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.

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!

Price has risen 4p to -2.5p on the day, in the last hour with nothing traded. If all of the day traders have finished and mm's havn't filled their orders, price should rise to tempt out real holders. Subject to normal trading ressuming.

Sorry guys, just spotted that the only reason for sp rise is the fact that they have opened the spread from 10p to 18p. This is an attempt by mm's to put buyers off, so that they can clear up. Lets see if the bid price starts rising towards the mid price, proving that they are collecting.

Late trade just reported at 10:52, 5,000 shares at 500p. How late is this, about a week I think. If I was that miscomplacent in my job, I wouldn't last a week. I think that they are deliberatly trying to confuse everyone.

just for info - currently 414 / 430 .... has been about 10p lower today
buy/sell @ 500 could well be someone exercising a traded option

The way the price jumped on last purchase tells me that the 50,000 surplus stock that they have accumulated this morning is reserved for someone. MM's are so short of stock that they are trying to panic others. In poker its a bluff, here I think they've lost.

Hold on tight boys, somethings in the wind. Brokers trading off 65 shares to each other at a time. Whats that all about.

Mined out areas will be backfilled with stockpiled soil stripped off as part of the mining operation and a species of fast growing, oil-producing trees will be planted with the objective of minimizing the area which is un-vegetated during mining and building up the sustainable commercial production of high grade diesel oil in joint venture with D1 Oils, a LSE company specializing in the production of bio-diesel from Jatropha trees.

i assume you are not remotely serious, and that even the denizens of ADVFN are not propounding such a theory

More sales and price rises? Off thread IVK director Mr Borg just bought 1600 or so shares in IVK. Directors buying in is always a good sign.

Cynic, I did hear about large quantity of trees to be planted to replace what they dig up, but joint venture with D1 is a new one on me but makes fantastic economic sence. Lets hope its true.

while it is true that DOO's jatophra palms are seemingly tolerant of all sorts of things, i suspect the soil after mining for copper will be badly contaminated with all sorts of very nasty chemicals