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.

very strange .... now a huge 15p spread here ...... would have thought MMs would have closed same rather than doubling ..... perhaps just a temp aberration

That's how they shake the tree to get a few punters to part with their stock and/or take profits.

now: TMC Bid: 410p Offer: 420p Change: 69, was 418/425 or something a few minutes ago.

Whats made it jump to such hightsall of a suddun.
what they struch.

Parkin, read post 444.

Oilyrag, it looks like all you predictions have been spot on to date. What price do you see TMC attaining by end of June?

I think, and it is purely a guess, that the price is being held back for now awaiting confirmation of what we believe to be the case. If confirmed, I would like to think that it will surge again. Given that the chairman seems to think 10 within 3 months of MPSA being granted, I would guess at 10-4=6 divided by 3 equals 2. Possibly a 2 gain on current sp by end of June. IMO just using averages. It may well fly all the way, it may be held back by mm's. I shall use the above measured against time to see if the price is ahead or behind schedule. If however your in it for the long haul then all this is totally irrelevant. Good luck to all DYOR.

22,000 bought and only 1,000 sold since the last movement in sp, very strange, almost the quiet before the storm.

They are definately holding the price.

13:36 Time when price started to move again. Was this for an inst buy? Lets see at 14:36 or 15:36 for what trades go through to see why they held price.

I have searched all my possible news sources (and thats quite vast) and the article appears fake, thats why no link.

It could just be a ramp, and if it is, then the poster who posted the article could be heading for serious trouble.

Faking a news report, in order to influence the price, is a very serious offence.

I'll take it back if the article is real, but so far, on my searches and questions, the article appears fake.

At 13:30 just gone through 15,000 at 412p was a buy not a sell.

Interestingly enough, Papalpower, I, too can't find any article on this Horatio Ramos' comments.
Oilyrag, please paste the article here if there is one.

Is there actually an article being circulated?, usually the price doesn't ramp-up even if there is dubious articles flying around. The price has been moved up based on some knowledge within the city, and they must definately feel there is no smoke without fire??

I'd hang fire on what is and isn't real or substantiated until more concrete info arrives ie an rns, but in any event it seems to me and others that the price has building up steam for quite a while, it's not as if it hasn't got good reason to be re-rated?

I havn't got a copy, like I said I heard it from a very reliable source who found reference to it on advfn. The board over there has been going crazy all day.

Well, I have forwarded it to the FSA under Market Abuse.

Either the article is fake, which is market abuse, or the company is withholding information, which is market abuse.

Either way, it should flush out some kind of confirmation its true, or denial, so hopefully that will help clear up the rumour into fact, or fantasy.

I do hope pp that you are not suggesting that I am responsible for starting the rumours. Fact, my first post of today was at 08:36. SP at this time was up 26p to 373p bid 374p offer. Fact, Fortitude 18 also posted before me at 07:55 with reference to the same on advfn. This encouraged me to make enquiries with my mate who confirmed what Forty 18 was on about. I assure you that all my posts are to my knowledge of the utmost integrity.

Here is a copy of post no 438 by Fortitude 18 timed at 07:55 just in case you missed 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.

AND ANOTHER THING, I'M HOLDING AND REMAINING A HOLDER FOR THE FORSEEABLE FUTURE.

FROM ADVFN

J UPDATE: Philippines Issues 10 Mining Exploration Permits



(Adds information)



MANILA (Dow Jones)--The Philippines has approved 10 mining exploration permits in a bid to boost mining investment in the country, a senior government official said Tuesday.

Mining companies which were given new exploration permits include Ivanhoe Mines Ltd. (IVN), Horacio Ramos, executive director of the Mines & Geosciences Bureau, told reporters.

Ivanhoe will be exploring for copper and gold in Bohol province in the central Philippines.

Ramos said the government has also extended a mining permit earlier given to Toledo Mining Corp.'s Berong nickel project in the central Philippines.

"Berong now has a 25-year mining permit," he said.

Toledo was earlier given only a one-year operating permit for Berong.

Aside from Ivanhoe, mining firms which were given mining exploration permits include Norte De Oro for copper and gold, East Coast Mineral Corp. for nickel, Colossal Mining Corp. for iron, Apex Mining Corp. for gold and iron and Hardrock Mineral Corp. for iron and nickel.

Most of the exploration permits issued involve potential mining areas in Mindanao in the southern Philippines, Ramos said.

He added that the government is reviewing an application made by Agusan Petroleum and Mining Corp. for a large-scale mining operation on Mindoro island through a financial and technical assistance agreement.

An FTAA allows foreign-controlled mining companies to undertake mining operations in the country.

The Mines & Geosciences Bureau may decide on the application in three months, Ramos said.

According to Ramos, Agusan is controlled by Ramon Ang, president of San Miguel Corp., Southeast Asia's largest food and beverage conglomerate by sales.

Last month, SMC disclosed that it planned to diversify operations to include infrastructure, energy and mining.



-By Rhea Sandique-Carlos, Dow Jones Newswires, 63-918-9014158; rhea.sandique-carlos@dowjones.com



(END) Dow Jones Newswires

June 05, 2007 04:00 ET (08:00 GMT)

Copyright (c) 2007 Dow Jones & Company, Inc.

Here we have a copy of the article. PP is a total idiot and liar, don't pay him any attention.

"05/06/2007 05:18 Philippines Issues 10 Metallic Mining Exploration Permits


MANILA (Dow Jones)--The Philippines has approved 10 mining exploration permits in a bid to boost mining investment in the country, a senior government official said Tuesday.

Mining companies which were given new exploration permits include Ivanhoe Mines Ltd. (IVN), Horacio Ramos, executive director of the Mines & Geosciences Bureau, told reporters.

Ramos said the government has also extended a mining permit earlier given to Toledo Mining Corp.'s Berong nickel project in the central Philippines.

"Berong now has a 25-year mining permit," he said.

Toledo was earlier given only a one-year operating permit for Berong.

-By Rhea Sandique-Carlos, Dow Jones Newswires, 63-918-9014158; rhea.sandique-carlos@dowjones.com

(END) Dow Jones Newswires