Tax Liability for VA - Give him a break!

I have been a long term holder of AVL since the days of YRR, and although the share price has dropped for AVL over the past number of months I am in no way swayed with what has happened here and the number of posters going on about how VA sold some shares to pay his tax bill and that he is offloading from a sinking ship... what garbage!

For reference in the Annual report from last year page 17 it states that " On 13 February 2018, Mr Algar , converted the remaining 5,000,000 performance rights into ordinary shares, following the satisfaction of operating milestones"

From my limited knowledge on tax I know that this transaction would have triggered a CGT event, which he is liable to pay tax for, on the basis you can't receive shares tax free, or convert rights to ordinary shares on a tax free basis.

I have gathered VA is a prudent business man and to extinguish this liability you are limited by choice in terms of what you can do in paying the tax bill. If you borrow money to pay a tax bill this is not tax deductible so this would not be a good financial option. In my opinion he did what any tax advisor or any qualified financial consultant would advise to do- sell some of his shares to pay the tax bill.

Having some of his shares he still holds a substantial number moving forward- enough for us long term shareholders to be comfortable that he is ultimately making the best decisions on behalf of shareholders.

For those people interested in day trading or chart trading they have different agendas to people who have invested their hard earned dollars to make a return over a longer period.

I fall in the latter group and I have always known that an investment in YRR now AVL will be at least a 5-10 year proposition, and that is my view and I am happy with that along with many other investors on this forum.

Having said this I am respectful of investors who fit in the former category and that is entirely their choice.

However I feel very disappointed when people post messages to suit their hidden agendas.

For the longer term holders think of the reasons why you initially invested in YRR and AVL and consider the work that VA and his team have done so far and the world class Vanadium resource we currently hold.