Interesting little company. Did a series of asset swops to leave them with half of the 4th largest Nickel deposit in the world.
The deposit itself is in the Philippines has been known about for 30 years but due to low prices and lack of demand in the Far East it was never exploited. With the explosion in demand from India and China the nickel price has climbed from $2 to $6.50 but oddly enough is still considered low.
The final approval stage for exploitation is just about to be approved and extraction will begin. The company already has one contract with a Japanese smelter and is in discussions with smelters in a series of countries.
Nothing clever about the operation, as the ore is of sufficiently high grade, they dig it up and ship it out. Infrastrucure is already in place for operation.
TMC is currently priced at 18m, the initial Japanese contract is worth 4m and each additional contract will hopefully be at this level or greater.
Final approval turns the company into a producer and each additional contract simply increases their size.
The management is tight with cash and has some good quality mining skills onboard.
The Philippine government is fast tracking the final approval and the company says it expects it shortly.
One to hold for approval and through the series of RNS's as more contracts are won. Company should be worth 50m in 6 months and 100m in 12-18 months.
Buy it, ignore it, just pointing this one out.

The numbers look impressive. Do we have any idea of the cost of production per ton including shipping and port handling charges? It would be useful if TMC could tell shareholders what the actual pure nickel yield is on the first shipments.

Last night was the highest closing price for TMC last year. Hopfully onwards and upwards from here. This is fast becoming a liquid stock, strangely the price only moved up after a few larger sales. Institutions are waiting to buy any availiable stock, so beware it is possible that once you sell you may not get back in by shorting.

Another nice gain today plus 6p. Keep the pressure on MM's with buying and this stock will keep moving.

Yup - looking good now.

There is a clear technical run up to 180, once it breaks past 180 the sky is the limit.

http://business.guardian.co.uk/marketforces/story/0,,2029295,00.html#article_continue

Market lifted by mining talk, Wall Street's bright start

Nick Fletcher
Thursday March 8, 2007
Guardian Unlimited

A rise in metals prices and a touch of corporate news lifted the mining sector today.

Kazakhmys added 32p to 11.24 after it made a move into the petroleum business with the purchase of Dostan-Temir, a Kazakhstan based company which has the right for an exploration contract in the west of the country. Kazakhmys chairman Vladimir Kim said the move was the first step to diversifying its business.

Seymour Pierce said the deal was a surprise, and advised clients to hold the shares.
"Unexpectedly from our perspective, Kazakhmys has decided to move into the oil and gas sector rather than launch the expected bid for Eurasia, the diversified Kazakh mining group," said the broker's analyst Charles Kernot. "The company will publish its financials for 2006 on March 15 so there may be more information on this and the potential Eurasia acquisition at that time."

Credit Suisse, joint broker to Kazakhmys, added, "Next week's results could contain further acquisition announcements and numbers on the Dostan acquisition, in our view. Outside of petroleum, nickel, zinc, iron ore and coal are also at the top of the group's wish list as they strive to become the 'BHP of Kazakhstan'."

The mining sector has been rife with talk of consolidation, not least between Xstrata and Anglo American. But analysts were suggesting today that Xstrata, up 28p to 24.69, and BHP Billiton, 19.5p better at 10.32, may be interested in nickel producer LionOre. "This is the last remaining pure nickel play of significance," said Evolution Securities. "Any of the majors could be interested in this one - Xstrata, BHP or [Brazilian iron ore producer] CVRD in particular as these groups seek to gain a cartel-like grip on nickel."

Evo tipped European Nickel, up 1.75p to 56p, and Toledo Mining, up 1.5p to 150p, as other potential targets.

They've closed the spread to 3p, so hopefully we should now see some movement in SP. Expert, what do you mean by a clear technical run up.

Exerccise of share options by chairman Kyriakou may well be a positive signal as well as raising 500000 for the company?

50,000 purchase gone through and SP didn't even flicker. I bet MM's didn't like that purchase as I believe they have another large order to fill.

