WARNING, this share is so speculative do not even think about buying it unless you can afford to throw your money down the toilet.

The Group's principal activity is international mining development and investment. Toledo Copper Corporation plc was introduced to the AIM market on the 5th April 2004 via a Placing of 166.6 million shares at 1.5p each. The funds raised will contribute towards a feasibility study with Atlas Consolidated Mining and Development - a company based in the Philippines and quoted on the Philippine stock exchange. That study will determine if the Philippines-based Toledo Copper Mine, in which TCU has a right to acquire a 40% stake potentially worth 316 million US dollars, can be re-opened

There are 453.7 million ordinary shares of 0.01p each in issue.

Major Shareholders (as at 18th April 2004): RAB Special Solutions LP, 96,000,000 shares (21.16%); Resources Investment Trust plc, 77,000,000 shares (16.97%); Chrisilios Chris Kyriakou (Dir), 50,000,000 shares (11.02%); Sierra International Services Ltd, 50,000,000 shares (11.02%); Craggan International Ltd, 30,000,000 shares (6.61%); Golden Dragon Trading, 20,000,000 shares (4.41%); Wai Yip Investments Ltd, 20,000,000 shares (4.41%); and Hartford Investment Group Ltd, 15,000,000 shares (3.31%).

TCU Director Merfyn Roberts is an 18% partner in Absolute Resources LP, which holds 10,000,000 Ordinary Shares. The Company has also granted the Directors options to subscribe for a further 17,500,000 Ordinary Shares at 0.02p per Ordinary Share at any time up to the third Anniversary of Admission.#

cheerrs GF.

Gf,

Lost on the insanity of it all.

Yea, I love you too, and by the way have you seen by hairy backside.

Is goldfinger a conspiracy. What do you think? Are we speaking to a person or to a group - possibly a group of madmen, or a group of moneymakers??

Funny, I came to this board thinking I could relate - give and take if you like. Now I see that it's all contrived. Big (huge) stakes at issue, people who would sell their souls for a bit of profit.

I know it's late but I've just realised we'aint got a f***ing clue who're speaking to on these boards.

Yea, OK, me dad's got a view. Let's post it as Salford. OK buy chips today, eggs are out the question ...EPS and yeild an'all.

What is a value investor promoting a share like TCU - Can't you see the double-standards.

What do you think folks??? Who's posting and who's real.

(EDITED MONEYAM)....apologies for the language but just realised the conspiracy.

Goldfinger/Salford,

We seem to have spilled over late last night into personal abuse from both sides - any further infringements will result in 24 hour loss of Bulletin Board access.

Regards

Ian

I know this is a specltive share but some were purcased in May when the price was under 2p.
I am aware of this is why the were bought initally RE: the were fetured in penny share foucs for that mth as highly speclitive (only for widows &orphens ) it was the same when I purchesed griffin mining off the same sheet & they came good but had to wait almost 2 yrs for them to show growth of any kind lets see if they do the same.
we can do without comments of dome & gloom even if they may be true at present!!

If the Nickle mine aquisition in Palawan is genuine and I cannot understand how...Then this share MUST rocket.
Of that there is no doubt.
Thing is..Why has Atlas sold its crown jewels so cheaply??
The nickle alone is worth around 14 billion.

Over to you Goldfinger/slater, Why?

Just wait and see. I have flagged it up as very speculative. Nowt more I can do the rest is up to you. See header top.

You could be left with nothing yes I admit, but then.........

cheers GF.

Looks like some big buying going on here.

cheers GF

Only a few small trades showing on my monitor.

Yes CW.

well here is some news for you. its monday already over here.


Monday, August 16, 2004

Reopening of Atlas a '70 percent probability'

By ALEDEL G. CUIZON
Sun.Star Staff Reporter

TEN years ago today, Atlas Consolidated Mining and Development Corp. (ACDMC) shut down mining operations in Lutopan, Toledo City.

The company was one of the worlds largest copper suppliers, but low copper prices, labor problems and ballooning debts forced its closure in 1994.

ACMDC stopped operations and was unable to give many workers their separation pay. It also incurred huge tax debts with the Toledo City Government.

Now, ACDMC has an agreement with a foreign company that might bring back mining operations either late this year or first half of next year.

But money is still the biggest factor. The company needs at least US$120 million to rehabilitate. The amount does not include yet the companys arrears, obligations to creditors and taxes.

Resident manager Rodrigo Cal told Sun.Star in an interview that there is a 70 percent probability for operations to resume.

Cal said that even with its current situation, the company still has a lot to be thankful for.

We are thankful that after 10 years, the company survived. It still exists as a mining company although mining operations are suspended, he said.

ACDMC has signed an agreement with Toledo Copper Corp., which intends to revive mining operations.
Toledo Copper, a company listed on the AIM Board of the London Stock Exchange, agreed to invest $28 million in exchange for a 40 percent interest in ACMDCs copper mine.

An earlier statement from the company said the revival of the copper mines could mean export earnings of $2.2 billion over 20 years.

Toledo Copper and ACMDC have just finished a feasibility study, which determined the current situation of the company and if it could still function.

Raw quotations, including those of imported equipment, were used. The study will be shown to potential investors.

Rehabilitation, however, will not cover all of ACMDCs mining facilities. It will only be at the Carmen underground. There will be no more open pit mining.

According to Cal, open pit mining is costlier than underground mining. He pointed out that underground mining can operate at $0.60 per pound of copper while the open pit would operate at $1.05.

Demand up

Cal said there is still a substantial amount of copper ore in the mines. The Carmen underground alone has 132 million tons of copper ore.

He said the demand for copper is high these days, with China as the biggest market. The company is also negotiating with Japan, which used to get its supply of copper from ACDMC.

