Ann: Elan South Exploration Commences, page-13

"The 42mil share crossing today is evidence of the desire for coking coal"

Is it ... ? There's a buyer AND a seller, right? Genuinely curious as to why you see this transaction as a positive.

If I had to make a call one way or the other, I'd see the level the trade took place - 30c - note that it is below the current market, and infer that there is a big seller of shares - not great news - and they've been facilitated just below market. The fact that it's only a couple of cents below market is great though.

Although if you want to know what I actually think happened, I'd think it's much more likely that this is just a transaction between related entities, from which we can infer nothing.

In any case, there will probably be an announcement shortly, which will put and end to any speculation