Member Info for m_wall

In a nutshell -- this is a kinda derisking RNS. The orebody is bigger than previously modelled. The 1980s data has been validated (excellent news for costs and speed). This claim about Redmoor being Europe’s highest-grade undeveloped tungsten project has been reinforced.

Are we talking about that 6 minute video they put out? Goodship put out the information in a fairly concise form. It's a complex system they've got at Yarrol. To be fair, they are doing the best they can, with limited resources. Who knows what surprises might get thrown up in the coming months.🖖 We are on the proverbial rollercoaster, remember. Up and down.

Yeah, personally I'm reasonable optimistic. I have traded at the highs, but have generally sat on my investment here with an average now of about the current asking price. Shares go up and down, mirroring the volatility of the gold price. I've been here before, many a time. Such is life. Investing is tedious at times and you don't always win, but if you are patient, it can be very rewarding.

Yeah, I'm in both tun and sml, and they are inextricably linked and will probably be joined up as one n the coming years.

Last year I parked money here like I did with Greatland Gold during the last decade from 2014. I don't think think Mila is going to rival Greatland Resources as it's now called, but it has the potential for recovering a pretty decent amount of gold in the near-future, easily rivalling JAN. Plus it's in a tier one region. JAN isn't.

The Gold system is at least continuous along the 20km strike— gold-bearing structures will lots of targets run from surface down to around 300m. Deeper drilling didn't hit the grades, so far.

The longer wait might perversely do some good as gold and Precious Metal prices settle (hopefully) over the next week or two. If Iranian strikes happen, then commodities will no doubt rise again, including PMs.

He disposed just under 21 million shares.

The so-called parabolic rise in gold was unsustainable, and it didn’t take much to spook the markets, especially the long players sitting on big profits and those on short positions. The other PMs followed suit because they’re not very liquid markets. I never expected gold to get to $5000/oz until at least the summer/Autumn to be honest. The precious metals mania needs to calm down for a while so a heavy dose of reality can enter proceedings again. It still looks like gold with be pushing §10,000 /oz by the turn of the decade though.

Remember, Mila submitted a larger number of samples than they had originally planned -- their geologists saw many newly defined zones in the drill core. That may also be adding to the delay, as well as the holdups in general in Australia. If the upcoming assay results are very good, and the gold price keeps on rising, Mila will be one of most attractive junior takeover targets in the Queensland region. The big miners must be awash with cash.

I can understand your enthusiasm, but this reeks a bit of 88E. Just be careful. There is probably money to be made in the short term,I grant you that However, the directors win as long as they keep the deals moving and farming out the risk. They get a 12.5% management fee on top of their very high salaries. Their employee benefit trust is also highly dodgy -- that's nearly 400 million shares going to them at shareholder expense if they reach certain milestones. Good luck. Hope you make a lot of 💰. Lol.

I agree with a lot of what you say. If you had got in for 3p, like Lansdowne, then your shares are more than likely worth holding on to. I got in for a 'similar' price and am still here with a much reduced holding, but still a reasonable amount, multiples of the market size, stuck in an ISA.

Abiding to that 29.9% ceiling has enabled these two (virtually) private equity groups to NOT pay us retail shareholders a premium in the event of a takeover at 30%. That's why I've sold out my 'free shares', leaving some money on the table, so to speak. Obviously dilution was another factor, especially those B shares. These private equity groups have got the mine on the cheap, and their allegiance isn't to us, as shareholders, either. Sure, there's the possibility that the SP can still rise over time, which is why I've kept a small holding here.

I've heard figures like 25p being bandied about, so the multiplier effect you talk about will have more significance the more shares you've got. However, at this point in time, I'm not going to make a forecast, so who knows what's coming. It may find its own levels that are significantly higher. I do remember what happened at Sirius Minerals, though, like I said in the past here

You have got to factor in the gold price in 2026, which is why I am a long-term holder here, no matter how the SP bounces about. I'll admit to trading at the highs and buying back more, even now. Once gold goes over the psychological $5,000 an ounce and higher, you might start seeing a lot of interest in promising junior miners from the bigger gold players, especially those in safe locations -- Australia being one of them, obviously.

I've traded Mila a number of times, but am a long-term holder as well, due to its relatively safe jurisdiction,

I'd be a bit wary of Brazil personally. It's alright if you are just trading JAN in the short term.In 2026, to quote a well-known publication, "Brazil is expected to experience significant civil unrest, primarily driven by rising crime rates and public concerns over security. The political landscape is polarized, with debates over public safety becoming central to the upcoming presidential election, as citizens demand effective solutions to violence and organized crime"

It's the main market, believe it or not.

True, but it's the same as it ever was.

There are about 195 million exercisable warrants at tuppence, expiring in November 2026.

The bridge loan will help them to fund the restart of operations in Q1 of 2026. Even the CLN conversion lowers risk, making the company's balance sheet look much more respectable. The major investors are indicating they have confidence in the company, no doubt because of the big rises in the prices of tungsten and tin. Yes, the bridge loan is expensive, they have not got solid project financing yet, and there will initially be dilution, but the share price may be multiples of what it is today by the end of Q1 2026. If you want more certainties in life, then buy glencore.