Mila Resources Share Discussion Threads

[farnham] 19/11/2020 07:10

Any guesses on rto timeframes ?Certainly great news and uplift in mcap towards 1.1 billion $ ;)

[farnham] 06/11/2020 17:21

Nice day , I'm going to wait and hold . Advanced discussions

[lazygun] 29/9/2020 11:36

Well, they said by end of this year. Though covid might have delayed things a bit

L.

[farnham] 16/9/2020 07:09

Any updates likely soon?

[hedgehog 100] 27/2/2020 15:50

Thanks to Gloster on LSE for a link to the E-Tech metals website.

"E-Tech Metals Ltd are focused on advancing it’s 75% owned Eureka Nd-Pr-REE Project, located in central west Namibia"


E-Tech remind me of KZG (Kazera):

"Kazera Global currently holds a 75% stake in Aftan, which in turn holds two wholly owned subsidiaries, Namibia Tantalite Investments (NTI) (holds operating assets and plant) and Tameka Shelf Company (holds title and licences to Tantalite Valley)."


KZG (formerly KENV - Kennedy Ventures) has been a roller coaster ride since it acquired its Namibian mining project in 2014.
But for MILA to acquire a project when prices are depressed should mean that it can cut a better deal.


04/08/2014 06:52 UK Regulatory (RNS & others) Kennedy Ventures PLC Conditional Investment in Tantalite Project
"Kennedy Ventures plc ("Kennedy Ventures" or "the Company") is pleased to announce the signing of a conditional agreement for the acquisition of 75% of African Tantalum (Pty) Limited ("Aftan") for a total consideration of R12m (GBP0.66m), R4m (GBP0.22m) of which will be satisfied through the issuance of 4,523,113 Ordinary Shares in Kennedy Ventures at a price of 4.9p per share, (average closing price over 15 days up to and including 31 August 2014) and the remainder through a loan of R8m (GBP0.44m), (the "Transaction"). The 75% stake of Aftan, a Namibian incorporated investment vehicle, is being acquired from a group of private investors. ..."






"Rare Earths Outlook 2020: Trade War to Dominate Supply and Demand
Georgia Williams - December 26th, 2019
... “Despite the continuous talk by some in the media about China potentially weaponizing its rare earths during trade negotiations with the US, prices of most rare earths have trended lower or stayed fairly flat for most of the year, with few exceptions,” said Luisa Moreno, managing director of Tahuti Global. ..."

[farnham] 27/2/2020 09:53

Yes we now have weeks or months to relax and wait

[lazygun] 27/2/2020 07:44

Nice. Let’s hope it pans out

L

[farnham] 27/2/2020 07:14

E-Tech Metals is a private company developing projects in the critical and strategic metals space.Lithium & cobalt are currently hot tickets in the resources sector with investors predicting a steady growth in electric vehicle batteries and energy storage. Those who "join the dots" must also consider the engine. Cue the rare earth elements (REE), notably the elements neodymium (Nd) & praseodymium (Pr), essential materials for high-strength magnets used in electric car and motorbike engines, as well as wind turbine generators

[farnham] 27/2/2020 07:11

E tech metals reverse takeover.Anyone know of them ?

[farnham] 27/2/2020 07:06

Suspension

[dunkirk1016] 16/2/2020 14:57

Hedgehog 100 your musings are interesting but I have been yawning here since investing.

[hedgehog 100] 27/1/2020 14:33

A RTO (reverse takeover) into a shell gives more certainty than an IPO (initial public offering), especially in a weak IPO market, and allows a company to raise its profile and share price before raising funds later at the most opportune moment.

Many of the largest companies have their roots in RTOs, including even FTSE 100 constituent WPP, the world's largest advertising company:

"WPP plc
... WPP plc is a multinational communications, advertising, public relations, technology, and commerce holding company headquartered in London, England. It is considered the world's largest advertising company, as of 2019. ...
The company was founded as Wire and Plastic Products plc to manufacture wire shopping baskets in 1971. In 1985 Martin Sorrell, searching for a listed company through which to build a worldwide marketing services company, bought a controlling stake...."


So the "extremely exciting opportunities" to RTO being negotiated by MILA could result in something pretty special happening here ... which should mean a pretty special reaction from the share price.

[hedgehog 100] 15/1/2020 16:19

Thanks GB.

