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.

It will be interesting to see what today brings !

Rumour has it that TMC are having a private placing of an extra 20% of shares, which equals approx 5.58 million shares at a price of 210p to raise their part of the capital for the processing plant.

Some of the local construction costs should be bank financed as stated by Atlas. TMC'S 56% share amounts to 7million approx with IVK funding the balance as Atlas are using the $5million loan from TMC to pay their share. So if that is the case there is no need for TMC to issue 20% more shares which at 210p would raise nearly 12million. No doubt all will be revealed shortly. IVK's board meet May 17th, Chris Kyriakou appears to have a beneficial interest in about 35% of the company, which owns directly and indirectly about 25% of Berong Mining Corporation.

Nickel price reaches $50,000 per tonne

The 5 large sales on yesterdays trades sheet, were in fact institutional buys totalling 240,000 shares. If you trace the (sale) to its proper time slot you will notice that the prices are at the higher end of spreads and sometimes above the spread. The MM's conned a lot of traders and triggered many stop losses by moving the price down to plus 1p, then within minutes all the above mentioned trades were completed and suddenly we had a 12p gain on the day. I keep saying that if you sell now you will not get back in at a cheaper price. This share is going all the way up to...........god knows where.

The idiots are falling for the same trick again. If it drops enough I will be topping up, but can only afford about another 800 shares as I'm fully committed at present on many fronts. I'm looking for 250p. Price only falling at the moment because MM's are shaking the tree again, I'm waiting to buy and take advantage of their games.

Has that feeling like it's going to test 300p, then one huge leap and it'll flatten out around 350 until more news comes? all imo!

The rumour that I passed on in post 226, has now been dispelled by TMC management. There is to be no dilution.

Topped up today 800 times 261p. Price jumped 3p immediately after my trade. Management of TMC are quoting 20 per share within a year or so.

TWO LARGE BUYS GONE THROUGH THAT HAVE BEEN RECORDED AS SELLS AGAIN. 95,419 shares at 8:13 and 50,000 at 8:16. Posted on trades page an hour later, but when you trace back in time order they are deffinately buys. At least the institutions are now being forced to pay market prices for their shares.

very late to the party but I swopped a few sola today to pick up a few--price is racing away and looking very good! I think GF tipped these a couple of years ago around 2p and I bought---wish I'd kept them!!!

WELL Oilyrag we see 300p soon :)

My guess last week was 2.50p Tuesday and 3 Friday so hopeful for tommorrow.

MM's struggling, fancy opening the spread right up to give the impression of a falling stock, in an attempt to scare profiteers out. Anytime now or at the end of the day there will be another sizeable institutional buy. Then I expect the price to kick on and up.

Lets hope it breaks the 3 barrier to get that out of the way!

Wow, just as I said, 125,000 shares at 288p, 2p above the spread at 16:29 on a protected trade. How original, now prehaps this stupid mark up of only 2.5p on over 500,000 buys more than sells will actual rise to the level that it should be.

As has been said before the MM is trying to present a confusing picture with buys being shown as sells and vice versa why they do it who knows it doesnt fool anybody. I dont know why the FSA doesnt step in to stop this deception?

Would someone have to make a complaint before they take any action, and would the outcome be satisfactory to us?

Some idea of Nickel scarcity,
www.purchasing.com

bull run $25/lb

cyril

Not sure why above fails so try typing it in, works fine.

Another report
www.purchasing.com/Article/CA6428615.html?ref=nbra


cyril