consolidation pattern, page-15

Looks to me like there is a seller offloading stock at current prices which is holding back the sp. Good to see there is equal interest from buyers at these prices.

Once they have finished we should see the sp make some good gains.

It would be nice to know how much they have left to sell.

I'm guessing and may be wrong but the way the sell side keeps getting replenished every time it's taken out certainly looks like a seller.

Churning to keep the price down is another possibility. This has been going on with MPO for a while as well. Maybe some bigger players are starting to take a keener interest in CBM plays and trying to pick up as much cheap stock as they can in several companies.

I'm certainly not selling any of my CBM shares - ESG or MPO - prospects for both look excellent.