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.

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.

Oily when are we having dinner in Monte Carlo?

Looks like never, unless the Phillipine government can get their fingers out and sign some paperwork, TMC management stop making promises they cant keep and it stops raining. LOL. How long has the current Government got left in office as they have elections every five years and if theres a change in gov. then its brown envelope time again from square one. Glad I'm not holding at the mo, but always keep an eye on developments.

although i took a thumping loss because i got greedy and never cashed in the even larger profit several months ago, at least i bit the bullet when sp was about 1 higher

Also deliberated two weeks ago and sold out @ 265, should have used a stop on SCHE, but been without internet recently and TDW wont let you leave a stop on for longer than a day unless the trade has settled....

i'm cheesed about SCHE too ..... will see if i can find out anything interesting through other sources