chart analysis, page-17

Reading the substantial shareholder release it does not seem that Maoming went in and out and the notice related to trade that happen in August not in September so I don't think that explains at all the pick up of volume.

There must be some other significant buyers in the market.

I hope it is not a corporate building up its position before launching an offer since I am still a strong believer in the value of EGL assets in Europe and would not want to somebody to "steal" the company at 50 or 60c!!

This counter was trading at 70c+ when they announce the CB deal and acquire Gazonor. Since then the company has been restructured, the new team has got good credentials, the company has increased its acrage so I am hoping we will see the shareprice going back up to the dollar if we hear any positive news on the CB or JV deal.

We might see some consolidation at some point (35c-40c-45c maybe??)in the near future but I am still very positive on the outlook for this company.