The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMila Resources Share News (MILA)

Share Price Information for Mila Resources (MILA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.625
Bid: 0.60
Ask: 0.65
Change: -0.025 (-3.85%)
Spread: 0.05 (8.333%)
Open: 0.65
High: 0.65
Low: 0.625
Prev. Close: 0.65
MILA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Mila Resources Interim Loss Narrows, As It Nears Potential Takeover

Tue, 31st Mar 2020 17:30

(Alliance News) - Mila Resources PLC on Tuesday reported a narrowed loss for the first half of its financial year, as administrative costs fell in the company's drive to find a suitable reverse takeover candidate.

For the six months to the end of December, the natural resources company reported a pretax loss of GBP50,504, narrowed from GBP104,560, entirely due to a drop in administrative expenses.

Due to being an exploration company, Mila did not generate any revenue for the period, nor for the previous one.

Beyond the period, in February Mila announced a non-binding heads of terms for the possible acquisition of E-Tech Metals Ltd, which developed projects in the critical and strategic metals industry, with its main asset the Eureka rare earth project in Namibia.

"The current pandemic, although devastating to businesses globally, has not interrupted our plans to undertake a re-listing of the enlarged entity and the company and its professional advisers are continuing with due diligence and preparing the documentation for the re-listing. Clearly, we will need to assess market conditions prior to raising any capital but it is very much our current intention to complete the transaction by the end of 2020," said Executive Director Mark Stephenson.

Shares in Mila Resources are currently suspended in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
15 Nov 2022 17:36

Mila Resources shares tumble as Kathleen Valley drilling disappoints

(Alliance News) - Mila Resources PLC shares slumped on Tuesday, as it reported little success from drilling at its Kathleen Valley gold project in Western Australia.

Read more
15 Nov 2022 11:18

SMALL-CAP WINNERS & LOSERS: BSF Enterprise soars on lab-grown meat

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Read more
8 Nov 2022 21:55

TRADING UPDATES: Leeds revenue down; Frontier IP completes fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
31 Oct 2022 18:01

EARNINGS SUMMARY: Lok'nStore profit grows; Rosslyn Data loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
18 Oct 2022 10:51

Mila Resources says deepest drilling yet produced promising results

(Alliance News) - Mila Resources PLC on Tuesday said it continues to make progress towards commercialisation at Kathleen Valley after receiving encouraging results from the deepest holes drilled there to date.

Read more
6 Oct 2022 16:08

Mila Resources says will use new funds to fund further exploration

(Alliance News) - Mila Resources PLC on Thursday said that it has raised GBP696,000 through a placing, which it will use to further fund exploration at the Kathleen Valley gold project.

Read more
21 Sep 2022 20:02

TRADING UPDATES: AB Dynamics revenue up; SDI Group trades in line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
6 Sep 2022 15:00

Mila shares rise as stage two mining begins at Kathleen Valley

(Alliance News) - Mila Resources PLC on Tuesday confirmed that its stage two drilling programme has begun at the Kathleen Valley gold project.

Read more
5 Aug 2022 11:48

IN BRIEF: Mila Resources to start stage 2 drilling at Kathleen Valley

Mila Resources PLC - London-based gold company focused on Australia - Says its stage 2 drilling programme is ready to start at the Kathleen Valley Gold project in Western Australia. Says this stage will build on the success of stage 1 results, focussing solely on the Coffey deposit located in the southern portion of the Kathleen Valley project, as it looks to build a "significant" commercial resource at the project.

Read more
25 Apr 2022 21:25

IN BRIEF: Mila Resources reports drill results surpassing expectations

Mila Resources PLC - London-based gold company focused on Australia - Notes assay results from 2022 diamond drilling programme at Kathleen Valley gold project in Australia, with assays for first five of the 11 core holes showing exceptional results.

Read more
20 Apr 2022 21:13

TRADING UPDATES: Tatton assets grow; Intosol needs funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
31 Mar 2022 14:53

EARNINGS UPDATES: MySale loss widens; Inspirit Energy shipping issues

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
1 Mar 2022 20:32

TRADING UPDATES: Hutchmed in Macau boost; UP Global success in Germany

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
24 Feb 2022 21:57

TRADING UPDATES: Enwell shuts down operations; i3 ups oil production

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
15 Feb 2022 22:16

TRADING UPDATES: Tullow faces Norway charge; Light Science wins grant

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Tuesday and not separately reported by Alliance News:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.