Share Name Share Symbol Market Type Share ISIN Share Description
Mila Resources Plc LSE:MILA London Ordinary Share GB00BD4FCK53 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 1.55 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
1.40 1.70 1.55 1.55 1.55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
05/12/201918:04Mila Resources - Main Market Investment Shell203
07/7/201902:29MILA in the dog house-

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DateSubject
06/12/2019
08:20
Mila Resources Daily Update: Mila Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker MILA. The last closing price for Mila Resources was 1.55p.
Mila Resources Plc has a 4 week average price of 1.35p and a 12 week average price of 1.15p.
The 1 year high share price is 3.25p while the 1 year low share price is currently 1.15p.
There are currently 23,200,000 shares in issue and the average daily traded volume is 53,924 shares. The market capitalisation of Mila Resources Plc is £359,600.
28/11/2019
17:45
hedgehog 100: And remember that it was a change of investment strategy to focus on technology that triggered YOLO's multibagging last month: 02/10/2019 06:00 UK Regulatory (RNS & others) YOLO Leisure & Technology PLC Placing and Investment Strategy " ... Investment Strategy The board of directors has conducted a review of the Company's investment strategy. One outcome of that review is that the board has decided that, in the light of the current market conditions and pipeline opportunities, within the scope of its current investment strategy it should give particular focus to technology opportunities in the fields of big data, machine learning, telematics and the internet of things (IoT). ..." https://uk.advfn.com/stock-market/london/yolo-leisure-and-technol-YOLO/share-news/YOLO-Leisure-Technology-PLC-Placing-and-Investme/80843606 And similarly, it was MMO's switch to technology that triggered its rapid multibagging in 2016. tomboyb 9 Feb '16 - 08:23 - 619 of 627 "In case anyone has missed it - MMO moving to fintech area" https://uk.advfn.com/cmn/fbb/thread.php3?id=33556304&from=605 Within a year MMO had more than 20-bagged. It was in February 2016 that this similar shell to MILA, MMO (which became MCC), announced a similar strategy switch from resources to fintech, and the share price multibagged virtually overnight. And within a year it had more than 20-bagged. "Mercom Oil Sands Plc Notice of AGM 08/02/2016 5:50pm UK Regulatory (RNS & others) The Board of Mercom confirms that it has today posted a circular to shareholders convening an annual general meeting to be held at 85 Richmond St W, Toronto, ON M5H 2C9, Canada at 10:00 a.m. (EST) on 3 March 2016. The meeting will consider resolutions to approve, amongst other things, amendments to the Company's investing policy and a change of the Company's name to Mercom Capital Plc. ..." https://uk.advfn.com/stock-market/london/mercom-oil-MMO/share-news/Mercom-Oil-Sands-Plc-Notice-of-AGM/70289761
31/10/2019
18:26
hedgehog 100: A MILA after hours RNS this evening: they are negotiating some "extremely exciting opportunities" to RTO! And they have been pursuing a new strategy, looking beyond the resources sector: this will almost certainly include the tech sector!! 31/10/2019 17:00 UKREG Mila Resources PLC Final Results " ... Highlights -- Ongoing appraisal of investment targets in regions with strong valuation or cash-flow growth potential -- Mutually terminated a proposed reverse takeover of Capital Metals Limited -- Broadening of investment horizons -- Strong balance sheet position with cash balance at the end of the period Chairman's Statement Dear Shareholder We have pleasure in presenting the financial statements for the year ended 30 June 2019. Following Mila's re-listing and broadening of its horizons we remain open minded about which industries we might invest in while retaining our key criteria for delivering excellent value for our shareholders. The mutually terminated proposed reverse takeover of Capital Metals Limited, while disappointing, has driven our new strategy which we hope will lead to a swift replacement. The reduction of investment routes for smaller businesses following the continued uncertainty over Brexit has driven some extremely exciting opportunities towards Mila. Negotiations are already well underway on these projects and we hope that at least one of these opportunities can be Mila's first acquisition. We formed the Company to undertake an acquisition of a controlling interest in a company or business (an "Acquisition"). Any Acquisition is expected to constitute a reverse takeover transaction and consideration for the Acquisition may be in part or in whole in the form of share-based consideration or funded from the Company's existing cash resources or the raising of additional funds. I look forward to reporting our progress to you over the next period. ... " https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Final-Results/81040036
14/9/2019
14:31
hedgehog 100: Thanks Cudmore. As it's five and a half months since the interim results, we could well be due a MILA update on progress towards a RTO. 29th Mar 2019 7:00 am RNS Mila Resources Plc - Interim Results " ... We recently mutually terminated a proposed reverse takeover of Capital Metals Limited, however we continue to see a strong flow of potential Acquisition opportunities. The Board of Directors, together with the Company's advisers, are constantly evaluating these opportunities to ensure that we secure and execute the right transaction. I look forward to reporting our progress to you over the coming the months. ... " https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Interim-Results/79578139 This is a main market investment shell, valued at just £383K. at its current share price of 1.65p, and with £573K. of cash at the interim period end (interim results 29.3.19). Any hint of a deal could see an even stronger rerating back upwards. Warren Buffett: "The stock market is a device for transferring money from the impatient to the patient."
