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Seeing the mcap to cash disparity along with the potential for significant gold and lithium finds and JV with multi billion dollar company and project adjacent to another multi billion dollar companies. Might be one of the best unloved but highest potential return shares on AIM from here.
Something leaking from Liontowns drilling I wonder? Volumes suddenly jumped the past week or so.
Some big lithium and gold discoveries at Kathleen valley would be very nice. :)
Bargain, good points. We all have different risk-profiles. I'm naturally cautious with talk of "all in" and "the sp should be X when this happens". Junior miners are variable and uncertain creatures, even when a big mining brother or financing company is involved. I remember many holders of SXX and HZM that couldn't hear any contrarian view to the certainty of operational success and multi-bagging.
So the JV partner Liontown Resources market capitalisation is $2.82billion and not long ago it was double this.
The large gold discover yat Bellevue Gold right next to MILA: https://twitter.com/power_thompson/status/1770817023162949769
Bellevue Gold market cap is $2.31billion.
Mila market cap £3mil. Time to increase my punt.
New tweet from the company
https://x.com/MilaResources/status/1780868875456008318
Nothing guaranteed but given the evidence presented and move by liontown I am liking the odds at a 3mil market cap 40-50% below the placing price and for a company with very low cash burn with the big guns paying for the exploration.
WSBN see's much bigger moves with far less going for it in a less lucrative part of Australia.
Nothing is guaranteed. And there are reasons why the market has marked MILA down to this level. What's the point of ramping? Let the teams do their work and see if the potential can be proved up and what if any options for accelerating the development and value of the resource can be secured.
JD
Gold has already been extensively drilled with 12,000m which is substantial and the grades were excellent.
See:
https://x.com/Butterheart886/status/1780159776158109711
As for lithium Liontown have conducted extensive due dilligence and indentified several pegmatite rich zones in close proximity to world class tier 1 lithium deposits and mines.
https://x.com/power_thompson/status/1770817023162949769
Liontown last year recieved and rejected takeover offers in the region of $3billion. This is in the public domain.
Bring on the updates as the uplift potential from here is huge.
Highly prospective area for world class gold and lithium grades as per the above.
This is aimed at the true investors here! Just be careful, there are a lot of posters on here who may not be invested. Just check out posters profile. Some have only been posting for a short time yet, have an incredible number of posts. How is that possible?
I am invested here but this has a long way to go to break even for me, but I won't ever ramp. GLA true investors.
DYOR - always.
Mila has potential but nothing is guaranteed. Let us see what the actual results are from the forthcoming drills.
I remember an RNS least year when it went up 150% in a day. But that was when the share price was higher and so any big news coming out of Kathleen Valley and the Liontown JV then could see a 200-300% day and consecutive rises after it settles in the pennies.
Timed it right. News of this hidden gem is making the round. Expecting a lot more interesting and demand for shares.
This is now getting on people radar and doing well today. Im in and also bought INHC worth a look too....1.00+ coming for MILA
As previously announced, Liontown has identified several lithium targets in the northern and central areas of the Project, which coincide with the gold target areas previously identified by Mila. Under the joint venture between Liontown and Mila, Mila will be able to access and conduct gold and base metal test work from the drilling core provided by Liontown drill programme. The board of Mila expects that this will significantly reduce the overall cost and timeframe of Mila's exploration activities within the coincident areas.
I'm in. This has been on my radar for a while and the investment case is compelling to say the least.
Also a bonus is the company has a price history of big moves and this was before it has the partnership and cash it has now.
Titanium we're talking both gold AND lithium in a global tier jurisdiction in Aus and the JV partner Liontown which is huge is the one paying for it. Forget the 35% to the placing price. When a discovery is announced it should really be a quick 335% from here.
What a bargain with Lion Town resources drilling it, any gold grades found this will rocket!!
still 35% discoount on placing price!!
Not advice. This is just my expectation based of a lot of my own research.
Great day on here today. Big volume, hefty buying and what a spike on the charts. Hopefully that keeps up now
Is coming imo
055.....shudbe the bottom that......
Piscator, it may just be a few folk folding-in some cash from end of tax year use of ISA entitlements? Though I'd like to think it was the sniff of some good news in the air. Quite today so far....
I was wondering when someone would notice 😂Still a long way to go just to get back to the placing price, but the buying flurry does certainly suggest that some news is brewing.
I wish it could do this every day :-)
Early bird. great news about the keeping all the gold. How come that is the case for MILA? Also, thanks for the info