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.

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

Not if they dig it up and move it before treatments. Not Copper, Nickel.

copper or nickel, it's the same sort of poisonous process ....... anyway, nice environmentally friendly idea, but will not much impact sp of either TMC or DOO ..... i was actually under the impression that DOO's potential JV was with BP, and primarily targetted at Arabian Gulf or perhaps India

That 145,000 shares at end of day recorded as at 01:00 hours was an institutional purchase because thats the signal price that brokers were using earlier.

got my last s of it this morning .. bringing my price down to 445+/-

I shall just wait and see the "happening"

where is everybody.... don't tell me you all sold out!!!! :-))

With the Dow heading to 14000 the price wont stay at this level for long.

Up 25 points so far today. It looks like we are in the midsts of an overdue correction.

only pain is the almost permanent wide spread

In the scheme of things the spread doesn't really matter expecially since we are looking to hit 10 pounds soon.

borrowed this from another site - makes really interesting reading

"henryatkin - 14 Jun'07 - 21:27 - 1757 of 1761


Bazzerp,I presume your focus on Uranium is for the growth in nuclear power. My background is applied thermodynanics & metallurgy. In my opinion better than Uranium is Nickel as an energy commodity. All power stations use 1000 Ton+ of nickel alloys know as Inconel and Monel alloys. Be it nuclear, coal, oil or gas fueled power plant they all require huge amounts of nickel. It is the increase in global electricity supply that is driving the demand for nickel. Forget what you hear about China construction, that is negligable. The driver is power followed gas turbines for power generation and aviation, chemical industries, food processing and finally kitchen sinks are just a drop in the ocean. Today there are 90 major power stations under construction throughout the world excluding China. The number grows every year. Information on China is a bit vague but they claim around one new power station a week. China's power growth has risen from 240,000MW in 2004 to 600000MW by 2006 and estimates 2,400,000 by 2020. China now admits that the task is so big that they are curretly seeking outside investment, so things are not going to dry up any time soon. Thats where the nickel is being consumed. Miles of boiler tubing, tons of pipework, turbine shafts and blades, valves, pump spindles. There is no substitute for nickel, chrome or molly. So unless we stop flying, using electricity and eating processed food the price of nickel will only go up. Back to uranium, if supply cannot meet demand, you simply don't build nuclear - you build cleaner fossil fuel generating plants. In other words nuclear is not essential, whereas nickel is."