WARNING, this share is so speculative do not even think about buying it unless you can afford to throw your money down the toilet.

The Group's principal activity is international mining development and investment. Toledo Copper Corporation plc was introduced to the AIM market on the 5th April 2004 via a Placing of 166.6 million shares at 1.5p each. The funds raised will contribute towards a feasibility study with Atlas Consolidated Mining and Development - a company based in the Philippines and quoted on the Philippine stock exchange. That study will determine if the Philippines-based Toledo Copper Mine, in which TCU has a right to acquire a 40% stake potentially worth 316 million US dollars, can be re-opened

There are 453.7 million ordinary shares of 0.01p each in issue.

Major Shareholders (as at 18th April 2004): RAB Special Solutions LP, 96,000,000 shares (21.16%); Resources Investment Trust plc, 77,000,000 shares (16.97%); Chrisilios Chris Kyriakou (Dir), 50,000,000 shares (11.02%); Sierra International Services Ltd, 50,000,000 shares (11.02%); Craggan International Ltd, 30,000,000 shares (6.61%); Golden Dragon Trading, 20,000,000 shares (4.41%); Wai Yip Investments Ltd, 20,000,000 shares (4.41%); and Hartford Investment Group Ltd, 15,000,000 shares (3.31%).

TCU Director Merfyn Roberts is an 18% partner in Absolute Resources LP, which holds 10,000,000 Ordinary Shares. The Company has also granted the Directors options to subscribe for a further 17,500,000 Ordinary Shares at 0.02p per Ordinary Share at any time up to the third Anniversary of Admission.#

cheerrs GF.

RNS Number:1385A
Toledo Copper Corporation PLC
25 June 2004

Toledo Copper Corporation plc

Option to acquire Toledo copper mine

As envisaged in its AIM admission document dated 2 April 2004, Toledo Copper
Corporation plc ("TCC") has entered into an agreement with Atlas Consolidated
Mining & Development Corporation ("Atlas"), a company quoted on the Philippines
Stock Exchange, under which it has the option to acquire a 40 per cent. interest
in the Toledo copper assets currently owned by Atlas. In order to earn the full
amount of the interest, TCC will have to make payments and loans up to US$ 28
million to fund in part the development of the Toledo copper mine, including
final feasibility work, the equity component of the project funding and other
related costs.

A feasibility study of the rehabilitation and re-opening of the mine is close to
completion and is currently being audited by independent consultants Behre
Dolbear Australia Limited. The study is based on a mine throughput of 42,000
tons of ore per day which, over an 11 year period, is estimated to produce on
average 100 million pounds of copper and 45,000 ounces of gold per annum from
underground block caving operations.

The Directors will assess the conclusions of this study in deciding whether to
exercise the option. The Company is currently in a selection process with a
number of financial advisers and institutions with a view to agreeing the most
appropriate funding mix of debt and equity to optimise returns to TCC
shareholders. This will include the issue of further equity in TCC.

Chris Kyriakou, Chairman of TCC, commented:

"We hope soon to announce the appointment of a project finance adviser to
achieve a beneficial financial package. Early indications from Japanese and
Chinese smelters greatly encourage the Board as this exciting project develops."

25 June, 2004

Enquiries

Chris Kyriakou, Chairman

Tel: 0870 010 6044

cheers Gf.

A bit of history...................
The Toledo copper mining and processing operations are located in the Barrio
Biga, Toledo City on the island of Cebu. The site is approximately 450 metres
above sea level, 50 kilometres by road from the capital of Cebu City and 17
kilometres by road from the port at Toledo City.

Over 39 years three major open pit operations have been carried out and two
underground block-caving lifts have been mined at Toledo. Atlas has mined a
total of 667 million tons of ore at Toledo producing concentrates containing
approximately 2.56 million tons of copper, 1.96 million ounces of gold and 7.2
million ounces of silver. Current resources are in the order of 874 million tons
at 0.41 per cent. copper, with potential for discovery of substantially richer
grade ore in the tenements surrounding the Carmen and Lutopan mines.

The development of the Carmen first lift block-cave was in progress and already
producing 10,000 metric tons per day when operations were interrupted by floods
in December 1993, causing suspension of mining operations to the present day. At
the peak of production, in the period between 1979 and 1984, Atlas was mining at
a rate of 103,000 tons per day of ore with three separate concentrators in
operation.


cheers GF.

Toledo Copper Corporation PLC
26 July 2004

Toledo Copper Corporation plc

Progress on feasibility study

The company announces that the feasibility study regarding the Toledo copper
mine located in Cebu in the Philippines is on schedule and due for release
within the next three to four weeks. As previously announced the company owns
the option to acquire a 40% interest in both the mine and its assets and is
providing management services.

The Toledo mine was one of the largest mines in the world until mining
operations were suspended in 1994 (due to flooding caused by an unusually large
typhoon). Until then it had operated continuously for 40 years and earned
annual profits of up to US$ 100 million. The mine has been on care and
maintenance since operations were suspended and key managerial staff has been
retained on the payroll. Remaining reserves and resources exceed the entire
past production and the scope to locate additional higher grade ore is high,
with several prime exploration targets having been identified.

The financial projections of the feasibility study (which are subject to final
audit by international consultants Behre Dolbear) are highly encouraging and
indicate costs which are in the second quartile of the world cost curve.

Discussions are well underway for offtake and finance agreements with three
major groups consisting of a Japanese trading house, a Chinese smelting
consortia and an international trading company. All have expressed interest in
taking equity in the project as part of the financing package, if acceptable to
management.

26 July 2004

Enquiries

Chris Kyriakou, Chairman

Tel: 0870 010 6044

cheers GF.

A little more research.

http://cebuwebsite.tripod.com/toledo.html

cheers GF.

Toledo Copper Corporation PLC
29 July 2004



TOLEDO COPPER CORPORATION PLC



ACQUISITION OF NICKEL PROJECTS IN PHILIPPINES

AND NOTICE OF EXTRAORDINARY GENERAL MEETING



London 29 July 2004 Toledo Copper Corporation PLC (AIM : TCU) announces that it
has reached agreement to acquire an interest in two large nickel laterites
located on the Island of Palawan in the Philippines.

The first property, the Berong Nickel Project, is being developed initially for
a direct shipping operation to ferro-nickel smelters in Japan while feasibility
studies are conducted into a later, on-site large scale operation utilizing acid
leaching or smelting. A pre-feasibility study into the direct shipping
operation was completed by mining engineer Rescan Engineering Ltd (now Hatch
Associates Limited, Vancouver).

Acid leach metallurgical test work has been conducted on the second property,
the Celestial Nickel Project, and a pre-feasibility study conducted by
international engineering group H.A. Symons Ltd (now Amec) has demonstrated
economic viability, subject to more detailed work being carried out for a
bankable feasibility study.

Internationally, the Philippines has a very competitive edge for the supply of
nickel, being located close to the major markets and having a low cost
structure. Historically, the Philippines has a long, well established mining
history.

The Directors believe these acquisitions will complement the Company's
previously announced option to acquire a 40% interest in the Toledo copper mine
and its agreement to provide management services for that project.



Information on the Berong Nickel Project

The Berong Nickel property comprises four nickel laterite deposits (Berong,
Moorsom, Long Point and Tagkawayan) having an aggregate area of 10,659 ha.
These are located adjacent to the coast in mid western Palawan adjacent to the
South China Sea. The Company will hold a 44% economic interest in the property.
The remaining interests will be held by Australian Stock Exchange listed
Investika Ltd (20%) and Philippines Stock Exchange listed Atlas Consolidated
Mining and Development Corporation (36%).

The nickel resources within the four deposits of the property, based on 2,069
test pits (spaced at 300m x 300m) have been calculated by independent geological
consultants to be 275 million dmt @ 1.30% Ni and 0.074% Co. at a cut-off
grade-of 0.90% Ni. The resource is one of the largest in the world; possibly
the 4th largest based on contained nickel of 3.5 M tons (8 B lbs).

Extensive testing of the property was carried out during the late 1960's and
early 1970's, culminating in an independent bankable feasibility study by
Parsons Juerden of San Francisco into the development of an ammonia leach plant
producing 60 million lbs of nickel metal per year. The planned development was
shelved in 1973 due to spiralling oil prices and a declining nickel price.

A further 1,197 test pits were sunk in a selected area of 324 ha in Berong on a
50m and 25m spacing to establish the direct shipping ore content. An independent
pre-feasibility study was carried out by Rescan of Canada into a direct shipping
operation from Berong in 1996.

As part of the 1996 pre-feasibility study of Rescan, John Nillson, an
independent Canadian consultant, estimated the ore reserves within the selected
area to be 2.105 million dmt @ 2.3% Ni. At a cut-off grade of 2.0% Ni, the
estimated indicated resource within the selected area was estimated to be 4.2
million dmt @ 2.3% Ni. At a reduced cut-off of 1.8% Ni, the resource increases
to 7.0 million dmt @ 2.1% Ni, a grade that is currently acceptable to the
Japanese ferro-nickel producers.

Initially the focus of the Company's activities will be the development of a
direct shipping operation from the selected area at Berong. The first shipment
is scheduled for March 2005.

The 1996 Rescan pre-feasibility costs have been updated and the estimated
funding requirement to positive cash flow is US$6 million. The operating cash
break-even cost of the direct shipping operation is estimated to be $1.30/lb of
payable nickel, or 35c/lb of contained nickel, which at 300,000 tpa, will be
approximately 15 million lbs per year. It is expected payment will be 25% of
the LME price, FOB basis, on the contained nickel.

Negotiations for sales agreements are well advanced with Japanese ferro nickel
smelters via Japanese trading companies. Once operations have commenced, it is
the intention of the Company to expand production to 500,000 tpa at an
appropriate date.

The direct shipping project is planned to generate a significant cash flow.
Part of this cash flow will be utilized to fund the Company's ongoing program of
completing a bankable feasibility study into a subsequent large scale (+50
million lbs/year) operation, for which four development options have been
identified.

A direct shipping operation, similar to that planned by the Company, has been
conducted in Palawan for the past 25 years at Rio Tuba, where the construction
of a $200 million HPAL processing plant, by the Sumitomo consortia, is almost
complete.

The consideration for the Company's 44% economic interest in the Berong Nickel
Project will be satisfied by the Company issuing 150 million fully paid ordinary
shares to the vendors and the payment to them of US$400,000. The Company will
also commit to advance by way of interest free loan, US$2million to the project
to be utilized for exploration and development, such loan to be repaid out of
project cash flow.

In addition to the economic interest, the agreement provides that the Company
will be engaged to provide management services for the Berong Nickel Project.



Information on the Celestial Nickel Project

The Celestial Nickel laterite property covers an area of 2,835 ha and is also
located on Palawan Island in the Philippines. This property is well advanced
and has substantial permitting already in place. The Company will initially
hold a 52% economic interest in the property with the remaining interests held
by Brooks Nickel Ventures Inc (Brooks, 24%) and Celestial Nickel Mining
Exploration Corporation (Celestial, 24%). The Company will have the right to
increase its economic interest to 71.2%.

The property has been well explored, yielding a current resource estimate of 77
million tons of 1.25% Ni and 0.10% Co within an area of 800 ha. This is
reported in a 1998 pre-feasibility study performed by HA Symons.

Metallurgical test work was carried out by Sherritt International Consultants
Inc. (now Dynatec) for suitability for a High Pressure Acid Leach (HPAL) plant,
and a proposal was generated to use this technology to produce 40,000 tons of Ni
metal per annum at a capital cost of US$ 840M (US$9.55/annual lb of capacity),
with a projected operating cost of US$1.38/lb before cobalt credits. The H.A.
Symons study is quite comprehensive, and recommends proceeding to the full
feasibility study.

Subsequent experience with HPAL in Australia has lead to wide scepticism as to
its economic viability, notwithstanding that it has worked profitably in Cuba
for decades. The process has since been refined by BHP Billiton, Sumitomo and
others and now represents a credible alternative for bringing this property into
profitable production.

However, in the last two years several new technologies have been developed,
including atmospheric heap leaching and elevated temperature vat leaching, which
together with advancements made in the metal recovery and refining process,
suggest that better alternatives to HPAL are now practical, offering, lower
capital cost, lower operating cost and less down time.

The previous operators of the property have already performed metallurgical
tests on an atmospheric vat leach with modest success, achieving a recovery of
about 65%. The Company believes that this method has excellent potential, and
that an advanced form of this technology with better recovery potential is now
available. It is proposed as part of the future program to conduct an
evaluation of vat leaching and other alternative technologies.

The property also contains indications of the presence of direct shipping ore
which requires further investigation.

The consideration for the Company's 52% economic interest in the Celestial
Nickel Project will be satisfied by the Company issuing to the vendors 75
million fully paid ordinary shares, 75 million options over ordinary shares in
the Company exercisable at 2.5p per share within two years and the reimbursement
of costs incurred by them of US$100,000. The Company will also commit to
advance US$2 million to the project to be utilized for exploration and
development. In addition, the Company will pay Celestial US$200,000 per annum
up until the time the Celestial Nickel Project commences commercial production.

The Company also holds the option to increase its interest in the Celestial
Nickel Project to 71.2% by acquiring shares from Brooks and Celestial on the
payment of further monies.

In addition to the economic interest, the agreement provides that the Company
will be engaged to provide management services for the Celestial Nickel Project.



Extraordinary general meeting

In order to provide funding for these two acquisitions as well as general
working capital, the Company will seek to raise additional equity capital.
Accordingly, the directors have resolved to call an extraordinary general
meeting, to be held on Tuesday 24 August 2004, whereat the directors will seek
authority to allot ordinary shares on a non-pre-emptive basis to a maximum of
nominal amount of approximately 1,500,000.

To more fairly describe the activities of the Company following these two Nickel
acquisitions, a resolution will be put to shareholders at the extraordinary
general meeting to change the Company's name to Toledo Mining Corporation plc.



Enquiries

Chris Kyriakou

Chairman

cheers GF.

GF

Thanks for the info.

Just been informed that Mark Watson Mitchell is pushing this one on his Wotshot.com site.

cheers GF.
ps, by all accounts he met up with the management and cannot see why the copper mine cannot re reopened and production take place. Seems to get better by the minute.

gf any news on bprg????

But evil k, said he would not buy.

he went to same meeting.

Yes he did from what I have been told but at the same time you seem to misrepresent as he said there was no reason that he felt the mine could not be seen working again and producing.

