Key Figures from Public DisclosuresSale Proceeds (June...

Key Figures from Public Disclosures

• Sale Proceeds (June 2025):
  
  • Approximately 97 million shares, sold at an average price of A$0.04, generating A$3.4 million.
• 
  
• Purchase Cost – Known Transactions:
  
  • 20 Feb 2025 (placement): 4.17 million shares at A$0.03 = A$125,000.
  • 20 Mar 2025 (off-market): 35 million shares at A$0.032 = A$1.12 million – these remain escrowed and were not sold in June.
  • 28 Mar 2025 (on-market): 6.51 million shares at ~A$0.043 = A$281,825
  • 28 Apr 2025 (on-market): 7.87 million shares at A$0.07 = A$549,770
• 
  Total cost for these tranches sold:
  4.17M + 6.51M + 7.87M shares = 18.55 million shared
  Total spend ≈ A$956,595

Since 97 million shares were sold, that means ~78.45 million shares sold came from earlier holdings, whose cost basis isn’t fully disclosed, but likely acquired when the stock traded between A$0.012–0.018 in late 2024.

Estimating Profit

1.

Trades with Known Costs (Feb–Apr 2025):

• Sale at A$0.04, buys at higher prices (0.043 and 0.07):
  
  • 6.51M bought @0.043 → sold @0.04:
    Loss ≈ (0.043–0.04) × 6.51M = –A$19,530
  • 7.87M bought @0.07 → sold @0.04:
    Loss ≈ (0.07–0.04) × 7.87M = –A$236,100
  • 4.17M bought @0.03 → sold @0.04:
    Gain ≈ (0.04–0.03) × 4.17M = A$41,700
• 
  
• Aggregate result:
  Loss on known trades ≈ –A$214,000

2.

Earlier Holdings (~78.45M shares):

• Sold for roughly A$3.14 million (78.45M × 0.04)
• Likely bought in late 2024 at an average price of ~A$0.015 ➝ cost ≈ A$1.18 million
  Selling for $3.14M yields a profit of ~A$1.96 million

3.

Total Realized Profit Estimate

:

	Component	Proceeds	Cost Basis	Profit/(Loss)
1	Known trades (Feb–Apr)	N/A*	A$956,595	–A$214,000
2	Earlier holdings (~78.45M)	A$3.14 M	A$1.18 M	A$1.96 M
3	Net Realized Profit			≈ A$1.75 M

*Proceeds for those known trades were part of the larger A$3.4M sale.

✅ Summary

• Estimated realized profit from the June sale is approximately A$1.75 million, after accounting for both low-cost early purchases and higher-cost buys in 2025 that resulted in losses.
• The core gains came from shares bought at ~1.5¢ in late 2024 and sold at 4.0¢.
• However, later purchases in early 2025 were sold at a loss, reducing total gains.
• Exact profit cannot be pinpointed without knowing precise cost basis for all early holdings—but using public data leads to a close estimate of A$1.7–1.8 million profit.