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Wow, u paid 2.3? Jeez, I’d suggest you get another broker. Think they let you down a bit there....
L.
Barclays smartinvestor is who I mostly use. Execution wise, they’re pretty good
L.
What about Hargreaves, anyone here using that?
Very annoyingly you cannot buy this through Halifax. Which platforms are you guys using?
Director just doubled his stake today...
L.
Hopefully MILA will issue a statement to accompany its AGM later this month, commenting upon the company's recent progress.
This would be an excellent way to update everyone about the "extremely exciting opportunities" to RTO that are being negotiated.
An also an apposite way to confirm whether MILA's new strategy includes the technology sector, which it almost certainly does.
Either way, those shareholders that attend should find the experience helpful.
Exciting times here, and indeed it's hard to believe that we will ever see a better value shell opportunity than this:
• Market cap. barely a third of a million pounds (£359.6K. at 1.55p).
• Strong cash underpinning: £428,673 at 30th. June 2019, so the substantial value of the listing etc., including RTO upside, is 'in for free'.
• "Extremely exciting opportunities" to RTO being negotiated, with news expected imminently.
• Clear indications of a likely switch from resources for a RTO, with the technology sector a prime candidate.
• Main market listing, so no AIM delisting concerns.
A switch to or including the technology sector should be a substantially value-enhancing event here.
But the market hasn't really picked up on this yet.
And remember that it was a change of investment strategy to focus on technology that triggered YOLO's multibagging this Autumn, up about five-fold, c. 2.5p to c. 12.5p:
2nd Oct 2019 7:00 am RNS 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://www.lse.co.uk/rns/YOLO/placing-and-investment-strategy-isux13td1iyxled.html
Similarly, it was MMO's switch to technology that triggered its rapid multibagging :
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.
Very pleasant news: it certainly looks like the company is gearing up for a RTO, with a relatively modest fundraising only, restricted to existing shareholders by way of a rights issue etc.
A refreshing change that they are seeking to reward patient, long-term shareholders in this fashion, with what could be a bargain basement offering to accompany an RTO, though well above the current s.p. of 1.55p.
And with a good RTO, the share price can instantly double from the fundraising price.
Anyone not owning shares beforehand would miss out, both on the chance to subscribe, and the rise.
Hopefully the AGM will reveal more about the "extremely exciting opportunities" to RTO that are being negotiated.
MILA have been pursuing a new strategy, looking beyond the resources sector: this will almost certainly include the technology sector, and if that's the case then AGM should at least be able to confirm this.
There is one special resolution:
"SPECIAL RESOLUTIONS
6. THAT conditional on the passing of Resolution 5, the directors be and they are hereby empowered pursuant to section 570 of the Act to allot equity securities (within the meaning of section 560 of the Act) for cash, pursuant to the authority conferred by Resolution 5 or by way of a sale of treasury shares as if section 561(1) of the Act did not apply to any such allotment or sale, provided that this power shall be limited to:
6.1 the allotment of equity securities in connection with an offer by way of a rights issue, open offer or other offer:
6.1.1 to the holders of ordinary shares in proportion (as nearly as may be practicable) to their respective holdings; and
6.1.2 to holders of other equity securities as required by the rights of those securities or as the directors otherwise consider necessary, but subject to such exclusions or other arrangements as the directors may deem necessary or expedient in relation to treasury shares, factional entitlements, record dates, legal or practical problems in or under the laws of any territory or the requirements of any applicable regulatory body or stock exchange;
6.2 the allotment (otherwise than pursuant to sub-paragraph 10.1 above) of equity securities and the sale of treasury shares up to an aggregate nominal amount of shares representing approximately 20 per cent. of the Company’s current issued share capital, provided that the power granted by this resolution will expire on the date being fifteen months from the date of the passing of this resolution or, if earlier, the conclusion of the next annual general meeting of the Company to be held after the passing of this resolution (unless renewed, varied or revoked by the Company prior to or on such date), save that the Company may, before such expiry, make offers or agreements which would or might require equity securities to be allotted or treasury shares to be sold after such expiry and, the directors may allot equity securities or sell treasury shares in pursuance of such an offer or agreement notwithstanding that the authority conferred by this resolution has
expired."
http://static1.squarespace.com/static/57a212373e00bec21a900640/t/5de12d215043fe7cebffa83a/1575038244011/Notice+of+AGM+Dec+23+-+Final.pdf
29th Nov 2019 7:00 am RNS Notice of AGM and Posting of Annual Report
"Mila Resources Plc announces that its Annual General Meeting ('AGM') will be held at the offices of Smithfield Partners Limited, Suites 19-22 Temple Chambers, 3-7 Temple Avenue, London, EC4Y 0HP at 11:00am on 23rd December 2019.
The Company announces that its Annual Report for the year ended 30 June 2019 and Notice of AGM are today being posted to shareholders and can also be downloaded from its website: www.milaresources.com.
Please note, Shareholders will not receive a Form of Proxy for the 2019 AGM in the post but can instead vote electronically using the link www.signalshares.com, selecting Mila Resources Plc and following the proxy voting tab. Additionally, Shareholders can vote in person at the AGM or request a hard copy Form of Proxy from the registrars by calling 0371 664 0391 or writing to Link Asset Services, The Registry, 34 Beckenham Road, Beckenham Kent, BR3 4TU.
**ENDS**
For more information visit www.milaresources.com or contact:
Mark Stephenson Mila Resources Plc +44 (0) 20 7236 1177
Beth Melluish St Brides Partners Ltd +44 (0) 20 7236 1177"
https://www.lse.co.uk/rns/MILA/notice-of-agm-and-posting-of-annual-report-52pz6jdvxs8vk3x.html