Grandlodge sold out of the chunk they bought a couple or months earlier for a cool $3mio profit.
I don't see it as selling out too early, rather just taking profit on a trading position they took - they still have a hard core holding of around 3.8mio shares, or 4.4%.
One factor you appear to have not included in their improved gearing level is the decision to not pay an interim dividend - this reduced debt by around $8mio.
Nonetheless, a remarkable re-assessment by the market as to a more realistic value for MCP.
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Last
30.0¢ |
Change
-0.010(3.23%) |
Mkt cap ! $43.18M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.5¢ | $9.582K | 31.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 135354 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 15907 | 3 |
View Market Depth
| Last trade - 13.30pm 07/08/2025 (20 minute delay) ? |
| MCP (ASX) Chart |