Member Info for badshah13

All - thanks for sharing some info, I will look at the videos on youtube.
There are some familiar posters here from PHE and EQT chats.

Anyone care to share some light on the information I am looking for?
Any recent investors presentation, etc?
Thanks

Hi All,
I am new to VLS as I came across this on EQT BB today. I am interested in invested on clean energy stocks and therefore probably VLS as well. Can anyone point me towards a good reader to carry out my research?

I have read the link posted by Jarv55 about the news today and reading that a quick look at the sp makes me wonder where is VLS getting the money from to execute the process? I know they have BA and shell backing it but that would still involve huge dilution at the current level. It also seems like sp spikes on news and returns to same level which is obviously not very encouraging.

Also do VLS have income currently? as it seems the project in UK wont be running until 2025 and that is long time to survive on dilution money. I might be obviously missing something and I would appreciate is someone can guide me to good source of information on this. BA and Sheel as partners is really encouraging but I am worried about long term dilution to make this work.

I had a another unplanned topup at 8.95p.
I am expecting this to rise to 11 p next week in expectation of next update.
9.50p is proving good resistance and I thought 9p would be lower resistance which got broken today.

Well GH is Australian and based in Aus doesn't mean he is taxable in Australia only. GGP is registered in UK and GH could have UK income for dual tax purposes.

I am not an expert in the taxation nor the laws of UK /Aus but I wont be surprised if that is the case. I am a taxpayer of more than one country as I speak, and it depends on the country where you have income. Maybe some experts here need to know the facts before they comment on other's post.

Anyway it doesn't matter where and how much tax he pays, the botton line is that GH has sold more shares than just to cover the cost of exercising and of course he in is own right can do whatever he wants with his holding, even as a director. He still owns millions of pounds worth of shares in GGP.

So in reality, he made about £186k + 12k (CGT tax free) from selling 4.5m shares out if which he paid £122k as buying price.
This leave him with about £76k in the bank (all based on UK tax rates).
In that case, this is just pocket money for GH. Maybe he would use this £76k to buy part of the remaining options.

Correct £304k less tax.
Having read messages in the chat, options are only taxed once they are sold. So GH will only be taxed on the profit he made on selling 4.5m shares I.e. 9.25p - 0.7p = 8.55p.

So he will be taxed on about £384,750 (ofcourse CGT allowance to be minus). If this is UK and assuming he has full CGT allowance, then he pays 50% tax on £372,750.

Another possible reason for selling these warrants could be the expiry period - probably someone might know if these had any use by date.
Ofcourse local tax purpose or maybe just for some cash to buy a cheap property to say.
If it was for increasing his vote share, he could have exercised them all at once, I mean remaining warrants too.

I think some people are confused here thinking that GH paid more to exercise warrant at this price.

NO, the price of the 17.5m warrants was fixed at 0.7p costing around £122k irrespective of what is the current share price.

GH sold 4.5m of these converted warrants at 9.25p for cash of £416k out of which he paid £122k as the exercise price.
Therefore GH made £304k in cash and has 13m shares in his account from this transaction.

By doing this, he has sold some of the GGP shares at the current price. Now to me, that is not a confidence booster as why should he do that, unless GGP required some cash I.e. £122k or GH required cash I.e. £304k.

Seems price tanked to 0.15 suddenly on google and IG.
Waiting to see if there was any massive dump

Thank cmin. I have only been here for few months, so dont have historical knowledge.

Old bee- what other clean energy stocks are you invested in, if you dont mind sharing. I am here and PHE.

You are not alone here cminhinnett. I follow this board but dont bother posting as frequently.
Who is the big seller people talk about and how much holding they had?

Or maybe a retweet from GH later today

Nice and steady rise today. This is what we all LTHs want.
Not a rollercoaster with wild swings

https://ukinvestormagazine.co.uk/greatland-gold-shares-build-base-as-market-awaits-further-havieron-results/

Both are price monitoring RNS. I can see on LSE

Stebol - I was not trying to mislead but missed the fact that he moved on to Red Chris project when he compared to Cadia at 7.11 min into audio. He was talking about HAV and then moved on to Red Chris which I missed.
Anyway as I said I am happy with 15m oz based on 10x Tefler which is what I said is a bad here. I am not predicting 40p or £1 like many other posters here..
Happy to be corrected.

Paddy thank you share the presentation and the audio streaming.
It was great presentation. 1 thing I am sure after hearing this is there is at least 15m oz gold in HAV as Sandeep said it is atleast 10x larger than Tefler amd probably even better than Cadia based on results so far.
Therefore at minimum it is bag from here just based on HAV. But honestly expecting 20p+ by year end as GGP will progress other projects too by then.
Happy to wait until year end when they find out the exact resources.
GLA.

No quotes for large buys.. :(