Member Info for crawshaw

BashM

Posted in: VLRM.PL

Posts: 957

RE: Lunchtime news 30 Mar 2026 11:01

San - I be surprised if they paid in VGold, as RNS was clear on USD or USDC. We know little about VGold and what will underpin its value,

"Honestly, the idiots on this board just crack me up"

Says the guy who can't count to five 🤦🏻‍♂️

"DB you saw this as an opportunity at 10x the current SP"

And the rest, DB was 'topping up' at 70p

"The principal term of this Definitive Agreement is to replace the existing $200 million QMTN2601001 medium term notes ("QMTN") with VGOLD-CORE tokens (underpinned by mining assets) with a valuation of approximately $279.5 million. The VGOLD-CORE tokens are to be released quarterly at $13.975m per quarter over the next five years, and be converted by reference to the LBMA gold price on each release date."

Is the $279.5 million a defined number of VGOLD-CORE tokens (valued at today's gold price), or are the number of VGOLD-CORE tokens adjusted accordingly each quarter to maintain the $13.975m coupon payment?

If it's an agreed, fixed, number of VGOLD-CORE tokens, and gold reverts back to $2000/oz levels which is highly likely over a 5 year period, those $13.975m coupon payments suddenly become $6m.

Surely a multi-billion dollar company in the making wouldn't omit such crucial information from an RNS?

"The principal term of this Definitive Agreement is to replace the existing $200 million QMTN2601001 medium term notes ("QMTN") with VGOLD-CORE tokens (underpinned by mining assets) with a valuation of approximately $279.5 million. The VGOLD-CORE tokens are to be released quarterly at $13.975m per quarter over the next five years, and be converted by reference to the LBMA gold price on each release date."

Is the $279.5 million a defined number of VGOLD-CORE tokens (valued at today's gold price), or are the number VGOLD-CORE tokens adjusted accordingly each quarter to maintain the $13.975m coupon payment?

"first sight of blue they come out the woodwork lol"

That's not true at all, is it Bash. You on the other hand...

More digs, insults and name-calling.

Why are you so rattled Gav?

Morning Gav, just catching up on your latest wobbles.

"Hope you're okay Gav" is a statement, not a question.

Enjoy your two month UK tour, sounds exotic.

"Craw, why are you asking if I’m ok?"

I didn't Gav.

Morning Gav!

What's your prediction for FY25 EBIDTA?

Should cover the tea and coffee expenses for a while.

"You are one of the reasons Gary is fed up with the moaning!"

Gary could put an end to the moaning by delivering some tangible results and meaningful revenue for his long-suffering shareholders/haters?

Only 10 weeks until the next $3.9m tranche is due...

"hence my about figure of £1.6 million"

So just a guess then PP1?

Deflection?

I asked you the question first PP1.

Verifiable source for £1.6m?

You tell me why you're adamant FY 26 admin expenses will be £1.6m when we still have 8+ months of the year remaining PP1?

You know nothing PP1.

PP1, you've posted a link to FY '24 results you absolute moron.

Cimbom - "They had £13.7k cash in June 2025 based on the accounts with £283k monthly admin expenses"

Cimbom's post is categorically accurate - https://www.lse.co.uk/rns/VLRM.PL/interim-results-pctaciqrfqduwtr.html

"Have you actually studied the accounts??"

Yes, hence I know Cimbom's figure is 100% correct, and not a guess.

Is your £1.6m a guess PP1? Surely not, you must have a verifiable source?

Maybe I'm sceptical PP1, after all, you're providing full year '26 admin costs less than four months into the year.

Source, please?