entropy my thoughts on AOE is that it has been overvalued and trading with a takeover premiumn attached to it, with no news of a shell bid or any other,Investors are putting their money elsewhere hence the downward trend since august. Longterm fundamentally I like AOE and the csg sector with my pick a junior WCL who are alligned with qgc/bg in the bowen basin which is why I follow aoe from time to time as the csg juniors seem to track aoe in price movement.Short term technically the csg sector is underperforming the market and would like to see a trend reversal before I put anymore money in.
AOE Price at posting:
$3.95 Sentiment: LT Buy Disclosure: Not Held