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.

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

MM's heading for a fall on balance of shares traded. Plus 57,000 bought more than sold and they drop the price by 7.5p, ugh? Trashing the price is totally unjustified. Unless they have suddenly found millions of shares that they forgot they had. haha Not a hope in hells chance. Last thing on Friday there was a large purchase that should have sent this racing away this morning, but they are playing their silly games again. A bit more patience and sp will move positively.

I don't get it. 80,000 surplus purchases and the price not moving? Last 3 trades on Friday bought 191,666 shares.

It Must move soon !!

I AM POSTING A SEVERE TRADING WARNING..................

IF YOU SELL ANY HOLDINGS IN TMC YOU MAY FIND YOURSELF LOCKED OUT..........

AS THIS STOCK BECOMES MORE LIQUID THE SP JUMPS WILL BECOME MORE SEVERE............

THE MM'S ARE CURRENTLY BUILDING UP STOCK AND NOT MOVING THE PRICE.......

THERE WILL BE A SUDDEN JUMP PROBABLY AT END OF DAY...............

JORC REPORT IMMENENT.......RESOURCE INCREASE.......NO DILUTION.........WORLD SHORTAGE OF PRODUCT.......DEMAND OUTWEIGHS SUPPLY.......BASIC RESOURCE VALUE INCREASING........WHAT MORE COULD YOU POSSIBLY WANT FROM AN INVESTMENT.

AS I SAID BEFORE, I AM NOT RAMPING THIS AS IT DOSN'T NEED IT. I'M JUST WARNING ALL THE SELLERS THAT IT MAY BE THEIR LAST CHANCE FOR SOME REAL MONEY. I'VE HELD THIS STOCK FOR OVER TWO YEARS NOW AND AT LAST I FEEL AS THOUGH WERE GETTING SOMEWHERE.

You may be right at present only able to buy 1500 max on line but can sell up to 50000!

Whoa!!

Up 14p in the last half hour, I told you so. All todays sellers are now out of the game.

a GOOD start today !!

Excellent, broken through 3 barrier in 10 mins of trading.

lets hope it ends the day around the 3 mark

I was hoping nearer to 4.

sounds good to me oily ! lets hope the mm's let it go


METALS FOCUS - Nickel premiums continue to rise amid tight conditions - Calyon

BaseMetals.com

Nickel physical premiums continue to rise as the market remains exceptionally tight, with low stocks and a strong demand in the stainless steel sector, broker Calyon said on Tuesday in a special report.

Supply tightness is reflected in persistently low LME inventories, which stood at around 5,000 tonnes during the past few months, it noted.

LME stocks fell by 36 tonnes to 4,980 tonnes on Tuesday, while cancelled warrants -- metal set to be removed -- rose by 14 percent, leaving only 3,390 tonnes of nickel available to the market, equivalent to about one day of global consumption.

"Although several stainless steel producers have indicated that they will cut output, this has not so far had any significant impact on the nickel market," calyon argued.

According to Brasilian iron ore producer Companhia Vale Do Rio Doce (CVRD), nickel production growth is "expected to meet the increase in demand in 2007", but with "no room for stock replenishing."

CVRD also predicted China would drive global stainless steel production, while a fast growth is also expected in India. The overall demand growth is due to remain solid, although some producers try to substitute from high nickel content steels (300 series) to lower or no-nickel content steels (200 and 400 series).

that was a nice buy 52000 @ 304