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,

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.