Top 20 Security Holders Announcement Pattern
Hey guys I through I will do analyze of the possible events that usually occur after the Top 20 Security Holders Announcement are released to market. The date extend from 21/03/2018 – 07/05/2010:
- 06/07/2010 Top 20 Shareholders (when ASN first came to market)
- 27/01/2017 Top 20 Shareholders (Follow by Quarterly report of 30/01/2017
- 12/09/2017 Top 20 security holders (Follow by Ceasing to be a substantial holder on 13/09/2017)
- 29/11/2017 Top 20 security holders (Follow by Anson Stakes Additional Claims at its Paradox Brine Project on the 30/11/2017)
- 24/01/2018 Top 20 security holders (Follow by Quarterly Report 25/01/2018
- 21/03/2018 Top 20 Security holders (Today announcement).
Information that we know:
- From a poster on the ASN thread we can see that Bruce has indicated that the big players have remain: https://hotcopper.com.au/posts/31926943/single
- Commence Brine Sampling Program at Cane Creek on the 12/03/2018 with working rig to be onsite 14/03/2018. Furthermore, program expected to finish by end of March.
- Since the start of the sampling program at Cane Creek we have not got any update announcements and a possible update is in the picture
- If ASN was notify of a departure of a top 20, it wont be logic for ASN to release the Top 20 Security Holders Announcement today
All in all this is IMO and DYOR.
- Today Top 20 Security Holders Announcement was a strategic play to restore confident by showing that the main player of the game are still here and supporting ASN.
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