Toledo Mining Board Appointment


RNS Number:9013S
Toledo Mining Corporation PLC
13 March 2007

TOLEDO MINING CORPORATION PLC
("Toledo" or the "Company")

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

The directors of Toledo Mining Corporation plc (AIM : TMC) are pleased to advise
that Mr Reg Eccles has accepted a position on the board as an independent
non-executive director.

Mr Eccles has extensive experience in the mining industry, specialising in the
areas of planning, strategy and finance. He has worked for major international
mining houses (Anglo American Corporation and Consolidated Goldfields plc),
co-founded a successful minerals consultancy and publishing business and served
as Head of Global Mining Equities for both SBC Warburg (now UBS) and ABN Amro.

Following the appointment, the Company has granted options to Mr Eccles over
100,000 ordinary shares in accordance with the Company's Share Option Plan. The
options have an exercise price of #1.75 each; expire on 30 November 2011
(subject to that under the plan, unless exercised, the options expire 90 days
from the date the grantee ceases to be a director of the Company) and may be
exercised at any time up to their expiry date.

APPENDIX

Further information required by paragraph (g) of Schedule Two to the AIM Rules


Full name Reginald George Eccles

Age 61

Current directorships Metals Analysis Limited
Belitung Zinc Corporation plc

Directorships within the last five years Tarquin Resources plc
Yilgarn Gold Limited (Australia)
Metals Economics Group (Canada)

The Company confirms there is no additional information required for
notification in accordance with Schedule 2(g) of the AIM rules.

13 March 2007

For further information contact:

Annie Richards, Toledo Mining Corporation plc: +44 (0) 20 7514 1480
Charles Vivian, Pelham Public Relations +44 (0) 20 7743 6670
Hugh Oram, Nabarro Wells & Co Limited +44 (0) 20 7710 7400


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

BOAVXLFFDXBBBBB

Going well now on story in Shares magazine of possible takeover bid. 2 here we come!!

Surprised no one posted latest news update
http://www.pse.com.ph/html/disclosure/pdf/2007/pdf/dc2007-1677_AT.pdf
cyril

Halifax, never mind 2 per share. A 1billion offer would be worth over 30 per share. We dont want an offer just yet. Wait until we have a proven track record, some growth and possibly a joint venture. Vat leaching with the full MPSA in place would bring us real value. Our share of total resource would be circa 20billion over a 30 year period. That is 22 per share per year. WHAT IS THAT REALY WORTH. A lot more than 2.

Nice all blue so far. Price rising MM's must be short of stock, If you don't sell to them the price keeps rising, when will people learn. Keep buying and watch it grow.

I said there was another buyer in the background, AXA have increased their holding.

I agree, this stock is way undervlued. 2 pounds is peanuts for such a stock, it is worth way way more. At some stage i'm sure this will be taken out by a major player. There are a number of majors currently seeking takeover targets in the Phillipines. I'm sure this is on some radars.

2 is a long way from my target price merely pointed out SP is on the way to that level. Am I mistaken but are MMs showing buys as sells today as these are being inserted on a time basis after they have moved the spread upwards? I have increased my holding in anticipation of news regarding shipment progress.

Almost 99% buys today.
Will be looking to hold until at least 5 on TMC. I increased my holding this morning and the new ones are already in profit same day including costs.
Any attempt for a buyout less than 5 can forget it.
With two other sites in Phillipines being developed I can see 5 as the absolute minimum even if the crazy price of nickel falls.
Production will increase with the conveyor belt and contracts coming on line.

TMC plan to ship 1 million tons this year. In my estimation that will yield a profit of around 20M, with 28M shares in issue and a pe ratio of 10, that would give us a share price of around 7.00.

4 x 25,000 shares gone through at 10p below the spread. I have a hunch that these are institutional buys and not sales. Are we being conned again? Having said that, at +15.5p so far today I,m reasonably happy.