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.

What I can't understand is why the mm's deliberately triggered all the stop losses when they supposedly had a glut of surplus shares from institutions. If they in fact had moved the price up instead they would have made more money and disguised the inst's sales much easier. I thought about getting in at 284p but dallied and got in at 297p just after a sudden 10p rise.

Easy money fleecing nervous pi's and fools on margin/credit

MAY BE ONE TO WATCH !

Date: Thursday 10 May 2007

LONDON (ShareCast) - Finnish miner Talvivaara today announced that it plans to list on Londons main market via an initial public offering in June and is said to be looking to raise 200m.

Talvivaaras primary focus is on nickel and zinc using a technology known as bioheapleaching to extract metal out of low grade ore, a technology widely used for other metals, especially copper and gold.

In February, the group acquired the rights to mine the Talvivaara deposits, which comprise one of the largest known sulphide nickel resources in Europe, with 266m tonnes of ore in measured and indicated resources.

Talvivaara added that its resources are sufficient to support production for a minimum of 24 years, with an expected annual nickel output of about 33,000 tonnes. In addition, the mine is also expected to produce about 60,000 tonnes of zinc, 10,000 tonnes of copper and 1,200 tonnes of cobalt.

The group said it has a 10-year off-take agreement for its main output of nickel and cobalt with Russian company Norilsk Nickel.

JPMorgan Cazenove is sponsor, sole global co-ordinator and bookrunner for the proposed offering, while Nordea is co-lead

manager.http://www.talvivaara.com/index.phtml?page_id=1049

Up again this morning: TMC Bid: 325p Offer: 335p Change: 11 221K traded

And a sudden skid down to 305p on today's RNS:

oledo Mining Corporation PLC
14 May 2007



14 May 2007


TOLEDO MINING CORPORATION PLC
'Toledo' or the 'Company'


DIRECTOR DEALING


The directors of Toledo Mining Corporation plc (AIM : TMC) advise that a
director, Mr Reg Eccles, has advised the Company that he has sold 75,000 shares
in the Company at a price of 302.33p per share. Following these dealings, Mr
Eccles holds an interest in 25,000 ordinary shares in the Company, representing
0.09 per cent. of the total voting rights of the Company.

Smacks of a buying opportunity to me.

Clawing its way back up off the low of 303: TMC Bid: 308p Offer: 317p Change: -6.5

THis was up first thing today and then its gone and droped again

Mr Reg Eccles is a lucky man.

11/05/2007. He exercises his warrants of 100,000 shares for a consideration of 175,000.

14/05/2007. He sells 75,000 of these at 3.025 totalling 226,875.

This grosses him 51,875 to pay his tax bill and 25,000 shares free of charge in three days, excluding dealing charges.

XTA upped their offer for LOR to $25 per share from $18.50. Total valuation of LOR by XTA is now over $6 billion. I am off to research it but I believe TMC has more nickel than Lionore.

Lionore production figures for 2006.

Tati Nickel 13,677 tons 85% owned.
Nkomati Kickel 4,826 tons 50% owned.
Lake Johnston 9,737 tons 100% owned.
Waterloo 1,077 tons 100% owned.
Black Swan 7,190 tons owned.

Thunderbox 155,203 ounces gold 100% owned.

Honeymoon well project 1 million tons nickel contained 80% owned.

Lionore's actual nickel production for 2006 was 29,920 tons, this is about 18.47% of what Atlas are forecasting for Berong in 3 to 4 years time. There is also Ipilan and Ulugan to take into account.

Therefore this is further confirmation that at approx 5 times the resources of Lionore, TMC should be worth $100 per share or 50 approx.

Well, I have finally sold the last of what I am going to sell of TMC, the rest remains as a free carry now. Its been a good stock, I have made some very nice profits, but time to move on now.

TMC could be worth a lot of money, but it needs MPSA awarded so that they have a 25 year term, this will allow proper forecasting and will also get takeover interest going.

Presently, with 6 months left on a temporary mining permit (which can be applied to be extended once for 12 more months should MPSA not be given), its not going to attract any takeover interest imo, as its still too risky until they get MPSA awarded and have the 25 year term for mining.

I will no doubt buy some more back if and when MPSA comes, but until then, profit taken and now it worries me not if it goes up or down.

Good luck all, and hope it continues flying upwards for you.

testing break points, up- down, making sure before it runs again imo. still confident of a 400p push, it may walk straight through 400 as more buy-in then the hurdle will be 500p! dyor, wishful thinking as well of course!

TMC Bid: 325p Offer: 333p Change: 3

Volume hasn't been much at only 67k, but I like the fact that this continues to climb back towards its recent high.

Is Barclays 5% holding new?

Halifax, No................. The 5 times 25,000 trades that have all been delayed by an hour in recording, are all BUYS.

Can't be that many shares in free circulation? this should move up easy, still cant understand that director sale though.

Date Holder +/- Amount Shares held %
09-05-2007 Presidio Capital Holdings - 553,970 1,024,762 3.5700
23-03-2007 Fidelity International Limited - 88,000 1,764,544 6.2000
13-03-2007 Chrisilios Kyriakou + 400,000 1,400,000 5.0182
20-02-2007 Investika Ltd + 1,461,204 3,191,019 11.4000
05-02-2007 AXA - 50,000 4,055,850 14.7200
25-01-2007 AXA + 253,343 4,105,850 12.2700
28-12-2006 Fidelity International Limited + 170,600 1,852,544 6.7200
27-11-2006 Presidio Capital Holdings - 1,578,732 5.7300
27-11-2006 AXA + 180,000 3,852,507 13.9800
26-10-2006 Resources Investment Trust - 465,000 - -
25-10-2006 AXA + 285,000 3,672,507 13.3300
13-10-2006 AXA + 315,000 3,387,507 12.3000
02-06-2006 Fidelity International Limited + 105,000 1,681,944 6.1100
23-05-2006 AXA + 225,000 3,072,507 11.1500
23-05-2006 Fidelity International Limited + 30,000 1,576,944 5.7200
17-05-2006 Fidelity International Limited + 150,000 1,546,944 5.6200
16-05-2006 Fidelity International Limited + 372,500 1,396,944 5.0700
05-05-2006 Investika Ltd - 1,729,815 6.3000
05-05-2006 AXA - 629,625 2,847,507 10.3400
26-04-2006 AXA - 3,477,132 12.6200
*Shares held may be duplicated between holders.

Maybe he couldn't afford to buy them, and with the option running out, had to borrow the money short term to liquidate a free holding of 25,000 shares. This scenario would make sence and is purely guesswork. Nothing else fits..............Does anyone know where a shares availability can be checked by anyone so that the market makers cant continually cheat investors?