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.

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.

oh go on ...... continue being ratty so i can tease you some more!

just ignore cynic, he posts on stock threads in which he as no interest. probably bored out of his t*ts so he'll spend all day provoking responses from responsible investors

f18

Forti ..... shall restrain myself no longer ..... FUCK OFF! ... squelch me if you don't like my posts .... as it happens i hold as you would know if you bothered to check back a little

Large trade 30,000 shares just gone through, recorded an hour late. I wouldn't mind betting that it was a purchase as it coinsided with the price fall. It would however appear on the surface, to be a sale. Confusing isn't it.

JUST BEEN ON THE OTHER THREAD AND IT SEEMS THE GMB HAVE AWARDED BNC ITS 25 YEAR MPSA WITH ITS SMP COMING TO AN END IN NOV 2007. FEASIBILITY REPORT COMPLETE.

F18

If these rumours are true, and time will tell, then we are about to lift off. SP movement would possibly substansiate rumours, however I am waiting for RNS to confirm.

certainly no rns yet, but equally certainly sp is getting very agitated!
oily-boy ..... thanks for twisting my arm into buying yesterday, even if i did follow my culture by buying at wholesale rather than retail price!

Its a pleasure, My timing seems to be immpecable on this one. I'm keeping everything crossed at the moment. This could go to 10-20 within the year, I would strongly advise that if you are too tempted, take a profit, but don't sell all leave a free ride and secondly don't set any stop losses as the mm's have a habit of trashing the price to get stock. Good luck.

Hello me again ...even here... :-)

I got in this morning (couldn't post before because I am busy trading on the other side Milan)
wow I certainly don't complain..

thanks Oilyrag to have mentioned yesterday on the HAWK thread
last night after my researches here i am ....
busy now see you later...

thanks for the advice oily ...... not the sort of stock on which i would place a stop-loss anyway ..... nor do i have any predetermined target ...... have not even started to think whether or not i shall retain long term as a core holding or trade comme d'habitude.

Apparently, Horatio C Ramos, one of the board of Atlas Consolidated has told a Phillipine newspaper of 10 companies whose mining permits have been accelerated to attract more mining companies to the Phillipines. Although the words MPSA wern't used he did say that Toledo's annual temporary permit had been extended to one of 25 years. This is the MPSA or as good as when substansiated. Toledos chairman has been quoted as saying that the sp should hit 10 within 3 months of MPSA being granted. All we need now is RNS.

sod the RNS ..... just the 10.00 will do me fine, so long as that is per share and not the value of my total investment!