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.

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 Please do not quote me as all I am doing is passing on what I have heard.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.

My lad says that Don Perignon is cheaper at the cash and carry than Sainsbury's.

Here we go again, round 2.

to be truthful, i don't much care for DP ...... my personal fave is Roederer Cristal which i think has more more finesse and subtlety (just like me!).

as for investing even more in TMC, tempting though that is as a knee-jerk reaction, i bought about 80% of my "norm" because i felt that was right at the time ...... as that was only 2 days ago, that view has not changed notwithstanding that there is arguably still a lot of money to be made here ...... put another way, the value of my stake is now about 125% of norm which is enough exposure for the moment.

morning guys

wow...what a lovely one
I added (483) few more (greedy!?!?)

oilyrag if you pass my way,,, I oay you a Dom P...

cynic is a miser :-))

I'm off to bed now, as I work nights. Hope it keeps rising, speak later to reflect on the day. Cheers.

cynic
Roederer Cristal agree with you rosmy favourite ;))

One last observation before I go, it would appear that mm's are triggering stop losses to get stock. If this is the case its going to be a see saw day.