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.

A more positive start than recently.

How's that for impeccable timing, I start posting again and the price shoots up 13p at moment.

Oily have you been your hols? we need you to stear this thread

Do not panic, I believe the price is being moved down to cushion the blow on market when the next RNS is released. Should be now. SP will jump after newsflow.

I doubt that the new offer will fall below the old bid. Hence the larger spreads they can give the impression of disaster on an SP with nothing happening.Ye who have faith hold tight.

Like I said, it seems to be holding offer at 5p above the old bid of 330p. Price just shouldn't drop 17.5p on 2000 shares being traded and then just sit tight. More proof of manipulation as sp movements totally unjustified.

Oily - when do you expect news ??

Its due now.

With all of yesterdays fall and another 6.5p today the offer is still at 335p and hasn't moved in all that time. They are stopping trading by opening the spread.

320 OFFER!

and back to 330

Theirs some great news in the very near future, if the rumours are to be believed?
Next day or 2
cyril

http://www.asx.com.au/asxpdf/20070726/pdf/313m8tgnr0dk5y.pdf


The link contains the IVK report to 30th June, just released. Nothing new, few more delays, minimal mention of a few important things that should have had more coverage.

TMC should be putting out a similar statement soon.

news out today.

Toledo Mining Corporation PLC
26 July 2007

26 July 2007



TOLEDO MINING CORPORATION PLC
('Toledo' or the 'Company')

OPERATIONS UPDATE


The Directors of Toledo Mining Corporation plc (AIM:TMC) wish to inform and
update the market on the following activities on the Berong and Ipilan nickel
projects which have been carried out during the quarter ended 30 June 2007.

Berong Nickel Project

A total of 262,994 tonnes of laterite nickel ore at an average grade of 1.52% Ni
(approximately 2,849 tonnes contained nickel on a dry basis) was shipped to
China.

Total year-to-date shipments amount to 384,385 wet metric tons at an average
grade of 1.52% Ni. A further 60,000 wet metric tons of ore is stockpiled at the
coast awaiting shipping to China.

The majority of the ore was extracted from the bulk metallurgical sample area.
Increasingly, ore of higher grades will be extracted from the commercial mining
area as mining proceeds. The ramp-up in production to the export target of
approximately 900,000 wet metric tons for 2007 is continuing although some
difficulties are being experienced with equipment availabilities.

Whilst the wet season officially commenced at Berong around the middle of May,
production has continued with minimal disruptions. June haulage to the coast was
the second highest monthly performance for the year. Future production and
shipping is heavily dependent upon weather patterns and rainfall levels, which
are expected to increase over the third quarter.

Demand for nickel ore softened in line with the large fall in LME nickel prices
towards the end of the quarter. Low grade ore (0.9% to 1.2% Ni) has been
impacted the most, with higher grades (above 1.5% Ni) remaining more robust.
Discussions continue with BHP Billiton on the long term supply of ore to the
Yabulu nickel plant in Queensland Australia.

Project activities completed include the coastal stockpile drying pad area and
associated siltation management system, the assay laboratory and the potable
water systems. Designs and costings were completed for the permanent offices,
accommodation village, crusher and batch plant facilities, workshop facilities,
Dangla Road, Berong airstrip upgrade, and the pedestrian bridge over the Berong
River. The design of the trestle conveyor and alternative ship loading options
continue.

Permit approvals continue to delay the start of construction of the Dangla Road,
a dedicated haul road without community development along its route.

As previously reported, the Company entered into a Mineral Production Sharing
Agreement (MPSA No.235-2007-IVB) with the Philippine Government covering the 288
hectare Berong Nickel Project. The current Direct Shipping Operation falls under
the MPSA and the associated Special Mines Permit. The Feasibility Study Report
for the life-of-mine operations is currently being prepared for submission to
the Department of Environment and Natural Resources to enable the 'Declaration
of Mining Feasibility' for this MPSA area.

