The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Share code translations (apparently) taken from a quick Google search.
1 - RNS logged/imminent
100 - MM need shares
200 - Need shares but do not take sp down to get them
300 - Need shares and take sp down tot get them
400 - Trade sideways based on supply and demand
500 - Gap one way or another usually to direction of 500 trade
28/88 - Big buyer around in background
All of which IMO is for the invisible hand as LR confirmed that both 024 and 025 won't be going towards an upgraded JORC. I don't see any other reason for the extra drills other than someone wants a bit more proof of whats there before entering talks/ making an offer. I would imagine they were told where to drop 024 and 025. IMO
@ shed, LR also mentioned there are other opportunities within Toral which they might start bringing out (announcing). They also have enough information now so I think they already have a very good idea of the WA 2nd locked cycle work and results and also the Hydro and Geotech works.