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Toledo Copper Investors - TCU

Share Name	Share Symbol	Market	Stock Type
Toledo Copper	TCU	London	Ordinary Share

	Price Change	Price Change %	Share Price	Last Trade
	0.00	0.00%		-

Open Price	Low Price	High Price	Close Price	Previous Close

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Posted at 30/9/2004 18:56 by squareroo I don't expect any fireworks anymore.we'll get an rns saying that study confirms x amount of copper and perhaps some details of how it will be financed.what will move this in the long term is big investors coming on board and revenue streams starting next year.We need press comment and broker forecasts.at this price there is not much downside considering they have just raised funds at 2p.presumably the investors were convinced they would see a return on their investment. Read Full Thread Reply
Posted at 26/9/2004 21:22 by jollyjohn From the Manila Times Revive mining to create new wealth for RPJDV By Maricel V. Cruz, Reporter House Speaker Jose de Venecia has come up with a 12-point proposal "to create new wealth" in the country, which includes the revival of the mining industry and the establishment of a Hong Kong-like enclave in Clark and Subic. De Venecia's proposal hopes to drum up long-term foreign investments in the country. With the country's mineral wealth estimated at $800 billion to $1 trillion, the Speaker said the revival of the local mining industry and a favorable decision from the Supreme Court on the matter would open the country's economic potential. He said reviving the industry would attract investors from the United States, China, Australia and Canada and "would employ hundreds of thousands of people and create the beginnings of a tiger economy for the country." He said the current fiscal crisis "is the greatest motivation for us to make this strategy succeed, because the alternative to failure would be unthinkable." The proposal, which also includes major reclamation and reforestation projects, is a sequel to de Venecia's 747 Economic Action Plan in 2001, which the Cabinet "adopted in 2002 as a major component of the government's economic development blueprint." "[The program seeks to] build an economic superstructure to sustain the continuing gains of the President's legacy program," de Venecia said. He also proposed the exploration and development of more oil and gas wells in offshore Palawan, the development of Mount Diwalwal's gold mines, and strengthening of the information-technology sector. All this would "build a major reserve of resources in the future," de Venecia said. The Speaker is also proposing to relaunch a major reclamation program in Manila Bay, Cebu, Mindanao and Northern Luzon; undertake a massive program to promote tourism; create a national corporation to build airports, seaports, railways, dams, irrigation systems and expressways critical to economic growth; jumpstart the housing sector and spur economic growth by taking advantage of its multiplier effect; enable the poor to enter the formal economy through microfinance credits; organize a large-scale program of nontraditional high-value crops in farms and fisheries to create a new class and a new generation of farmers and fishermen. Read Full Thread Reply
Posted at 08/9/2004 15:11 by el cuerpo Well first they have a sly dig at Toledo after they sell and then say RAB make mistakes, wish I made mistakes like RAB. Think I will follow the pro this time and wait for the facts to emerge, we all know this is high risk and high reward stock. I have 15k in these seed money a small % of the profit I have made from MNA another copper play I bought into at the bottom...... Below is an article by Edmond Jackson. A manager showing a 1,100pc rise is worth heeding Vicarious experience is worth pursuing, in particular the best hedge fund managers. They don't all go in for high-risk derivatives and borrowings. Some operate mainly in shares, are alert to change and seize it. Their results can be mouth-watering. For instance, RAB Capital's special situations fund is up over 1,100 per cent this year, and currently is 80 per cent invested in resources/mining shares. RAB was established four years ago and all seven of its funds for professional investors have done well this year. A series of open-ended investment companies - "hedged investment funds" - are planned for private investors next spring. I was trying to learn more about RAB, which is a new and serious investor in Wiggins, as I considered whether to back a share offer by the airports/property group. Surfing the net I saw a report and spoke to one of RAB's principals, which stimulated some thoughts to apply to one's own investing. RAB's generalist approach is notable. Its decision to buy into smaller mining and exploration shares stemmed from a top-down view about two years ago: that fears of deflation were prompting central banks to print money, which in turn was bullish for gold and commodities. Repeatedly in investment one comes across specialists who are too close to industries. This makes them less good at weighing up the big picture and assessing what other sectors offer. I recall from the technology share boom in 1999 and 2000 how some of those who played it best were also generalists. You don't need to be an expert on a particular industry merely alert to its key drivers. What especially counts is spotting flaws in the consensus view - when shares become mis-priced. This is true for any size of investor, though bigger players can diversify risk more effectively. It is interesting to note how Oxus Gold, an Aim-quoted mining share, has been keenly held by both RAB funds and private investors. Click to enlarge I avoided the shares, not simply because of the roller coaster ride after