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.

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.

don't care for 8p spread much either .... but just managed a cheeky buy at 358 = 5p below indicated!

Well done, Cynic. Although the 8p spread is pretty much the norm.

I'm currently out of this, fully invested elsewhere, but good luck to all.

The 25,000 share trade recorded an hour late was a purchase not a sale. You get this all the time on this one. With mm's trying to con everyone about what is really going on, proves that there is true value about to come out on this epic.

i'll believe it when i see it ..... or smack you in the gob if you have got it wrong! (lol)

I havn't got it wrong. MPSA imminent, JORC imminent. Trading update soon, and massive institutional investment. Why? Because with 80billion resource in the ground this company has got to be worth more than 100 million. When in full production, within 4 years, this companies annual profits are going to be worth more than the current market capitalisation.

don't be so touchy! (lol!)

LOL. You boys just behave!! :o)

Good arguments, Oilyrag. I keep telling myself I need to review critically this company once more.

Sorry, not being touchy, just confirming my beliefs. This has gained 190% in value this year and 335% in value since I first bought in at 107p.