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.

During the time I posted the last post, trade deficit dropped to 21,000 and sp down 11p. Morons.

Almost recovered in late trading after 25,000 all blue trades. Minus 2.5p on the day so far. I want a good finish in the last hour, so that all the morons that sold out, are left out, and we can then concentrate on some steady growth by keeping our holdings and making the mm,s sweat a bit.

Whilst typing the last post, TMC gained 3.5p and is currently plus 1p on the day, remarkable.

I wish I had topped up when it dropped ! :(

Managed to buy on the dip @ 182.5. Looks like I started something...
Thanks niceonecyril for the tip (IEC thread)

Topped up 2,000 at 1.80p.

wish I had laurie, but still pleased with it, if it should drop again I will be a bit quicker next time :)

Just needs to get past the 2 mental block and then 2.50 is fairly easy but 2 has proved a barrier so far.

Up 1p by close, it looks like a classic tree shaking as the mm's are short of stock. They may have triggered some stop losses at the same time may have flushed out some hot money. Onwards and upwards we go!

Looks like the same scenario as yesterday, look out for top up opportunities.

MM,s mucking about with the spread again. Down 2.5p should only be down 1p because the spread has been opened by 3p. An observation that I have just made is that, all the late trades that are being reported are not affecting the price. Yesterday after the recovery in share price I was of the impression that it didn't matter what trades were made the SP was sticking at plus 1p.

Talking of price manipulation, I feel that the only time during the last year or so, when the SP on this epic wasn't being controlled, was during the last couple of weeks probably because institutional investment has gone as far as it can without them treading on each others toes.

Oilyrag
I noticed a strong hand from the mm's in 6 different shares yesterday all with strong tree shakes.
Do you think someone was doing a fund raiser for their holiday?
I still think it should be illegal to drop the sp for sales.

I agree all this suggests the MMs know some positive news is imminent

Which is tantamount to insider dealing, which I believe is illegal and they should therefore all be locked up, so that we can all take their, our money and go on holiday. ha ha.

What really confuses me is, that having a 9p spread as they have at the moment, is designed to stop people wanting to trade. Surely as the MM's work on a commission basis this dosn't make sence. Shouldn't they be encouraging more deals by closing the spread therefore making more money honestly. Its about time that we had a level playing field and ended some of these 40% spreads. Who do we see to try and get some thing done about this. Any ideas.

It would appear that the price has been fixed for today, irrespective of trading position. This confirms what I've been saying about spreads and price fixing.

http://www.atlasphilippines.com/

Toledo Mining Corporation PLC
23 March 2007

Toledo Mining Corporation Plc
('Toledo' or 'the Company')



Exercise of Options / Director Shareholding


The directors of Toledo Mining Corporation Plc (AIM : TMC) advise that on Friday
23 March 2007, the Company allotted 200,000 new ordinary shares of 5p each (and
received 300,000 in subscription monies) following the exercise of options.



In addition the Company advises that on Friday 23 March 2007, it allotted 50,000
new ordinary shares of 5p each (and received 50,000 in subscription monies)
following the exercise of options.



The Company has made application for admission to trading on AIM of the 250,000
new ordinary shares and trading in the new ordinary shares is expected to
commence on or around Thursday 29 March 2007.



The Company further advises that a director, Mr Robert Cleary, exercised options
over 200,000 ordinary shares (which number is included in the above mentioned
total). Mr Cleary has subscribed 300,000 in respect of this exercise.
Following this exercise, Mr Cleary holds an interest over 200,000 ordinary
shares in the Company.



In accordance with the FSA's Disclosure and Transparency Rules, the Company
would like to notify the market of the following:



- As a result of the allotment of the 250,000 new ordinary shares, the
Company's share capital consists of 28,588,333 ordinary shares with voting
rights. The Company holds no shares in treasury.



- Therefore, the total number of voting rights in the Company is 28,588,333.



The above figure may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the FSA's
Disclosure and Transparency Rules.



23 March 2007

As long as directors are not selling shares their current exercise of options at 1.50 should indicate their expectation of a further surge in the price of TMC. News of Xstratas bid for Lionore may focus more attention on the cheapness of TMC.