After the 22.10.19 MMO RNS I posted above, MMO closed unchanged at 2.75p (market cap. £0.47M.):
Oct 22, 2015 2.75


On 2.3.16 MMO traded as high as 6.85p intraday:
Mar 2, 2016 4.88 6.85 4.50 4.88 934,568


MMO was then renamed Mercom Capital (MCC), and by 5th. Janaury 2017 had traded at over 50p intraday:
Jan 5, 2017 40.50 50.39 39.48 47.50 435,472

[goodbloke1] 13/1/2020 21:25

Excellent post Hedgehog.What was MMO shareprice following these purchases after it's 'stellar recovery '

[hedgehog 100] 13/1/2020 15:12

The stellar recovery of MMO was also preceded by the equivalent of director share buying.
MMO directors had been paying themselves in shares to conserve the company's cash, effectively therefore buying shares:

22/10/2015 14:00 UK Regulatory (RNS & others) Mercom Oil Sands Plc Issue of Equity
"The Company announces that it has issued a total of 1,782,294 New Ordinary Shares in settlement of director fees and other advisory fees and charges.
Of these shares, 523,415 New Ordinary Shares have been allotted to Kyle Appleby, a non-executive director of the Company, at 3.63p per share in settlement of fees charged under his letter of appointment. The remaining 1,258,879 New Ordinary Shares have been allotted at an average price of 3.97p per share in settlement of advisory fees and charges. These fees and charges have been settled in shares in order to preserve the Company's cash resources. ..."


06/05/2015 15:00 UK Regulatory (RNS & others) Mercom Oil Sands Plc Issue of Equity
"The Company announces that it has allotted a total of 3,034,886 New Ordinary Shares at 4.625p per share (being the mid-market closing price at the close of business on 5 May 2015). Of these shares, 440,291 New Ordinary Shares have been allotted to Patrick Cross in settlement of director's fees and expenses of GBP20,363 for the period from 1 July 2014 to 30 April 2015 and 2,594,595 New Ordinary Shares have been allotted to John Zorbas in settlement of invoices totalling GBP120,000 in respect of his consultancy contract with the Company, for the period 1 April 2014 to 31 March 2015 and are being settled in shares in order to preserve the Company's cash resources ("the New Ordinary Shares")...."



Which makes the recent big director share buying at MILA especially encouraging:

09/12/2019 12:45 UKREG Mila Resources PLC Director/PDMR Shareholding
"Mila Resources Plc, a London listed natural resources company, has been notified that on 9 December 2019, Mark Stephenson, an Executive Director of the Company, bought 600,000 Ordinary Shares at a price of 1.6 pence each in the Company ("Ordinary Shares"). Following this transaction Mark Stephenson's total beneficial interest in the Company is at 1,200,000 Ordinary Shares representing 5.17 per cent of the issued share capital of the Company."



The boss of MILA's large share holding here means that he is well-incentivised to deliver value here, and he is obviously very confident that he can do so as he has recently doubled this holding.

And news on the "extremely exciting opportunities" to RTO being negotiated here could come at any time.

[hedgehog 100] 13/1/2020 14:27

Thanks for that feedback Lazygun, and I quite understand.

The AGM may well have confirmed whether MILA's new strategy includes the technology sector, which it almost certainly does, as indicated by the buying afterwards.
But the wider market hasn't yet received such confirmation.

However, this does at least mean that any real boost from such news can still be to come.
And from a market cap. of just £464K. at 2p, this boost could be very significant.


Remember that as well as YOLO-ASLR, it was MMO's switch to technology that triggered its rapid multibagging in 2016.

tomboyb 9 Feb '16 - 08:23 - 619 of 627
"In case anyone has missed it - MMO moving to fintech area"


Within a year MMO had more than 20-bagged.

It was in February 2016 that this similar shell to MILA, MMO (which became MCC), announced a similar strategy switch from resources to fintech, and the share price multibagged virtually overnight.

"Mercom Oil Sands Plc Notice of AGM
08/02/2016 5:50pm
UK Regulatory (RNS & others)
The Board of Mercom confirms that it has today posted a circular to shareholders convening an annual general meeting to be held at 85 Richmond St W, Toronto, ON M5H 2C9, Canada at 10:00 a.m. (EST) on 3 March 2016.
The meeting will consider resolutions to approve, amongst other things, amendments to the Company's investing policy and a change of the Company's name to Mercom Capital Plc. ..."

[lazygun] 09/1/2020 14:31

No, unfortunately I had some pressing late hour family matters so ended up having to miss it.

So I’m as in the dark now about what they may be planning as I was before the AGM.

so inconvenient, but family always comes first


L.