Mila Resources Share Discussion Threads

[scrwal] 17/6/2025 14:10:40

The rns states "The Companies Act 2006 prohibits the Company from issuing shares at a price below their nominal value."

So they are doing a technical adjustment reducing the nominal share value from 1p to 0.1p by sub-dividing the existing shares. They are also adding conditions relating to the ordinary shares which make the new deferred shares valueless so all that has happened is that the ordinary shares will have a nominal value of 0.1p and the deferred shares that are issued will have no value and in all likelihood will be cancelled at some point, ideally just days after the sub-division.
The share price and current holdings are not affected.

[chris cat] 17/6/2025 07:56:56

This is so frustrating, history repeating itself again to prolong jobs for guys that have provided no shareholder value. I know we need to pay to drill….but the pattern of finding “exciting discoveries” just before a raise….only for it to amount to jack….then do it again was so obvious. Guaranteed jobs for at least another year. Happy to proven wrong on any major discovery but they would have to break several years of no success to do it. Must admit I don’t quite follow the change in share designations. Will read more carefully later

[darmz] 06/6/2025 15:46:49

So the price was at 0.55p last week and insiders and friends got the heads up and started buying up and as soon as rns released they all dumpedShould be investigated

[chris cat] 05/6/2025 10:54:36

Jambam....that is always the concern with any AIM share, As we have said before here, the comment about the grades on previous drills, then nothing always make you a bit nervous. In hindsight, the script seems pretty obvious....look we have found loads of gold/copper but we need more money to prove up the asset.....sorry lads, we didn't find anymore....rinse and repeat. Hope I am wrong but it happens all too often and the BOD continue to get paid why SH's get destroyed.

All the above is in the context of appreciating that drilling isn't free...it's the lack of sustained success thats the problem.

[jambam] 05/6/2025 10:13:37

Placing coming

[chris cat] 05/6/2025 10:09:51

Seems to be a classic buy the rumour, sell the fact going on here

[1choip] 05/6/2025 08:00:40

Found glory holes!

[finctastic] 04/6/2025 17:43:41

Saw it, heard it, expected it before. Nothing to see here. Optimism is the surest way to disapointment. Momentum today was sure to catch the interest of the quick buck gamblers. However short lived their commitment,, bail while you can.

[the skipper] 04/6/2025 17:29:56

I wouldn’t be surprised if they do produce some decent assays dodge, but they’d be daft not to do a raise whilst the share price is up here imo. Hopefully they’ll get it away at a decent price though given the potential here.

[dodge_city] 04/6/2025 17:04:58

ALot of buying today, punters expecting good news from the assays.

[the skipper] 04/6/2025 17:02:29

I sold the rump of my holding here when it spiked up this morning. Added some more TYM after some decent money went in there today. It’s so oversold and has so much potential it could mirror MILA’s performance imho, with news due on several of its licenses.

[the skipper] 04/6/2025 16:33:20

FWIW I sold the balance of my MILA holding when it spiked up this morning and then went fishing up in the hills. It looks heavily overbought now and there is likely to be downward pressure from the vendors of the Queensland assets whose warrants are now in the money.

My profits went into ARCM, ORR, and TYM, all of which have had some decent buying today. Will revisit MILA when it’s back in the buy zone.

[papillon] 04/6/2025 12:32:00

So I'm a nut! You are correct The C(o)unt of Monte Cristo. I'm a nut for mathematics! 🤣

I correctly posted on the GPM bb that the GOLD price chart had turned Strongly Bullish at the start of 2023. I posted on the GPM bb, around 15 months ago, when a 13 year Bullish Cup & Handle pattern finally formed on my GOLD log chart giving a potential short term GOLD price of $4000+. When that C & H formed I bought more GPM shares @ the 2024 low of circa 22p.
My log charts give a potential short target GPM share price of £1+, possibly by the end of 2025.
I also posted, around a year ago on the GPM bb, that a 44 year Bullish Cup & Handle pattern had finally formed on the Macrotrends 100 year inflation linked GOLD log chart giving a potential target price of in excess of $15000, possibly $20000+. Probably by the end of this decade!
I'm also keeping tabs on the Macrotrends 100 year inflation linked SILVER log chart for when a 45 year bullish Cup & Handle finally forms. When it does it will give a SILVER target price of around $200.
That's the power of mathematics. Not bad for a nut! 🤣

