Mila Resources Share Discussion Threads

[axonic] 04/4/2023 07:56

I'm still holding a loss here but glad I didn't cave in on Friday. Fingers crossed that this will turn very positive. GLA.

[the count of monte_cristo] 04/4/2023 07:55

...who are capped at 3 billion pounds having just received a massive takeover offer. Next to be approached will be BGL. We are wedged between them...little MILA capped at 3.7m GBP

[axonic] 04/4/2023 07:51

Just spotted that it's Liontown that own the land I was asking about.

[the count of monte_cristo] 04/4/2023 07:47

Thanks seagreen, like I said yesterday that license is very valuable. Take your pick of JV partners.

Interesting times ahead.

[axonic] 04/4/2023 07:47

Count, re post 3229: any idea who owns the land identified as lithium pegmatites? Is it Mila?

[seagreen] 03/4/2023 19:27

amaretto ...their hands are rather tied.....depends on terms and percentages and what they find at the end of the day ...beggers can not be chosers etc...

[amaretto1] 03/4/2023 18:29

I'm not even sure this is good news. Having to bring in a partner at this early stage giveing 50 percent away.Already far too many taking a piece out of the shrinking pie ...Be careful here.

[purchaseatthetop] 03/4/2023 18:14

Reading between the lines...

MILA had £830k at 31/12/22.
It had net current liabilities of £150k at that date.
It loses around £40k a month on admin
So has maybe £500k in cash now.
So would need to raise money to move any further forward.
So, a nice "hopeful" story would enable a placing to be sold into to raise the cash? Been done so so many times before.

[seagreen] 03/4/2023 18:05

Glad I did not buy GPM does it just invest in duff gold shares the chart looks aa mess ...how can it get it so wrong?

(SHG is dead dodgy ramp take care)

[seagreen] 03/4/2023 17:59

Pap has your pot being calling you kettle black per chance

SOS100? A conspiracy theorist who tells porkies. Filtered!


(Better exit stage left ....only joshing...honest guv lol)

[seagreen] 03/4/2023 17:53

Hope it comes good for you The Count....

Many congratulations for holding your nerve.........

Sadly I did not

Fingers crossed 4U

Come on Pap the lad deserves a huge round of applause .....

[shortcpx] 03/4/2023 17:50

Stephenson looking after his city mates then. Crash the price then let them buy in

[papillon] 03/4/2023 17:04

👍 pngaseF. A very leaky company. Some were obviously in the "know", hence today's big buys. That stinks! Fortunately I didn't hold MILA having sold last year, but I can understand those who sold Friday following Friday'RNS being a bit miffed.

[thelung] 03/4/2023 16:50

the Company is in discussions with regard to a transaction for the Kathleen Valley project relating to a joint venture partner.

:-))))

[pngasef] 03/4/2023 16:48

RNS!! Leaky company....

[papillon] 03/4/2023 16:34

SOS100. I'm very bullish on gold. Most of my money is invested in GPM. I also have small stakes in the following established junior gold miners with the potential to increase production, ALTN, AAZ, SHG & CMCL.
I don't ramp the shares I own unlike some I could mention.
I lost money on MILA last year and am now wary of pure explorers.
I do post on the ENET and BEN bb's only because they were recommended to me. I decided I wouldn't touch them with a bargepole. If I'm "negative" on a share, I never buy in! Fact!
SOS100? A conspiracy theorist who tells porkies. Filtered!

[papillon] 03/4/2023 16:26

Of course it's just my opinion, TCofMC, based on the TUN situation. Just like your posts are just your opinion. We are not company insiders so don't really know what is going on behind the scenes. We are just guessing.

[sos100] 03/4/2023 15:16

Papilion is quite negative on most stocks ....until he buys in?

[the count of monte_cristo] 03/4/2023 14:50

So, it's just your opinion about these mysterious forces (who nobody ever can identify) buying the share to then try and get a placing away? I presume none of this can be proved:)

[papillon] 03/4/2023 14:44

I didn't say it was being pumped before a placing, TCofMC. What I said was it's POSSIBLE going by what has happened to TUN on Friday and today.
Also I don't mean being "pumped" on the message boards, because the TUN bb's were also "dead" on Friday. What I mean is that the share is POSSIBLY being bought to get a placing away. However there could be other reasons, such as a Bid for the company in the offing, or someone accumulating a stake in the company. No doubt we'll soon find out the reason for today's price rise.

[the count of monte_cristo] 03/4/2023 14:30

TheLung, I believe so. Could be that.

chris, I'd say the license they are sitting on has become something on the minds of a few people because of the multi-billion dollar bid for Liontown Resources. Liontown are now capped at 5.7 billion dollars (3.1 billion pounds).

I also can't see BGL being independent for much longer, if BGL get a takeover offer that would be two multi-billion dollar approaches to companies which are a stones throw from our license. Worth considering when thinking about MILA.

[chris cat] 03/4/2023 14:23

Strange action after pretty negative RNS, Let's hope it is some sort of asset sale, although the tone of last weeks RNS doesn't suggest that we'd be in strong negotiating position