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.

The co. didn't release an RNS because they don't officially know yet, hence the wording in the RNS....

"The Directors note the statement by the DENR today that it has approved an MPSA for the Company's Berong nickel project and are looking forward to receiving the supporting paperwork."

... so, no need to have contacted the FSA !!!

However, they have to respond to media reports. A media report suggesting such major news cannot be ignored.

They have to make comment, which they now have. Although its all in the air, at least they have made reference to the media comment, and said they are now "waiting for the paperwork" to back up the comments from the DENR.

The market has moved on the media report, and therefore, the company has to clarify the report, to confirm or deny it, or as per here, acknowledge it and say they are waiting.

Agreed. No wrongdoing on the part of ADVFN posters reporting on the press reports. No wrongdoing on part of co. who, having been made aware of the reports and share price movement, have issued an RNS (presumably after doing some background checks themselves).

Only questionable thing is the way the authorities have chosen to disseminate the information regarding their decisions.

Yes, the actions of the DENR in talking to the press ahead of the companies is a little disturbing. Not the best way to disseminate information.

I just have been reading the posts that I have missed from my last post...

I can't see what all the fuss is about... (maybe I don't understand it!!!)

papalp. what make you cross??? did you missed them??

have a nice big smile evening... :-))

Now that the dust has settled its time to reflect on what we have. We have an MPSA agreement but not yet in writing. So therefore we don't yet have an MPSA that we can take to the bank. There is some worth being added to the company, long overdue in my mind, as limited risk is reduced. Hopefully the market will now wake up to this share, and with so few shares availiable I can see similar growth every day for the forseeable future. I would be very intrested to hear what other investors really think on this one.

The MPSA is worth its weight in gold, without it the company remains a short term venture, with it it allows them to build for the future and new ventures will then be considered in a more positive light.

IMO the company is valued, from what I have read by everybody at aprox 1/10 of it's real value, even if you discount by a further 50% it's worth at least .5 billion(by todays metal valuations) therefore a 20 sp doesn't seem unreasonable and 40 probably fair value. If they can repeat the case somewhere else then who knows, 10/1 splits etc etc. Best hold for the very long term.

Does aim taper tax relief apply to tmc?

MPSA for Berong Nickel Corp (which is Atlas/Toledo/Investika)

http://www.denr.gov.ph/article/view/4364


"...........and Berong Nickel Corp. for development of nickel, cobalt, chromite and iron deposits in Palawan."

Today is like day one of trading on a new share. There should be some massive sp movement as TMC gets re-rated. I have heard rumours that the sp could double today. There is always speculation and conjecture in situations like this, and I am looking forward to another healthy rise in the price. Please do not quote me as all I am doing is passing on what I have heard. Time will tell, but TMC is now a tiddler in a big pond with a massive target strapped to its back. This company will soon be the subject of a take over bid, and hopefully for us subjected to a bidding war. All we need now is a few large contracts to supply ore / nickel. I agree with ellio about fair value, but how quickly might sp get there.

oily ..... even if you are only half right and shares go to 10.00, it would be a genuine pleasure to treat you to at least a share of a seriously decent bottle of wine ...... that's for real; i promise

Luvely jubely. The misses is the wine freak in our house, but your on. This is much better than winning a ton on CHP don't you think.

CHP costs me bundle, but at least i got out .... as i have said before, this BB has forced me to be much more hard-nosed about selling ...... like those who hype themselves, i am convincing myself to believe in what i write!

whereabouts do you live, because i am serious?

Half way there. Weston Super Mare.

that's not bad ...... perhaps a couple or so of hours away

10p to go.

yippee, now for 6.

Well it hit 505p to sell, bit of profit taking going on at the mo. Will track back a little and in about an hour or so will probably kick on again.

At 505p thats 7350 profit for you in 2 days less dealing charges, not bad eh.

no dealing charges as i work with CFDs; that's why i can afford to buy you a bottle of Sainsbury's house fizz!

cynic, invest the money you would spend on the Sainsbury's house fizz back in TMC, wait 3 months and purchase oilrag a couple of cases of Don Perignon, I'm sure he would approve.