There is no such thing as "accumulation at the bottom". At this stage I see no reason to do that. There are too many unknowns. This is a company that it should have thrived. The market forces have shown their thoughts on ASM and the failure of the management team. It's as simple as that. ASM had its chance in a million years to make it all happen but IG was too greedy and didn't want to dilute his holdings. They could have raised $1.6B anywhere above $8 and have Dubbo up and running by next year. They missed that chance and it will never come back. And now they will slowly dilute from here on at these very low prices just to stay alive. I'm really pissed off about that. We need a miracle now to even get above $2. The only positive I see is that the 200MA is starting to get very close to the price action. The price needs to get above $1.36 and quick or else a new leg down will form. Some positive news is needed or $1.00 will be next.
ASM Price at posting:
$1.26 Sentiment: None Disclosure: Not Held
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