Member Info for ID78

Pullback was indeed 1 day.

Off we go :-)

I’m aware of them, don’t think I’ve seen one since I was a kid tho!

Honestly, Tro loves his bottoms.

In any other world you get locked up, but here … it’s fine and encourage it :-)

You’re great at bottoms - feel free to post here if/when you think MILA has bottomed.

Thanks in advance!

I should add it’s maybe a different story once the teething problems are ironed out and a corner is being turned

I’m a slow learner, Tro, but I get there sometimes.

It was you that taught me don’t invest in mining companies going into production, there’s all sorts of teething problems that hit the SP including potentially not meeting guidance (expect prodn) and needing funds..

I was going to say is that all?

But yeah once the bond payment happens the chart is binned.

Yep that’s my thinking, HC, thanks for explaining more clearly. . ….

LW - let’s hope not but time will tell

SP has dropped back to only 10% higher than that in May pre-RNS.

Surely must be a buy?

Nigel - I have from mid July on (so next week possibly but it is hard to know for sure).

IF there’s no news by end of middle of August then the gold pour is not so good IMO

There’ll be a proper scramble for shares IF all goes well.

Orange moon - I agree. TA is a tool and a useful one.

I follow a guy on YouTube (saint markets). He has not reviewed MILA but he does do requests (he’s also in X/twitter). Where I see value is he tells you reversal zones where the risk of buying and seeing a return is better. He also suggest price targets. One is always the previous high but he suggests targets if that is taken. Worth a watch maybe?

He’s not always right, nothing is 100% right in stocks, but he is decent and is better than me! Pair that with knowledge on a company and coming newsflow and you have to do better that if you ignore the TA (surely?)

Ohh hey, you’re in WSBN too.

I threw the kitchen sink at WSBN and have now sold 2/3 (today) but I had 40% of ALL my money in WSBN!!! (plain daft risking that much on a drill result!)….I’ve left some of the profit for drill results - I mean you have to, don’t you (but ‘free’ money made off the rise).

I think you’ll do well here but do consider OMI it will move on again once ops start… both should do well.

The POG I think is having a breather but Trump is crashing the dollar and the POG is going to move on. You gotta have some gold shares. AND it’s the exploration ones that do the biggest moves on the Lassonde curve.

I’ve been in 2 producers and not done well (tho one may be turning the corner). Fundamentally exploration with good results will do you well.

Another to keep an eye on is GEO. The MCAP is high relative to here but the Geologist responsible for GGPs massive find it involved and has owns a good chunk of the licence. I don’t own any (yet)… they should drill this summer and if they hit good grades there will be massive hype given the geologist behind it (queue more GGP comparisons and look what happened to WSBN)…

Cyber monkey - I am at my limit here. I won’t buy anymore without a positive update.

But I do have funds free in my account waiting on good news and I expect I am not the only one.

A new (highest ever) gold pour and this will jump no mistake. Of course, a mediocre gold pour and we continue as we are.

After yesterday’s close I wondered if the pullback would be 1 day (so yesterday) or 2 (yesterday and today).

I think we might have our answer - should hopefully see a healthy move tomorrow

Fair comment dibs, £3mill MCAP for a fully funded gold drill. It is low.

0.53p (if it does drop that far) is less than £3mill.

Surely you’d see buyers step in below £3mill…

I don’t know if you follow OMI or GSCU.

Similar price action. OMI is between drilling and SP has halved. GSCU waiting on some results and yet to start phase 3 drilling - and the SP dropped back a bit.

If you have patience and can hold till a resource estimate is declared then (as they are fully funded and shouldn’t dilute) then you should do fine here..

Yeah that’s fundamental Lockerroom - ramping on social media has been ongoing on hundreds of shares over many years.

It’s just what happens.

There is risk in buying shares - I mean even a solid ‘safe’ share like Rolls Royce, you’d have a massive paper loss during the pandemic if you bought just before lockdown. An extreme situation I know but true.

Or - what if you bought Tesla at the start of the year?

It’s our money, it’s our risk!!

I’m more comfortable buying TIR than Tesla!

I think the there’s 2 things here.

1) waiting for drilling to start means money moving to other stocks (to come back later)

2) the drill results on this phase are not exceptional.

Yes they hit gold and the MCAP is still low so there is still value here but IMO the above points are the reason for the drop.

Do not underestimate point 1, that is likely the biggest reason

Hope you get there zaphod (back to break even).

Still find the 3 greyed out trades yesterday encouraging, around £25k and they were buys given the prices and times of the trades…

Either someone strongly believes in the company - or someone knows something.