Two things to focus on here for the benefit of the trolls:
1. The terms for the acquisition of the Queensland properties: “The Company has initially paid A$25,000 in cash and the issue of 16 million warrants exercisable at 1p per Ordinary Share for the Option Agreement. The Option must be exercised within 12 months”. In other words the vendors of the Queensland licenses are supremely confident that drilling results will lead to a share price in excess of 1p.
2. In Bellevue Gold’s recent presentation they have indicated a proposed expansion area in the direction of Mila’s license area, where Mila are now processing data acquired by Liontown’s exploration of the area immediately adjacent to Bellevue’s boundary.
You’d have to be barking mad to short this imho. |
 The RNS issued on 31st October
provides further context for today’s, in particular this bit:” Gold mineralisation at Yarrol has several geological expressions, including IRGS-type vein swarms developed in and around Permian-aged dioritic intrusions, as well as sediment-hosted gold mineralisation. Elsewhere on the property, mineralisation appears to be developed along cross structures that intersect the regional structural trends.
There is significant upside potential that exists along the 10-15-kilometre trend of gold mineralisation that has been historically under-explored. EMX re-processed the historical geophysical data from the project area, which highlighted additional targets along strike of, and below, the historically defined zones of mineralisation.
Exploration programmes conducted by EMX in 2021 included the collection of 544 soil samples, which identified two new gold-in-soil anomalies. The northern anomaly, known as the Limestone Creek area, lies approximately five kilometres northwest of the historical Yarrol gold resources. This new anomaly has dimensions of 200 by 600 metres, with the strongest results along the southernmost line. The area was identified as a target by EMX on the basis of magnetic inversion geophysical models, previous geochemical results and the presence of numerous historical prospecting pits. The Limestone Creek anomaly also coincides with a zone of albite-silica-goethite alteration developed adjacent to a monzonite porphyry and remains open to the south. The anomaly has a scale and tenor that resembles those over the historical gold resources on the Yarrol Project.
Other gold-in-soil anomalies have been delineated immediately northwest of the historical Yarrol resources, along a contact zone between geological formations within folded and faulted sediments, which also merit follow-up exploration.”
They have really picked up a bargain here and are getting stuck in to Yarrol with a vengeance, whilst having zero spend in Kathleen Valley as Liontown do all the work. |
My posts already marked down tells me to buy more tomorrow :)))
Keep bashing as i want another 5 million under 0.025
Talk about knocking a company where it's Mcap and share price is on it's knees with news incoming :)) |
Watch this gap up as we move towards the next RNS's....
The CEO and Steven Xerri, with the new added website = Multi Bagger!!
They know a lot more than us behind the scenes and have placed their bets.....
Make sure you filter the resident and newbie trolls
Good Luck.. |
Well i've decided to return here again with 5 million shares.....
Think i know how fast MILA moves and will not miss out on the next run North......
This stock went over 5p just on those gold grades and i would be delighted with just 3p |
Up again this morning. |
Well it’s very clear that further news is coming from both Kathleen Valley and Queensland, with the possibility of a deal with Bellevue Gold. Either of those could set this stock on fire imo. |
Mega buy at this level |
Lost £360k doing nothing. |
They have conserved cash well and have enough to fund a drilling campaign in Queensland and some more news to come from Lionstown’s exploration in Kathleen Valley. If that is sufficient to secure an exploration deal with Bellevue this will really start to fly imo. |
“Following a detailed ground magnetic survey the team are now finalising an upcoming drilling campaign at its Yarrol Project, one of the three land packages in South-Eastern Queensland. Drilling will be focused on the Yarrol Target and is fully funded to complete the Stage 1 infill and step out campaign. The campaign aims to grow the 2km historic non-JORC resource and unlock 20km of prospective strike along the Yarrol Fault.”
Any success with that should be sufficient to attract a bigger fish to come on board imo. The presentation also indicates exploration targets in Kathleen Valley right next to Bellevue’s boundary and Bellevue’s recent presentation indicates this area as an expansion target so let’s hope a deal can be done. |
Perhaps a discount on quality of management. Cash won't last long and they've demonstrated they're poor stewards of shareholder capital. Probably because they treat it like it's their own... |
I accept there has g been much newsflow or activity, but the valuation now is absurd. Is it trading ata discount to cash? |
A cash shell that took 5 years, a BOD change and 2 failed deals to finally manage an acquisition which ultimately they lost faith in and started looking for something else. Specialists in failure, accelerator of cash burn. |
He's just an ex broker spiv that pumps shares he took placings in on X. He can learn what it's like dealing with the Mila board. |
free stock charts from uk.advfn.com
MILA 5 year log chart. It's AWFUL! Will it change? The odds are against it changing going by the share charts of similar, wishing and hoping, exploration minnows, but you never know. Stranger things have happened.
PS I only have one share and that is GPM. |
And yet it’s got a recent TR 1 holder who probably knows a lot more about what’s going on than you do. |
Compare it to how much it's down from when this relisted. It's a pathetic dud run by a guy with no mining expertise. |
That’s one hell of a rollover. |
Well it’s up again today so tough titty. |
It's a token buy to appease gullible retail. It's pocket change compared to what he's taken out over the last 8 years in wages and expenses. |
And so the recovery continues today….. |
He wouldn’t have shelled out that much cash unless he was confident of turning things around would he? |
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