A JORC compliant mineral resource was prepared by Snowdens Mining Industry
Consultants and released to the market on 20 June 2007. The measured, indicated
and inferred resource within the 288 ha MPSA area is estimated at 9.92 million
tonnes at an average grade of 1.55% Ni using a 1% nickel cut-off grade. Drilling
within the MPSA area is ongoing and is aimed at delineating additional tonnage.

The assessment of processing options to add value to the large lateritic
resources at Berong continued. SNC Lavalin is undertaking this work, and samples
of the various ore types have been selected and are ready for shipment to the
testing laboratories. Processing options being considered are high pressure acid
leaching, atmospheric leaching, heap leaching, ferro-nickel smelting and the
Chinese nickel pig iron process.

Ipilan Nickel Project

Field exploration and evaluation activities continued, with excellent progress
being made.


Quarter Ended Year to Date Total Program
30th June 2007 2007 Since May 2006
Test Pits: # Re-Sampled 427
# Samples Collected 2321
Test Pits: # Re-Deepened 64
# Samples Collected 295
Test Pits: # New Pits 955 1541 2883
# Samples Collected 5409 8906 15563
Drill Holes: # New Holes 879 1430 1579
# Samples Collected 18919 31945 35001
Lines Cleared - kms 45 339
GPR Survey - kms 83
Density: # Measurements 2648
Surveying: Topographic - ha 796



Drilling continues to be used where the ore body is too deep for hand pitting.
To date, approximately 300 hectares of mineralisation has been drilled or test
pitted on a grid spacing of 25meters x 25 meters to an average thickness of
between 15 meters to 20 meters. This would indicate more than 60 million tonnes
of laterite nickel mineralisation within a small footprint. This is more than
sufficient for an initial direct shipping operation to be followed by value
added processing on site. A JORC compliant mineral resource estimate is expected
to be released before year end.

Project activities are being directed towards those activities which would allow
the early development of the project into a Direct Shipping Operation. These
activities include detailed topographic surveys together with test pit and drill
hole locations, seeking expressions of interest from engineering contractors for
the scoping and costing of the infrastructure facilities, initiating the tree
inventory count for the project areas likely to be mined, scoping of the marine
bathymetric surveys, and preliminary ore body modelling and mine designs.
Planning is being undertaken on an initial 1.5 million wet metric tons per year
operation.

Metallurgical testing of the ore types is currently being undertaken in
conjunction with the testing programme being performed on the Berong ore types.
The ore types are expected to show characteristics suitable for acid leaching or
the Chinese blast furnace process for producing nickel pig iron.



George Bujtor, Chief Executive Officer of Toledo Mining, is a member of the
Australasian Institute of Mining and Metallurgy and is the qualified person that
has reviewed and approved the technical information contained in this
announcement.

For further information contact:
Annie Richards, Toledo Mining Corporation plc +44 (0) 20 7514 1480
Charles Vivian, Pelham Public Relations +44 (0) 20 7743 6670
James MacFarlane, Pelham Public Relations +44 (0) 20 7743 6375
Hugh Oram, Nabarro Wells & Co. Limited +44 (0) 20 7710 7400




This information is provided by RNS
The company news service from the London Stock Exchange

That RNS was so predictably flat. No wonder its being trounced. No positive news.

2 here we come?

stop loss triggered. will look elsewhere for my fortune

Support found at 3, should be alright from here.

Although latest RNS adds little to that aiready known it has become quite apparent TMC has a majority shareholding in two distinct projects namely Berong Mining and Ipilan Nickel Corporations.
Since Berong is now generating cash from the sale of laterite ore Oiyrag maybe right in thinking BMC may be floated as a separate entity on the stockmarket.
That leaves Ipilan Nickel Corporation( TMC 52%) with a JORC compliant mineral resource estimate due by the end of 2007 with projected reserves of 60 million tons and prospective annual shipments of 1.5 million tons.

There is a great deal of value in these investments which is not fully reflected in TMC's share price. I stay in for the eventual market recognition as long as the institutions remain significant shareholders.

Whats a good price to buy these ?