01/9/2019
10:15
hedgehog 100: Computercoders, The last interim loss was £104.65K., but in March this year the number of directors was reduced from three to two, which will save money. Like all shells, this is speculative, because you can't be certain of what you're going to get. But at least here the valuation is very low, which magnifies the upside in the event of a deal. The stockmarket listing itself has a significant value, and MILA should currently be worth far more to an unlisted company wishing to float than its current market cap. of just £359.6K. (at 1.55p). Valuation is a key shell criteria for me, and another is the chance of a deal in the near-term. A near-term deal here looks to be very possible, though obviously there are no guarantees. 29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results " ... Financial Review For the half year to 31 December 2018, the Company reports a net loss of GBP104,650 (2017: GBP124,732). During the six-month period to 31 December 2018, the Company continued its strict financial discipline, incurring a net operating cash outflow of GBP128,350 (GBP2017: GBP120,645). The Company held cash at 31 December 2018 of GBP573,200 (2017: GBP811,389) ..." https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Interim-Results/79578139 19/03/2019 17:15 UK Regulatory (RNS & others) Mila Resources PLC Capital Metals Transaction Update & Board Changes " ... Following the termination of talks with CML, Mr George Donne and Mr Anthony Eastman, both Executive Directors of Mila Resources, have informed the Company of their intention to step down from the Board with immediate effect. The Company would like to thank them for their hard work since the establishment of Mila Resources in 2015. A search for a replacement has commenced and a further announcement will be made in due course. Mila Resources maintains a healthy cash position and has agreed for certain due diligence costs, incurred during the intended transaction with CML, to be reimbursed by CML upon a listing of CML. The Company will now look for a new transaction with the intention of identifying a suitable opportunity in the near term. The Company would like to thank shareholders for their patience and looks forward to updating them in due course upon the identification of a suitable transaction." https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Capital-Metals-Transaction-Upda/79505203 26/03/2019 16:45 UK Regulatory (RNS & others) Mila Resources PLC Board Appointment "Mila Resources plc, the London Stock Exchange listed investment company, is pleased to announce that Mr. Lee Daniels has joined the Board as a Non-Executive Director with immediate effect. Mr. Daniels is an experienced qualified accountant (Australian Certified Practicing Accountant). He has worked in London over the last two decades and has held senior finance roles with HSBC (Global Markets), Credit Suisse, ABN AMRO (Wholesale Markets) and LTSB(Group) (Distressed Debt Division). He has an established track record in Finance and Accounting, Change Management, Project Evaluation & Financial Modelling. Most recently, in the last few years, he has been working in the Oil and Gas industry for a public E&P company. Commenting on the new appointment, Mark Stephenson, Director, said: "We are delighted to welcome Lee to the Board, his wealth of experience will be invaluable in helping to identify and execute a suitable investment." ..." https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Board-Appointment/79554043
28/8/2019
14:58
hedgehog 100: As it's five months tomorrow since the interim results, we could well be due a MILA update on progress towards a RTO. 29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results " ... We recently mutually terminated a proposed reverse takeover of Capital Metals Limited, however we continue to see a strong flow of potential Acquisition opportunities. The Board of Directors, together with the Company's advisers, are constantly evaluating these opportunities to ensure that we secure and execute the right transaction. I look forward to reporting our progress to you over the coming the months. ... " http://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Interim-Results/79578139 This is a main market investment shell, valued at just £417K. at its current share price of 1.8p, and with £573K. of cash at the interim period end (interim results 29.3.19). Any hint of a deal could see an even stronger rerating back upwards.
