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Started: Titaniumboy, 4 Jun 2024 17:18
Last post: JDF7, 4 Jun 2024 18:23
MILA is definitely one for the patient and disciplined, and those who hate hype but have quiet hopes
Good things come to those that wait!!
Started: TrendSpotter, 3 Jun 2024 17:36
Last post: mohamnx18, 4 Jun 2024 17:17
Surprised we still at this low price…
Well I honestly can't see why a few quids worth of shares being sold has warranted the drop in sp today.
Started: ChartaRex, 1 Jun 2024 11:44
Last post: JDF7, 2 Jun 2024 14:22
Assay results could still be a good way off. Even if the results are very positive, I think any serious multi-bagging of the sp will require additional news and a good year or two, especially given the interest in other assets that the BOD have signalled.
Taken from the Interim results on 28 March 2024:
"Post period end, Liontown commissioned an aerial image survey for its baseline studies and to comply with heritage and environmental regulations, ahead of commencing sampling and drilling works on the project. Liontown has now completed the aerial image survey and a soil sampling programme is underway. The assay results will then be used by Liontown to determine drilling targets for lithium..."
That was over 2 months ago. Assays results must be close. Expect this to be explosive if the results are good, possibly 10 or 20 bag in short order.
I bought a huge chunk of MILA this week before the inevitable rise. Just a waiting game now. Who knows, may even be as soon as next week :)
Started: ChartaRex, 29 May 2024 12:34
Last post: scrwal, 29 May 2024 13:34
I can sell at 0.725p and buy at 0.749p so the real life spread is much smaller
14%+ spread. Who's buying that?!
Started: ChartaRex, 23 May 2024 11:48
Last post: OD3OD, 28 May 2024 15:32
Hi Mohamnx18, genuine question, why would buys be showing as sells? Why would it go to NT. I'm still learning the ropes so would be good know these things.
Funny games being played by MM, lots of buys being shown as sells and making it go NT at times!
Loads of today's buys are in the sell column
Be mindful of the games being played for investors to sell out on the cheap
Now is the time to buy!!!
And it's showing as a sell. Even happier, as that means I got them at below the median bid/offer price :)
Sorted. Looks like a tech glitch with the data provider. Anyway, they've managed to put my buy order through this morning so I'm delighted with it (and the AJB helpdesk). Just waiting for drill results now :)
Happy days!
An update on the soil sampling process and also on possible additional acquisition targets would be welcome
Started: Frankie1969, 3 May 2024 21:46
Last post: Troajan, 13 May 2024 10:13
Full ask paid there.
Frankie, is there a reason why you are presuming the soil sampling is complete? And what level of lithium do they need to find to consider mining feasible for them? If it is below this, what gold levels would we hope to see for the share price not to crater? It is not a one-way street /bet despite the "potential" that many speak of.
Liontown Soil Sampling Programme was underway on 28 March ... presumably is complete now an awaiting assay results.
Just imagine if they find Lithium AND Gold!
News due in any day!!!
Warrants at 2p and 4.8p from previous placings expiring late 2025 must be a target here. Plus 2p warrants from the CLNs expiring in 2027.
What a bargain with Lion Town resources drilling it, any gold grades found this will rocket!!
still 40% discoount on placing price!!
Expectation is this revisits 2-3p. Settles there b4 climbing higher. Reason: mcap is ridiculously low but lithium & gold assets are in tier 1 Australia. Also JV with bil$ liontown. Cashed up too
Look at the maps and gold grades in this RNS from MILA: https://uk.advfn.com/stock-market/london/mila-resources-MILA/share-news/Mila-Resources-PLC-Liontown-Completes-Drone-Survey-at-Kathleen-Valley/93260928
It’s got multi bagger written all over it imo.
Very nice indeed.
Perhaps we will have a fight on our hands between Liontown and Bellevue Gold! talk about prime postcode..
Started: PD101, 7 May 2024 15:09
Last post: PD101, 7 May 2024 15:09
So much potential it's ridiculous.
Started: Frankie1969, 7 May 2024 09:55
Last post: Frankie1969, 7 May 2024 09:55
Today's news Bellevue confirms Commercial production and expansion !!!
Incredible news here for MILA
07 MAY, 2024
Bellevue declares commercial production, launches expansion studies
After declaring commercial production at its namesake gold project in Western Australia, Bellevue Gold (ASX:BGL) has launched a number of expansion studies to further boost its output.
During the March quarter, production at the Bellevue Project totalled 37,338 ounces of gold, putting the company on track to achieve its guidance of 75,000 to 85,000 ounces of gold for the six months to 30 June 2024.
Bellevue, which has a market capitalisation of $1.97 billion, will publish its FY25 production and cost guidance as part of a maiden multi-year outlook in July 2024, upon completing the budget and life-of-mine planning activities.