Seems to me he was a bit naffed as he didnt get his usual BIG FREE MEAL.

cheers GF.

Yes your right he did say that, i thing the odds of this being a winner are good.
cheers. Ald.

GF , is that Mr Chris Kyriakou the same Chris Kyriakou of QuikTrak (QTR) fame ? Be worth reading that thread if he is.

Also Atlas appear to have less than a sparkling track record , having been delisted from the US I think and were fined last year by the Phillipine Stock Exchange and then suspended when their cheque bounced !

Looks dodgy to me.

Goldfinger/BF,

Are u ramping again? Are u leftwingtweet in ADFVN? The reason I am asking is because a number of your followers have burnt their fingers with RAB and your hype about 1 quid pro!!! Please make money from your own hardwork and stop ramping. To everyone else, GF means Burnfinger.

Ramu

Just been informed that Mark Watson Mitchell is pushing this one on his Wotshot.com site.

cheers GF.
ps, by all accounts he met up with the management and cannot see why the copper mine cannot re reopened and production take place. Seems to get better by the minute.

GF...you're becoming ignorant!did you not read my post earlier?????

Nematode?, what post please?????????.

cheers GF.

GF , is that director the same one who has bled QuikTrak (QTR) dry then ???

Hmmm....I suspect Dil's asking a loaded question. I could be wrong of course.
regards

No tele but I suspect he probably is as Chris K of QTR started with QTR Australia which isn't a million miles fro the Phillipines where Atlas are listed. but I'm only guessing that they are one and the same.

If it is him ..... run a mile springs to mind.

OOhhhh.....500K @ 12.5% below the bid......was that GF??
regards

Massive ramping on Sharecrazy GF , maybe I'll go ask someone on there or my mate Ollie on ADVFN.

Atlas are a bunch of cowboys so joint venture seems good match.

More money needed soon.

Dil we all know of your de ramping past go away and play with the boys in the playground. Is it true that you pose as a women on other threads, naughty naughty if that is correct. Trying to get the sympathy vote I see from your actions.

Will have to ask cat, if you are male or female or indeed both.

regards GF,

see ya lovey.

Daney La Rue not back from the pub yet. Hope you didnt trip up in those high heels lol.

cheers GF.

Not tryinging to avoid the question are we Ollie or is it Slater ?

Night luv.

xxx

Oh and is it the same guy ???

And mr multi names , which post do you have a problem with as all mine are either my honest opinion or factual ?

Makes me wonder if your Sue Helen too ... I 'll get someone to look into it ... same style ... same trash.

Regards

Looks like Danny as had one too many

cheers GF.

ps, sleep it off and dont forget to take your high heels off

Same as Sue ... duck and dive.

Night Marco.

xxx

Hey danny was it drag night at your local pub?, I suppose you had to go along in a different outfit than normal, just the plain jeans and tee shirt was it for a change

cheers GF.

Dillers, please dont forget to take your false bra off, youl look a right pratt if the milk man sees you there with your full set and tash and a pair of -its in the morning

cheers GF.

see you in the morning liberatchi

Always knew you would lose it under pressure Dillers. Youve always been a sitting duck (ducky), just been biding my time patiently as ever. Is it true you are from South Wales?.

cheers GF.

Yes I am , hardly takes a genius to work that one out but out of interest who helped you ?

cheers GF.

One thing I will say in your favour is that on here and on Sharecrazy you have pointed out that its near enough a sh*t or bust investment.

Couldn't agree more.

Hey dill lovey, when it comes good I will treat you to a new dress, cant be any fairer than that. Is it really true that you dress in drag all the time????????.

Thats what Ive been told. Dont you get a few funny looks?

cheers GF.

Cant see what you see wrong in Sue Helen. Just had a look at one of her tips and have to say very impressed with the promotion and layout.

Never seen you commiting tourself to a tip on here, whats the problem, no -alls, Oh dear shouldnt have asked you that.

cheers GF.

Toledo Copper Corporation PLC
29 July 2004



TOLEDO COPPER CORPORATION PLC



ACQUISITION OF NICKEL PROJECTS IN PHILIPPINES

AND NOTICE OF EXTRAORDINARY GENERAL MEETING



London 29 July 2004 Toledo Copper Corporation PLC (AIM : TCU) announces that it
has reached agreement to acquire an interest in two large nickel laterites
located on the Island of Palawan in the Philippines.

The first property, the Berong Nickel Project, is being developed initially for
a direct shipping operation to ferro-nickel smelters in Japan while feasibility
studies are conducted into a later, on-site large scale operation utilizing acid
leaching or smelting. A pre-feasibility study into the direct shipping
operation was completed by mining engineer Rescan Engineering Ltd (now Hatch
Associates Limited, Vancouver).

Acid leach metallurgical test work has been conducted on the second property,
the Celestial Nickel Project, and a pre-feasibility study conducted by
international engineering group H.A. Symons Ltd (now Amec) has demonstrated
economic viability, subject to more detailed work being carried out for a
bankable feasibility study.

Internationally, the Philippines has a very competitive edge for the supply of
nickel, being located close to the major markets and having a low cost
structure. Historically, the Philippines has a long, well established mining
history.

The Directors believe these acquisitions will complement the Company's
previously announced option to acquire a 40% interest in the Toledo copper mine
and its agreement to provide management services for that project.



Information on the Berong Nickel Project

The Berong Nickel property comprises four nickel laterite deposits (Berong,
Moorsom, Long Point and Tagkawayan) having an aggregate area of 10,659 ha.
These are located adjacent to the coast in mid western Palawan adjacent to the
South China Sea. The Company will hold a 44% economic interest in the property.
The remaining interests will be held by Australian Stock Exchange listed
Investika Ltd (20%) and Philippines Stock Exchange listed Atlas Consolidated
Mining and Development Corporation (36%).

The nickel resources within the four deposits of the property, based on 2,069
test pits (spaced at 300m x 300m) have been calculated by independent geological
consultants to be 275 million dmt @ 1.30% Ni and 0.074% Co. at a cut-off
grade-of 0.90% Ni. The resource is one of the largest in the world; possibly
the 4th largest based on contained nickel of 3.5 M tons (8 B lbs).

Extensive testing of the property was carried out during the late 1960's and
early 1970's, culminating in an independent bankable feasibility study by
Parsons Juerden of San Francisco into the development of an ammonia leach plant
producing 60 million lbs of nickel metal per year. The planned development was
shelved in 1973 due to spiralling oil prices and a declining nickel price.

A further 1,197 test pits were sunk in a selected area of 324 ha in Berong on a
50m and 25m spacing to establish the direct shipping ore content. An independent
pre-feasibility study was carried out by Rescan of Canada into a direct shipping
operation from Berong in 1996.

As part of the 1996 pre-feasibility study of Rescan, John Nillson, an
independent Canadian consultant, estimated the ore reserves within the selected
area to be 2.105 million dmt @ 2.3% Ni. At a cut-off grade of 2.0% Ni, the
estimated indicated resource within the selected area was estimated to be 4.2
million dmt @ 2.3% Ni. At a reduced cut-off of 1.8% Ni, the resource increases
to 7.0 million dmt @ 2.1% Ni, a grade that is currently acceptable to the
Japanese ferro-nickel producers.

Initially the focus of the Company's activities will be the development of a
direct shipping operation from the selected area at Berong. The first shipment
is scheduled for March 2005.

The 1996 Rescan pre-feasibility costs have been updated and the estimated
funding requirement to positive cash flow is US$6 million. The operating cash
break-even cost of the direct shipping operation is estimated to be $1.30/lb of
payable nickel, or 35c/lb of contained nickel, which at 300,000 tpa, will be
approximately 15 million lbs per year. It is expected payment will be 25% of
the LME price, FOB basis, on the contained nickel.

Negotiations for sales agreements are well advanced with Japanese ferro nickel
smelters via Japanese trading companies. Once operations have commenced, it is
the intention of the Company to expand production to 500,000 tpa at an
appropriate date.

The direct shipping project is planned to generate a significant cash flow.
Part of this cash flow will be utilized to fund the Company's ongoing program of
completing a bankable feasibility study into a subsequent large scale (+50
million lbs/year) operation, for which four development options have been
identified.

A direct shipping operation, similar to that planned by the Company, has been
conducted in Palawan for the past 25 years at Rio Tuba, where the construction
of a $200 million HPAL processing plant, by the Sumitomo consortia, is almost
complete.

The consideration for the Company's 44% economic interest in the Berong Nickel
Project will be satisfied by the Company issuing 150 million fully paid ordinary
shares to the vendors and the payment to them of US$400,000. The Company will
also commit to advance by way of interest free loan, US$2million to the project
to be utilized for exploration and development, such loan to be repaid out of
project cash flow.

In addition to the economic interest, the agreement provides that the Company
will be engaged to provide management services for the Berong Nickel Project.



Information on the Celestial Nickel Project

The Celestial Nickel laterite property covers an area of 2,835 ha and is also
located on Palawan Island in the Philippines. This property is well advanced
and has substantial permitting already in place. The Company will initially
hold a 52% economic interest in the property with the remaining interests held
by Brooks Nickel Ventures Inc (Brooks, 24%) and Celestial Nickel Mining
Exploration Corporation (Celestial, 24%). The Company will have the right to
increase its economic interest to 71.2%.

The property has been well explored, yielding a current resource estimate of 77
million tons of 1.25% Ni and 0.10% Co within an area of 800 ha. This is
reported in a 1998 pre-feasibility study performed by HA Symons.

Metallurgical test work was carried out by Sherritt International Consultants
Inc. (now Dynatec) for suitability for a High Pressure Acid Leach (HPAL) plant,
and a proposal was generated to use this technology to produce 40,000 tons of Ni
metal per annum at a capital cost of US$ 840M (US$9.55/annual lb of capacity),
with a projected operating cost of US$1.38/lb before cobalt credits. The H.A.
Symons study is quite comprehensive, and recommends proceeding to the full
feasibility study.

Subsequent experience with HPAL in Australia has lead to wide scepticism as to
its economic viability, notwithstanding that it has worked profitably in Cuba
for decades. The process has since been refined by BHP Billiton, Sumitomo and
others and now represents a credible alternative for bringing this property into
profitable production.

However, in the last two years several new technologies have been developed,
including atmospheric heap leaching and elevated temperature vat leaching, which
together with advancements made in the metal recovery and refining process,
suggest that better alternatives to HPAL are now practical, offering, lower
capital cost, lower operating cost and less down time.

The previous operators of the property have already performed metallurgical
tests on an atmospheric vat leach with modest success, achieving a recovery of
about 65%. The Company believes that this method has excellent potential, and
that an advanced form of this technology with better recovery potential is now
available. It is proposed as part of the future program to conduct an
evaluation of vat leaching and other alternative technologies.

The property also contains indications of the presence of direct shipping ore
which requires further investigation.

The consideration for the Company's 52% economic interest in the Celestial
Nickel Project will be satisfied by the Company issuing to the vendors 75
million fully paid ordinary shares, 75 million options over ordinary shares in
the Company exercisable at 2.5p per share within two years and the reimbursement
of costs incurred by them of US$100,000. The Company will also commit to
advance US$2 million to the project to be utilized for exploration and
development. In addition, the Company will pay Celestial US$200,000 per annum
up until the time the Celestial Nickel Project commences commercial production.

The Company also holds the option to increase its interest in the Celestial
Nickel Project to 71.2% by acquiring shares from Brooks and Celestial on the
payment of further monies.

In addition to the economic interest, the agreement provides that the Company
will be engaged to provide management services for the Celestial Nickel Project.



Extraordinary general meeting

In order to provide funding for these two acquisitions as well as general
working capital, the Company will seek to raise additional equity capital.
Accordingly, the directors have resolved to call an extraordinary general
meeting, to be held on Tuesday 24 August 2004, whereat the directors will seek
authority to allot ordinary shares on a non-pre-emptive basis to a maximum of
nominal amount of approximately 1,500,000.

To more fairly describe the activities of the Company following these two Nickel
acquisitions, a resolution will be put to shareholders at the extraordinary
general meeting to change the Company's name to Toledo Mining Corporation plc.



Enquiries

Chris Kyriakou

Chairman

Is Chris Kyriakou the same guy that has done such a great job at QTR , paying himself more than the companies turnover and overseeing the parent companies demise into administration ?

Come on GF , you can tell us.

Dillers Ducky, why not tell us yourself.

Personally I dont give a jot. All the great captains of business and industry have at some time made a cock up, even including the great Warren Buffet. As for pay I think the more the better, incentives are the life blood of the new thriving British economy.

Im gambling on this one and have made that plainly clear,any mining operation is a gamble you should know coming from Wales.

Talking about gambling is it true what I have heard about you , that you made a right pigs ear of it during the dot coom boom and lost every penny?, dont think your really in a postion to advise anybody on what a gamble is or not.

What is it tonight then, down the Sheep Shaggers Arms, dressed in your saturday best drag.


LOL LOL LOL LOL LOL, I keep getting this picture of you as MANDY the part played by the late great Dick Emery.

cheers GF.

sorry folks for this off topic theme but Dil here as a reputation as a deramper, in fact Im told he or she is only on the boards because they are lonely. Never mind dillers Ill invite you up to Yorkshire and show you what real sheep are. Whats that, whats that noice?, is it a choir in the background.

GF

Yes you have made it very clear that this is very speculative and yes you have apolgised for being off theme, but do you think that you and Dil might start your very own 'slagging each other off' thread? This 'banter' is 'ramping' up by the minute, becoming nastier and does no-one any credit and clutters up what are generally interesting and informative threads.

No doubt I will be told to f**k off! LOL

Regards

PTH

Certainly not from me you wont PTH as you are right. Just wanted to point out Dils true motives.

Have a good day.

cheers GF.

gf are you still in bioprogress/That was my question????

To all posters/readers,

Please be very careful about any tips, suggestions, reports etc from Goldfinger (Oliver leftwingtweet in ADVFN). This individual receives info from brokers and is offered shares in companies at discounted prices which are subsequently ramped skyhigh - there are numerous examples like RAB, JCR etc.

Ramu

nematode,

From what I can recall goldfinger was 700,000 long on bioprogress (from one of his earlier posts). Very much doubt that is still the case as I have read elsewhere that he is now 95% in cash!

You might also want to enquire what his position is on mediwatch and rab - both appalling performers.

