Mila Resources Share Discussion Threads

[shortcpx] 31/3/2023 08:58

These idiots were paying a premium for assay results by sending them out of state to get a quicker turnaround. Very expensive business given the number of spiv outfits in WA. All fun when it's someone else's money.

[amaretto1] 31/3/2023 08:43

It's turned in to a binary bet ...Cash left for a few deep holes ...If they miss ... over ! Shallower drills ... more of .. but have to hit ....Not investable at present

[arab3] 31/3/2023 08:37

On Which part is the chairman pleased to present the results ? !!

[the count of monte_cristo] 31/3/2023 07:39

They need this next set of drilling to hit the gold lodes they suspect are there, if this additional time to analyze the information helps them to do that then it's time well spent. Frustrating that they aren't ready by now, but that's exploration stocks for you. The cash position right now is a hindrance, but should be enough for them to drill.

I disagree with the "splays" meaning that this isn't worth looking at, if they hit multiple stacked gold loads it all changes here.

By the time they do start drilling it's more than likely gold will be over 2,000 US an oz.

Back to sleep again with this one.

[sos100] 31/3/2023 07:38

agree....rubbish investment but when they do drill ,may go back to 1.5p on speculation

[mostro] 31/3/2023 07:35

Another in the minus 75% column!!!
Little point selling what's left so will hang on in hope!

[the count of monte_cristo] 31/3/2023 07:30

Yes, disappointing. More waiting required while they sort out the next set of drilling. Would have thought that they had enough time to sort this over the last 4 months.

[onedayrodders] 31/3/2023 07:24

"However, given the risks associated with exploration and the high costs of drilling in Western Australia, we are spending the funds prudently and do not believe it appropriate to continue drilling without mitigating as much exploration risk as possible."

For me that is as clear a warning that money is running out and at the very least they will soon be back cap in hand for another raise .. and that won't be easy in this banking environment.

[mostro] 31/3/2023 07:24

oh dear, selling at .61p

[amaretto1] 31/3/2023 07:18

U telling me the surrounding companies didn't look at Kathleen valley ? Course they did ... why wouldn't they ?

[shortcpx] 31/3/2023 07:17

Some of you are alright. Hence my post at 459. Mila has always been a lifestyle company for Stephenson. How do you make a pig ear's of a WA gold licence.

[mostro] 31/3/2023 07:16

p5tvr
Language, dear boy, or girl!!

[sos100] 31/3/2023 07:13

forward planning is strange....surely a company would know how much is requied for possible future drilling?

[mostro] 31/3/2023 07:12

Not such good news after all!!

[folderboy] 31/3/2023 06:57

Or to paraphrase: Thanks for the money, we are thinking about spending it - oh we have!

[amaretto1] 31/3/2023 06:36

Pity they didn't do that before ! 800k won't achieve much .. that's for sure

[sos100] 31/3/2023 06:26

Not great investment but statement ain't that bad but glad i've not averaged down

However, given the risks associated with exploration and the high costs of drilling in Western Australia, we are spending the funds prudently and do not believe it appropriate to continue drilling without mitigating as much exploration risk as possible. Consequently we are now working methodically through the geological data and moving more slowly than previously anticipated.

In line with this revised strategy, post period our team has been collaborating closely with the on-site personnel at Kathleen Valley and expert consultants to analyse and interpret the data gathered from our drilling operations. We are currently evaluating the risk and reward of drilling further at depth and reviewing additional targets on the licence area.

[amaretto1] 31/3/2023 06:21

Mmmm....... oh dear

[the count of monte_cristo] 29/3/2023 12:23

Added 100k

[the count of monte_cristo] 28/3/2023 10:44

Should be an update this week, interim results due.

[the count of monte_cristo] 28/3/2023 07:00

Interesting goings on in our adjacent neighbours project. Next one to receive an opportunistic low ball bid, BGL?!

LTR up 68% on the back of this news.





"The Australian miner maintains it has significantly de-risked its key Kathleen Valley lithium project, with mining operations commencing, construction progressing, and the project on track to deliver in mid-2024".

[dunkirk1016] 21/3/2023 19:09

Count many thanks for replying, appreciated but hope you are near the mark.