RE: RNS - Which accounting firm?22 Apr 2026 12:39
@takecare – The deal has been revised to make the $200m significantly more liquid. The market never priced this into the valuation because the original structure was illiquid and five years out.
This is a real masterstroke by VLRM. They now have a much more liquid $200m position that can actually be leveraged, quarter on quarter. Don't like it sell out and leave :).
On top of that, we have:
Asset confirmation through due diligence with one of the Big Four
Institutional buy‑in for VGold‑Core (remember, retail can’t access buy these tokens)
A regulated VGold token, which is regulated.
Where we were previously expecting $3.9m in cash, that has now been superseded by a new legal agreement that delivers verified gold worth ~$14m per quarter.
Mine tokenisation is accelerating across the sector and is becoming a hot area for institutional capital.
I am staying put and see upside. :)