Goldfinger professes to be a value investor, but from what I can tell he is as short-term as the rest of us - witness how many stocks have been dropped from his January thread - afe, img, data (dropped then reinstated), svr, id data,...(I could continue) all promoted as good value stocks.

Thing is, I honestly don't attach any blame (unlike ramu) as we all need to move with the market, and those that don't shouldn't be in this game. I also think his posts are well-informed, unlike many others who just rant and rave.

You've got to make up your own mind with investments, which is why your question about what Goldfinger is up to is really complete crap.

For those new to this forum, please remember there is no easy way to get rich. Use these boards for discussion and information only. Make your own investment decisions on the basis of your own research and never buy on a tip from posters who recommend on these boards.

If not you're more than likely on the short road to ruin.

i know nothing about Goldfinger, but is opening line on the opening thread looks pretty honourable to me. Totally agree with Salfords remarks well said.

Toledo Copper Corporation PLC
29 July 2004



TOLEDO COPPER CORPORATION PLC



ACQUISITION OF NICKEL PROJECTS IN PHILIPPINES

AND NOTICE OF EXTRAORDINARY GENERAL MEETING



London 29 July 2004 Toledo Copper Corporation PLC (AIM : TCU) announces that it
has reached agreement to acquire an interest in two large nickel laterites
located on the Island of Palawan in the Philippines.

The first property, the Berong Nickel Project, is being developed initially for
a direct shipping operation to ferro-nickel smelters in Japan while feasibility
studies are conducted into a later, on-site large scale operation utilizing acid
leaching or smelting. A pre-feasibility study into the direct shipping
operation was completed by mining engineer Rescan Engineering Ltd (now Hatch
Associates Limited, Vancouver).

Acid leach metallurgical test work has been conducted on the second property,
the Celestial Nickel Project, and a pre-feasibility study conducted by
international engineering group H.A. Symons Ltd (now Amec) has demonstrated
economic viability, subject to more detailed work being carried out for a
bankable feasibility study.

Internationally, the Philippines has a very competitive edge for the supply of
nickel, being located close to the major markets and having a low cost
structure. Historically, the Philippines has a long, well established mining
history.

The Directors believe these acquisitions will complement the Company's
previously announced option to acquire a 40% interest in the Toledo copper mine
and its agreement to provide management services for that project.



Information on the Berong Nickel Project

The Berong Nickel property comprises four nickel laterite deposits (Berong,
Moorsom, Long Point and Tagkawayan) having an aggregate area of 10,659 ha.
These are located adjacent to the coast in mid western Palawan adjacent to the
South China Sea. The Company will hold a 44% economic interest in the property.
The remaining interests will be held by Australian Stock Exchange listed
Investika Ltd (20%) and Philippines Stock Exchange listed Atlas Consolidated
Mining and Development Corporation (36%).

The nickel resources within the four deposits of the property, based on 2,069
test pits (spaced at 300m x 300m) have been calculated by independent geological
consultants to be 275 million dmt @ 1.30% Ni and 0.074% Co. at a cut-off
grade-of 0.90% Ni. The resource is one of the largest in the world; possibly
the 4th largest based on contained nickel of 3.5 M tons (8 B lbs).

Extensive testing of the property was carried out during the late 1960's and
early 1970's, culminating in an independent bankable feasibility study by
Parsons Juerden of San Francisco into the development of an ammonia leach plant
producing 60 million lbs of nickel metal per year. The planned development was
shelved in 1973 due to spiralling oil prices and a declining nickel price.

A further 1,197 test pits were sunk in a selected area of 324 ha in Berong on a
50m and 25m spacing to establish the direct shipping ore content. An independent
pre-feasibility study was carried out by Rescan of Canada into a direct shipping
operation from Berong in 1996.

As part of the 1996 pre-feasibility study of Rescan, John Nillson, an
independent Canadian consultant, estimated the ore reserves within the selected
area to be 2.105 million dmt @ 2.3% Ni. At a cut-off grade of 2.0% Ni, the
estimated indicated resource within the selected area was estimated to be 4.2
million dmt @ 2.3% Ni. At a reduced cut-off of 1.8% Ni, the resource increases
to 7.0 million dmt @ 2.1% Ni, a grade that is currently acceptable to the
Japanese ferro-nickel producers.

Initially the focus of the Company's activities will be the development of a
direct shipping operation from the selected area at Berong. The first shipment
is scheduled for March 2005.

The 1996 Rescan pre-feasibility costs have been updated and the estimated
funding requirement to positive cash flow is US$6 million. The operating cash
break-even cost of the direct shipping operation is estimated to be $1.30/lb of
payable nickel, or 35c/lb of contained nickel, which at 300,000 tpa, will be
approximately 15 million lbs per year. It is expected payment will be 25% of
the LME price, FOB basis, on the contained nickel.

Negotiations for sales agreements are well advanced with Japanese ferro nickel
smelters via Japanese trading companies. Once operations have commenced, it is
the intention of the Company to expand production to 500,000 tpa at an
appropriate date.

The direct shipping project is planned to generate a significant cash flow.
Part of this cash flow will be utilized to fund the Company's ongoing program of
completing a bankable feasibility study into a subsequent large scale (+50
million lbs/year) operation, for which four development options have been
identified.

A direct shipping operation, similar to that planned by the Company, has been
conducted in Palawan for the past 25 years at Rio Tuba, where the construction
of a $200 million HPAL processing plant, by the Sumitomo consortia, is almost
complete.

The consideration for the Company's 44% economic interest in the Berong Nickel
Project will be satisfied by the Company issuing 150 million fully paid ordinary
shares to the vendors and the payment to them of US$400,000. The Company will
also commit to advance by way of interest free loan, US$2million to the project
to be utilized for exploration and development, such loan to be repaid out of
project cash flow.

In addition to the economic interest, the agreement provides that the Company
will be engaged to provide management services for the Berong Nickel Project.



Information on the Celestial Nickel Project

The Celestial Nickel laterite property covers an area of 2,835 ha and is also
located on Palawan Island in the Philippines. This property is well advanced
and has substantial permitting already in place. The Company will initially
hold a 52% economic interest in the property with the remaining interests held
by Brooks Nickel Ventures Inc (Brooks, 24%) and Celestial Nickel Mining
Exploration Corporation (Celestial, 24%). The Company will have the right to
increase its economic interest to 71.2%.

The property has been well explored, yielding a current resource estimate of 77
million tons of 1.25% Ni and 0.10% Co within an area of 800 ha. This is
reported in a 1998 pre-feasibility study performed by HA Symons.

Metallurgical test work was carried out by Sherritt International Consultants
Inc. (now Dynatec) for suitability for a High Pressure Acid Leach (HPAL) plant,
and a proposal was generated to use this technology to produce 40,000 tons of Ni
metal per annum at a capital cost of US$ 840M (US$9.55/annual lb of capacity),
with a projected operating cost of US$1.38/lb before cobalt credits. The H.A.
Symons study is quite comprehensive, and recommends proceeding to the full
feasibility study.

Subsequent experience with HPAL in Australia has lead to wide scepticism as to
its economic viability, notwithstanding that it has worked profitably in Cuba
for decades. The process has since been refined by BHP Billiton, Sumitomo and
others and now represents a credible alternative for bringing this property into
profitable production.

However, in the last two years several new technologies have been developed,
including atmospheric heap leaching and elevated temperature vat leaching, which
together with advancements made in the metal recovery and refining process,
suggest that better alternatives to HPAL are now practical, offering, lower
capital cost, lower operating cost and less down time.

The previous operators of the property have already performed metallurgical
tests on an atmospheric vat leach with modest success, achieving a recovery of
about 65%. The Company believes that this method has excellent potential, and
that an advanced form of this technology with better recovery potential is now
available. It is proposed as part of the future program to conduct an
evaluation of vat leaching and other alternative technologies.

The property also contains indications of the presence of direct shipping ore
which requires further investigation.

The consideration for the Company's 52% economic interest in the Celestial
Nickel Project will be satisfied by the Company issuing to the vendors 75
million fully paid ordinary shares, 75 million options over ordinary shares in
the Company exercisable at 2.5p per share within two years and the reimbursement
of costs incurred by them of US$100,000. The Company will also commit to
advance US$2 million to the project to be utilized for exploration and
development. In addition, the Company will pay Celestial US$200,000 per annum
up until the time the Celestial Nickel Project commences commercial production.

The Company also holds the option to increase its interest in the Celestial
Nickel Project to 71.2% by acquiring shares from Brooks and Celestial on the
payment of further monies.

In addition to the economic interest, the agreement provides that the Company
will be engaged to provide management services for the Celestial Nickel Project.



Extraordinary general meeting

In order to provide funding for these two acquisitions as well as general
working capital, the Company will seek to raise additional equity capital.
Accordingly, the directors have resolved to call an extraordinary general
meeting, to be held on Tuesday 24 August 2004, whereat the directors will seek
authority to allot ordinary shares on a non-pre-emptive basis to a maximum of
nominal amount of approximately 1,500,000.

To more fairly describe the activities of the Company following these two Nickel
acquisitions, a resolution will be put to shareholders at the extraordinary
general meeting to change the Company's name to Toledo Mining Corporation plc.


cheers GF.

GF

This is the third time you have posted these details. Any particular reason?

Regards

PTH

Got an answer yet nematode? Did you get your fingers burnt on GF's BPRG tip? -------- Join a long queue. Did you get them burnt on RAB, TMG, JCR, IDD, ZOO? The list is endless. The game is up for GF/Oliverleftwingtwit/Slater and whatever other names he posts under. Get wise before you get burnt again.

Jealousy strikes again, never mind Dils pal. Here we go here we go here we
go, a sheep shagging a sheep shagging here we go. LOL LOL LOL LOL LOL LOL LOL .

Dillers out there are you?. Ive got a special message from one of your freinds during the bot com days.

cheers GF.

Dunbarton = crazyWomen on SharerCrazy. Check it out.

Thick woman who hasnt a clue. Poor lass, dreams of a lover called scott.

In need of quick treatment, can anybody help, prefarably a guy, a quick ---- Im am sure would sort her out.

You game dillers or is it just blokes and sheep with you?.

The Group's principal activity is international mining development and investment. Toledo Copper Corporation plc was introduced to the AIM market on the 5th April 2004 via a Placing of 166.6 million shares at 1.5p each. The funds raised will contribute towards a feasibility study with Atlas Consolidated Mining and Development - a company based in the Philippines and quoted on the Philippine stock exchange. That study will determine if the Philippines-based Toledo Copper Mine, in which TCU has a right to acquire a 40% stake potentially worth 316 million US dollars, can be re-opened.

cheers GF.

Gf, nothing wrong with pointing out potential and rich pickings. The point is that many of your stock suggestions are highly illiquid and volatile. The mining, biotech and tech stocks that formed the basis of you Jan thread have all tanked by about 50% (or more) and many new punters have been severely burnt as a result.

Your credentials are as a value investor, yet many of your recommendations are high-risk, which seems like a contradiction in terms to me.

I also think you clearly appreciate the power of these boards to influence price movements and use them to your advantage at times. But maybe I would, too, so no real criticism there.

Personally, I think you are a more high-risk player than you let on, focusing on new issues, recovery plays and momentum stocks - but that's just my impression without any insight into your full portfolio.

Anyway, glad to see a full health warning on this particular share - the innocents and new investors need to be reminded of the risks if they are not to lose their houses, marriages and kids.

Good post salford. I don't come on this bulletin board to throw nasty personal insults at other posters and make suggestive remarks about their sexual preferences. I think I'm entitled to point out the pitfalls of rushing to throw money at volatile shares. I'm not crazyWomen, and I don't have a clue who dillers is. I think nematode asked a reasonable question and didn't get an answer.

Salford you obviously dont do your research properly and give a one sided biased view. If investors had gotten out of the stocks when I pointed out in late feb and early march they would be sitting on profits on these losers you try to point out.

I also note theres no mention of Caldwell went to 412%, Sporting bet went to 405% Xp Power and still in it going on for 2 bagger plus, Fayrewood and still in it and on for 2 bagger plus and a whole host of others, eg, data cash up 110% etc, etc.

I also pointed out and this is another thing you seem to devoiously have not mentioned that on the whole I am a value investor but I was not going to let slip the momentum opporunities available at the time slip away. Its all there salford but please by all means carry on your petty attack, people will see through you.

The Group's principal activity is international mining development and investment. Toledo Copper Corporation plc was introduced to the AIM market on the 5th April 2004 via a Placing of 166.6 million shares at 1.5p each. The funds raised will contribute towards a feasibility study with Atlas Consolidated Mining and Development - a company based in the Philippines and quoted on the Philippine stock exchange. That study will determine if the Philippines-based Toledo Copper Mine, in which TCU has a right to acquire a 40% stake potentially worth 316 million US dollars, can be re-opened.

cheers GF.

Dunbarton

I wouldn't feel to sorry for Nematode, (nothing personnel), in his excitement, he ramped Bioprogress no end earlier on this year. Exactly the sort of behaviour I was talking about on 'BBs - A double Edged Sword?'
Regards

PTH

So did GF and was still a buyer at 110p on the way down and telling everyone it couldn't get any cheaper , which seems to contradict his earlier post.

I am not suprised that nemotade didn't get an answer.

LOL LOL LOL LOL LOL LOL, nematode got an answer days ago.

By the wy Dil, just been reading a few interesting posts over on the other big board on you by someone called The Count.

This chap doesnt seem to like you, is it true what he says about you??????????????.

Should I post a few extracts?????????????????????. That would be an eye opener.

Looks to me like you have a murky past Dil.

The Group's principal activity is international mining development and investment. Toledo Copper Corporation plc was introduced to the AIM market on the 5th April 2004 via a Placing of 166.6 million shares at 1.5p each. The funds raised will contribute towards a feasibility study with Atlas Consolidated Mining and Development - a company based in the Philippines and quoted on the Philippine stock exchange. That study will determine if the Philippines-based Toledo Copper Mine, in which TCU has a right to acquire a 40% stake potentially worth 316 million US dollars, can be re-opened.

cheers GF.

Dear All,
I must be missing something crucial here because isn't each individual responsible for buying and selling there own shares. I think you can only take what is said on these boards with a pinch of salt and do you own research. Then and only then should you decide YOURSELF whether the shares are worth have value and you can accept the potential downside.
People are allowed to have their OWN opinions but these are very much their OWN opinions and DO NOT consitute advice.

