Mila Resources Share Discussion Threads

[the skipper] 18/10/2024 09:03

The CEO has confirmed that annual results will be published by the end of this month and that should also provide an operational update, so Monday seems likely for news. Liontown should have been active on MILA’s licenses for many months now, so the only questions are have they found gold, lithium or both. Either should have significant implications for MILA shareholders given the structure of the deal with Liontown.

[mineshafted] 18/10/2024 08:50

Elliott Wave theory. This is absolutely priceless. What about the ‘is there anything down that hole’ theory? The only ‘wave’ is goodbye to our money……news this week post anyone?

[the skipper] 17/10/2024 19:41

The reality is that Elliot Wave theory is only really relevant to indices, FX and the like. It’s pretty irrelevant to low volume AIM stocks which are news driven, and this stock has suffered more than most from a very long news hiatus. Some decent news from the work that Liontown have been doing on Mila’s licenses could be a game changer for shareholders here.

[papillon] 17/10/2024 18:37

free stock charts from uk.advfn.com


This long term MILA log chart is still Strongly Bearish. That could change, but at this moment in time the above chart is still Strongly Bearish. Only a good news RNS will change the direction of this chart

[papillon] 17/10/2024 18:31

Nope, you're wrong, The Skipper. We have had a complete short term Elliot Wave system (all 5 waves). Here's the evidence:


free stock charts from uk.advfn.com

It's possible we are about to see the 3rd UP Wave of a longer term Elliot Wave system, once a a,b,c correction cycle has completed, but as I'm not Nostradamus I won't attempt to predict the future!

[the skipper] 17/10/2024 18:15

Nah…we’re just in wave 2 of a new 5 wave pattern imo. Wave 3 should be long and strong.

[papillon] 17/10/2024 17:10

free stock charts from uk.advfn.com


It looks like the pump has finished. An Elliot Wave that started in the 1st week of October completed on Tuesday with the 5th Wave.

[dannymaz89] 17/10/2024 11:08

Chart looks powerful Unbelievable the lack of selling

[the skipper] 17/10/2024 07:39

No hype, just stating facts re: yesterday’s trades.

[mineshafted] 17/10/2024 03:05

‘Leg up’ skipper ? ‘Leg over’ more like. We’re all completely f…

[mineshafted] 17/10/2024 02:56

….the hype reaches fever pitch as the share price powers up to 0.6p. A mere decimal place offside for most of us. lol. Where is this “news this week” promised week after week. “Actual commercial discovery” ! Wash your mouth out Rodders - that hole has filled up with water. Its fantastic. News this week that MILA are preferred exclusive suppliers of lithium to the entire global motor industry and roofing materials for sheds on unicorn farms. Dingo bingo👍ӿ96;

[the skipper] 16/10/2024 22:49

Well the buys outnumbered the sells 2:1 in the end, so this could move up sharply tomorrow if there is more buying pressure.

[onedayrodders] 16/10/2024 07:25

LOL ... not today anyway

[shearluc] 16/10/2024 07:16

Patience Rodders ... this time next year ... bet you haven't heard that one before!

[onedayrodders] 16/10/2024 06:55

how about an actual commercial discovery !

LOL

[dannymaz89] 16/10/2024 06:46

What to look for in a junior;Great grades ? Bullish mineral (gold/silver) ? Funded with no debt or CLNs ? Safe jurisdiction ? Majors close by ? x2JV with a major ? Small mcap ? Buyout potential ? MILA ticks every box I can think of And more ...... ?

[dannymaz89] 15/10/2024 18:06

Finals due by month end and confirmed by 3 separate entities within the company that they are ready (confirmed in the tg group)

[blakesmith] 15/10/2024 15:01

they hwvent had any news since march so how u figure these are due news nkw? big D

[the skipper] 15/10/2024 14:23

And up it goes again 🤗😊🤗

[dannymaz89] 15/10/2024 12:20

Lots of news due on this one:-Assays from Liontown-Permits to drill-Further acquisitions-Finals (cash £1.3m ish) cash burn 300k a year ?-Excise option for 80% at 2.4pWedged in a perfect mining area if they find lithium ?

[dannymaz89] 15/10/2024 11:55

#MILAHave 30% ownership over their Kathleen valley asset Have an option to increase to 80% OwnershipMila has the option to increase its participating interest in Kathleen Valley to 80% on the issue of 97,656,750 new Ordinary Shares at a price of £0.024 per Ordinary Share in the Company (the "Second Consideration Shares").The remaining 20% interest is held by Metal Rocks Ltd.  The Company proposes to enter into a call option agreement with Metal Rocks, pursuant to which the Company aims to acquire the right to purchase the outstanding 20%.After just 2 drills an Australian major producing lithium attached to the license "Liontown's crown jewel is its 'world-class' lithium deposit, Kathleen Valley. One of the largest hard rock lithium deposits in the world." Supplying Tesla and ford came knocking and gave MILA "Liontown has the option to acquire up to 80% of the Lithium Rights from Mila and TPE for a total consideration of up to A$2,200,000 through a phased investment programme"Freeriding MILA and MILA retain rights to all other minerals To the other side attached to the license is Bellevue gold £2b cap.. "what Mila are looking for""One of Australia's Highest-Grade Gold Mines, with a Mineral Resource of 3.2Moz"?Mila have £3m cap and £1.6m cash with very small outgoing and £1m potentially due to them from Liontown. 80% increase option at 2.4p currently 0.7p This will wake up with a bang ??

[the skipper] 15/10/2024 09:26

Here we go. Looks like the next leg up has started.

[dannymaz89] 14/10/2024 11:36

Cheap energy on our doorstep ?