Member Info for JDF7

Sub-1p now and assay results in the spring seem a long way away. Let us see...

Can they convert the big leads and with good financial conditions or not? And in other places, is it possible they are being seen as easy prey?

A hard knock. Something to be said about always banking some of your gains on an uptick. I remember when the sp hit 6p earlier in the year.

Another raise of funds, even if not large, at 3p per share. Let us see what the forthcoming set of assay results are and how the market reacts (or not) to them.

The final results were a good read. The line that jumped out to me was "Further funding will be needed to ensure that the exploration and evaluation activities can continue, and the project continues towards reaching its ultimate potential." At some point, post-updated JORC of Coffey and before they move on to another site, I think they will have to start talking about what the accelerator aspect of their business proposition means in substance.

Shear, good points. I expect the vibes and momentum of the team within Engage must be relatively high.

Meta reporting that it is going to run big losses on its metaverse unit for a while yet. Hope the market sentiment around this ( "Meta should stick to and sort out its core business") doesn't dampen wider sentiment to other metaverse initiatives and investments. I was half hoping we become a target for a very generous acquisition but I'm far less confident about that now.

Steady on, Torino! We have a market cap of £10m at the mo. Don't be jinxing us and filling people's heads with loose talk of 15-30-baggers! :-) Let us see if we can get to and hold a sp of 4p by end of year.....

Wow - that is some discount to Friday's closing price. I got out a while ago at what I thought was a painful loss. That said, I expect there will be some appearing later today to suggest what a bargain and opportunity the inevitably heavily falling share price now represents!

I'm keen to see what the full assay results from Phase 2 will show/prove (before end of March?) and if the thought of multiple lodes is substantiated. If not, sentiment may weigh heavily on the sp ahead of any additional results from the Phase 3 (Step Out) and Phase 4 programme.

Icepick, don't sell a single of them until the sp reaches 30p!!! ;-)

Looks like the sp is in very much a trading space. Possibly with future assay results and more importantly a road-map to a revised JORC and/or any interest from a major miner/buyer, we may see an upward re-rating in MILA's value

Volume today is just 1% of shares in circulation. Can't wait to see much higher daily levels of shares traded and hopefully at much higher share price levels.

I think Neil will be much more circumspect about how he speaks of the results, especially after the market reaction to the last set of assay results. Sometimes less emotion builds more confidence about the credibility of an outfit .

If anything significant had occurred, they would have to inform the market, no?

MasterPSI, I'd like to see the sp when we see daily buy volumes of 24m or 240m.

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.

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.

Need to take a look at the cash burn, especially given new positions created; get a sense of what happened with the pilot with 3M; consider how much money is made from licensing use of their platform for the metaversity work, and consider how lucrative or not the Engage Link offering could be ( given costs and competition). Hard details to inform investment decisions ( to add or sell-down).

Sold out at 108p having bought in at 103p. Meagre profit but a profit (£1k overall) is still a profit. Oh to have sold-out after the first Sycamore offer came in! Some type of lesson to be learned.