Stop whining and lets get on with disseminating useful information about companies

James
aka DonlanJa

Well we all missed the answer GF , when exactly did you throw the towel in on BPRG ?

I have no problem with the Count and respect his views (unlike yours) but we can't agree with everyone all of the time.

Seem to recall you name calling on the BPRG thread when I didn't agree with your views , about time you grew up.

Roger and out.

LOL, dillers, the count doesnt like you and thats for sure. Just what was this dodgy dealing??????????????????????????, I would love to know.

Well said James couldnt agree more, people recommendations are a starting point only, just like pro tipsters tips.

Anyone who buys and doesnt check the business out is a fool and in my opinion deserves to get stung.

Well done excelent point.

cheers GF.

And when someone does and points out a few facts that may have passed you by the out of the pram goes dolly.

And re the Count , don't know what the fcuk your onabout and I very much doubt if he does either.

Not what Ive heard from Cat dilbert old boy. In fact exactly the opposite.

Where is it tonight mate, draggers down at the Derampers Arms LOL LOL LOL LOL.

The Group's principal activity is international mining development and investment. Toledo Copper Corporation plc was introduced to the AIM market on the 5th April 2004 via a Placing of 166.6 million shares at 1.5p each. The funds raised will contribute towards a feasibility study with Atlas Consolidated Mining and Development - a company based in the Philippines and quoted on the Philippine stock exchange. That study will determine if the Philippines-based Toledo Copper Mine, in which TCU has a right to acquire a 40% stake potentially worth 316 million US dollars, can be re-opened

There are 453.7 million ordinary shares of 0.01p each in issue.

cheers GF.

Spoken to either of them recently GF , Cat or the Count .... in fact ever ?

How many other imaginary friends you got ?

WHOOO I do like it when you get mad and lose your rag, you sound so sexyyyyyyyy.
"But I like you" MANDY.

LOL LOL LOL LOL LOL LOL .

Personality disorders can be treated , good luck.

I'd say this is speculative in the extreme and I'm rather perturbed by the by the fact 79% of the stock is placed with those noted in the header. Far too illiquid and I've never seen such a dubious sounding lot of "investment" groups.

Another dog until it proves otherwise and wouldn't touch it.

Thanks, but no thanks.
Al
;-)

Gf,

I hope I'm not being petty. All I'm trying to do is point out some inconsistencies in your approach. You claim you are a value investor but most of the stocks you tout are high risk. BPRG was (and is) a shockingly high-risk investment, as indeed was RAB due to the fact that it was a recent issue and very illiquid.

I also seem to remember you saying that IMG was still a good long-term investment but then almost the following day you sold the lot. So I ask you is IMG a good value investment with an increasing EPS or not??

Don't get me wrong, we all need to move with the market and I do accept (as I mentioned before) that your posts are informative and well researched, but you must accept surely that you did use these boards to pump up interest in RAB and some other stocks. Come on admit it, it was on every board with a prediction of doubling in value short-term....!

This particular share (TCU) is closer to the horses than to an investment. OK, high risk, high rewards, I accept that, but many of the many thousand of people who access these boards do not necessarily appreciate this. All they see is an experienced investor posting a lot of info saying that this or that share is undervalued and has great potential.

You know the score in this game. The professionals always win and the amateurs get screwed. Maybe youre right and those first time-investors do deserve it because they havent done their own research. Personally I think thats bollocks and deep down I think you do, too.

Having said all this, Ive just posted a recommendation that someone invest in Bur. Perhaps its just the slippery slope that many hours looking at a screen and thinking about money brings about?

salford - nicely put.

I think BUR has a slightly better chance than TCU of making punters money though.

Another good post salford.Thanks.

Sorry Salford but you havent given one little bit of evidence and if in fact if you did I am sure it would be well out of order.

Fact is that cowards like yourself never ever put forward any recommendations, lets face it you dont have the balls, and thats the truth.

And heres the evidence, not one share recommended by big boy salford, what a coward you are. Run away from little kids do you????????????????????.

Your PATHETIC and heres the evidence, lets start showing the evidence on NANCY BOYS like him............




Search Results


Started by Topic EPIC Creation Date Articles
#

goldfinger TOLEDO COPPER, One Heck Of A Speculative Share, But It Might Just Come Good.
TCU 29/07/2004 77

scenicroute Whats Happening To Coffee Republic
CFE 14/07/2004 2

pwmiles Burren Energy -- Turkmenistan, Tankers and the Congo
BUR 12/02/2004 50

scorpion Bioprogress
BPRG 13/08/2003 777

mickeyskint OILS are they a gamble or an investment
HRN 3/08/2004 3


Yes think you know what i am getting over about the little man.

Sorry Gf,

Can't follow your logic.

I just tried to make a few considered points. If I'm wrong, please let me know in what way. No need to call me a 'little man' for expressing an opinion.

Your post above, and a few others before, are bordering on the insane. I honestly think you're lost in cyberspace, building your empire of 's and respect, which are really one and the same to some.

Anyway, not posting again, no point really.

Only reason I spoke up is for those that are in the poor house ... but as you say, maybe they deserved it.

Great salford see you.

Just reread your post with the accusation of 'no evidence'.... so my recommendation is (for the coward) BUR.

Let's see how we go in respect of TCU - might even post next week on the difference. After all Bur is a good value stock and TCU ... well, tails you win....etc...

Im deeply upset that I have upset you salford, I did not wish to do that. My sincere appologies. I hope that we can put this behind us and be freinds.

regards GF.

Gf,

Lost on the insanity of it all.

Yea, I love you too, and by the way have you seen by hairy backside.

Is goldfinger a conspiracy. What do you think? Are we speaking to a person or to a group - possibly a group of madmen, or a group of moneymakers??

Funny, I came to this board thinking I could relate - give and take if you like. Now I see that it's all contrived. Big (huge) stakes at issue, people who would sell their souls for a bit of profit.

I know it's late but I've just realised we'aint got a f***ing clue who're speaking to on these boards.

Yea, OK, me dad's got a view. Let's post it as Salford. OK buy chips today, eggs are out the question ...EPS and yeild an'all.

What is a value investor promoting a share like TCU - Can't you see the double-standards.

What do you think folks??? Who's posting and who's real.

(EDITED MONEYAM)....apologies for the language but just realised the conspiracy.

Goldfinger/Salford,

We seem to have spilled over late last night into personal abuse from both sides - any further infringements will result in 24 hour loss of Bulletin Board access.

Regards

Ian

I know this is a specltive share but some were purcased in May when the price was under 2p.
I am aware of this is why the were bought initally RE: the were fetured in penny share foucs for that mth as highly speclitive (only for widows &orphens ) it was the same when I purchesed griffin mining off the same sheet & they came good but had to wait almost 2 yrs for them to show growth of any kind lets see if they do the same.
we can do without comments of dome & gloom even if they may be true at present!!

If the Nickle mine aquisition in Palawan is genuine and I cannot understand how...Then this share MUST rocket.
Of that there is no doubt.
Thing is..Why has Atlas sold its crown jewels so cheaply??
The nickle alone is worth around 14 billion.

Over to you Goldfinger/slater, Why?

Just wait and see. I have flagged it up as very speculative. Nowt more I can do the rest is up to you. See header top.

You could be left with nothing yes I admit, but then.........

cheers GF.

Looks like some big buying going on here.

cheers GF

Only a few small trades showing on my monitor.

Yes CW.

well here is some news for you. its monday already over here.


Monday, August 16, 2004

Reopening of Atlas a '70 percent probability'

By ALEDEL G. CUIZON
Sun.Star Staff Reporter

TEN years ago today, Atlas Consolidated Mining and Development Corp. (ACDMC) shut down mining operations in Lutopan, Toledo City.

The company was one of the worlds largest copper suppliers, but low copper prices, labor problems and ballooning debts forced its closure in 1994.

ACMDC stopped operations and was unable to give many workers their separation pay. It also incurred huge tax debts with the Toledo City Government.

Now, ACDMC has an agreement with a foreign company that might bring back mining operations either late this year or first half of next year.

But money is still the biggest factor. The company needs at least US$120 million to rehabilitate. The amount does not include yet the companys arrears, obligations to creditors and taxes.

Resident manager Rodrigo Cal told Sun.Star in an interview that there is a 70 percent probability for operations to resume.

Cal said that even with its current situation, the company still has a lot to be thankful for.

We are thankful that after 10 years, the company survived. It still exists as a mining company although mining operations are suspended, he said.

ACDMC has signed an agreement with Toledo Copper Corp., which intends to revive mining operations.
Toledo Copper, a company listed on the AIM Board of the London Stock Exchange, agreed to invest $28 million in exchange for a 40 percent interest in ACMDCs copper mine.

An earlier statement from the company said the revival of the copper mines could mean export earnings of $2.2 billion over 20 years.

Toledo Copper and ACMDC have just finished a feasibility study, which determined the current situation of the company and if it could still function.

Raw quotations, including those of imported equipment, were used. The study will be shown to potential investors.

Rehabilitation, however, will not cover all of ACMDCs mining facilities. It will only be at the Carmen underground. There will be no more open pit mining.

According to Cal, open pit mining is costlier than underground mining. He pointed out that underground mining can operate at $0.60 per pound of copper while the open pit would operate at $1.05.

Demand up

Cal said there is still a substantial amount of copper ore in the mines. The Carmen underground alone has 132 million tons of copper ore.

He said the demand for copper is high these days, with China as the biggest market. The company is also negotiating with Japan, which used to get its supply of copper from ACDMC.

Copper price in the world market is $1.30 per pound. In 1994, it was just at $0.60-$0.65.

If the company gets back in business, it would need about 3,000 employees. Cal said that although old employees will be rehired, new blood will be infused into the operations.

Compared to the thousands of employees the company hired before, ACMDC currently has 235 employees.

There are about 170 security guards, who, on a limited budget, secure company premises that span about 3,000 hectares. Other employees are in the administration building and the maintenance department.

Company property includes 700 hectares of mines. The rest are residential, buffer zones and reforested areas.

In its heyday, the residential area inside company premises looked like a small town. It had a school supervised by the De La Salle brothers and a 99-bed hospital complete with facilities.


--------------------------------------------------------------------------------
cheers GF.

golfinger should be praised for almost deramping this share i.e.see WARNING
at top.

That 250,000 buy at 8.33 is jumping all over the place, there was no 250,000 trade at 8.33 showing this morning.

Or a 14,625 sell, its all over the place.

Date : August 26, 2004 From www.minesite.com


Toledo Copper Gets Into Nickel In A Big Way So Changes Its Name … But Not Much.

When Toledo Copper Corporation listed on AIM back in April it was another of those companies with no assets, though it was further advanced than some of its peers in the Phil Edmonds stable. The trouble was that the deal it had negotiated to buy a 40 per cent interest in the Toledo copper mine on Cebu island in the Philippines was somewhat complicated and most journos, Minews included, steered clear. Now it is on the verge of publishing a bankable feasibility study on the project, so things are falling into place. Originally it had lent US$1.2 million to a Mr Ramos, president and chief executive of Atlas, which owns Toledo among other mining interests. The plan was that he would use the money to pay off various outstanding creditors of Atlas and thus secure proper title to the mine.

In its heyday before a typhoon in 1993 caused operations to be put on care and maintenance, Toledo was one of the world’s foremost copper mines and Atlas was capitalised at around US$1 billion on the New York Stock Exchange according to Chris Kyriakou, the executive chairman of Toledo Copper. Mining started back in 1955 and total production from the mine amounted to 5.65 million lbs copper, 1.96 million ounces of gold and 7.2 million ounces of silver. Peak production was reached between 1979 and 1984 when the operation was mining at a rate of 103,000 tonnes/day and current resources are around 874 million tonnes grading 0.41% copper so there is plenty of life left in it.

Once it raised funds at the time of the placing Toledo Copper Corporation lent US$3 million to Atlas to fund the bankable feasibility programme at Toledo and part of this was used to repay the original loan to Mr Ramos. On the assumption that the study is positive Toledo will secure ownership of 40 per cent of the mine, but may have to pay a further US$15 million towards project finance. This is doubtful, however, as the Japanese and Chinese copper companies vying for offtake agreements are likely to want to take equity interests and may well come up with the further US$10 million in subordinated debt that might be due from Toledo. Annual production of 110 million lbs copper, 56,000 ozs gold and 100,000 ozs silver is envisaged for the renewed operation.

While the study has been in progress Chris Kyriakou has negotiated the purchase of two other large nickel laterite projects on another Philippine island, Palawan. As a result the name of the company is being changed to Toledo Mining. The first of these, Berong, will generate early cash flow as it involves shipping ore direct to ferro-nickel smelters in Japan and the first shipment is due to leave in March 2005. A feasibility study is in progress to test the economics of an on-site large scale operation utilising acid leaching and smelting which may be developed at a later date. Toledo Mining is acquiring a 44 per cent interest in the property which consists of four deposits with resources calculated at 275 million tonnnes at 1.3% nickel and 0.074% cobalt at a cut-off grade of 0.90% Ni. This makes it one of the biggest nickel deposits in the world and the 4th largest in terms of contained nickel.

A pre-feasibility study was carried out in 1996 which was based on a cut-off grade of 1.8% nickel which meant a resource of 7 million tonnes at 2.1% nickel which is a grade acceptable to Japanese ferro-nickel producers. This is being updated and it is thought the funding requirement will be around US$6 million. The operating break-even cost of this direct shipping operation is estimated to be US$1.30/lb of payable nickel, or US$0.35 cents/lb of contained nickel which, at 300,000 tonnes/year will be around 15 million lbs/year. Payment is expected to be 25 per cent of the LME price , FOB basis, on the contained nickel to generate around US$20 million a year.

Through this second deal Toledo Mining has the potential to be not only a significant player in copper production on a world scale, but in nickel also. The Celestial nickel property, where Toledo is acquiring a 52 per cent interest, is on the same island and a resource of 77 million tonnes at 1.25% nickel and 0.10% cobalt has been estimated within an area amounting to less than one third of the total property. Some of the ore may be used for direct shipping, but the rest is likely to be treated by an advanced form of vat leaching or some other alternative technology. Toledo will be supplying management service to both projects and has an option to increase its holding in Celestial up to 71.2 per cent . This is now a company that can be taken seriously.

