oilyrag
- 06 Jun 2007 14:58
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.
cynic
- 11 Feb 2009 11:56
- 93 of 491
now now, just work with facts you know .... i have to get up in the morning to work (as i also often do in the evening) as i own a large slab of the (successful) company we run and secondly, i am probably old enough to be your grandfather!
anyway, clearly you did not bank any of your profit, which if i may say so, was pretty damn stupid
did you actually sell any of those spiffing TAIH shares at a profit either?
i know you kept rattling on about what a fantabulous share THAT was, but did not note you saying that it "out" time or that you had got it wrong .... perhaps you never did
hlyeo98
- 11 Feb 2009 11:59
- 94 of 491
This chart is certainly very impressive for Bates.
Toledo Mining battens down hatches - MoneyAM
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.'
cynic
- 11 Feb 2009 12:02
- 95 of 491
hyleo .... she doesn't like that RNS, and refuses to comment on it
hlyeo98
- 11 Feb 2009 12:05
- 96 of 491
She is queen1.
cynic
- 11 Feb 2009 12:07
- 97 of 491
she can be a drag queen or a raddled old tart for all i care - lol!
halifax
- 11 Feb 2009 13:18
- 98 of 491
cynic the latest RNS should remind you of the MOU TMC signed with Jiangxi (read RNS 28/11/08) which is a chinese state owned company.Jiangxi will pay all costs of building the pilot plant and are currently building a refinery in China to receive the 5000 tons of nickel hydroxide produced from 600000tons of laterite, in due course (perhaps someone can tell us how much revenue this would generate?).It appears TMC are determined to add value locally and will achieve this by eliminating the need to ship laterite ore by processing it in situe.
cynic
- 11 Feb 2009 13:43
- 99 of 491
i take your word for it, but the latest RNS makes very bleak reading indeed ..... if KB was indeed fortunate enough to racked up a thumping profit in these shares, against the prevailing wind, then she was a total twerp not to have banked at least some profits ..... how long or even if TMC can turn things around - e.g. how long until nickel prices start climbing to economic levels again - is another matter entirely
mitzy
- 11 Feb 2009 14:19
- 100 of 491
Sell now Kate or forever repent your sins.
halifax
- 11 Feb 2009 14:28
- 101 of 491
cynic all your comments are based on today you must try to raise your horizon a little, commodity prices will recover as demand picks up, lets look further ahead if we want to make money.
cynic
- 11 Feb 2009 14:50
- 102 of 491
commodity prices in general are unlikely to recover significantly for at least the next 12 months ... if you (any of us) were that percipient, we would have made many billions by shorting the market 12 months ago ...... therefore what makes you think you (any of us) will get it right this time?
hlyeo98
- 11 Feb 2009 15:02
- 103 of 491
World oil demand will contract by far more than previously expected in 2009 due to extreme weakness in the global economy, the International Energy Agency (IEA) said on Wednesday.
Demand is expected to fall by 980,000 barrels per day in 2009 to 84.7 million, the agency said in its monthly market report. The IEA's forecast last month was for demand to contract by 500,000 barrels per day this year.
cynic
- 11 Feb 2009 15:06
- 104 of 491
hyleo .... that is not strictly relevant to the recovery timescale of hard commodities such as nickel ..... i would hazard a guess that oil demand will lag, though i would still expect to see crude prices recover sharply once the OPEC cuts really start to bite (can cuts bite??)
mitzy
- 11 Feb 2009 15:48
- 105 of 491
I'd say it has a 100/1 chance of reaching 100p again worth a punt imo.
cynic
- 11 Feb 2009 16:04
- 106 of 491
did you back Foinavon too?
mitzy
- 11 Feb 2009 16:09
- 107 of 491
How do you know I'm a jockey..?
halifax
- 11 Feb 2009 16:18
- 108 of 491
cynic we should all look forward and not take the ostrich position, you do know what happened to the ostrich?!
cynic
- 11 Feb 2009 16:39
- 109 of 491
there is looking forward sensibly and realistically (and that includes timescale) and hoping like Mr Micawber ..... of course the recession will peter out in due course, but it does not necessarily mean that the likes of TMC will be around to benefit ..... i will just hark back once more to the latest RNS and its very gloomy content.
we should also not forget that all shares are ultimately for trading, not for sticking in the drawer and forgetting about.
halifax
- 11 Feb 2009 16:45
- 110 of 491
cynic you have forgotten the nickel ore will still be there when the recession is long gone.Why do you say you are not interested in minnows when you spend so much time blogging on about TMC and others like SEO etc?
cynic
- 11 Feb 2009 16:52
- 111 of 491
SEO merely causes me mirth ..... TMC i used to follow - and probable lost quite a lot of money on it too ..... generally, i comment to throw some cold water reality on shares which have caught my attention for one reason or another
halifax
- 11 Feb 2009 16:55
- 112 of 491
cynic others see opportunities, you can't be right all the time. Sometimes its better to keep quiet.