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.

Is Market Cap around 78M?

http://moneyam.uk-wire.com/cgi-bin/articles/200710101124414683F.html

Nice to see it tipped in The Independant today, and reacting accordingly...



Toledo set to rebound as China lifts nickel demand

The mining sector has been the driving force behind the UK market regaining its high for the year, or at least very close to it. But investors have been buying up the large-cap stocks at the expense of some quality players at the smaller end of the market. Toledo Mining, a nickel producer with assets in the Philippines, has fallen more than 46 per cent since peaking in June. At 475p, the shares were overbought and expensive, so a hefty batch of profit taking was probably in line given the sell-off in the nickel price.

But nickel, in line with other base metals, has rallied significantly and although it remains some way off its all-time high, the signs are that demand is unlikely to shrink any time soon. Only last week, Denis Morozov, chief executive of MMC Norilsk Nickel, the world's largest producer, said he expects demand to remain "robust", particularly from Chinese steel producers.

The company operates out of the Berong nickel mine, and has several other projects due to start producing in the next 18 months. Operating margins are still running at a mouth-watering 70 per cent and the Berong mine alone has enough nickel to last it at least another 20 years.

Toledo looks to be a solid bet among the myriad smaller mining companies, and with the stock beginning to head in the right direction again, this looks like a good entry point for new investors.

TED ...... that was in some papers yesterday or even sunday! .... goes to show what a leader the indie is, just like Emperor Ming!

Oh dear, just been talking with someone about IVK's RNS in Australia overnight.

Total prodution way below expectations, about 474,000 wet tons alltogether so far. Will be lucky to produce 600,000 tons all year.

RNS was more intrested in the amount of trees shrubs and vegetables that we have planted as if we are going into the grocery business. Confidence is waning in the management as once again they fail to deliver any contracts or increase in production. The only upside was the purchase of 4 large dump trucks capable of carring 35 tons each.

I think this stock is about to be slated and marked down considerably today and in the near future.

the market cap is 78M.

Oh yes, to stop you getting out, all trades routed through dealers.

Down 1p per 1000 shares sold at the moment. Lets hope that they dont sell 270,000 shares as this would render our investment worthless. LOL

It looks like there is nothing new in this report compared to the previous one, traders may exit, institutions will be happy to buy in at a further discount. We may even see a rebound today.

Oily have you cancelled our dinner in Montecarlo yet!

No, I'm still hopeful, but am having trouble seeing that far ahead at the mo.

XTA at 3660p today. Mining and oil stocks have the money to invest.

they may well do, but that does not mean that any of them have an interest in TMC ..... or GOO for that matter

But it does mean that mining companies are doing much better than ANALYSTS' expectation. Many sold XTA at 2800 a month ago. Do you remember that?

no ..... it means that many mining stock prices are building in too much expectation and not necessarily that the companies are actually exceeding profit expectations

Disagree. We should face the reality!

So, you still believe those who sold/shorted XTA at 2800p will gain. This is in line with what we heard from analysts about oil price projection for the next three years. Many of them value oil companies based on $50 oil price. Are they right?

many things change and that is why one needs to be nimble ..... I, for one, thought $ would bottom out at 2.07 and that was not just guesswork, but that level was easily breached and $ is now at 2.1130 and still falling.

all i will say to you is never ever forget that things change and can do so with frightening rapidity ...... thus, if you think $ will keep falling ad infinitum and hard commodities strengthen, you could be in for a very rude awakening somewhere down the line.

i am no economist - can't even understand a balance sheet! - but dwell on what is likely to happen to world economies, and thus share prices, if oil continues to escalate and $ to fall.

If there was no demand, oil, food price and other commodities would fall.
Demand is high, people are richer which result in buying everything at high prices.
Can you dispute this fact?

Money is there to facilitate trades. Value is in asset, but money is a tool to measure asset value.

oil ..... shortage and risk of same no greater than it was 2/3/4 months ago
food prices ..... don't be an ass
hard commodities ...... if world economies falter, and USA in particular, demand will fall
people richer ....... yes, but europe, UK and USA all now feeling the pinch and lack of confidence means people will spend less even if they have it .... look at your high street!

People in USA, UK and Europe are not getting richer, but they have enough assets to live well above average .... they number is less than 1bln ...
But over 50% of the world (more than 3bln) in China, India etc are getting rapidly richer. The number is more important.

One should remember that value is in assets ... money is a tool to measure asset value. That's too basic but many analysts forget that "money is there to facilitate trades and measure asset value". Money has no value if its not linked to assets. You can say value of a currency is falling or say value of gold is rising ... both are exactly the same. Do you agree?