Below are some of the announcement headings over the last two years and a couple of statements taken within and my comments to boot... read the actual ann for more info, all are dated... --------------------------------------------------------- 15 October 2010 "MIL RESOURCES ANNOUNCES SIGNING OF MEMORANDUM OF UNDERSTANDING WITH MAJOR CHINESE EXPLORATION AND MINING COMPANY"
YAY... -------------------------------------------------------- 28 January 2010 "EXPIRY OF SINOTECH MEMORANDUM OF UNDERSTANDING"
DOH... -------------------------------------------------------- 2 March 2011 "CAPITAL RAISINGS. The directors of MIL Resources Limited (the “Company”) are pleased to announce capital raisings to raise $4.5 million in new capital. - The offer price represents a discount of more than 40% to the share price of $0.035 as at the close of trade on 25 February 2011 -Reasons for the CR... - at the Golden Peak prospect in Papua New Guinea (PNG), continue trenching and sampling to define a drill target and if successful drill the target; - at the Poi prospect in PNG, continue trenching and sampling to define drill targets and if successful drill up to 3 target areas;"
Wow, you must be proud of a discount of 40%, well done boys.
OK, we need the money and would like to see Golden Peak and Poi drilled, let's move forward. --------------------------------------------------------- 11 July 2011 "DRILLING CONTRACT SIGNED FOR 4000 METRE PROGRAM AT GOLDEN PEAK AND POI"
Yay! --------------------------------------------------------- 29 November 2010 "DIRECTORS APPOINTMENT"
Hello Bruce, goodbye Pat. --------------------------------------------------------- 19 September 2011 "COMMENCEMENT OF GOLDEN PEAK DRILLING PROGRAM. -This drilling forms part of the 4000m drilling program targeting. -Chairman Doug Halley stated, “The commencement of the Golden Peak and Poi drilling program sees MIL enter a new stage in our activities in PNG. These are the first gold/copper projects we have drilled in PNG and we expect this round of drilling at both prospects to be completed during Q1 CY2012.”
Yay! -------------------------------------------------------- 3 November 2011 "APPOINTMENT OF CEO"
Hello Tony, goodbye Bruce (from 4 January 2012), hmm so soon? -------------------------------------------------------- 15 December 2011 "GOLDEN PEAK: HIGH-GRADE DRILL RESULTS. -• 20m @ 8.5g/t gold + 10.9g/t silver including 1m @ 154.0g/t gold + 207 g/t silver"
Yay... Hold on, just one hole successful... -------------------------------------------------------- What the!!!... 19 December 2011 "Chairmans address. -it is the Company’s intention to now concentrate drilling at the Atui porphyry copper prospect, located within EL 1642 in southern New Britain, thus changing the previously indicated drilling schedule."
WHAT ABOUT POI! We are led to believe that it is already paid for! Sheesh, I've been told by Doug that Atui is cheaper... Phew!!! -------------------------------------------------------- 19 March 2012 "APPOINTMENT OF CHIEF EXECUTIVE OFFICER"
Hello Michael, goodbye Tony... Good job, do we get a refund? -------------------------------------------------------- 20 April 2012 "SHARE PURCHASE PLAN TO FUND EXPLORATION (for Atui) - The Board of MIL is pleased to advise that broker Taylor Collison will underwrite the SPP to a maximum amount of $1,000,000"
But drilling was cheaper, Doug told me so, plus we should have already had the funds didn't we???... Ohh well, at least we should see some decent drilling take place.
At least we'll have Taylor Collison on board too. -------------------------------------------------------- 25 May 2012 "SHARE PURCHASE PLAN -Taylor Collison has advised the Company that it has terminated its underwriting commitment." DOH! -------------------------------------------------------- 13 June 2012 "DRILLING PROGRAM SUSPENDED AT ATUI DUE TO UNSATISFACTORY CONTRACTOR PERFORMANCE"
#$%@... What else can go wrong??? -------------------------------------------------------- 3 July 2012 "FOYSON TO CONTINUE DRILLING AT ATUI"
Phew, now lets get this show on the road again. -------------------------------------------------------- 21 November 2012 "SIGNIFICANT INTERSECTION OF 102 METRES OF COPPER IN MAIDEN DRILL HOLE AT ATUI PORPHYRY PROJECT NEW BRITAIN"
WHAT... ONE hole drilled lol this IS a circus... I'm glad I've paid a premium to watch this unfold... Front row seats and all. -------------------------------------------------------- 20 August 2012 "FOYSON RESOURCES EXECUTES HEADS OF AGREEMENT TO ENTER STRATEGIC RELATIONSHIP WITH TVI PACIFIC INC - Tranche 1 of 68 million shares in total equal to approximately 9.96% of Foyson’s issued capital at 1.3 cents per share raising $884,000. The Tranche 1 placement is expected to close on 24 August 2012. - Following receipt of shareholder approval, TVI has the right to subscribe for a further 160 million shares (Tranche 2) to be issued at 1.5 cents per share raising a further $2,400,000. Tranche 2 is expected to close by end November 2012."
YAY! -------------------------------------------------------- 29 AUGUST 2012 "TRANCHE 1 PLACEMENT & JOINT VENTURE AGREEMENTS EXECUTED WITH STRATEGIC PARTNER TVI PACIFIC INC"
Good job, something finally successful. -------------------------------------------------------- 26 SEPTEMBER 2012 "CALIX LIMITED EXERCISE OF OPTION TO PURCHASE MYRTLE CREEK MINE"
No way, another success. $1m in the coffers, we are definitely moving forward now. --------------------------------------------------------- 18 OCTOBER 2012 "TVI PACIFIC TRANSACTION UPDATE -TVI and Foyson have agreed to defer the date by which TVI must elect whether to participate in the Tranche 2 placement until 18 January 2013."
Uh oh! --------------------------------------------------------- 23 JANUARY 2013 "TVI PACIFIC UPDATE -TVI and Foyson have agreed to defer the date by which TVI must elect whether to participate in the Tranche 2 placement until 2 February, 2013, to allow the parties time to finalise the commercial arrangements covering the Tranche 2 placement."
DOH! --------------------------------------------------------- 31 January 2013 "DECEMBER 2012 QUARTERLY REPORT -TVI and Foyson have agreed to defer the date by which TVI must elect whether to participate in the Tranche 2 placement until 15 February, 2013, to allow the parties to finalise the necessary commercial arrangements."
Hmmm??? --------------------------------------------------------- 13 February 2013 "TRADING HALT -FOY is in the final stages of it's commercial negotiations with TVI Pacific Inc. and has reason to believe that confidential information with respect to those negotiations has been leaked to the market."