Copper price in the world market is $1.30 per pound. In 1994, it was just at $0.60-$0.65.

If the company gets back in business, it would need about 3,000 employees. Cal said that although old employees will be rehired, new blood will be infused into the operations.

Compared to the thousands of employees the company hired before, ACMDC currently has 235 employees.

There are about 170 security guards, who, on a limited budget, secure company premises that span about 3,000 hectares. Other employees are in the administration building and the maintenance department.

Company property includes 700 hectares of mines. The rest are residential, buffer zones and reforested areas.

In its heyday, the residential area inside company premises looked like a small town. It had a school supervised by the De La Salle brothers and a 99-bed hospital complete with facilities.


--------------------------------------------------------------------------------
cheers GF.

golfinger should be praised for almost deramping this share i.e.see WARNING
at top.

That 250,000 buy at 8.33 is jumping all over the place, there was no 250,000 trade at 8.33 showing this morning.

Or a 14,625 sell, its all over the place.

Date : August 26, 2004 From www.minesite.com


Toledo Copper Gets Into Nickel In A Big Way So Changes Its Name … But Not Much.

When Toledo Copper Corporation listed on AIM back in April it was another of those companies with no assets, though it was further advanced than some of its peers in the Phil Edmonds stable. The trouble was that the deal it had negotiated to buy a 40 per cent interest in the Toledo copper mine on Cebu island in the Philippines was somewhat complicated and most journos, Minews included, steered clear. Now it is on the verge of publishing a bankable feasibility study on the project, so things are falling into place. Originally it had lent US$1.2 million to a Mr Ramos, president and chief executive of Atlas, which owns Toledo among other mining interests. The plan was that he would use the money to pay off various outstanding creditors of Atlas and thus secure proper title to the mine.

In its heyday before a typhoon in 1993 caused operations to be put on care and maintenance, Toledo was one of the world’s foremost copper mines and Atlas was capitalised at around US$1 billion on the New York Stock Exchange according to Chris Kyriakou, the executive chairman of Toledo Copper. Mining started back in 1955 and total production from the mine amounted to 5.65 million lbs copper, 1.96 million ounces of gold and 7.2 million ounces of silver. Peak production was reached between 1979 and 1984 when the operation was mining at a rate of 103,000 tonnes/day and current resources are around 874 million tonnes grading 0.41% copper so there is plenty of life left in it.

Once it raised funds at the time of the placing Toledo Copper Corporation lent US$3 million to Atlas to fund the bankable feasibility programme at Toledo and part of this was used to repay the original loan to Mr Ramos. On the assumption that the study is positive Toledo will secure ownership of 40 per cent of the mine, but may have to pay a further US$15 million towards project finance. This is doubtful, however, as the Japanese and Chinese copper companies vying for offtake agreements are likely to want to take equity interests and may well come up with the further US$10 million in subordinated debt that might be due from Toledo. Annual production of 110 million lbs copper, 56,000 ozs gold and 100,000 ozs silver is envisaged for the renewed operation.

While the study has been in progress Chris Kyriakou has negotiated the purchase of two other large nickel laterite projects on another Philippine island, Palawan. As a result the name of the company is being changed to Toledo Mining. The first of these, Berong, will generate early cash flow as it involves shipping ore direct to ferro-nickel smelters in Japan and the first shipment is due to leave in March 2005. A feasibility study is in progress to test the economics of an on-site large scale operation utilising acid leaching and smelting which may be developed at a later date. Toledo Mining is acquiring a 44 per cent interest in the property which consists of four deposits with resources calculated at 275 million tonnnes at 1.3% nickel and 0.074% cobalt at a cut-off grade of 0.90% Ni. This makes it one of the biggest nickel deposits in the world and the 4th largest in terms of contained nickel.

A pre-feasibility study was carried out in 1996 which was based on a cut-off grade of 1.8% nickel which meant a resource of 7 million tonnes at 2.1% nickel which is a grade acceptable to Japanese ferro-nickel producers. This is being updated and it is thought the funding requirement will be around US$6 million. The operating break-even cost of this direct shipping operation is estimated to be US$1.30/lb of payable nickel, or US$0.35 cents/lb of contained nickel which, at 300,000 tonnes/year will be around 15 million lbs/year. Payment is expected to be 25 per cent of the LME price , FOB basis, on the contained nickel to generate around US$20 million a year.

Through this second deal Toledo Mining has the potential to be not only a significant player in copper production on a world scale, but in nickel also. The Celestial nickel property, where Toledo is acquiring a 52 per cent interest, is on the same island and a resource of 77 million tonnes at 1.25% nickel and 0.10% cobalt has been estimated within an area amounting to less than one third of the total property. Some of the ore may be used for direct shipping, but the rest is likely to be treated by an advanced form of vat leaching or some other alternative technology. Toledo will be supplying management service to both projects and has an option to increase its holding in Celestial up to 71.2 per cent . This is now a company that can be taken seriously.

Should have news out very soon.

cheers GF

Intercept,

can you explain to me how that works please?

IE the shareprice wil be 10p REGARDLESS of the number in issue at the time!

Not sure how you work that one out, but welcome an explanation.

roflmao

Like I said we should have some news very soon.

cheers GF

Just some post I have swiped from another B/Board..................

Some interesting comments from Mark Watson on t1ps.com webcast this weekend.
Couple more weeks to wait by the sounds of it.
Between the lines it sounds to me like we'll get a positive report.ENDS.

Please remember this is one hell of a gamble as I have always maintained.

If you do not have the money to lose forget it, and thats sound advise.

Cheers GF.

Wheres the news?????????????????????,

cheers GF.