I have created this new thread so that anyone who is interested in attending a celebration lunch, day out, whatever to celebrate TMC's share price reaching 20, can register their interest and voice an opinion on what they would like to do.

When,.......Obviously timing is not yet known.

Where,......Somewhere pretty central to most posters.

Who,.........Is it just investors, or do we include other halves.

What,........Theme park, slap up lunch, piss up.

Any ideas, put them forward on this thread and we can all openly discuss options and formulate a day of celebration.

oily so no lunch in montecarlo at your expense this year! Didn't you ramp this one when it went to 5?

Kate,
Off the top of my head, cash 3.3million about 11p per share.
BHP not increasing their contract to 1 million tpa.
In fact next year they are to reduce to 400,000 tpa.
Chinese market dead and not cost effective.
Work force laid off.
Too long shutdown each year when seas to dangerous for loading.
Dangla road a no go.
Loading tressle scrapped.
Stock pile at docks lower grade than expected.
MPSA for Berong still outstanding.

I agree that once nickel price recovers and Phillipine govt get off their backsides and start to back the mining industry instead of turning them into market gardeners by making them replace more trees than they dug up, etc, etc.

For now there isn't enough growth for TMC in the forseeable future to intrest me.

Yes halifax I did ramp this when it had a lot going for it.
Since then its been one failure after another.

oily who owns most of TMC nowadays? Maybe they have plans while the sp is so cheap?

Dont really know other than that ENK, European nickel bought 19% from C.K. about a year or so back.

As per their website holders over 3% are;

European Nickel 19.3%
RAB Capital 9.2%
TPG Axon Cap Man 6.5%
Barclays 5.9%
FMR LLC 4.9%
AXA SA 4.7%
Mr Alfredo Ramos 4.4%
MF Global UK Ltd 3.9%
Man Financial 3.9%

This is 62.7% of all shares held.

oilyrag you fail to see what others have found with TMC: They are trading at hugely below cash/cash receivables, ENK own 20% and the rumour is they are to launch a takeover, the sector is back in favour and flying. TMC worth much much more than current price, just watch them recover as the markets do - although granted when will that happen!! Much better prospects than you make out:

Current price is 13.75p but let's look at the facts:

Cash per share looks to be around 60p given they are receiving payments for Nickel already shipped the breakdown is:

Atlas 3.32m
Brooks 3.58m
BNC 2.81m
Bookker 4.1m

Thus total Cash: Receivables 13.81m + Cash 4.7m ($7m) = 18.51m

So Toledo has a market cap of 2.8m yet they have 18.51m in cash and receivables plus a majority stake in the worlds 3rd largest Nickel mine. This is quite possibly the biggest bargain of all the bombed out small mining stocks. The directors last bought sizable stakes around 150p and all hold good sized amounts.

kate ... you're almost pissing against the wind - though i guess that is somethimng you girlies do not need to worry about greatly ..... what is the current price of nickel? .... how does that compare to a year ago? ..... what is remotely bullish about the latest RNS?

cynic, little point in trying to explain fundamentals to you so I'll give up! Can you please find me another company though that can ride out the recession with close to 4 times its market cap in cash and a majority stake in the worlds 3rd largest Nickel mine??? I'm all ears ;-))))

wonder why ENK paid 200p for 20% even when they knew comms were falling, watch this space as one will be made to eat ones word.

ps seen as your such a self confessed guru could you tell us all what you've been trading/shorting?? ;-))

HOIL (sold yesterday), SHP, TLW, ORE ..... was short WOS (bought back about a week ago), WPP (bought back some), ASC (may be dodgy!) .... have also been jumping in/out nymex futures, sometimes successfully, sometimes not

All the above are noted on the relevant threads, so not lying

By the way, you can easily ride out the recession in ease without risk of losing a bean ..... put the money on a deposit .... it'll even earn you 0.5%!

AFR, but they havn't got a stake in Berong, so I guess that they don't count.
TAIH, no they havn't either. Ah I know, TMC, if you count all their partners money and call it your own.

going absolutely mental , keep trying to talk them down but with assets and cash of around 150p even at this depressed Nickel price you may struggle to. Hard cheese :-))

Call me an old cynic but I cant understand people getting excited about penny shares.

cynic/oilyrag a pair of cretins!! Said pile in when these were under 10p and they've gone 17p bid today, come on cretins lets have your tips?? I probably make more in a week than you 2 twerps have ever made. Sad that all you can do is be cynical - ie nothing to offer. About a 24000 profit here, ;-)))))

Dear Kate, I make my own investment decisions thank you, If that makes me a cretin then so what.

Also bragging about your income dosn't make you a wiser or better gambler, speculator or investor.

With regard to our tips, some were made in earlier posts, or don't read them all.

loser I say!

and now down to 14.25 again (with 1p spread!), so trust you managed to bank your profit .... if not, then you have not actually "made" a bean.
as it happens i only deal in CFDs which de facto requires a minimum cap of 10m

by the way, you have still not told us what was remotely bullish about TMC's latest RNS, or does your silence say it all?

cynic if you bother to read the latest RNS the news that they are proceeding with a trial agitation leeching plant in conjunction with Jiangxi confirms they are determined to add value as quickly as possible to produce up to 5000 tons of nickel pa rather than continue to ship low value laterite ore.

as far as i can see, this is the latest one and nothing in there about trial leaching (qv) plant, merely gloom and doom ..... 5000 tons of nickel is scarcely big beer either



Philippines-focused Toledo Mining has ceased almost all capital expenditure and made more than 600 staff redundant at its Berong nickel mine.

Only 16,279 tonnes of ore was mined at Berong in the December quarter, Toledo reports. At the Ipilan nickel project, all activities associated with the direct shipping of ore have been stopped.

Toledo says that with continued low nickel prices and the current state of the stainless steel industry, it has undertaken 'numerous initiatives to cope with the anticipated very challenging market environment ahead'.

'All capital expenditure beyond necessary maintenance has been stopped; over 600 people at Berong have been retrenched and manning numbers drastically reduced at Ipilan and head office; and spending has been reduced to cover only regulatory or mandated levels.'

I believe you cynic, you're such a good trader that you hang around on boards of what you call 'no hopers'. I'd get a life if I were you!!! What a sad man. I made 65% ;-)) - not bad for a no hoper stock!!