Member Info for Piscator1

The thing to remember with all mining stocks is that the biggest gains for investors are during the exploration phase, as per the Lassonde Curve, which should be essential reading for anyone new to the sector.Once going into production an enormous amount of capital is required, with the dilution that goes with that, so this is the perfect time to be invested in MILA imo, given the recent pullback and the assays that await us.

Baileysea, Covid was a factor for GGP, but looking back at MILA’s drilling results from May to July some of the grades are comparable with what GGP was finding back in 2020, and at very shallow depths. That gold has not gone away and the resource will be constantly expanding as further assays are presented. The price of gold is now well over double what it was during GGPs big bull run, and MILA’s market cap is only £10.4m, so what’s not to like?

People who are spreading fear or being influenced by the derampers should remember that when GGP ten bagged in 2020 there were plenty of pullbacks like this.

Do you see our TR1 shareholder panicking? No, he’s bought more and his track record is impeccable.

It’s just the market makers doing what they do best imo. Shaking out weaker holders ahead of the big rise that should follow when the next set of assays are issued. The trades certainly don’t justify this morning’s mark down.

I find it hard to believe the sheer stupidity of anyone who sells this stock whilst it is down at these levels. Don’t they realise that the company has now found more gold than it had when the share price was in the 2.7s and has a lot more cash in the bank owing to the take up of warrants? Plenty more assays to come and the possibility of a windfall from the sale of the Kathleen Valley assets makes it a complete no brainer imo.

Good to see that our TR1 holder has bought the drop. Follow the money….

You forgot to mention that the company is now very well funded, thanks to all the warrant exercises. Will try to go through them all this afternoon and see how much, but certainly enough to do a lot more drilling.

I guess the market makers saw stop loss orders and went hard for them. Expect a strong recovery as the day progresses, and the next batch of assays gets reported. I’ve added at 2.28p

Ah …finally got filled at .2778

Must be in auction as I can’t get a buy quote, despite repeated attempts.

I think an update is nailed on prior to the AGM, given the use of the word ‘imminent’ in the latest RNS.

Not yet, but the TA indicators are all moving in the right direction for further gains.

Well there’s the tick up in the bid. Perhaps the market makers are reading this board 😂

The market makers are taking the p*ss here with the spread, given that most of the trades shown as sells are bed and Isa’s, but it hasn’t deterred buying so why don’t they increase the bid? I guess they’ll have to soon with this level of demand for the stock.

Good to know how supportive they are of their mining industry: https://mining.com.au/jumping-for-queenslands-resources/?utm_medium=email&_hsenc=p2ANqtz--j3mpMRm-o2wVncOPcJSJE4O5dkiOqWcXA4JmPcfNcDXEtZdoa8lc8e_KZLDSilwfMvBOdXkiO8wLydYEEH_6DfYAghL3OWU-A3uh6ibwj7TS0lQ0&_hsmi=17666587&utm_content=17666587&utm_source=hs_email

Does lse have a problem with its data feed? There’s only four trades showing here today but there are seventeen on ADVFN and some are pretty lumpy buys.

Anyone having any doubts about this stock needs to have a look at the chart for GGP: https://www.lse.co.uk/ShareChart.html?sharechart=GGP&share=Greatland-Resources&chart=historical

It ten bagged in 2020 when it was at a similar stage in its development to MILA yet the price of gold is now many times higher. The lassonde curve then kicked in as it went into production with all the fundraising that was needed to go into production.

MILA is now very well funded to keep drilling and could well emulate GGPs big bull run imo.

Gold holding well above $4000 an ounce this morning, so stocks like this are the only safe haven amongst a market meltdown imo.

Seller has obviously cleared, so it is rapidly returning to where it should have been ahead of drilling results. Gold on a tear again this morning too.

MILA has put out seven of them in the last two months. Helps catch the traders out.