the shares graduated from Ofex to Aim but also because of the riskiness of its operations in Uzbekistan. Smaller mining/exploration companies can test my risk tolerance too far. A spread of holdings, as RAB has taken in the sector, is prudent. I like to be a focused investor, so an individual company's risk profile is vital. If I can't be content with it, I may end up avoiding the industry. Even so, the chart for Oxus shows how visionary speculation can indeed strike gold. The fabulous return of RAB's special situations fund implies higher risk so it will be interesting to check the long-term performance. But this investor group clearly has stock-picking acumen. When I put my observations to RAB, the response was quite conservative, stressing preservation of capital and a balanced approach to risk and reward. Its special situations fund has taken profits in Oxus. Read Full Thread Reply
Posted at 05/9/2004 23:44 by shiny000 Too many variables right now to make accurate predictions, therefore any figures posted here cannot be taken seriously. Some may get it right but it would purely be by chance. Is tcu a good or bad story in the making? we simply don't know yet. A good company doing what it says will breed investor/market confidence and in turn breed a healthy share price. Most of the bad 'uns puff lots of hot air with prices rising to unsustainable levels on hope alone. This hasn't happened which can only be good in the event of either positive or negative news. So come on tcu, the time has come to show us whether as a company you're above or below the swamp line!! Read Full Thread Reply
Posted at 15/8/2004 22:58 by oliverletwingtit 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 world's 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 company's 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 ACMDC's 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 ACMDC's 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. regards oliver. Read Full Thread Reply
Posted at 04/8/2004 11:16 by shiny000 High risk - high reward with the one certainty that short term players/punters and tip sheet fans (sorry folks!) will be bubbled up and squeezed to the max. The only key market movers in reality are corporate investors, hard news, sector sentiment and insiders. All the rest; ramps, de-ramps, spamming of gibberish etc are pure hot air. Read Full Thread Reply
Posted at 27/7/2004 14:38 by shiny000 tinpotdik Thanks for coming back. I'm sure there are all sorts of reasons and I am aware of one or two. It's only fairly recently the majors have woken up to the fact that there is a big resource squeeze on copper and the hunt is most definitely now on all over the world for 'new' deposits. Admittedly the Philippines is not the most easy place for foreign investors to do business on their OWN terms and at this moment in time you cannot own more than 40% interest in a mine. Hence the 40%. Counter that against the fact that the mine is most definitely there and doesn't need to be built from scratch. If you want lots of good references to the state of copper as a commodity I'd recommend and also advfn's mna thread. ----------------------------------- Those who haven't already noted this may find it an interesting fact. 80% of tcu shares are held in eight sets of hands: RAB Special Solutions LP - 21.16% Resources Investment Trust PLC - 16.97% Sierra International Services - 11.02% C Kyriakou - 11.02% Craggan International Ltd - 6.61% Wai Yip Investments Ltd - 4.41% Golden Dragon Trading - 4.41% Hartford Investment Group Ltd - 3.31% Read Full Thread Reply
Posted at 14/5/2004 10:20 by k38 SORRY NO DERAMPING JUST A POST.good long term sh Good News is the New Bad! by David Linton of Updata.co.uk Better job numbers than expected in the US on Friday means the recovery is looking more and more like a job led recovery. That's good news isn't it? Well apparently not, because this suggests the Federal Reserve will put up interest rates more aggressively. Now that the market doesn't know whether good news IS good news or not, charts are your only saviour! The trend breach last week is worrying, but it is a fall below the March low of 1,087 on the S&P 500 Index that would tell us this rally is probably over. Frankly there is so much bad news priced into the market that US investors may, on reflection, change their minds and become strong buyers over the coming weeks. Either way the market is a sell below 1,085 and a buy above 1,155 points. UK Oil & Gas Sector With Oil touching above $40 a barrel in New York on Friday, the will it won't it debate is over. We are very like to see Oil at a new time high ($41 set in GW1 - 1991). The triangle pattern that has been building up suggests Oil could easily go into the high 40s - even $50. Oil is a bit different than most charts because OPEC controls the price, but if they do nothing expect the price to hike. Regardless of what happens the Oil & gas sector looks good. The chart looks similar to that of the sector giant, BP which is still a strong buy. Even Shell has been oversold on the bad news according to the chart. In short, if you are in this sector you have a well above average chance of doing well. UK Mining Forget all the massive speculation on how mining stocks are set to rocket. This chart shows we are heading right back to the bas of the trend. And fast! Mining shares will fall from 6,500 to 5,000-5,500 points over the coming weeks and months. That's 25%. The Gold chart does look strong, so pure gold plays may hold up, but overall mining stocks are not the place to be. Could RBS's latest acquisition be a deal too far? Interestingly banks with US exposure fell heavily last week, so the timing hasn't helped. With breakdowns on the price and the relative strength the picture isn't good. Worst of all the long term price-volume trend is clearly down. This means there are more sellers than buyers of the shares with no sign of a turn. Expect further price falls. David Linton is Chief Executive of Updata plc. Readers of UK-Analyst can download a free trial of Updata Technical Analyst by clicking here GOOD L. Read Full Thread Reply