28/8/2019
14:45
hedgehog 100: In February 2016 a similar shell to MILA, MMO (which became MCC), announced a similar strategy switch from resources to fintech, and the share price multibagged virtually overnight. And within a year it had more than 20-bagged. "Mercom Oil Sands Plc Notice of AGM 08/02/2016 5:50pm UK Regulatory (RNS & others) The Board of Mercom confirms that it has today posted a circular to shareholders convening an annual general meeting to be held at 85 Richmond St W, Toronto, ON M5H 2C9, Canada at 10:00 a.m. (EST) on 3 March 2016. The meeting will consider resolutions to approve, amongst other things, amendments to the Company's investing policy and a change of the Company's name to Mercom Capital Plc. ..." https://uk.advfn.com/stock-market/london/mercom-oil-MMO/share-news/Mercom-Oil-Sands-Plc-Notice-of-AGM/70289761
28/8/2019
14:36
hedgehog 100: From MILA's website: "A NEW APPROACH TO MINING Focused on Delivering High-Value Mining Opportunities" HTTP://www.milaresources.com/ But interestingly, MILA's interim results statement revealed that it was expanding its remit to include other sectors too: 29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results " ... Outlook The appetite for listing on the London Standard List is currently appealing to many domestic and international private companies. Mila's current existing investment strategy is to broaden its horizons. Evaluating opportunities across a range of sectors, the company believes will lead to a more efficient process of identifying suitable candidates. On behalf of the board Mark Stephenson Director 29 March 2019 ... " http://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Interim-Results/79578139 This could be a good move, given that much of the mining sector is in the doldrums ( ... although that does at least depress mining sector RTO target valuations, and makes the RTO route more attractive if the IPO route is partially drying up). The expansion could well include the technology sector. And this reminds me of former natural resources shell Alexander David Investments, which was RTOed by Tizania Life Sciences (TILS), and 20-bagged from its RTO price within barely a year. - From "THE TIMES", 20th. May 2014: "Private punters also took an interest in biotechnology minnows. One, Tiziana Life Sciences, named Napoleone Ferrera as chairman of its "scientific advisory board". His research is credited with leading to the development of Avastin and Lucentis, two of the world's bestselling drugs. The developer of breast cancer drugs made its debut on AIM last month when it reversed into the shell of Alexander David Investments, originally intended to be a natural resources investment vehicle, to gain its London listing. Shares placed then at 12p each by Beaufort Securities rose a further 2 1/2p to 28 1/2p, a record, in brisk trading."
13/8/2019
14:57
hedgehog 100: From MILA's website: "A NEW APPROACH TO MINING Focused on Delivering High-Value Mining Opportunities" HTTP://www.milaresources.com/ But interestingly, MILA's interim results statement revealed that it was expanding its remit to include other sectors too: 29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results " ... Outlook The appetite for listing on the London Standard List is currently appealing to many domestic and international private companies. Mila's current existing investment strategy is to broaden its horizons. Evaluating opportunities across a range of sectors, the company believes will lead to a more efficient process of identifying suitable candidates. On behalf of the board Mark Stephenson Director 29 March 2019 ... " http://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Interim-Results/79578139 This could be a good move, given that much of the mining sector is in the doldrums ( ... although that does at least depress mining sector RTO target valuations, and makes the RTO route more attractive if the IPO route is partially drying up). The expansion could well include the technology sector. In February 2016 a similar shell to MILA, MMO, announced a similar strategy switch from resources to fintech, and the share price multibagged virtually overnight.
10/8/2019
13:57
hedgehog 100: Over four months since the interim results, we could be due a MILA update on progress towards a RTO. 29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results " ... We recently mutually terminated a proposed reverse takeover of Capital Metals Limited, however we continue to see a strong flow of potential Acquisition opportunities. The Board of Directors, together with the Company's advisers, are constantly evaluating these opportunities to ensure that we secure and execute the right transaction. I look forward to reporting our progress to you over the coming the months. ... " http://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Interim-Results/79578139 This is a main market investment shell, valued at barely a third of a million quid at its current share price of 1.4p, and with £573K. of cash at the interim period end (interim results 29.3.19). Any hint of a deal could see a strong rerating back upwards.
10/10/2016
09:18
randowiggum: Doing a bit of googling and interesting that Mark Stephenson, one of the board members at Mila, was a significant shareholder in Highlands Resources when that came to market.....lets hope Mila's share price can do as well as HNR!! I bought in on Friday after seeing that potential little nugget....
Mila Resources share price data is direct from the London Stock Exchange
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