Asics, page-16

DYOR
If you look at last 4 trading days (i.e. 28-29 Mar & 3-4 Apr 2018) prior to takeover being announced, the AGO SP dropped from open of 2.4cps on 28 Mar to close 1.9cps on 4 Apr which represents a 20% drop over 4 trading days with total volume traded at approximately 200m AGO shares (small relative to issued shares) and value of approximately $4.3m or $1.2m/day.

But, the IOP had stabilised at 440 yuan (after a drop from 545 yuan peak a month prior) and has now increased to 470 yuan. The approximately 20% SP drop was an overreaction and so should be at least 2.5cps if trading without a TO, and does not include first revenues coming in from Li (PLS announcement 27 April "Mining well underway for both the Stage 1 and DSO operations. First DSO mine gate sales expected in Q2.").

Date O H L C volume

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	04/04/2018	0.021	0.021	0.019	0.019	40,331,773
1	03/04/2018	0.021	0.021	0.020	0.020	41,422,815
2	29/03/2018	0.022	0.022	0.020	0.020	62,303,907
3	28/03/2018	0.024	0.024	0.021	0.022	58,888,760