Rusty, I was still hoping some news would flow to reignite the engine but it appears I am being hopeful. If you look at the chart for the past 6 months, a definite downward turn is in play reaching new low support levels.
AON was relatively defensive during the GFC and maintained its price at around 20c. Since then, there has been other rallies in the market with AON tanking.
Apollo needs to reassess its direction and bring in some news restoring faith to share holders. I dont think that will happen for a good few month. Hence, they will need to raise money off the back of an announcement or some good news.
AON Price at posting:
6.5¢ Sentiment: None Disclosure: Held
