Member Info for Barraband

Thanks cszjr. I am always slightly concerned when pre-emption rights are disapplied but if it is for the purpose of acquiring more businesses, especially at bargain prices, then I more relaxed.

Just seen this at Companies House:

Date Description

09 Jun 2026 Resolutions

Resolution of removal of pre-emption rights

Resolution of allotment of securities

Re company business/authorised to make one or more market purchases/general meeting notice period. 28/05/2026

This document is being processed and will be available in 10 days.

This will mean they can issue shares to other people without offering them to existing shareholders - could wipe out private investors.

Another idiot to filter

Here's the update I received:

Audit is progressing well, the auditors are in the final throws of finalising the Audit and we should have that completed by the middle of April

As soon as the audited accounts are finalised and signer then a sponsor for the resisting will be appointed alongside a reporting accountant

The Accounts for 2026 will then be prepared and once published we will be able to relist hopefully by Q3 this year.

Meanwhile everything on the business side is progressing well and I hope to be able to bring you an update once we have the Audit signed off in the next few weeks.

Unfortunately not so far. I did request an update a month ago but did not receive a reply. I hope the lack of a response is due to them being fully committed to preparing the prospectus for the re-listing!!

Here’s the update I received:

Acquisition of Quaker State Holdings LLC completed effective 1 November 2025 on terms set out in the General Meeting

Ryan Silverman, CEO of the operating group acquired, has joined the Board

Combined Group has gross assets of over $1 billion and estimated shareholder reserves of over £80 million

Audit is progressing well with the current target being end January for issue but there is a lot to do due to past auditor issues

The application for listing has been delayed whilst we seek a reporting accountant but we are well advanced in drafting a prospectus

Strong pipeline of business identified for new PLAC and AILAC products with significant inflows targeted in 2026

Three acquisition targets are progressing with ALGW plc strongly favoured as the preferred bidder.

Expecting to reach $2 BN AUM target by end of Q2 2026

Some Assays imminent - next week maybe? Let’s hope so.

Both filtered anyway!!

Here's the latest corporate update:

1. The SPA has been executed by all parties and will become effective after cleaning up a name change from one of the vendor trusts.

2. The audit is progressing reasonably well, we have all the prior year adjustments and IFRS 17 amendments incorporated. The auditors are going through their processes but this will take slightly longer because of prior year disclaimers

3. We are working on the relisting documents with a view to submitting a first draft to the FCA by 5th December

4. We can give a more formal update once the SPA is effective.

Lots of £10k buys going through - someone is topping up massively.

Market Cap is now £18m with additional shares in issue. Still hugely undervalued as MC should be £50-60m. Maybe we will hit that level once the assay results are known and published. Exciting times.

That's the status on LSE

Just seen this - anyone the wiser?

Mark Stephenson, Executive Chairman, Commented: We believe these projects can deliver substantial value for the Company and we look forward to announcing drilling results from Yarrol in the coming weeks.

what's not to like?

“Generally” gold in the ground is valued at 10c on the $. So with potential resource of 500k oz at $400 an oz divided by 1.35 gives approx £150m. As I said it is very much a rough and ready calculation and maybe a minimum value given the relatively low projected AISC. Would be a steal for a major.

If the gold resource is estimated to be 500k oz, based on a rough rule of thumb valuation of gold in the ground that would value MILA at £150m - currently valued at £10m. I'm definitely here for the duration!

A knob

Same here. I’m a LTH and recently added more. Would be good to get away from the trolls and doomsayers

Not exactly an influencer is he? Been filtered ages ago so don't have to read any of his tripe

On the contrary. Looks like someone had advance notice that Lionstown were pulling the plug. Totally corrupt.