Yes.
On 9 August 2021 Core announced the deal whereby Ganfeng invested A$34m into Core for 100.6m shares (at 33.8c per share). This announcement included an offtake and buying shares in Core at a 10% premium to Core's 10-day VWAP.
I'm not sure when they sold the first lot of 10m shares but within the 2022 AR dated 31 August 2022 they held 90.6m shares (5.21%).
On 29 September 2022 they provided an announcement that they were no longer a substantial shareholder following a partial selldown. A day later the ASX release noted selling 30.8m shares for $37.467m (or $1.216/share). They then sold the rest at some stage (no ASX announcements required). If that was in the next few months Ganfeng likely received something over $1/share. By the 2023 AR Ganfeng were not listed in the T20 (which went down to a 5m shareholding as #20).
Different times and a completely different attitude from most posters around what the likely success of the Finniss operation would be. From this exercise, Ganfeng made money and they also learnt the lesson that there was big money to be made supporting Core when confidence was doubtful and then selling out after having made a good profit. I wonder whether we will get a rinse and repeat example of this?
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