Should have news out very soon.

cheers GF

Intercept,

can you explain to me how that works please?

IE the shareprice wil be 10p REGARDLESS of the number in issue at the time!

Not sure how you work that one out, but welcome an explanation.

roflmao

Like I said we should have some news very soon.

cheers GF

Just some post I have swiped from another B/Board..................

Some interesting comments from Mark Watson on t1ps.com webcast this weekend.
Couple more weeks to wait by the sounds of it.
Between the lines it sounds to me like we'll get a positive report.ENDS.

Please remember this is one hell of a gamble as I have always maintained.

If you do not have the money to lose forget it, and thats sound advise.

Cheers GF.

Wheres the news?????????????????????,

cheers GF.

Been told they have been going round the city trying to drum up more cash, share price up today so they might have got some from [ RAB ]?

Superb news for holders. If your not in nows the time to jump aboard.........

Overscribed at the bid price.

Sufficient to bring Nickel project to production and positive cash-flow.

Planning to avoid further dilution re Copper mine.



Certainly all the right words....





RNS Number:1227D
Toledo Copper Corporation PLC
20 September 2004

20 September 2004



TOLEDO COPPER CORPORATION PLC



The Directors of Toledo Copper Corporation plc (AIM: "TCU") are pleased to
announce they have today completed the private placement of 220m shares at 2p
per share to raise #4.4 million (before costs). The placement was
oversubscribed.



This capital raising completes the funds required to bring the Company's Berong
nickel project into production and positive cash flow.



The Company is advised by Behre Dolbear that their final technical audit of the
bankable feasibility study of the Toledo copper mine will be complete within the
next three to four weeks.



It is the intention of the directors, following the Company's acquisition of its
interests in the Berong and Celestial nickel projects, to investigate all other
options to finance the Toledo copper mine without resorting to further equity.



Pursuant to this Placing, the directors of Toledo Copper Corporation plc, have
interests in ordinary shares in the Company as set out in the table below.


Director Interest in ordinary Percentage of issued
shares following the ordinary share capital
Placing (following the Placing)
Chris Kyriakou 50,000,000 7.42%

Merfyn Roberts 10,000,000 1.48%

(interest held through Absolute Resources LP)
Roger Shakesby - -%

cheeers GF.

Good news this morning.....................

Toledo Copper Corporation PLC
24 September 2004

24 September 2004



TOLEDO COPPER CORPORATION PLC



The Directors of Toledo Copper Corporation plc (AIM: 'TCU') wish to advise on
progress of the Berong nickel project on the island of Palawan, Philippines.



A number of pre-feasibility and feasibility studies have been carried out by the
majority owners in past years and have outlined a total resource, at a cut off
grade of 0.9% Ni for limonite and 0.9% for saprolite, of 275 million tonnes at a
grade of 1.3% Ni and 0.074% Co. Contained nickel is 3.6 million tonnes.



Included in the above resource based on CIM Resource/Reserve definitions,
Canadian consultants Rescan and Nilsson estimated measured, indicated and
inferred resources of 2.117 million tonnes of 2.26% Ni at a cut-off grade of
2.0% Ni. A mining plan is currently being developed in this direct shipping ore
resource, which has potential to be enlarged.



A sales contract has been signed with a Japanese trading company for 250,000 dry
tonnes of direct shipping saprolite ore per year. In addition, discussions are
continuing with a second trading company for a future contract of a similar
quantity with the object of a steady build up to a mining rate of 700,000 wet
tonnes per year, equivalent to 500,000 dry tonnes of direct shipping ore.



The procurement of the necessary permits is progressing on schedule with
considerable support from the various government units following the Philippine
Government's declaration of major support to rehabilitate the mining industry to
its former state as a major contributor to the economy.





Chris Kyriakou

Executive Chairman





For further information contact:


Annie Richards Toledo Copper Corporation plc Tel: 0870 010 6044
Hugh Oram Nabarro Wells & Co Ltd Tel: 020 7710 7400





cheers GF.

Its moe or less time we heard something about the Copper Study, but just to help you see how much it could be worth, heres a report on copper prices and inventories..........................

Copper and Nickel....


Thursday September 30, 2004
The Guardian

Oil has been hogging the limelight, breaking through the $50 level this week, but it would be wrong to ignore all the other commodity markets that are going gangbusters.
Copper yesterday hit a six-month high of $2,970 per tonne - more than double the price seen in the dark days of 2001, after the tech bubble burst.

Other base metals have also shot up in price over the past 24 months, with nickel rising from $5,000 per tonne to $14,000. Tin has moved from $3,800 to $9,000 and even lead - for so long an unfashionable commodity - has more than doubled to $900 per tonne.

As with the upward pressure on crude prices, voracious demand from China has been the driving force behind the rises across the commodity range.

Persistently depressed commodity prices during the 90s meant there was little investment during the decade in new mines and facilities: the result is a classic squeeze from limited supply and pulsating demand.

In the first four months of the year demand for copper rose by nearly 30% in China, 15% in America, and was also up in Europe and Japan. While the market cooled a little during the summer, demand is said to have picked up once more over recent weeks.

As usual, speculators are being blamed for the more extreme price moves, but the fact is the underlying physical market remains very tight.

While 800,000 tonnes of copper lay in warehouses attached to the London Metal Exchange, Comex bourse and Shanghai Futures Exchange at the end of 2003, those reserves have now fallen to 164,000 tonnes. Kate Barker, monetary policy committee member at the Bank of England, warned yesterday that higher commodity prices were feeding inflation. That is not news to UK companies.


Those supplying the construction industry, car manufacturers and consumer durable makers all rely on copper wiring, cabling and tubing for a range of electrical and other applications. They are already struggling with rising energy costs - at a time when fierce competition makes it impossible to pass on extra costs to customers.

And where's that competition coming from? China, more often than not.

cheers GF.

have a mate in the city that doesn't rate these, feels there's something not quite right, and they don't trust Atlas at all!!!

quite right to put the buyer beware posts up, Phillipines is a hell of a risky place to do business!!!!

good luck all, you may need it!!!

To anyone whom may have found that there holding in the above copmany been wiped out there is now a new Epic Code for the Co. now which is (TMC)which has been inforce since 7/10/2004

Thanks for flagging this up Parkin, have asked Ian if he would change over the name and code.

cheers GF.

Goldfinger,

I have received your E mail and will get JT to make the necessary changes,

Ian

15% rise today on the back of this RNS. So despite Aimtrader's post Cambrian Mining obviously don't feel the same way.

Toledo Mining Corporation PLC
12 October 2004

Toledo Mining Corporation plc ('the Company')



Notification of significant holding



Under sections 198 to 202 of the Companies Act 1985 and rule 15 of the AIM Rules
the following information falls to be disclosed:


The Company was notified on 12 October 2004 that Cambrian Mining Plc has an
interest in 30,000,000 Ordinary Shares of 0.1p each in the Company. This
represents 4.45% of the issued share capital of the Company.



12 October 2004





This information is provided by RNS
The company news service from the London Stock Exchange

Do thing there will a lot profit taking at 3p , which as been suggested.

Sorry left out the you.

and be

There's always be profit taking Aldwickk. Most important aspect, IMHO, is will there be sufficient news / interest until possible production next year to keep the SP ticking along? Without steady news flow, the SP will drift and be the main reason for a possible decline rather than profit taking.

PTH

ptholden,

I believe there may still be many in from the original float, and if the price increases much more, they may well seek an exit point. It will be interesting to see what happens.

I have first hand knowledge that the Philippines is not a strightforward place to do business, which may explain some of the delays to the original timeframe.

Thanks Ian. Wondered why on another site this morning they said they were up.

cheers GF.

goldfinger the thread name and Epic have now been updated as per your request.

Ian

Andy

I do agree with your assessment, but if the stock continues to rise as is currently the case, (up a further 9% today), I would hazard a guess that the profit takers may well stick it out for a bit longer. Judging by the buys going through at the moment, no-one is selling just yet and if they do I imagine they will be mopped up fairly quickly. Hopefully when the heat goes out of the stock TMC may be placed to announce further progress, an update which I understand to be released fairly soon. In any event, I think I will hang onto these for a while. I sold some a while ago, which netted a small loss, so my adjusted break even figure is just about round the corner.

Regards

PTH

Okay, here we go Bid moved up to 3.0p, let's see what happens now!

Profit takeing at 3p what took them so long. lol

Price holding well.

ptholden,

We will see, but good luck to you, there is certainly a good deal of potential in this share, but with higher potential goes higher risk!

Whats that then 27% in two days, not bad. Im sticking with them no matter what happens to price short term.

Dont think Cambria would have taken a stake before checking out a few things.

Mines are always top risk.

cheers GF.

GF

Perhaps this is being rather simplistic. I accept Mine Exploration is high risk, but in this case the stuff is known to be there, so surely it is just a matter of producing profitably?

Regards

PTH

Hi PTH, we already know they can do that with the nickel mining. Just think Cambria must have been tipped the wink on the copper.

cheers GF.

Just had a look at the timing of the bigger Sells, I think quite a few are actually buys, so not too much profit taking yet.

PTH.

PTH, cant really say that it bothers me that much as I think in the next 18 months this one could be way higher than its present price.

At the moment I see on the other site familiar speculator names , so it wouldnt suprise me to see it lose a little ground over the next 48 hours or so.

The longer term is where the really big profits are in my opinion on this one.

cheers GF.

Update by Watshot.com
We have been asked when Toledo Copper became Toledo Mining (TMC); and of what the company now comprises. Well, it was on 24th August that the name change took place, and it did so of course to reflect the fact that the broadened base now encompasses plans for the exploitation of nickel deposits as well as the original target, copper. See Daily Offerings passim.

And Toledo Copper yesterday issued an announcement declaring that Cambrian Mining (CBM) had taken a 4.45% stake in the company. We suspect this comes from a recent placing where raised 4.4 million by issuing 220 million shares at 2p each. Rumour has it that news flow tomorrow and the day after will throw light on how the link with Cambrian, which has demonstrated a rich vein of capital-raising ability of late, can be exploited. But it seems fairly clear that the experts are beginning to believe, what MWM has always averred; that Toledo's existing potential, and that of possible future projects is firmly grounded. The news caused the share price to rise nearly to 2.75p, and we have no hesitation in reiterating our buy recommendation.Ends.

Lifted from another board, just to cover my back.

cheers GF.

What would it be worth without the copper?

It would still warrant the nice rise at least over the last couple of days and a lot more aswell. Nikel prices shooting up like copper prices, even more so.

cheers GF.

Commodities
Date: October 13, 2004

Its A Record For Copper.

By Rob Davies

Copper prices reached their highest level for 15 years last week when they got to US$3,321/ tonne. The previous peak, and highest ever price, was in 1989 when they got to US$3,400 and that record looks set to be broken very soon. Inflation over that period means that in real terms the current prices are still below the US$4,500/ tonne that the previous high equates to in todays money. Nevertheless, a peak has been reached and with inventory levels still low there are few reasons why prices should not move yet higher.

Oil is one reason why metal prices might go up because diesel fuel for trucks is a vital element in the cost of mining and the concentration, smelting and refining processes are all big consumers of energy. Ore is pretty hard stuff and breaking it down it down into its component parts takes a lot of effort. Oil prices for the lighter crudes in the US have now past US$50/barrel and the heavier Brent oils are heading that way.

The oil industry, like the mining industry, is operating pretty much at full capacity so the only way prices are going to be moderated in the short term is through a reduction in demand. Despite many signs that Western economies are not in such robust health there is no evidence yet that offtake is slowing down. So, if it is costing more to produce the metal, and consumers are desperate to get the stuff, the chances are that miners will be able to pass these costs through to consumers as price rises.

However, both the oil and the metal markets are in backwardation meaning that future prices are lower than spot prices. Copper, for example is priced at US$3,030/tonne for delivery in three months time, US$2,500 for 15 months time and $2,230 in two years and three months time. That implies that a lot of the money in the market is speculative rather than commercial, and with LME stocks of only 93,000 tonnes it is easy to see why.

The attraction of hot money to the commodity market can perhaps be explained by a fear that the dollar may weaken further, a view reinforced by a statement from a US bank official that the dollar can only go down over time, it was just a question of how far. Fears of a weaker dollar were reinforced by poor jobs growth in the US in September. Only 96,000 jobs were created which is about half of what is required. While that pushed up bond prices it didnt seem to hurt equity and commodity prices, both asset markets that do well in a growth environment.

Copper was not the only metal to do well last week. Aluminium reached a new all time high of US$1,645 / tonne and nickel moved up even though it peaked earlier in the year. Zinc has got back above US$1,000/tonne for the third time and closed at $1,139 /tonne. Interestingly, zinc is the only metal that is not in backwardation suggesting that it may give the best performance of all over the medium term. While all the commodities look set to give good dollar returns in the short term, the more important question might be to ask what that will be worth in local currencies.

cheers Gf.

GF.
Was told a while back by A K, who i thing you know, that a best case scenario for TMC would = a share price of 70p.

Would be very nice aldwickk.

cheers GF.

RNS released, although not showing on this site under TMC:

RNS Number:0305E
Toledo Mining Corporation PLC
13 October 2004


13 October 2004


CARMEN COPPER PROJECT


The Company is pleased to announce that the technical audit by Behre Dolbear of
the feasibility study covering the reopening of the Toledo copper mine in Cebu,
Philippines is substantially complete. The study has been delayed by the recent
sharp increase in smelting/refining charges and in particular, the cost of oil
and coal which has necessitated a revision of the cost estimates and the method
of power supply to the mine.


Following the increase in energy costs it has been necessary to revise the power
supply from a simple power purchase arrangement to a capital contribution to
enable the expansion in capacity by 50 Mw of the Sangi coal fired plant of
Mirant Toledo Power Station (MTPS). The expansion will be owned by the mine but
operated by MTPS and the power produced sold to the mine at cost, including a
management charge. This arrangement has resulted in a significant reduction in
power cost but an increase in the estimated capital cost. The Company and its
advisors are continuing to evaluate other power supply options.


Smelting and refining charges have increased from a low of 4c/lb of copper in
July to a current rate of 26c/lb, despite there being only an 80% utilization of
copper smelter capacity worldwide. The Company has taken the conservative view
that future smelting and refining charges will average 23c/lb.


