Mila Resources Share Discussion Threads

[candlestick1] 27/7/2023 12:23

They pay $200k for 50% and then $2m for a further 30%?Reckon they will stop at 50% then.

[red army] 27/7/2023 11:55

Not sure why you have t be careful here as directors have a lot of skin in the game.

[seagreen] 27/7/2023 11:41

cheers TCMC and TL...the research will be useful for future gold exploration and easier to do a fund raise at a fuller value....

why is ADFVN so full of bitter and twisted posters sigh

[goforgold1] 27/7/2023 11:25

Be carful here the count has been on all top risers gettjng people in so he can get out ..Been no volume in this for months so how you going get out once Mms start to bring this down later . Total Ramper the count is . Talks a good talk i have a feeling he is multi poster as well because he makes it sound so convincing. BE CARFUL

[the count of monte_cristo] 27/7/2023 10:39

We are now about a month into drilling the gold project, news due on that.

[johnjames876] 27/7/2023 10:28

StillDumpkng

[thelung] 27/7/2023 10:21

That's bread and butter for our ilk :-)

[the count of monte_cristo] 27/7/2023 10:19

Flasheart, if it was so bad why would Australia's largest lithium company even bother?

[flashheart] 27/7/2023 10:05

So a small percentage likely to get smaller on dilution of something that they haven't actually found yet......Hmmm.

[thelung] 27/7/2023 10:01

16% of any future Lithium find. LTR fund the search.

MILA shares in issue in the future will include currently issued + 2nd & 3rd earn in consideration shares issued to TPE and NGM + conversion shares issued to LTR + whatever volume of shares they need to issue to fund gold exploration on KV license (which doesn't just include Coffey deposit).

[the count of monte_cristo] 27/7/2023 09:42

Sorry, seagreen I haven't got amswers to all of your questions. I was hoping for, and speculated that it woulf be LTR who we were talking to, and got that correct. Neil Hutchison told me in an email previously that he has was walked the the license and haa observed the pegmatites outcropping. Indeed, the license was first acquired as an exploration for lithium, but then they hit those stella gold grades.

[arcadian] 27/7/2023 09:35

Surely cheaper to buy us out?

[amaretto1] 27/7/2023 09:26

Only in the ramping longs minds ! Placing inbound here

[seagreen] 27/7/2023 09:21

TCMC

Have you got your slide rule out to help non derampers there are quite a few what ifs plus a convertible at a price to be determined with potentially no interest but another fund raise by Mila

Looks very fair .........guess the fund raise price by Mila will be the driver

[johnjames876] 27/7/2023 09:16

Huge seller jere

[ronson333] 27/7/2023 09:10

A must read to understand what’s going on here:

[stockport loser] 27/7/2023 09:09

You calling it wrong again lol

[the count of monte_cristo] 27/7/2023 08:55

Yes, so the derampers on the other bb who said no deal would be done have been proven incorrect. It's not just any deal, but a deal with Australia's largest lithium company, lol:)

[thelung] 27/7/2023 08:52

Amendment to the Earn-In Agreement

Mila, TPE and NGM have also entered into a deed of amendment amending the Earn-In Agreement ("Deed of Amendment") pursuant to which they have agreed that Mila may:

-- increase its Participating Interest in the Licence from its current 30% to 80% on the issue of the Stage Two Consideration Shares;

-- increase its ownership of the current Lithium rights from 50% to 80% on the issue of the Stage Three Consideration Shares, representing 16% of the Lithium Rights following full exercise by Liontown of its option; and

-- at any time when the Parties are not conducting a physical drilling campaign, reduce Mila's liability for expenditure to maintain the Licence to its Participating Interest (currently 30%).

[manual dexterity] 27/7/2023 08:48

SPOT on count. MILA will have 10 percent of an exciting operation. All funded by a super major.

[ronson333] 27/7/2023 08:43

Yes they will be left with 10%, but Lionstown do all the work and pay the costs. They already have off take agreements with the likes of Tesla and remember mila only has a market cap of £6m. What an opportunity for the company at no cost. See it as joint venture with a $6 billion company and they are paying all the costs…

[everready1] 27/7/2023 08:34

where does it say 16% ?

[seagreen] 27/7/2023 08:33

TCMC well done, but they will only be left with 10% of the Lithium project if it goes well surely...bit confused have you got the numbers?

[the count of monte_cristo] 27/7/2023 08:29

Post 3262 I made the other month...

Highly likely they are talking about lithium, as this is what the license was first explored for, the license is also close to LTR's giant lithium project. LTR are subject of a 5.5 billion dollar takeover approach.