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.

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."

I've got a sneaky feeling that the mm's have changed tactics and are buying at just above the mid. 8 Trades at 442p with the mid set at 441.5p. The reason that I suspect this is that occassionally a deal goes through several pence higher. If they are, it would appear to be a more successful way of them getting their shares. If they were all genuine purchases, the sp would have moved about 20p. This makes me believe that they are hiding the truth again. Anyone else got any thoughts on the matter.

I have bought at 439 and 442 today

Really weird at the moment, can buy 10,000 on line but can only sell 1,000. MM's don't want the shares right now.

shake

I switched some into chl

I moved some into CHL and BRR. TMC is still agreat long term play but its getting a bit stale now. Plenty of time to switch around in to other fresh/unknown resource stocks.

Toledo website has been updated, with new pictures and info.

Berong, Longpoint and Moorson 275 million tonnes at 1.41% nickel and 0.07% cobalt.
Ipilan 77 million tonnes at 1.25% nickel and 0.1% cobalt.
Ulugan 25 million tonnes at 1.25% nickel. Not yet confirmed or defined.

Total of 377 million tonnes nickel ore.

NEW PRODUTION TARGETS OF 12 MILLION TONNES PER ANNUM BY 2009.

Oilyrag

you can add this your headline.... so everyone can see the work..

http://www.abareconomics.com/interactive/ac_mar07/pdf/metals_nickel.pdf

quote
Gordon Brown is set to pave the way this week for a crucial new tax break for big British companies operating overseas subsidiaries. He is expected to seize the chance of his last Mansion House speech as Chancellor to lay the ground for an early end to controversial tax rules that force multinational companies to pay a top-up levy on profits returned to Britain from their foreign operations, writes the Times.

will that effect TM C???

All red so far and price hasn't dropped. This is making MM's very happy as they don't have to try forcing the price today, as they are getting just what they want.

Bought at 412p just now MM up to usual deception showed it as a sale.

Totally unjustified slating, -10p on just 7,000 shares traded. The 90,000 shares purchased yesterday, shown as a sale wasn't even recorded late and the price didn't even flinch. This is a dead cert and there is no way on gods earth that I'm moving out yet.

You need nerves of steel to hold on, oilyrag. Down 23p now. 387p to sell.