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.

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.

Someone give me 50 million, I'd buy the company. Todays fall is an absolute joke.

the grand old duke of york .... etc etc etc

Yesterday they sting us with an 11p drop when 62,000 purchased against 58,000 sold. Today 18,000 purchased and no movement so far, what gives.

Hooray 0.5p at last!

38,000 bought 18,000 sold at 10:30am and they move the price down. IF THATS NOT FIXED THEN I DON'T KNOW WHAT IS. CHEATS, CHEATS, SWINDLERS , PIRATES, LOCK THEM ALL UP AND THROW AWAY THE KEY. I Hope that the buyer on the end of this one gets all the availiable stock to stop this nonsence.

Opportunity to top up as operations update due shortly and company year end 31st March.

agree + GPN UP well today ?

This time make mm's sweat, by not selling out and the price will keep rising.

you never know we may see 2 this week at some point ?

Today?

TMC is still way undervalued, it has a lot of catching up to do. The operations update should be out in the next two weeks and there is a lot of anticipation.

A broker deal for 375 shares just gone through, they must be really short of stock. This could be on the verge of a substantial rise.

oilyrag, well just over 4% 2day More to come !!

Price going up !

SP heading south today MM shaking the tree again! Presumably progress report due soon?

Quarterly Operations Update was on the 19th April last year so we should get it by end of this week.

From Investika

18 April 2007
Company Announcements
The Australian Securities Exchange Ltd.
Dear Sir
Re: Quarterly Activities Report to 31 March 2007
Berong Nickel Project, Philippines (18.7% Direct interest, 6.2% indirect interest)
A total of approximately 121,391 tonnes of laterite nickel ore was shipped to China in three separate shipments-
o Shipment 1 18,819 wet metric tons 1.44% Ni
o Shipment 2 51,103 wet metric tons 1.57% Ni
o Shipment 3 51,468 wet metric tons 1.51% Ni
At quarter end, a fourth ship of over 50,000 wet metric tons was one day short of being fully loaded, with a fifth ship of similar capacity currently being loaded.
All ore shipments were extracted from the bulk metallurgical sample area, and are being tested in various plants across China to assess the suitability of the ore in the Chinese nickel pig iron, acid leaching and ferro-nickel processing plants. Initial test results indicate the Berong ore is of superior quality with low phosphorus content. This will pave the way for long term supply contracts.
Production is on track to reach the export target of approximately 900,000 wet metric tons for 2007. However, production will be heavily dependent on weather patterns and rainfall levels. Production costs are as planned.
Demand for nickel ore, across all grade ranges from 1% to above 2% nickel ore grade, exceeds supply by a large margin. Consequently, nickel ore payment terms continue to rise to historical highs. Up until late 2006, laterite nickel ore prices were based on individually negotiated producer prices. Today, laterite ore prices are directly linked to the LME nickel price as a percentage of the LME price. The percentage varies according to the nickel grade and is calculated on the contained nickel content of the ore, on a dry basis. The Berong project is able to supply all nickel grade ranges, and all sales are directly linked to the LME nickel price. No hedging is undertaken.
The access road from the bulk metallurgical sample area to the commercial mining area has been completed and bench formation commenced. Future ore shipments will come mainly from this area where nickel ore grades are higher.
Project activities currently underway or being programmed include the design of the permanent office and accommodation village, construction of the assay laboratory facilities, the design of the Dangla road and the assessment of the trestle conveyor for the direct loading of ships. Permit approvals have delayed thestart of construction of the Dangla road, a dedicated haul road without community development along its route. Modelling of the sea conditions and design of the trestle conveyor continues.
A JORC compliant mineral resource prepared by Snowdens Mining Industry Consultants from Perth, Australia was completed in draft form and is currently being reviewed.
The assessment of processing options to add value to the large Berong lateritic resource continued. SNC Lavalin is undertaking this work and covers the metallurgical testing of the various ore types and assessing the most suitable processing options covering high pressure acid leaching, vat leaching, ferro-nickel smelting and the Chinese nickel pig iron process.

RNS TMC all of the above and Cellestial 1.5 million wet tons and DSO IN 2007.
wow!