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HarChris, yes it is a start. But there are many, if not a majority of private investors are steeply underwater here. "Jam tomorrow" talk wearing thin whilst the Whelans eat a good portion of the still low revenues as salaries to themselves.

HarChris - nice ambitious target for us private investors - let's get back "over a penny"!?!

Let us see when the Heritage Clearances are granted in reality. It is quite clear that the process and relationship-building to secure them are not simple or beholden to the Board's predictions. Will be good when we get an RNS that says that the Clearances have been secured and that X drilling targets will explored during Y period.

Its going to way way more than one trading update to get a solid re-rate on this. Signing a few multi-year contracts with 7 or 8 figure annual payment sums would help.

Only £5m?! Such an underwhelming effort.

HarChris, is the market wildly irrational or are we wildly delusional? Despite my investment here, I can't put my hand on my heart and say I am impressed with the BoD and its ability to convert talk of partnerships and tech developments into hard revenue. Potential and reality, in most fields of life, are two completely different things. We all have mates who were good enough to have played for England or Brazil but...! Hope the Whelans can turn this around but feel like the cushion of their salary payments undermines the energy to get enriched far more from sp improvements. I hope I am completely wrong.

ChartaRex - what do you think Ordinary Resolution no. 4 in the AGM is about and what do you make of its timing?

Daniel, last we heard, Liontown were proceeding in a measured and thoughtful way with tribal groups to secure heritage approvals and keep them onboard. What makes you say drilling will be "very very soon"?

Hi Longfell, what makes you think the Whelans are doing a good job? The long share price decline suggests that the market isn't convinced on the company's management or its ability to deliver.

Good to see Vinay Kumar's sizeable buy.

Not quite sure what to make of these results or the hopes that the BoD for new product development. Suppose it is good that relationship with blue chip companies remain steady and that they are still debt-free and cash-generative. But when will the tide turn significantly and the sp rally?

Shocked to see people are still in and pumping MIRI. How much is the CEO getting paid versus the revenue? And how has the share price performance been in the last 24, 18, 12 or even 6 months period?

Things are afoot....

The market is not convinced. Liontown need to deliver on the heritage agreements and start drilling for there to be a reversal in sp decline. Data and plans from Yarrol and Mt. Stedman will be completely discounted in absence of palpable action by Liontown. Let us see if the promised improved news flow happens and affects market sentiment around MILA over the next three quarters. Thought it was quite poignant that the chair defended not purchasing shares this year with reference to his portfolio having a hard time and the need to diversify. MILA is still not a one-way bet, even for him who knows far more than us.

Good that they have made a commitment to improve their communication with investors and to ensure they update the market regularly in the next 6 to 9 months. Appreciate the Chairman's frankness about the high sensitivity and sequential nature of heritage-related talks and permissions that Liontown are pursuing professionally.

And on the downside: CFO/ED departing, Board saying nothing on the multiple risk of its dependence on Liontown's unclear schedule for drilling MILA's block, soft messaging around the challenges and unexpected delays with tribal approvals, lack of Director buys for all of 2024 ( despite the supposed complete undervaluing of company) and no delineation of how, in practice, value will be unlocked from new acquisitions whilst the BoD prioritising waiting on Liontown (given that MILA seemingly isn't going to commission any drilling itself). Overall, the market is not convinced that MILA will be able to deliver value and the share price declines reflects this scepticism. Hopefully, the company will prove the market wrong.

I wonder what positive spin some will be put on this RNS. Shame it contained no details on the successor selection process or timing. Still waiting to see if Directors make a purchase of even a single share among themselves this year.

Given the MILA Board's complete silence on all things since March, I hope they do investors the courtesy of a thorough and detailed update, and that they minimise aspirational-hype that is delinked from details of what actions have actually been taken over the last seven months and with what effects or results. And yes,then post update, let us see the extent ( or not) of Director buys.

Daniel, what we'd all like to see and what we get are frequently very divergent things. Returning to my simple earlier point - it is not encouraging that the Directors haven't bought a single share among themselves this year. Want to see progress with MILA but feel increasingly relieved that they are a minor stake in my portfolio.

Liontown report underwhelming and the market not impressed ( down over 4%). In-between the lines, it seems like they are treading water on any expansion activities until lithium prices recover and trying to stem their cash outflows. MILA better have more arrows in its quiver to fulfil its claim of being a discovery accelerator than relying on Liontown, imo.