Based on the revised energy plan, key figures from the study are:

Capital cost $171.38 million
Cash costs $0.64/lb copper
Based on a gold price of $385/oz and an exchange rate of Php55=$1.00 the NPV at
a discount rate of 10% at a copper price of $1.00, $1.20 and $1.40/lb is
$12.09M, $93.52M and $173.60 M respectively.


Future scheduled rates of production are 42,000 tonnes per day (15.2 million
tonnes per year) from the Carmen Lift 1, through a system of underground
crushing followed by conveying through a decline directly to the Carmen
concentrator. This will result in significant cost savings over the scheduled
11-year life of Carmen Lift 1. Existing shaft hoisting facilities will provide
hoisting back up. Average annual payable production will be 108,5M lbs of copper
and 47,900 oz of gold.



The mining of DAS Lifts 2 and 3 at 42,000 tpd is being studied. This will extend
mine life beyond 20 years. Total mine resource is over 870 million tonnes and
promises a much longer mine life. In addition, several higher grade exploration
targets in proximity to the existing production shafts have been identified and
will be drilled at a later date.



Retained senior management at the mine is of high international repute and
represents many years of operating experience. Suitably experienced expatriate
staff will provide full technical and commercial back-up to the mine staff. A
fully experienced mine workforce is available in the district and the reopening
of the mine will create employment for an additional 2,800 persons.



The Company is making good progress with major companies in Japan and China for
the provision of copper concentrate offtake and project financing agreements.


The Toledo copper mine, in which the Company is earning a 40% interest,
commenced operations in 1955 and operated continuously until 1994, when mining
operations were suspended due to the underground block caving operations being
flooded by super typhoon Ruping, which caused widespread loss of life and
property throughout Cebu.



The Carmen Lift 1 was in partial production prior to the suspension of mining
operations and the mining method to be deployed at Carmen Lift 1 is well
established and proven.



Prior to suspension of operations, mine production peaked at 110,000 tonnes per
day from open pit and underground block caving, and Toledo was at the time, the
largest copper mine in Asia. Full gravity block caving was practiced for many
years at the mine, which was amongst the lowest cost producers in the world.



Production over the last 15 years of operations was at the same grade as the
remaining resource and also the projected future production. During this period
the mine produced profits of up to $100 million per annum before tax, debt
service and management fees. To date, the mine has produced total operating cash
flow of $1.31 billion before tax, debt service and management fees.



Berong Nickel Project

At the Company's Berong nickel laterite project in Palawan, Philippines, work is
progressing on schedule to commence direct shipping saprolite ore by mid 2005 at
the rate of 300,000 tonnes per year to ferro nickel smelters in Japan, pursuant
to a contract entered into in August 2004. Discussions are also underway with
another major Japanese company for a further 350,000 tonnes per year.



Negotiations are also well underway with a major Australian consumer for the
direct shipment of 600,000 tonnes per year of high grade limonite ore > 1.8%,
which will be produced as a co-product at little additional cost.



The Berong nickel laterite project has an indicated resource of 275m tonnes at
1.3% Ni and 0.074% Co containing 3.6 million tonnes of nickel, making it one of
the largest deposits in the world. Discussions are underway with a number of
international companies who have indicated an interest in entering into a
farm-in arrangement in a major project which would involve the development of an
acid leach and/or ferro nickel plant. This excludes the direct shipping
operation which would be operated independently by the Company.


Note: all $ refer to United States Dollars



TOLEDO MINING CORPORATION PLC


The Directors of Toledo Mining Corporation plc (AIM: "TMC") wish to announce
that they have engaged Endeavour Financial to provide financial advice with
respect to its re-development and expected financing of the Toledo Copper Mine
in Cebu, Philippines. Endeavour has one of the largest investment banking teams
dedicated exclusively to the mining industry and has significant experience in
raising capital for mining projects on a global basis. Endeavour has begun work
during the completion of TMC's feasibility study with a view to evaluating the
most efficient financing plan for the re-start of the mine.



Endeavour has provided financial advisory services to the mining and minerals
industries for over 16 years. Its team of over 20 professionals operate from
offices in George Town, Vancouver and London and provide advisory capabilities
in project finance, equity arranging and corporate finance, mergers and
acquisitions and strategic business development. Chris Kyriakou, Executive
Chairman of TMC stated, "We are pleased to have the benefit of Endeavour's team
of industry professionals and world-wide expertise and reputation behind the
re-development of the Toledo Mine".

Looks like the speculators have jumped ship.

cheers GF

But not the Institutions GF!

RAB Capital plc
15 October 2004


FORM SAR 3

Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.
A copy must also be sent to the company the shares of which are acquired.

Date of disclosure
15 October 2004...............................................................

DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ('SARs')

Date of acquisition
17 September 2004...............................................................

Acquisition in (name of company)
Toledo Mining...............................................................

1. Class of voting shares (eg ordinary shares)
Ordinary...............................................................

Number of shares/rights over shares acquired

50,000,000............Shares

If rights over shares acquired, as opposed to the shares themselves, specify
nature of rights
...............................................................

2. Resultant total holding of voting shares (and % of total voting shares in
issue)
112,560,000.......... 16.7%

Resultant total holding of rights over shares (and % of total voting shares in
issue)
.......... ..........%

Total percentage
16.7%

3. Party making disclosure
RAB Capital plc...............................................................

4. (a) Name of person acquiring shares or rights over shares
RAB Special Situations
LP...............................................................

and, if different, beneficial owner
...............................................................

(b) Names of any other persons acting by agreement or understanding (see SAR 5)
None...............................................................

Signed, for and on behalf of the party named in (3) above
...............................................................

(Also print name of signatory)
N. Warrender...............................................................

Telephone and extension number
020 7389 7015...............................................................

Note 1. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding of or
acquisition by one person. Note 3 on SAR 5 requires persons who must aggregate
holdings to disclose certain disposals.

Note 2. The resultant total percentage holding of voting shares and rights over
shares is to be calculated by reference to the percentage held and in issue
outside treasury.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section. Tel. No: 020 7638 0129.
Email:
monitoring@disclosure.org.uk




This information is provided by RNS
The company news service from the London Stock Ex

Good news then that both Rab and Cambrian are taking large stakes in this one.

Hope to see it rising over the next few months.

cheers GF.

Not a bad day followers.

Lets just keep it going.

Cheers GF.

Lifted from another board and things look OK........................

In from watshot..

I am aware that Toledo Mining Corporation (TMC) enjoys keen interest amongst the members of WatsHot.com. Just the other day it was reported that Endeavour Financial, which has a global presence, with an investment-banking team to match, in its chosen sphere - raising capital for mining projects - had been engaged to advise on Philippines-based Toledo Copper. A separate report said that before the operations ceased, the last 15 years of operations at the same grade of the remaining resource - and of projected future production - had produced profits of up to $100 million, a thumping figure even if the latter figure took no account of debt service, taxes or management fees. Meanwhile there have been no setbacks in the development of the nickel deposits, and indeed the company is seeking support for the building of a plant to supplement its growing shipping operations. The ubiquitous Cambrian has taken another major bite, and at 2.75p per share, the recommendation remains, buy.

cheers GF.

Wonder what the morning brings for this one?. Hope we contine to see the new highs maintained rather than manipulation from the MMs.

cheers GF.

GF with big bites going on from cambrian at 2.75 what would you expect the upward move time period to be? I am new to this system but held shares for some time now.

marti

Hi Marti,

prefer to let the market take its course. Best to stay away from predictions.

cheers GF

This is from minisite
Date: October 26, 2004

Toledo Mining Steps Up The Pace In Its Philippines Nickel Business.

By Robert Wallace

We last wrote about Toledo Mining in August. Its not like us to feature a reported company just two months later as there are so many juniors clamouring for a bit of exposure to investors in Europe. Rapidly evolving events at its nickel projects in the Philippines have, however, demanded an update.

To recap, when it listed in April this year, the company was named Toledo Copper as its sole project was the Carmen copper mine near the town of Toledo on Cebu island. This is a medium-term project where the rehabilitation required to return the project to operational status has now been costed at US$ 178million. Endeavour Financial has just been appointed to plan capital provision. Toledo acquired a 40 per cent interest in what was effectively a dormant resource from Atlas Consolidated Mining Corporation, a Philippine-registered company owned by the Ramos family, which also own substantial publishing interests in the country.

This summer, the company did a second set of deals primarily with the same family, acquiring stakes in two established but non-producing nickel laterite mines located on Palawan island in the south-west Philippines, acquiring 44 per cent in Berong and 52 per cent in Celestial. These deposits are so important that on 6th October, the company changed its name to emphasise its wider-than-copper activities; its AIM epic also altered from TCU to TMC.

At Berong, mining is expected to be contracted to Australian company Leighton Contractors and the total cash cost of operations will be around US$1.30 per pound of nickel shipped. Profitability is helped by a strong nickel price and a weak Philippine peso. An FOB shipping contract has now been signed with a Japanese customer, Nippon Metals and Alloy, to supply 300,000 tonnes of dried ore pa at a nickel grade of 2.2%. At the current price of US$6 per pound, this should give total annual revenues of US$15.7 million , of which Toledos share will be US$6.9 million. A second agreement with Japanese buyers for a further 350,000 tonnes of ore pa is nearing signature. This would bring the total to 650,000 tonnes, generating total income of US$35.5 million and US$15.6 million respectively.

Negotiations are also proceeding with a prospective Australian customer which would take 600,000 tonnes of high grade nickel/cobalt limonite material at a grade greater than1.8% nickel equivalent. At the same nickel price, Toledos revenue from this additional contract should be US$5.9 million.

Total annual Toledo cash flow from Berong of US$21.5 million is therefore thought by management to be within reach. All that is needed is a road, a shipping pier and a final government mining permit to add to the regional one already obtained. Permitting and confidence is helped by the existence some 150 kms south of Berong on Palawan island of the Rio Tuba nickel mine which has been direct shipping nickel for over 25 years and has just installed and is commissioning a 10,000tonnes/year HPAL processing plant which has recently received its government environmental permit.

The Berong nickel deposit is said to be the fourth largest in the world with 275 tonnes of reserves at 1.3% nickel, ie 3.6million tonnes of contained nickel. As it has an approximately 50/50 mix of limonite and saprolite orebodies it offers options for either leaching or smelting. The company intends to commission a bankable feasibility study at a cost of some US$20 million which it could fund out of cash flow to asses the economics of developing the mine into a not less than 50,000 tonnes of nickel pa producer. Not surprisingly, there is considerable interest already from majors to farm in to its future large scale operations.

Toledos success is largely due to its Australian CEO Chris Kyriakou. Originally a lawyer, he was a mine developer in Australia, Canada and South Africa for 20 years. In the late 90s he left the industry but returned with a keen interest in the Philippines where he first met Atlas in July last year. Most mining companies have to discover an economic orebody, attract capital and then develop a mine. What Kyriakou especially likes about Berong is that Toledo just has to dig ore, dry it and deliver it to a port.

The Philippines hosts some of the worlds most important mineral resources, especially of copper, nickel, cobalt and gold and silver. Yet currently mining development in the country is minimal; the effects of past typhoons, economic strife and environmental antipathy to mining have conspired to close most previously viable mines. The government is now actively courting mining companies and hopefully the Minister of Mines will be in London for a Special Philippines Mining Forum run by Minesite in February 2005.

At the moment there are less than a dozen operating miners either listed on the Philippines Stock Exchange or foreign explorers active in the country. Most of the prospects being explored or developed are previously-active mines which closed in the 90s; Toledos Carmen copper mine is an instance. No wonder the Philippines Environment Secretary Michael Defensor appealed at a business leaders forum in Manila last week for investors to participate in developing mineral resources.

Toledo heard the call ahead of the crowd. So have some other shrewd investors in this rapidly-evolving story; with a purchase of 30million shares, 3.4%, AIM listed Cambrian Mining has just joined RAB Capital and Resources Investment Trust as significant holders on Toledos share register.

Many thanks for a cracking good post Stockwoodjack.

PTH

Yes an excelent post.

A second agreement with Japanese buyers for a further 350,000 tonnes of ore pa is nearing signature. This would bring the total to 650,000 tonnes, generating total income of US$35.5 million and US$15.6 million respectively

Should help send the price north.

cheers GF.

Missed this above....................

Negotiations are also proceeding with a prospective Australian customer which would take 600,000 tonnes of high grade nickel/cobalt limonite material at a grade greater than1.8% nickel equivalent. At the same nickel price, Toledos revenue from this additional contract should be US$5.9 million.

cheers GF.

goldfinger do you have company names or details of prospective customers, either japanese or austrailian, this would of course justify my next buy and maybe increase it. Hope it remains a waiting game with good news along the way.

watcher

Sorry I dont watcher, I think these will only become available when Toledo gives out its next RNS on news of the contracts being signed.

Miners tend to be very poor in the PA department anyway.

cheers GF.

gf had a chuckle and I admit I should have known better, you are right. just watching the selling going on. if the detail from the posts is correct then it is getting near the time to top up and confirm the investments that the big boys did last month are correct.

watcher

Copper price is going up aswell watcher, nut sure about nickel.

cheers GF.

GF thanks for that, looks good and steady with the price of copper, just a thought the period of ramadan is coming to an end soon and hopefully this might just push the pace with company negotiations. Local religion and all that......

watcher

Watcher,

Interesting point, but the Philippines is a catholic country, and therefore they don't celebrate "ramadan"!

thanks for that, jjust digging for any angle I can. the thought of this going positive intrigues me. Whilst they are a newly formed company, they seem to have well established board and leaders. I suppose its a case of settling in and producing. Must be hard to produce some good news at this early stage, apart from the price of nickle and copper going through the roof that is..

watcher

New website at, http://www.toledomining.com/

Well the price went up today but only just. Silence is golden.

cheers GF.

They have a Subcrption for information to be sent to you if required via E/mail
on website looked via minesite on wed 10/11/04 http://hhpt://www. minsite.com

MANILA (AFX) - A powerful storm which triggered landslides and heavy flooding in the Philippines has left nearly 500 people dead or missing, government officials said.

Social Welfare Secretary Corazon Soliman said her department had recorded 306 deaths in the towns of Real, Infanta and General Nakar in the eastern province of Quezon.

Another 150 people were listed missing in Real after a weekend tropical storm sparked flashfloods and landslides which destroyed entire villages, said Soliman.

Another 39 people were killed and two others were listed as missing in other parts of the Philippines affected by the floods, a civil defense official said.

