Regal Partners has now sold a total of around 33.6 million DRO shares over two big trades I think, first on 9 July at $2.48 and again on 14 July at $3.09. That’s about $90.5 million in cash raised.

If you go back and look at when Regal was buying, the cost base looks to be somewhere between $1.00 and $1.13. So the profit they’ve realised from these two sales is in the range of $52–57 million.

Even after those sales, Regal still holds about 62.5 million shares. At today’s close of $3.43, that holding is now worth around $214 million. Based on their earlier buy prices, they’re still sitting on an unrealised gain of about $143–151 million.

So in total, Regal’s made a s5it load here more than $200 million combined between what’s been cashed out and what they still hold.
If my figures are wrong can someone correct me.