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Also emailed the company this morning gently stating a update was due…what do I know nought……good luck to all at Mila……….this drill could be company defining but just hope Neil gets excited first. GLAHs
Onwards and upwards
Well now we know .. contracting delays.... tend to forget these guys have to tender out a lot of the process.
I also emailed the company this morning and had a right moan about recent comms .. so you all have me to thank !! LOL
Great to see drilling back underway! - imagine drill cores to follow shortly!
RNS!
(not a placing)
Total radio silence so either an offer for the company or a placing!
let's hope no shannagans here with the 'little Ol Retailer' the last to know .... wouldn't be the first or last time on AIM
If anything significant had occurred, they would have to inform the market, no?
Did cross my mind but could be wishful thinking
Maybe they have found something significant and need to go radio silence ?
Watch this space
totally agree .. during the first drill you couldn't shut this company up about how stonkingly fantastic everything was .... now virtually total radio silence,
You would think if they do have skin in the game they would be a bit more proactive in keeping confidence going and stopping this relentless weakness in the SP and heading back to ******* listing price.
Sheeesshhh
Could really do with a drilling update. Why is site prep taking so long?
Well they have tweeted at least! Means someone is still at the office.
MasterPSI, I'd like to see the sp when we see daily buy volumes of 24m or 240m.
Not today, it finished UP for the day and on a very difference in Buying v selling for only 0.10p rise
BUYS 2.45M
SALES 0.79M
Ontarget many thanks for this and apologies for missing this. Been in ALL for years and do understand the issues around mining as nothing ever goes in a straight line and fully acknowledge a FFS. GLA holders but sometimes patience gets carried away.
This was released just 3 weeks ago FFS: https://www.lse.co.uk/rns/MILA/stage-2-drilling-to-commence-at-kathleen-valley-s3gpswrf6il7ukp.html
Permits and approvals have been received, site works scheduled for the following week i.e. w/c 8/8 just 2 weeks ago.
What do you think site works involves exactly?
Personally my concern is the long overdue RNS to say we have the permit and are drilling unless I have missed something. This reminds me of the days management quietness prior to the mine deal…..believe shareholders need to be told please MR Stephenson.
I certainly wouldn't rule out a fundraise. More a matter of timing, even if you accept this phase 2 drilling is fully funded. That £2.5m in cash in Dec 2021 won't be lasting long and they want options to increase their stake in Kathleen if forthcoming results are exceptional. I'm more cautious about what sp a fundraise would be done though as I've been burnt by deep discounts to current sp in other promising companies before.
may drop even more today, maybe some sold to get into EST or ANGS Starting to look extremly cheap again, or is there a 3p placing in the wings? 6.5 million sell Wednesday didnt encourage either
Huge amount of what looks like coordinated selling and not a word from the BOD on the 2nd round of drilling. Sentiment is on its ass at the mo! Great time to buy! :-)
Herts, I'm not so sure people are seeing yet how undervalued MILA is. It may be that it is hard to ascribe a credible value to it based on lots of unknowns and unlikely positives. I can see this rising on news of actual drilling but whether it will hold the gains will have to be seen. I guess it all comes down to whether assay results will exceed market expectations and what consensus there is about the ability of the managements to sell the asset at a good premium.
Interesting activity by the same person across 2 stocks executed at the same time:-
Share Price Information for Mila Resources (MILA)
24-Aug-22 14:03:21 3.80 6,719,826 Unknown* 3.70 3.80 255.35k O
Share Price Information for Wishbone (WSBN)
24-Aug-22 14:03:23 13.75 2,363,500 Unknown* 14.00 15.00 324.98k O
4.18p paid, Seems folk are now seeing how undervalued MILA is Drill about to start (look at last few RNS and our grades for phase 1)
buys coming in again, cant be far till we get drill commence RNS just look at the outstanding grades we found in phase 1 GLA