RNS Number:0335G
Toledo Mining Corporation PLC
06 December 2004

TOLEDO MINING CORPORATION PLC

INTERIM RESULTS
FOR THE PERIOD 25 FEBRUARY 2004 TO 30 SEPTEMBER 2004

CHAIRMAN'S STATEMENT

Dear Shareholder

I am pleased to present the Company's first financial report since its shares
were admitted for trading on the AIM market in April 2004.

The period from incorporation to date has been very active and I am very pleased
with the progress which the Company has made, including the key achievements
discussed below.

Berong Nickel Project

The Berong Nickel property comprises four nickel laterite deposits (Berong,
Moorsom, Long Point and Tagkawayan) having an aggregate area of 10,659 ha.
These are located adjacent to the coast in mid-western Palawan, Philippines
adjacent to the South China Sea. The Company will earn a 44% economic interest
in the property, through meeting project development expenditures of US$2
million, and by the Company issuing 150 million fully paid ordinary shares to
the vendors and the payment to them of US$400,000. As at 30 September 2004, the
Company had advanced US$0.2 million against this commitment.

The nickel resources within the four deposits of the property, based on 3,866
test pits (spaced at 300m x 300m) have been calculated by independent geological
consultants to be 275 million tonnes at 1.30% Ni and 0.074% Co at a cut-off
grade-of 0.90% Ni. The resource is one of the largest in the world; possibly
the fourth largest based on contained nickel of 3.5 million tonnes.

Extensive testing of the property was carried out during the late 1960s and
early 1970s, culminating in an independent bankable feasibility study into the
development of an ammonia leach plant producing 60 million lbs of nickel metal
per year. This project was shelved following the significant increase in oil
prices.

A further 1,197 test pits were sunk in a selected area of 324 ha in Berong on a
50m and 25m spacing to establish direct shipping ore content and, in 1996, an
independent pre-feasibility study was carried out into a direct shipping
operation. As part of this pre-feasibility study, an independent consultant
estimated the ore reserves within the selected area to be 2.105 million tonnes
at 2.3% Ni. At a cut-off grade of 2.0% Ni, the estimated indicated resource
within the selected area was estimated to be 4.2 million tonnes at 2.3% Ni. At
a reduced cut-off of 1.8% Ni, the resource increases to 7.0 million tonnes at
2.1% Ni, from which direct shipping saprolite ore (low Fe) at a grade of 2.3% Ni
and direct shipping limonite ore (high Fe) at a grade of 1.8% Ni+Co can be
co-produced.

Initially, the focus of the Company's activities will be the development of a
direct shipping operation from the selected area at Berong. The first shipment
is scheduled for mid-2005 at the rate of 300,000 tonnes per annum of saprolite
ore to ferro nickel smelters in Japan, pursuant to a contract entered into in
August 2004. Discussions are also underway with another major Japanese company
for a further 350,000 tonnes per year. Negotiations have commenced with a major
Australian consumer for the direct shipment of 600,000 tonnes per year of high
grade limonite ore (> 1.8% Ni+Co), which will be produced as a co-product at
little additional cost.

Cost estimates from the 1996 independent pre-feasibility study costs have been
updated and the funding requirement to positive cash flow is estimated to be
US$6.5 million. The procurement of the necessary permits is progressing on
schedule with considerable support from the various government units, following
the Philippine Government's declaration of major support to rehabilitate the
mining industry to its former state as a major contributor to the economy.

The direct shipping project is planned to generate a significant cash flow.
Part of this cash flow will be utilized to fund the Company's ongoing program of
completing a bankable feasibility study into a subsequent large scale (+50
million lbs/annum) operation, for which four development options have been
identified.

Celestial Nickel Project

The Celestial Nickel laterite property covers an area of 2,835 ha and is also
located on Palawan Island in the Philippines. This property is well advanced
and has substantial permitting already in place. The Company will earn a 52%
economic interest in this project, with the right to increase its economic
interest to 71.2% on payment of further moneys, through meeting project
development expenditures of US$2 million and by the Company issuing to the
vendors 75 million fully paid ordinary shares and 75 million options over
ordinary shares in the Company exercisable at 2.5p per share within two years,
the payment of US$150,000 and the reimbursement of costs incurred by the vendors
of US$100,000. In addition, the Company has a commitment to pay US$200,000 on
achievement of certain milestones and is also required to pay property
maintenance fees of US$200,000 per annum.

Acid leach metallurgical test work has been conducted on the property and a
pre-feasibility study has demonstrated economic viability, subject to more
detailed work being carried out for a bankable feasibility study.

The property has been well explored, yielding a current resource estimate of 77
million tonnes of 1.25% Ni and 0.10% Co within an area of 800 ha.

Metallurgical test work was carried out for suitability for a High Pressure Acid
Leach (HPAL) plant, and a proposal was generated by independent international
consultants to use this technology to produce 40,000 tonnes of Ni metal per
annum at a capital cost of US$840 million (US$9.55/annual lb of capacity), with
a projected operating cost of US$1.38/lb before cobalt credits.

Subsequent experience with HPAL in Australia has lead to wide scepticism as to
its economic viability, notwithstanding that it has worked profitably in Cuba
for decades. The process has since been refined by BHP Billiton, Sumitomo and
others and now represents a credible alternative for bringing this property into
profitable production.

However, in the last two years several new technologies have been developed,
including atmospheric heap leaching and elevated temperature vat leaching, which
together with advancements made in the metal recovery and refining process,
suggest that better alternatives to HPAL are now practical offering, lower
capital cost, lower operating cost and less down time.

The previous operators of the property performed metallurgical tests on an
atmospheric vat leach with modest success, achieving a recovery of about 65%.
The Company believes that this method has excellent potential, and that an
advanced form of this technology with better recovery potential is now
available. It is proposed as part of the future program to conduct an
evaluation of vat leaching and other alternative technologies.

The property also contains indications of the presence of direct shipping ore
which requires further investigation.

Carmen Copper Project

The Company entered into an agreement with Atlas Consolidated Mining &
Development Corporation, a company quoted on the Philippine Stock Exchange,
under which it has the option to acquire a 40 per cent interest in the Toledo
copper assets owned by Atlas. In order to earn the full amount of the interest,
the Company will be required to make payments and loans up to US$28 million to
fund in part the development of the Toledo copper mine, including final
feasibility work, the equity component of the project funding and other related
costs. As at 30 September 2004, the Company had advanced US$2.2 million against
this commitment.

A feasibility study of the rehabilitation and re-opening of the mine has been
prepared and is being subject to independent technical audit by consultants
Behre Dolbear Australia Limited. The study has been subject to delays caused by
the recent sharp increase in smelting/refining charges and in particular, the
cost of oil and coal which has necessitated a revision of the cost estimates and
the method of power supply to the mine. The Directors will assess the
conclusions of this study in deciding whether to exercise the option.

Based on the revised energy plan, key figures from the study are:

Capital cost US$171.38 million
Cash costs US$0.64/lb copper

Based on a gold price of $385/oz and an exchange rate of Php55=$1.00, the net
present value using a discount rate of 10% at a copper price of $1.00/lb, $1.20/
lb and $1.40/lb is $12.09 million, $93.52 million and $173.60 million
respectively.

Future scheduled rates of production are 42,000 tonnes per day (15.2 million
tonnes per year) from the Carmen Lift 1, through a system of underground
crushing followed by conveying through a decline directly to the Carmen
concentrator. This will result in significant cost savings over the scheduled
11-year life of Carmen Lift 1. Existing shaft hoisting facilities will provide
hoisting back up. Average annual payable production will be 108.5 million lbs
of copper and 47,900 oz of gold.

The mining of DAS Lifts 2 and 3 at 42,000 tonnes per day is being studied. This
will extend mine life beyond 20 years. Total mine resource is estimated at 848
million tonnes and promises a much longer mine life. In addition, several
higher grade exploration targets in proximity to the existing production shafts
have been identified and will be drilled at a later date.

Retained senior management at the mine is of high international repute and
represents many years of operating experience. Suitably experienced expatriate
staff will provide full technical and commercial back-up to the mine staff. A
fully experienced mine workforce is available in the district.

The Company is making good progress with major companies in Japan and China for
the provision of copper concentrate offtake and project financing agreements.

The Company has engaged Endeavour Financial to provide financial advice with
respect to financing the rehabilitation and re-development of the mine.
Endeavour has one of the largest investment banking teams dedicated exclusively
to the mining industry and has significant experience in raising capital for
mining projects on a global basis.

The Toledo mine commenced operations in 1955 and operated continuously for a
period of 31 years. In 1994 mining operations were suspended when an unseasonal
super typhoon caused flooding of the underground mine due to lack of
maintenance of the drainage system above the block cave area.

The Carmen Lift 1 was in partial production prior to the suspension of mining
operations and the mining method to be deployed at Carmen Lift 1 is well
established and proven.

Prior to suspension of operations, mine production peaked at 110,000 tonnes per
day from open pit and underground block caving, and Toledo was at the time, the
largest copper mine in Asia. Full gravity block caving was practiced for many
years at the mine, which was amongst the lowest cost producers in the world.

Production over the last 15 years of operations was at the same grade as the
remaining resource and also the projected future production. During this period
the mine produced profits of up to $100 million per annum before tax, debt
service and management fees. To date, the mine has produced total operating
cash flow of $1.31 billion before tax, debt service and management fees.


Chrisilios Kyriakou
Executive Chairman
3 December, 2004


UNAUDITED PROFIT AND LOSS ACCOUNT

Period 25 February 2004 to 30 September 2004

Period from
25 February 2004 to
30 September 2004
Note #

Administrative costs (400,022)
_________________________________________________________________________

Operating Loss (400,022)
Interest receivable 5 30,913
_________________________________________________________________________

Loss on Ordinary Activities (369,109)
Before Taxation
Tax on loss on ordinary activities 2 -
_________________________________________________________________________

Loss on Ordinary Activities (369,109)
After Taxation
_________________________________________________________________________

Loss per share (pence) 3 0.086p


The Company has no recognised gains or losses other than the results for the
period as set out above.

UNAUDITED BALANCE SHEET

Note As at
30 September 2004
#
Fixed Assets
Intangible Assets 4 354,247
Tangible Assets 2,684
Investments 5 1,207,673
_________________________________________________________________________
1,564,604
Current Assets
Debtors 6 2,530,029
Investments 7 600,000
Cash held in trust bank account 8 634,805
Cash at bank and in hand 1,937,423
_________________________________________________________________________
5,702,257
Creditors: Amounts falling due (269,124)
within one year
_________________________________________________________________________

Net Current Assets 5,433,133
_________________________________________________________________________

Total assets less current liabilities 6,997,737
_________________________________________________________________________

Capital and Reserves
Called-up equity share capital 673,667
Share premium account 6,693,179
Profit and loss account (369,109)
_________________________________________________________________________

Equity Shareholders' Funds 6,997,737
_________________________________________________________________________



UNAUDITED CASH FLOW STATEMENT
Period from
25 February 2004 to
30 September 2004
Note #
Net cash outflow from operating activities 10 (2,660,628)

Returns on investments
and servicing of finance
Loan interest receivable 30,913

Capital Expenditure
and financial investment
Purchase of intangible fixed assets (354,247)
Purchase of tangible fixed assets (2,983)
Loan investments made (1,207,673)
Purchase of current assets investments (600,000)
_________________________________________________________________________

Net cash outflow for capital expenditure (2,164,903)
and financial investments
_________________________________________________________________________

Financing
Issue of share capital 7,366,846
_________________________________________________________________________

Increase in cash 2,572,228
_________________________________________________________________________

Cash at beginning of period -
_________________________________________________________________________

Cash at end of period 2,572,228
_________________________________________________________________________



NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

Period 25 February 2004 to 30 September 2004

1. Accounting Policies

Basis of Preparation

The financial information for the period 25 February 2004 to 30 September 2004
is unaudited and has been prepared on the basis of the Company's adopted
accounting policies. This financial information does not constitute statutory
accounts as defined in Section 240 of the Companies Act 1985.

Depreciation

Depreciation has been provided on fixed assets at rates calculated to write off
the cost, less estimated residual value, of each asset evenly over its useful
economic life as, follows:

Office equipment and fixtures 33 1/3% - 100% straight line

Foreign Currencies

Transactions in foreign currencies are translated at the exchange rate ruling at
the date of transaction. Monetary assets and liabilities in foreign currencies
are translated at the rates ruling at the balance sheet date.

Investments

Investments are included at cost less any amounts written off.

Intangible Assets - Exploration Expenditure

Costs relating to the acquisition, exploration and development of mining
projects are capitalised under intangible assets. When it is determined that
such costs will be recouped through successful development and exploitation or
alternatively by sale of such interests acquired, the expenditure will be
transferred to tangible assets and depreciated over the expected productive life
of the asset. Whenever a project is considered no longer viable, the associated
exploration expenditure is written off to the profit and loss account.

2. Taxation

No provision for corporation tax has been provided for, due to losses incurred
in the period.

3. Loss per Share

The loss per share has been calculated by dividing the loss after taxation of
#369,109 by the weighted average number of Ordinary Shares in issue of
426,796,557.

4. Intangible fixed assets
Exploration
Expenditure
#
Additions in period 354,247
________
At 30 September 2004 354,247
========

The above exploration expenditure relates to three projects: the Berong Nickel
Project, the Celestial Nickel Project and the Carmen Copper Project, all of
which are located in the Philippines.

5. Fixed asset investment
Loan
Investment
#
Loan advanced in period 1,207,673
_________
At 30 September 2004 1,207,673
=========

The loan investment relates to amounts advanced to Atlas Consolidated Mining &
Development Corporation, a Philippines company quoted on the Philippine Stock
Exchange. The loan is interest bearing at 8% per annum.


6. Debtors
Period ended
30 September 2004

#
Trade debtors 2,135
VAT 20,394
Called up share capital unpaid 2,507,500
_________
2,530,029
=========

7. Current Investments

Investments held as current assets are carried in the balance sheet at cost.
Their value as quoted on the AIM market at 30th September 2004 was
#923,333.

8. Trust Bank Account

The company has transferred funds to a trust account in the Philippines to
facilitate the payment of various expenses on the Philippine projects. Funds can
only be released from this account on the authority of Toledo Mining
Corporation Plc.

