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Mila Resources
(LSE:MILA)
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Rating:43Neutral
Price Target:
0.99 p
▼(-34.07% Downside)
Action:Reiterated
Date:06/10/26
The score is primarily held down by weak financial performance (no revenue, ongoing losses, and persistent negative free cash flow). Technicals add further pressure with the stock below major moving averages and negative MACD, while valuation provides limited support due to negative earnings and no dividend yield data.
Positive Factors
Balance sheet strength
Zero reported debt and a ~£6.4m equity cushion materially reduce solvency risk for an early-stage explorer. This balance-sheet strength provides durable financial flexibility to fund exploration rounds or absorb delays, lowering near-term bankruptcy risk and supporting multi‑month project work.
Negative Factors
No operating revenue
A persistent pre‑revenue profile means the business lacks operating cash inflows and depends on external capital. Over 2–6 months this structural absence of revenue keeps value creation tied to successful exploration or partner deals, increasing funding and execution uncertainty.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Zero reported debt and a ~£6.4m equity cushion materially reduce solvency risk for an early-stage explorer. This balance-sheet strength provides durable financial flexibility to fund exploration rounds or absorb delays, lowering near-term bankruptcy risk and supporting multi‑month project work.
Read all positive factors
Mila Resources (MILA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£8.94M
Dividend YieldN/A
Average Volume (3M)3.08M
Price to Earnings (P/E)―
Beta (1Y)0.05
Revenue GrowthN/A
EPS Growth7.69%
CountryUK
Employees5
SectorFinancial
Sector Strength70
IndustryOther Precious Metals
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding744,657,700
10 Day Avg. Volume4,465,333
30 Day Avg. Volume3,076,206
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.70
Price to Sales (P/S)0.00
P/FCF Ratio-6.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mila Resources Business Overview & Revenue Model
Company Description
Mila Resources Plc specializes in the procurement, advancement, and discovery of mineral deposits. The company holds a 30% equity stake in the Kathleen Valley gold project, located in Western Australia. Established in 2015, its operational headqua...
How the Company Makes Money
Mila Resources’ primary economic model is consistent with an early-stage mineral explorer: it generally does not generate recurring operating revenue from selling products or services while its projects are in exploration. Instead, it typically fu...
Mila Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
58
Neutral
Cash Flow
27
Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -678.75K | 0.00 | -686.28K | -549.49K | -1.01M | -382.39K |
| Net Income | -678.75K | -800.43K | -686.28K | -549.49K | -1.01M | -382.39K |
Balance Sheet | ||||||
| Total Assets | 7.34M | 6.64M | 7.21M | 6.19M | 353.81K | 295.87K |
| Cash, Cash Equivalents and Short-Term Investments | 636.90K | 350.30K | 1.42M | 448.06K | 329.63K | 186.32K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 348.69K | 348.69K |
| Total Liabilities | 116.74K | 232.14K | 259.28K | 312.94K | 527.00K | 86.67K |
| Stockholders Equity | 7.22M | 6.41M | 6.95M | 5.88M | 5.61M | 209.20K |
Cash Flow | ||||||
| Free Cash Flow | -622.88K | -685.05K | -792.00K | -1.47M | -1.89K | -157.36K |
| Operating Cash Flow | -622.88K | -685.05K | -775.43K | -560.20K | -478.00 | -157.36K |
| Investing Cash Flow | -742.75K | -382.36K | -16.56K | -907.25K | -2.04K | -85.00K |
| Financing Cash Flow | 1.05M | 0.00 | 1.76M | 819.42K | 3.29K | 340.00K |
Mila Resources Technical Analysis
Negative
1.50
Price Trends
1.17
Positive
1.28
Negative
1.37
Negative
Market Momentum
>-0.01
Positive
43.12
Neutral
10.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:MILA, the sentiment is Negative. The current price of 1.5 is above the 20-day moving average (MA) of 1.36, above the 50-day MA of 1.17, and above the 200-day MA of 1.37, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.12 is Neutral, neither overbought nor oversold. The STOCH value of 10.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:MILA.
Mila Resources Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | £17.29M | 4.76 | 23.41% | ― | 543.02% | 30.22% | |
52 Neutral | £36.40M | -15.52 | -27.93% | ― | ― | 41.22% | |
43 Neutral | £8.94M | -10.00 | -9.96% | ― | ― | 7.69% | |
43 Neutral | £14.32M | -1.13 | -19.23% | ― | 7.43% | -51.54% | |
31 Underperform | £4.94M | -0.48 | -59.12% | ― | ― | -161.57% |
* Financial Sector Average
GB:MILA
Mila Resources
1.20
0.48
65.52%
GB:FIPP
Frontier IP
12.75
-5.25
-29.17%
GB:MAFL
Mineral & Financial Investments
44.50
16.50
58.93%
GB:CGO
Contango Holdings Plc
0.73
-0.30
-29.27%
GB:PNIX
NFT Investments PLC
1.20
-4.05
-77.14%
GB:EGT
European Green Transition Plc
13.50
6.75
100.00%
Mila Resources Corporate Events
Business Operations and Strategy
Mila Resources deploys AI to drive next drilling phase at Yarrol gold project
Positive
Aug 3, 2026
Mila Resources has launched the next phase of drilling at its Yarrol Gold Project in Queensland, building on approximately 5,000 metres of prior drilling that confirmed the continuity and open-ended nature of the gold system. The company is using ...
Business Operations and StrategyExecutive/Board Changes
Mila Resources Grants Management Share Options Equal to 12% of Share Capital
Positive
Jun 26, 2026
Mila Resources has granted a substantial package of share options to its senior management team, including the chairman, chief operating officer and a non-executive director, as part of an equity-heavy remuneration strategy. The options, which ves...
Business Operations and Strategy
Mila Resources Launches First IP Survey at Monal Gold-Copper Project in Queensland
Positive
Jun 22, 2026
Mila Resources has begun its first induced polarisation geophysical survey at the Monal Gold-Copper Project in Queensland, marking a key step in defining porphyry-style mineralisation targets. The work follows recent geological mapping and samplin...
Business Operations and Strategy
Mila Resources Moves Yarrol Gold Project Into Resource Evaluation as Australian Portfolio Advances
Positive
Jun 8, 2026
Mila Resources has reported final assay results from a 12-hole reverse circulation drilling program at its Yarrol Gold Project in Queensland, confirming a coherent gold system with multiple high-grade shoots within broader zones of moderate-grade ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.