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.
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.
goldfinger
- 01 Sep 2004 00:34
- 100 of 203
Like I said we should have some news very soon.
cheers GF
goldfinger
- 04 Sep 2004 23:56
- 101 of 203
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.
goldfinger
- 08 Sep 2004 01:23
- 102 of 203
Wheres the news?????????????????????,
cheers GF.
aldwickk
- 08 Sep 2004 08:35
- 103 of 203
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 ]?
goldfinger
- 20 Sep 2004 12:51
- 104 of 203
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.
goldfinger
- 24 Sep 2004 11:37
- 105 of 203
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.
goldfinger
- 06 Oct 2004 23:39
- 106 of 203
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.
aimtrader
- 10 Oct 2004 19:51
- 107 of 203
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!!!
PARKIN
- 12 Oct 2004 11:57
- 108 of 203
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
goldfinger
- 12 Oct 2004 13:00
- 109 of 203
Thanks for flagging this up Parkin, have asked Ian if he would change over the name and code.
cheers GF.
IanT(MoneyAM)
- 12 Oct 2004 13:11
- 110 of 203
Goldfinger,
I have received your E mail and will get JT to make the necessary changes,
Ian
ptholden
- 12 Oct 2004 16:48
- 111 of 203
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
aldwickk
- 12 Oct 2004 22:03
- 112 of 203
Do thing there will a lot profit taking at 3p , which as been suggested.
aldwickk
- 12 Oct 2004 22:05
- 113 of 203
Sorry left out the you.
aldwickk
- 12 Oct 2004 22:07
- 114 of 203
and be
ptholden
- 12 Oct 2004 22:49
- 115 of 203
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
Andy
- 13 Oct 2004 00:17
- 116 of 203
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.
goldfinger
- 13 Oct 2004 02:23
- 117 of 203
Thanks Ian. Wondered why on another site this morning they said they were up.
cheers GF.
IanT(MoneyAM)
- 13 Oct 2004 09:05
- 118 of 203
goldfinger the thread name and Epic have now been updated as per your request.
Ian
ptholden
- 13 Oct 2004 09:39
- 119 of 203
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