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.

f'all

Maybe I have missed previous posts, but has no-one noticed the potential impending Golden Cross on the 50 & 200 MDA chart ? Cynic - surely you are sleeping on the job ! You are generally ''on the ball'' on the charting side of shares !

This stock has been so dull of late that it has become almost a cross to bear with nothing golden about it .... anyway, your post has prompted me to do a new chart for you, and here below a 3-month one to make it very easy to read ..... in fact, 50 and 200 dma are almosat running parallel and certainly without any real upward momentum .... perhaps more interesting is that 25 and 200 dma are almost overlapping and more importantly, sp has been tracking along 200 dma for about a month ..... there has now been a break upwards, albeit pretty modest, so for all holders (inc me) just hope it can be sustained, but don't hold your breath in the current climate

Actually i feel a lot happier to hold, after seeing the latest chart, the rush back up from 160p to 300p was too far too fast but it certainly seems to be building support on a rising basis and heading back to test 300p again...

Should have a progress report at the AGM tomorrow.

thanks for that info ..... at least that explains the bounce ...... let's hope there is an informative (and bullish!) trading statement

HOC was up 10% earlier today. Any reason why?

you can buy at 263 on t20

very thin market; illiquid stock

Sleeping beauty.

sleeping for sure, but pretty ugly at the moment

Interim results due soon. AXA increases shareholding.

and nickel prices still (sort of) depressed ...... however, this may change over the coming months as stainless steel demand looks likely to increase

Merry xmas and happy new year everyone.

This baby is left behind---- Other miners has been rising for sometimes.. XTA risen 4% yesterday and 2% today...

The reason, no news.

I remember DGO was so quiet about two years ago.

i fear that no news is not good news ..... have actually dumped 50% albeit at a pretty hefty loss - my own fault for being greedy and not taking a good profit several months back when it was on offer

http://www.rusmet.com/news.php?id=12624
Maybe worth keeping on your watchlist,hopefully will recover later in the year?
cyril

1 here we come, or less maybe.