9. Reconciliation of movement in shareholders' funds

Period from
25 February 2004 to
30 September 2004
#
Loss for the period (369,109)
_________
Issue of share capital - nominal value 673,667
- share premium 6,693,179
_________
Closing shareholders' equity funds 6,997,737
=========

10. Reconciliation of operating loss to net
cash outflow from operating activities
Period from
25 February 2004 to
30 September 2004
#
Operating loss (400,022)
Increase in debtors (2,530,029)
Increase in creditors 269,124
Depreciation 299
__________
(2,660,628)
==========
11. Post balance sheet events

Since the balance date, the Company has:

* advanced a short-term unsecured loan of #270,000 to Archipelago
Resources plc. The loan bears interest at 10% per annum, is unsecured and is
due to be repaid on 11 May 2005.

* sold 72.4% of the current investments referred to in note 7 for proceeds
of #1,205,843 generating a profit before income tax of #771,593.




This information is provided by RNS
The company news service from the London Stock Exchange
END

IR FSDFUDSLSESE

This one has really shot up today-anyone know the reason? I don't own any but I'm tempted !

Taken from Uk-Analist.com the stockmarcket reporter Rumours & Shakers

"Shares in Toledo Mining jumped 0.75p to 2.625p on talk that a number of deals are set to be announced."

saint, I got into this share a number of months ago and have recently topped up. Thinking back to the price of copper and the rises since they floated I am resting easy that some contractural news will not be to far away and then the sp rises will follow.

watcher

saint and others, looks like the good news is spreading. A very big buy and look at the price. The company have started the move up the ladder now. Good news to follow.

watcher

Have a look again Watcher, more big buys? price still the same, not sure whats going on.

aldwickk, the company pushed out an e-mail some weeks ago maybe propoganda not quite sure but it was positive, might be on the back of that, it hit the right target, not to excited until the sp does the upward movement,

watcher

This maybe old news but just found it on the net, just having a poke around on TMC.


Atlas in talks with Chinese on reopening copper mine
Posted: 0:39 AM | Jan. 26, 2005


Inquirer News Service

printable version email a story write the editor feedback


ATLAS Consolidated Mining and Development Corp. said it was negotiating with Chinese mining groups on possible resumption of operations in its copper mine in Toledo City in the central Philippines province of Cebu.

It told the stock exchange the Chinese groups had expressed strong interest to participate in reopening the mine. It did not identify them.



Atlas also said it had approved an exit agreement with Toledo Mining Corp. in which the latter relinquished its rights to the Toledo copper project -- making room for others to come in.

A study by Behre Dolbear Australia Ltd. showed that reopening the Toledo Copper mine would cost $170 million, including the cost of putting up a 50-megawatt power plant.

At current metal prices, the mine would generate $150 million in foreign exchange annually, it added.

Three major open-pit operations were done at the Toledo mine over 39 years until Atlas closed it in the 1990s after a mudslide and amid continuing financial losses. Atlas mined about 667 metric tons of ore in the Toledo mine.

Toledo Mining said it would focus on nickel projects -- a new prospective undertaking for Atlas -- in the island of Palawan, southwest of Manila, in which Atlas has substantial interests.

Atlas has a 35.2-percent interest in a nickel project in Berong town in Palawan, diluted from 46 percent; and 42 percent in another nickel project in Ulugan town.

Toledo Mining said it would invest $3 million in development of these projects. Australian-listed holding firm Investika Ltd. earlier gave $1 million in funding.

Investika has a right to acquire 10 percent of Atlas' stake in the Berong project, which is said to contain about 275 million tons of nickel.

Discussions are underway with Japanese ferronickel smelters on developing the first stage of the project, which may start this year. With INQ7.net



http://money.inq7.net/topstories/view_topstories.php?yyyy=2005&mon=01&dd=26&file=4

wilbs

The thing is did we shareholders get a good deal out of the exchange?

Also does Golfinger still hold these?

aldwickk obvious point from today, is that the buying has been immense comapared to the selling and the sp hasn't moved up... i think the MM's have been caught pants down a touch and there is only a little time longer and we should see blue in a big way..

watcher

another good buying day for this share, got be going blue again soon

watcher

copper price at its highest point and potential is growing for the sp to move into the blue. mining stock on the up as a sector it won't take long :-)

watcher

TMC has no interest in copper any more. They have sold their copper interests so as to concentrate on nickel. dyor

regards

Tangle

watcher,

I think you need to do some research on this share, TMC are in for NICKEL, not copper!!!

this has to be the worst performing mining share in the recent rally???

take a look around, there are so many moving upwards, yet TMC remain static!!!

Aimtrader,

It's early days for TMC, they have only just started Nickel mining.

thats what you get for leaving things alone, red faced and hopefully guided by the friends you gain along the way... take your eye off the ball. No comment apart from thanks..

RAB Capital plc
10 March 2005


FORM SAR 3

Lodge with a RIS or Newstrack if appropriate and the Takeover Panel.
A copy must also be sent to the company the shares of which are acquired.

Date of disclosure

10 March 2005

DISCLOSURE UNDER RULE 3 OF THE RULES GOVERNING
SUBSTANTIAL ACQUISITIONS OF SHARES ('SARs')

Date of acquisition

09 March 2005 ..................................................................

Acquisition in (name of company)

Toledo Mining Corporation PLC...................................................

1. Class of voting shares (eg ordinary shares)

Ordinary Shares.................................................................

Number of shares/rights over shares acquired

18,250,000 Shares...............n/a .........Rights

If rights over shares acquired, as opposed to the shares themselves, specify
nature of rights

................................................................................

2. Resultant total holding of voting shares (and % of total voting shares in
issue)

144,150,000 21.40%

Resultant total holding of rights over shares (and % of total voting shares in
issue)

....................%

Total percentage

21.40 %

3. Party making disclosure

RAB Capital plc...............................................................

4. (a) Name of person acquiring shares or rights over shares

RAB Capital plc.................................................................

and, if different, beneficial owner

................................................................................

(b) Names of any other persons acting by agreement or understanding (see SAR 5)

................................................................................

Signed, for and on behalf of the party named in (3) above

................................................................................

(Also print name of signatory)

Neil Warrender..................................................................

Telephone and extension number

020 7389 7015...................................................................

Note 1. Under SAR 5, the holdings of and acquisitions by persons acting by
agreement or understanding must be aggregated and treated as a holding
of or acquisition by one person. Note 3 on SAR 5 requires persons who
must aggregate holdings to disclose certain disposals.

Note 2. The resultant total percentage holding of voting shares and rights
over shares is to be calculated by reference to the percentage held
and in issue outside treasury.

For full details of the SARs disclosure requirements, see Rules 3 and 5 of the
SARs. If in doubt, contact the Panel on Takeovers and Mergers, Monitoring
Section. Tel. No: 020 7638 0129.
Email:
monitoring@disclosure.org.uk


This information is provided by RNS
The company news service from the London Stock Exchange

bit of excitement here again.has everyone else sold out?

mac just been sitting around and waiting to see what happens if this carries on I might regret not going the whole hog. (first buy at 2.3p) still increasing my holding tomorrow not matter what happens. :-)

watcher

Hi guys. There's a heck of a lot of buying going on; what's caused the rush?

RAB invested, contracts signed to ship products, things must be going smooth at the mines involved, bright future ahead, no predictions.

Check web site of minesite there is a speacial mtg on July 4 re Capitalisation to say now thats Co.is established they wish to boldseter share price to by reducing No. of shares from what i can remember going to be 1new share for 50 old shares
you will find it in margin of web site on left hand side
If you wish to read artical right @bottom of artical last paragraph

Anyone know why?? I hate it when companies do this I always seem to end up losing!!

Nothing to lose, it's just a simple share consolidation. For every 50 of your current shares, you'll get 1 new share. Basically, it's to reduce the number of shares, and also to make the SP larger (50 x 2p = 1), just to shake off the 'penny-share' image. The company hope this will make them more attractive to institutional investors.

Well with this appointment today the cmpany looks to be attracting a major leader....

Toledo Mining Corporation PLC
15 November 2005


Directorate Change - Appointment of Chief Executive Officer

Toledo Mining Corporation ('Company') is pleased to announce the appointment of
a new Chief Executive to underpin the planned development of its Berong nickel
mine in the Philippines.

George Bujtor, a senior mining executive with extensive experience of
commercialising major mining projects, will become the Company's Chief Executive
Officer with immediate effect.

Chris Kyriakou has relinquished his duties as CEO of the Company, also with
immediate effect. However, he will continue as Chairman of the Board.

Chris Kyriakou said: 'This appointment reflects the potential of Berong
as one of the largest undeveloped nickel projects in the world. George's
exceptional experience and leadership will prove invaluable in progressing the
planning, environmental and commercial issues associated with this exciting
project. We are delighted to welcome him.'

George Bujtor has more than 25 years' experience in the metals mining sector. He
has held senior positions with Rio Tinto, including Managing Director Base
Metals Development and Managing Director External Affairs, Energy & Environment,
as well as overseeing the strategic planning and development of major aluminium
projects in his native Australia. Until recently, he was CEO of Aldoga Aluminium
Smelter Pty Ltd, and prior to that co-led the A$1.5 billion Comalco Alumina
Refinery project.

He holds a BSc (Hons) in Geology and two Masters' degrees in mining engineering
and mineral economics, as well as an MBA.

Toledo has already been granted one of the key approvals needed ahead of
development work on the Berong nickel mine, and is working to secure the
remaining initial approvals in the near future. Alongside the Celestial and
Ulugan deposits, Berong is one of three major nickel assets held by Toledo in
the Philippines, with a combined resource of over 350 million tonnes at 1.3%
nickel and an estimated total nickel content of more than 4.6 million tonnes.

Time for you people to start looking at Toledo, recent appointment of new CEO, completion of the road to site and real possability of Berong permit approval very very soon.

The Company has been successful in obtaining Free Prior and Informed Consent
(FPIC) from the Indigenous Cultural Community in Quezon, Palawan Province. The
consent is the first of two essential steps needed for Toledo to secure an
Environmental Compliance Certificate and Mineral Production Sharing Agreement
(MPSA).

Toledo Mining's Executive Chairman Chris Kyriakou said: "The Berong
project is one of the largest in the world, and this essential permit moves us
towards commencing work on site by the end of the year. The next step will be
the endorsement of the Palawan Council for Sustainable Development, and we hope
to receive this within the next two months."

That was said 29 September therefore the two months are about up, I have held these since March 2005 and I believe we will see real progress very soon, once this stock starts to move you will not get it easily as shares will be tightly held, also the volume that you will be able to buy will be small, but DYOR.

stewart3250


I whole heartedly concur with you but, how do you know the road to the site is complete?

Where did you get this info from?

TIA

tangle

I read a post on another Bulletin board that at the end of October there was less than 2 kms of road to finnish, I would have expected it to be finnished now, also another poster had said there is a road to the minesite, some assumptions made but a fair assumption I would say.

Bought some more this morning, hopefully there will be a run up towards end of Nov.

I hope you people took notice of my post yesterday, its up 6p already today, watch it go, large buys starting to come through, MM's seem very short of stock

Have had some for quite a while but I now feel that it is about to blow, some idiots selling though.

Morning all,

Very quiet here, remember what I said 10 days ago ??

why is this racing ahead??

licencing news imminent. see advfn thread

All the pieces to the jigsaw almost in place, only small amount of free float, the herd is arriving and we will see this sp at least double very rapidly...

PCSD approved, watch this fly now.

Palawan nickel mine gets LGU approval

By MELODY M. AGUIBA


The Berong nickel project in Palawan has obtained an endorsement from the Palawan Council for Sustainable Development and is set to complete an environmental compliance certificate (ECC) in order to start operations by the first quarter of 2006.



Ramon Antonio L. Flores, resource data manager of TMM Management Inc., managing company of British firm Toledo Mining Corp. (TMC), said the project has also obtained free and prior informed consent (FPIC) from the indigenous people (IP) Tagbanuas and an approval from the National Committee on Indigenous People (NCIP).

Getting these requirements made it closer to the goal of operating the nickel project in the next three months for which it is investing $10 million.

"It will just be for direct shipping at first," said Flores who stressed TMC may eventually decide to put up a nickel processing plant in the site once it finds such operations feasible.

TMC which is in joint venture (JV) with listed firm Atlas Consolidated Mining and Development Corp. (ACMDC, 60 precent stake) in Berong has been busy constructing and rehabilitaing access roads and a small pier to be able to ship the metal soon. The deposit is 17 kilometers away from the coast.

Estimated to have mineral reserve of 275 million tonnes, the Berong nickel project is eyed to produce an initial 400,000 tonnes on the first year which will be upgraded to as much as one million tonnes per year over a 15-year mine life.

The ACMDC-TMC joint venture is set to sell the ore to Japanese nickel smelters as it has an agreement to supply Nippon Metals and Alloy INc. 300,000 tonnes per annum of direct shipping ore at 1.3 percent nickel while it eyes to ship high iron material to Australia.

While preparing for the startup operations, the ACMDC-TMC joint venture is continuing to conduct exploration within the vicinity of the Berong project which actually covers 10,659 hectares on four properties (Berong, Moorson, Long Point, and Tagkawayan).

Estimate of Berongs deposit at 275 million tonnes at a grade of 1.3 percent nickel and 0.074 percent cobalt is making it one of the worlds largest unexploited nickel lateriate deposits based on 2,069 test pits at 300 meter spacing.

Wishing to be listed with the governments 24 priority mining projects, company officials believe the projects operations can be accelerated given a better priority rating which the project appears to deserve considering its vast mineral potential.

Projects within the Department of Environment and Natural Resourcess priority projects are assigned regulatory officers that look out on speeding up permitting for the mining operations.

stewart3250 - 12 Dec 2005 15:38 - 200 of 200
PCSD approved, watch this fly now.



Hi stewart - must say I have every faith that this may now be one of the "better" AIM plays to be in, over the next few years.

Been holding, and topping up on the dips, for over a year now. Looks like this is just about ready to get very interesting indeed.

Good luck to all L/T holders.

goldfinger - 29 Jul 2004 00:59
WARNING, this share is so speculative do not even think about buying it unless you can afford to throw your money down the toilet.



goldfinger - if you're still about, maybe the above comment should be ammended to reflect the fact that TMC are fast becoming a lot less risky.

TMC are looking a far better buy now than when the thread was first started imho.

Important rns confirmation this morning,should wake up now.