chart updates, page-18

jpv

You're welcome mate!

Further on volume, the 43m sell day was worthy of note - Friday, May29. Since then approx 95m shares have changed hands [13% of shares in 11 trading days].

Since December 2008 and by mid May Concord Capital reduced its stake in AOE from 9.17% to 5.96% [that's 3.23% of 726m shares on issue = ~23.5m]. They may still be selling or it could be one of the other instos: Deutsche, Arkdale or Mathews Capital.

Since Thursday, June 4 volume has increased but AOE's price has fallen. IMO the SP is battling uphill until that selling pressure reduces or a significant announcement such as that from Shell is again forthcoming.

4YIO - NFA - PDYOR