Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Trade at 2.2875p was mine. Will continue to take advantage of sub-IPO price
Maybe end of Feb for next set of results, anything before bonus. Aslong as they are aligned with the first set we had before Xmas, then we should see interest build
MILA looks to me to have attractive lower risk multibagger potential.
22nd Dec 2021 7:00 am RNS High Grade Gold & Silver Results: Kathleen Valley
" ... "... Neil Hutchison, Chief Geologist of Mila Resources, commented:
"This has to be one of the most consistent and best overall gold intersections I've seen in my 30-year career. The top of the mineralisation is only 150m vertically below surface, which is shallow compared to neighbouring gold deposits and WA in general.
"The initial resource model at Coffey was a very linear plate based on the original drilling. The southern and deeper holes (KVDD013, KVRC017 & KVRC019) have shown a kick upwards with depth, forming a dilation zone or buckle which is very favourable for gold deposition (Figure 3). At Coffey, this is the first time the mineralised zones have contained abundant quartz veining within the sulphide and alteration zones, demonstrating this high-grade mineralisation is associated with a fundamental change in the structural geology of the deposit. This 10m wide zone of mineralisation comprises no internal waste, with all grades reporting above 3.5g/t Au and having multiple +10g/t Au & Ag grades within individual meter zones (Table 3). This style of high-grade quartz-sulphide bearing mineralisation is now starting to look similar to the Bellevue mineralisation to the south.
"The 2022 diamond drilling programme will kick-off in and around this hole so we can understand the structures forming this high-grade zone and define the interpreted north-plunging shoot in order to deliver more high-grade mineralisation."
Mark Stephenson commented:
"I have previously referred to the current JORC Resource at the Coffey Deposit of our Kathleen Valley Project as being the tip of the iceberg, and today's results certainly redouble my confidence in our Project's potential to host a sizeable gold-silver resource as we move through 2022.
"The stand-out intersection of 10m @ 8.38g/t gold and 13.96g/t silver returned in KVRC019 from 165m-175m was an early Christmas present for the team, particularly given that it gives a strong indication that the deposit will improve at depth. We look to 2022 with enormous enthusiasm as we build momentum on site at Kathleen Valley and look to translate this exploration potential into increased resource ounces to share with the market." ..."
https://www.lse.co.uk/rns/MILA/high-grade-gold-silver-results-kathleen-valley-tezoswj1qt29elc.html
MILA 's 3.12.21 commencement of drill RNS wasn't released immediately drilling had already started, as drilling samples had already been despatched and were being tested.
But apparently it had started after the 23.11.21 RTO listing, and assay results were released on 22.12.21, which is impressively fast progress.
So drilling may well already had been resumed - it was expected in mid January - with results potentially by mid February on the basis of the previous timescale.
3rd Dec 2021 7:00 am RNS Commencement of Drilling at Kathleen Valley
" ... Samples for all completed holes have been despatched and are currently being tested at an interstate independent laboratory to speed up the sample turnaround time. Mila expects to have results over the coming weeks and will update investors once they have been collated and interpreted. ...
Drilling is expected to commence in mid-January following the festive holidays in Australia. ..."
https://www.lse.co.uk/rns/MILA/commencement-of-drilling-at-kathleen-valley-7ux8ttyck3yyvw2.html
I would have thought they'd RNS drilling so erring on the side of caution. Maybe you're right and they already have...
Mid Jan they was restarting
I'd say min. 8weeks. Haven't restarted drilling yet so we're a fair bit of assays.
"Anything under IPO seems like a good price"
Ie. 2.4p: which is also the price for which director Mark Stephenson recently bought a million shares:
10th Jan 2022 7:00 am RNS Director Share Purchase
"Mila Resources Plc (LSE:MILA), the post-discovery gold exploration accelerator, has been notified that on 7 January 2022, Mark Stephenson, Executive Director of the Company, bought 1,000,000 Ordinary Shares at a price of 2.4 pence each in the Company ("Ordinary Shares"). Following this transaction, Mark Stephenson's total beneficial interest in the Company is 6,116,761 Ordinary Shares, representing 2.00% of the total issued share capital of the Company."
https://www.lse.co.uk/rns/MILA/director-share-purchase-4h5zo1uuxakdpd6.html
I'm tempted to add but.....
Added more myself at 2.38. What we think another 3/4 weeks till next set of results?
Able to pick up 100k at 2.364p. Anything under IPO seems like a good price