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.

I am so looking forward to hitting olirags targets.

Sorry boys, I wont be able to give any analysis today, bacause I am running blind. My Stockwatch pages and my trades pages are blank. I have logged in about 20 times and nothing. I can see the rise on the small chart on quote page and price in risers and fallers. Still at least I can access the bulliten boards.

would make life very jolly if VML also became a target ..... far from impossible

Hello
got same problem then Oilyrag

I put an order in Milan (5000 at 440)
(buying on AIM from here it is like to find a needle on a hay stack..) :((
what are the bid/ask

currently very tight spread at 372.75 / 373.0

not quite sure where you got that quote, Cynic...?!

Cynic, the price is 420/430?

he was quoting UMN me thinks...

I wonder how many big buys will be shown at end of day. A lot more than their letting on. Fast becoming a liquid stock.

Being conned again, but then I'm not falling for it.

100k - a buy or a sell ??

Oilyrag take a look here
http://www.moneyam.com/InvestorsRoom/posts.php?tid=11297#lastread

don't you think there is something funny going on!!!!!!

you're right Ted ...... just testing you guys!

I think they've been trading below the mid price all day, and I beleive that no-one in their right mind would sell 100,000 shares at 60p below what they could have got last week. Especially bearing in mind that MPSA has been granted since then.

Also, bear in mind, that we are now looking at a 20p spread. SP can swing a long way before they change bid or offer prices. This is mm's latest confusion tactic but I'm second guessing that it is a pathetic smoke screen, whilst they attempt to scare out nervous investors, successfully. Fraud in my book.

A sea of red. Whats going on, I can't believe that nobodys buying. The one consolation is, that at this rate it will accelerate the time, for the big rises, as stocks deplete. I thought that this should already have happened, but at some point mm's will have to balance their books and start playing straight.

the news is now out so a lot of hot money will be cashing in.
sp could esaily slip back to about 375 to where it meets sharply rising 25 dma ..... and no, i am not saying it will!

I can never understand Hot money selling on news. Especially good news, as this is presicley why they bought in in the first place. The real profits are made by the longer term holders.

The drop of -11.5p has halved to one of -6.5p on the strenghth of very little buying, 5,360 shares approx.

because some, myself included sometimes, may be very happy to make a healthy turn without laying out any cash .... nothing wrong with that; bank manager always appreciates contributions!