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.

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.