The expansion studies now underway are focused on expanding the Bellevue’s plant beyond its current capacity of 1 million tonnes per annum (Mtpa).
A scoping-level study has begun on a plant expansion to 1.5Mtpa, which will investigate capital requirements for the expansion and include non-processing infrastructure.
Bellevue says the study is expected to be completed in the first half of 2025.
“As well as increasing production and cashflow, this would enable us to leverage existing infrastructure, drive further economies of scale and unlock greater value from our exceptional high-grade orebody,” Managing Director Darren Stralow says.
The plant was designed to enable throughput capacity to be increased from 1Mtpa to 1.2Mtpa, with no material capital expenditure required.
To confirm this, Bellevue says the plant was operated at an annualised throughput rate of 1.2Mt for a week during February. The company found no material issues arose, which provided confidence that this rate can be achieved on a consistent basis.
The Bellevue Gold Project is a high-grade gold project in Australia with a global resource of 3.1 million ounces @ 9.9 grams per tonne of gold.
Bellevue Gold is a gold-focused company that strives to be a net-zero gold producer by 2026.
Write to Aaliyah Rogan at Mining.com.au
Started: tom2468, 30 Apr 2024 10:13
Last post: tom2468, 30 Apr 2024 10:13
Nice flurry of buying
Started: JDF7, 24 Apr 2024 09:34
Last post: JDF7, 24 Apr 2024 09:34
I don't think it is a closed period, nor have I seen anything about Liontown taking and sending samples from the ground for assay results as yet. What's the chances of any Director Buys at these levels?
Started: Early_Bird, 14 Mar 2024 13:20
Last post: M_Night, 19 Apr 2024 08:35
I'll keep adding around here as I think this will settle back well over a penny. The MILA twitter has been posting a lot of bullish tweets recently.
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.
Early bird. great news about the keeping all the gold. How come that is the case for MILA? Also, thanks for the info
funded for 2 years+ and carried by a multi billion$ company in a jv agreement for lithium where mila to get to keep all the gold.
yet people on aim decide to chase ****e and get sharked by placings...
this will have its day :) 100% from here to get back to the last placing. management if you read this bb please work on your pr
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.
Started: TrendSpotter, 17 Apr 2024 21:43
Last post: TrendSpotter, 17 Apr 2024 21:43
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.
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
055.....shudbe the bottom that......
Started: Titaniumboy, 17 Apr 2024 14:58
Last post: Titaniumboy, 17 Apr 2024 14:58
What a bargain with Lion Town resources drilling it, any gold grades found this will rocket!!
still 35% discoount on placing price!!
Started: AliceTProf, 17 Apr 2024 13:32
Last post: AliceTProf, 17 Apr 2024 13:32
Great day on here today. Big volume, hefty buying and what a spike on the charts. Hopefully that keeps up now
Is coming imo
Started: Invwell, 10 Apr 2024 22:27
Last post: JDF7, 11 Apr 2024 11:25
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 :-)
Started: JDF7, 28 Mar 2024 10:06
Last post: JDF7, 28 Mar 2024 10:06
Good to know that soil sampling programme by Liontown has commenced, that MILA are studiously assessing other opportunities beyond KVP and that the cash position is sturdy.
Red today but only 10 trades.
Let us see what price action we get once Lionstown start to do their exploratory drills and share results
Blue
Started: OD3OD, 21 Mar 2024 11:47
Last post: JDF7, 24 Mar 2024 09:48
I'm hoping for days when we will see 800+ trades. Call me a dreamer...
There’s no need to be so rude Roger. Until Thursday, which saw a massive increase in volume here, we were generally only seeing two or three trades a day and none at all on Tuesday. Yesterday’s volume was therefore very reasonable in the circumstances.
12 trades today Piscator1. 'buys flooding in now'
Why are there quite so many clowns on these bbs that post such imbecilic statements?
Here we go again, buys flooding in now, so it looks like we will have some decent news on Monday.
I only want it to be a 40-bagger... ;-)
Started: Early_Bird, 7 Mar 2024 10:47
Last post: Early_Bird, 7 Mar 2024 10:47
Can only be a good thing for MILA
Started: Early_Bird, 21 Feb 2024 13:26
Last post: JDF7, 22 Feb 2024 17:33
Good to read all this. Thanks for sharing, Early Bird. I've been in for a while, just waiting patiently
Many thanks Early Bird. I joined the Hive but am yet to find the Q&A on there. Seems like an absolute bargain whilst the stock is trading at such a large discount to the recent placing price though.
Q: You mentioned a promotion campaign is about to start, and as you rightly say, it’s a really tough market atm particularly in the lithium space, what are your plans to spread the word & to highlight what we seem to all see as huge value disconnect.
