves that Nov 2017 was a key bearish turning point for Asiamet, for whatever odd reason.
But lets just agree at this bit: ARS has performed very very poorly during four months! Something very odd for a well researched opportunity share with JP Morgan on board.
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"I agree that the beutong licence was priced in at the peak 12p but nobody could have know that at the time,even insiders..."
To begin with: After a twofold in summer to 6ish and 7ish, the Sp started to become overheated. The rise continued and created a threefold, reaching 11 and 12p. If you and me can notice that this might have peaked after a threefold, you as the company owner will know it too.
The final push came because insiders were 90% sure that the license will be granted by the Indonesian Gov.
...at a time when the majority of PI's believed that the license would be the one and only game changer and carry this to 30 and 40p.
Wrong!
After that threefold at 12ish, many insiders were sure that the Sp would NOT rise further for a very long time, which is why none of them increased their holding substantially.
(They might do now and bring fresh capital in here from their gains on the main market :))
(Is this why ARS has been kept that low...?)