1,000,000 x .003 = 3000
Even at $30,000 they stiil have a huge windfall.
TAX warning.
If the ATO considers you a trader , come June 30th your windfall will be taxed as income, even if you haven't sold them.
I would recommend that the " happy little chappie" seek advice immediately from their accountant/financial advisor.
They could suggest many different legal strategies that could reduce you tax obligations.
GLTA
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Last
26.0¢ |
Change
-0.020(7.14%) |
Mkt cap ! $52.44M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 26.0¢ | $131.9K | 482.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 95016 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| VTX (ASX) Chart |