A: I will be working with our PR company StBrides and brokers SI Capital and Shard over the next period
Q: Lazy for me to ask this as but how much stock % do management hold? Are you guys aligned with shareholders?
A: Yes I have been investing throughout Mila’s lifetime
Q: Given the postcode of the asset & the surrounding majors, IGO, Belle Vue, BHP & Liontown. Have the company ever been approached by the likes of Belle Vue for a similar JV to the LTR one but in respect of the gold?
If not, and we do get some nice gold intersects, would the company be open to a similar deal to the LTR JV retaining a %age of the gold & an upfront cash payment?
Lastly, is this even something that could work, having LTR mine for lithium & BGO mine for gold?
A: I'll let Mark comment on the JV but in terms of gold and lithium assets in the same licence it would be a question of proximity and infrastructure. As long as the two orebodies and mine footprints wouldn't overlap then it would be OK.
Q: I understand that there could be water on the MILA license area and that this could be of economic interest to LTR. Could you tell us more about this?
A: Liontown are particularly excited about the water which they need for production and hope shortly to start drilling on the Coffey permissions which will provide more knowledge on the area for us
Q: How can Mila potentially monetise their water asset?
A: water quality in the MILA KV licence appears better for processing for LTR. It is less saline and therefore would have significant savings in terms of processing for them. The access to this water is within Mila's licence and therefore they would need to acquire it for access.
Q: Why do you think the shareprice is currently only reflecting £1m -£1.5m for the asset with JV deal attached? What steps do you plan on taking to help close the value disconnect between current value and projected fair value? For example have you thought about director buys or sourcing strategic Investors to restore investor confidence?
A: We have been waiting for Liontown to commence before starting marketing as we didn’t want to make promises in this difficult Lithium environment . Tonight is the start of a promotion campaign which we will now continue with as the work progress.
Q: Liontown were offered a $4.2bn takeover, albeit I think this was when lithium prices were much higher. I understand that their primary asset is their Kathleen Valley lithium resource. How does the size of their license area compare to MILA’s? There is clearly a bit of a value disconnect between the 2 companies 😂. I am trying to understand whether the MILA license area has the potential to contain a similar amount of natural resources as the Liontown license area, albeit clearly Mila are light years behind in terms of proving up and developing!
A: An extension to the existing LTR mineralisation is more likely. In terms of area it is possible for a similar sized orebody to occur in the Mila licence but the realistic opportunity is for a significant tonnage addition to their resource towards greater depth. LTR have a high grade orebody and it is a tier one project so any resource expansion within the Mila licence would still represent a great return.
Summary of text questions/answers as follows. You can find all the questions and answers in the Hive Telegram Group (link below)
Q: Given the issues that LTR face with the current lithium pricing environment, are you pleased with progress & speed of which they are working?
A: Yes. It is a great show of commitment from LTR and and understanding from their side of the medium to long term path for the lithium market. The Mila licence is a high priority target for them.
Q: How long will existing cash balance last?
A: We raised £2m before expenses last Nov Admin cost 12 m to 30/6/23 less capital raise expenses were £487k Liontown are covering all the current exploration cost so little overheads on top of that
Q: I saw LT we’re going to get their shares at a discount to market price but ended up paying 1p which was above the market price why was this?
A: Liontown originally invested pre the announcement they were farming in therefore wanted a discount as they thought our SP would go up substantially on the news. The SP surprised and went below our par value.Liontown were more than happy to change to 1p (premium at the time) and change their discount to a warrant at 2p in line with the placement
Q: This is what I think the market is missing. Despite the major issues facing LTR & the lithium market as a whole, the MILA asset must be held in high regard for them to push on with the work program given it’s time sensitive.
A: I guess we really need the grades & their optimism to match so we can receive the next stage payment & they can kick on again. Some nice gold grades would be a cherry on top.
Q: Roughly, what time frames would you estimate you would be in a position to have something to release to market?
A: LTR are due to push ahead with geochem' sampling in the near term. This will take a couple of months at least, possibly longer depending on permissions but hopefully by the end of Q2 we have more news. Our aim is to leverage off their detailed exploration work and let them carry the costs for now.
Q: Is MILA also appraising other assets or is the focus purely at KV?
A: Yes. The market is difficult for many earlier/post discovery projects at present and we see a clear opportunity to acquire an interest in stranded assets and advance them towards scoping and feasibility. The focus is on key metals- Copper, Gold, Lead-Zinc but with an openness to newer tech metals with the right opportunity.
Q: One thing I noticed on the Corporate Presentation was an "independent valuation" of £15 Million for the project. May I ask who developed this valuation, and what methodology they used to come to this conclusion?
A: It was an independent valuation by the accountants in the prospectus . It can be made available if required