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.

Insider, b*ll*cks, I work nights in logistics. I think I've been studying this too long and feel that I can read it like a book. Like I said before, If only I had more money I'd know where to invest it.

I think f18 is saying there might be some insider dealing here, correct f18?

Last two trades do not make sence. 5,000 shares each, sold at 10p below the spread as a protected trade, T type sale.

Unless, they are purchases made at the bottom this morning and mm's are now allowed to falsify deal times to cause even more confusion.

Oily (your post 406), with me it's the other way around - if only I knew where to invest, I'd have more money!! :o)

Ellio, I think F18 is asking if Oily has been in receipt of some insider knowledge, but no, as the man himself says, he has been watching this stock so long he can read the MM's minds.

ellio

no, not insider trading just acute observation!

f18

Exactly

RNS more options exercised!

Price starting to rise, does this mean that mm's have stopped playing games for today, mission accomplished, lets see at end of day what theyv'e been up to.

The significance of 360p was, the price that Mr Cleary, director, sold 100,000 shares half of his allocation of shares. He now holds 100,000 shares.

If I were to submit an educated guess, all of his shares would have been snapped up by institutions, so there should be no adverse affect on the price.

1/3 of a mill in the bank and the rest to run, nice if you can get it?

After close last night, 100,000 shares, broker to broker deal.

JORC is due any day, this will send use further north.

up again today but no news yet.

So much news to look forward to including, annual results, JORC confirmation, MRSA approval,latest shipment details, and investment in processing plant. What will SP do after all that news.

I think we need to start a new thread as the title etc. is a little dated. Are we in agreement?

How about, Berong Nickel Copropation moves into full time production. Or, BHP Billiton Phillipines division. (LOL.) Or, Toledo target price now 20. I havn't got a problem with a new thread, except that, some of the research and information is not readily available because not everyone checks out old threads. The new one would have to re-summarise the full potential and resource values. I await a democratic decision.

very strong chart as below, though potential resistance at this level

The only reason for the resistance at this level is that, this is the current ball park price that the institutions are paying for the stock.