PS that MILA chart I posted over a week ago showing it was seriously overbought according to the 14 day RSI was factual. However it's worth saying that the RSI for minnows, like MILA, can stay overbought for weeks and weeks during which time the share price can continue to rise strongly and so it has proved!! There's no doubt that explorers like MILA & ARCM can perform spectacularly if they produce excellent drill results for a commodity in demand; the GGP share price proved that over 4 years ago when the GGP share price went from around a penny to 37p in less than a year.
The reason I stick to the likes of GPM rather than MILA, or ARCM, is that my log charts are very hit and miss with explorers. Best if I stick with investment trusts, like GPM and GOLD & SILVER, with my mathematical analysis.

[papillon] 04/6/2025 11:53:48

👍 Washingmachine. Never heard ot before, but I'll have a look.

[washingmachine] 04/6/2025 10:21:51

Pap look at TYM !

[papillon] 04/6/2025 10:19:47

ARCM is a great gamble, The Skipper, especially at the current share price I'm pretty certain that ARCM will make you a lot of money.

[papillon] 04/6/2025 10:15:30

free stock charts from uk.advfn.com


Bullish log chart. 2p soon?

"papillon is a nut" Better than being the C*NT of Monte Cristo! A perpetual loser!!

[washingmachine] 04/6/2025 09:23:20

TYM is in same place has this
But not taken off yet !!
Worth a look
Odviously something has leaked here

[deanmatlazin] 04/6/2025 09:16:18

if next set of result is excellent, this will multibag up to 6p. Gold price is expecting to reach $4000/oz by end of year.

[the count of monte_cristo] 04/6/2025 05:28:37

brutal from dodge_city ha ha:)

papillon is a nut.

[the skipper] 03/6/2025 19:38:53

No problem papillon. Still holding, but top sliced again today and added to my holding in ARCM.

You might recall that I was buying and promoting MILA when it was unloved and that is the moment of greatest opportunity. I am very well researched on ARCM and strongly believe that trend change will happen in the fairly near future once Anglo’s drilling plans for the dry season have been laid out and there has been some corporate activity on other licenses held by ARCM.

As to MILA I suspect that some corporate activity is happening re: their licenses in Kathleen Valley which will bring in a cash injection. Otherwise I would have expected to see some forward selling in advance of a fund raising by now.

Had a look at your GPM and wish I had come across it a year or so ago, so well done with that. It’s on my watchlist now hoping for a lower entry point on any pullback in Gold.

[papillon] 03/6/2025 15:52:17

"The Skipper 26 May '25 - 20:34 - 829 of 838
0 4 0
Paps, as you’re trawling through 1blazer’s posting history I thought I’d remind you of this one of yours:"

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I wasn't "trawling through 1blazer's posting history". It's just that I used to hold XTR back then and seeing his name "rang a bell". I can assure you I have far better things to do.
I must admit that MILA has been a fantastic share to have bought around a month ago. If you still hold you've more than tripled your money in that time. Your gains on MILA have no doubt made up for your losses elsewhere, like ARCM. I also had winners and losers when buying speculative shares like MILA. I no longer gamble on speculative tiddlers.
I can't predict the future, but it wouldn't surprise me to see the MILA share price go higher. Maybe as high as 2p? Who knows? I know I don't!
Anyway good luck with your gambling. I hope your gambles are all as good as MILA has been, so far.

[deanmatlazin] 03/6/2025 08:55:32

result is leaking somewhere. Get friends and family members to buy it cheap first before result published.

[onedayrodders] 02/6/2025 14:59:22

3p based on what exactly?

[jambam] 02/6/2025 13:55:26

Should be 3p soon. Tiny market cap