Ann: Ceasing to be a substantial holder from MIN, page-21

Uncle Chris might have taken a small loss on the sale, but they don't really "lose" anything. Some $69M raised, recycle that capital and in 2-3 months they make it all back. They could be gaining UG contracting at mates rates. Them PD rocks will surely go through their processing facility as well.
MINres first tested the market at $2.90. They were then happy with $2.50 but had to settle for $2 at the end. Whoever orchestrated the DVP sale at $2 must have deep pockets to keep the selling pressure on for 4 f'king months. IF the new 10% sub holder is also the strategic investor buying the minority stakes in WL and SS, they will want the DVP SP to at least 1-bag from $2. This might be achieved through paying a slight premium for the minority stakes to crystallize the NPV. Huge opportunity for serious value creation if the crew can pull 2 rabbits of out the hat.