Am I missing something?

Hi guys,

Would like to check if I've missed something in between.

In Feb 2018, BAL announced it's half yearly report and the figures shown strong growth, both revenue and earnings. This resulted in the share price climbing all the way up to $22.

Looking at the share price being half of what it was before at $9.8, was there a major event that happened in between March 2018(high of $22) till now? I can't seem to find the reason behind this fall.

Yes, Camperdown is a mess and CFDA approval is still pending but that's always been the case, even at $22. Are this price action reflecting that the likelihood of CFDA approval not going ahead?

Hope someone with the knowledge and history with BAL could help out.

Cheers