Posted at 05/5/2004 10:16 by akukr Hi Guys, Here is some info you might be interested in. Earlier this month Toledo Copper Corporation (TCU) came to the AIM market and raised sufficient funding to help its progress in an exciting copper project in the Philippines. Its shares, now just 2p, could well soar if the hopes of the Company's backers are proved correct. 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. The Toledo Copper Mine The Toledo Copper Mine, situated in the city of Toledo, Cebu Islands in the Philippines, began mining copper deposits in 1955. Atlas successfully mined from the Toledo Copper Mine for several decades until a typhoon hit Cebu Island and the Mine was forced to suspend operations in 1993. In mid-1994, as a result of financial difficulties caused by the closure of the Mine, Atlas signed an agreement with 15 domestic and foreign banks to retire 104 million dollars of debt and interest. In 1998, Atlas commissioned a feasibility study for the reopening and rehabilitation of the Mine, audited by Behre Dolbear, which showed the reopening of the Mine to be a technically and economically viable option. While waiting for mining operations to resume, Atlas has maintained a token crew to oversee and protect its mineral property and physical assets and undertake environmental care and maintenance activities at the Mine site. In October 2000, Atlas entered into a debt-for-equity agreement with Alakor Corporation, a Filipino company headed by Mr A. C. Ramos, a substantial shareholder and President and Chief Operating Officer of Atlas. A major provision of the said agreement was the rehabilitation of the Toledo Mine. TCU lent Mr Ramos 1.2 million dollars in 2004 to make safe Atlas's interest in the Toledo Mine by securing the balance of its remaining outstanding creditors. Following settlement, Mr Ramos, who holds a variety of directorships, executive management positions and significant shareholdings in a number of prominent Filipino companies, has undertaken to form an agreement between TCU and Atlas for the financing of the Toledo Mine. Company Activities TCU is primarily focused on international mining development and investment. To date, its only investment has been the loan to Mr Ramos to secure Atlas's interest in the Toledo Mine. In return, Mr Ramos will procure an agreement between TCU and Atlas for the financing of the Toledo Mine. TCU will make a further loan of 3 million dollars to Atlas to fund a bankable feasibility study on the Mine. This loan will be used in part to repay the 1.2 million dollars currently owed to TCU by Mr Ramos. TCU will then own the right to acquire a 40% stake (potentially worth 316 million dollars against a current market capitalisation of 9.07 million pounds) in the Toledo Mine for an equity contribution of 18 million dollars towards project finance (of which 3 million dollars will be satisfied by conversion of the loan to Atlas). The Company may also be required to lend up to a further 10 million dollars of the subordinated debt as additional financing for the Toledo Mine. It is expected that further equity capital will need to be raised to make this investment. The Toledo Mine is located in the Atlas copper deposits on Cebu Island in the Philippines. The site is approximately 50km from the capital of Cebu City and around 17km by road from the port at Sangi. Since its inception, Atlas has mined from the Toledo Mine a total of: approximately 667.4 billion tonnes of ore; 5.65 billion pounds of copper; 1.96 million ounces of gold; and 7.2 million ounces of silver. Peak production at the Toledo Mine was reached between 1979 and 1984, when the operation was mining at a rate of 103,000 metric tonnes a day with three separate milling plants and concentrators in operation. At present, the total remaining ore resource from the three orebodies at a cut-off grade of 0.30% copper is estimated at 873.815 million metric tonnes with an average copper grade of 0.41% containing around 7.9 billion pounds of copper and 5 million ounces of gold. The proposed Toledo Mine re-opening plan is focused only on the Carmen Orebody, initially through open pit and subsequently by underground, applying the same full-gravity block-caving method previously employed. Production levels are projected to commence at 15,000 metric tonnes per day and peak at 42,000 metric tonnes for a total mine life of 11 years. The production estimates are as follows: . 90.7 lb copper per annum . 38,000 oz gold per annum . 110,000 oz silver per annum The re-opening plan has been reviewed by international financial consulting groups and has been shown to be financially viable and economically robust. While the Mine plan above in no way matches the Mine's levels of ore production in the early 1980s (110,000 metric tonnes of ore per day), the Company's strategy is to maintain a manageable and efficient operation in the initial stages. Mining of the deeper portion of the Lutopan Orebody (Lift-3) at the same rate of 42,000 metric tonnes per day has been evaluated, which would effectively extend the Mine life by another 10 years. The Market Traditionally the Philippines has a long and established history of production from its mines - principally chromite, copper, nickel and gold. However, production has been hampered for the last two decades by the effects of low foreign investment, political instability and low international metal prices, accompanied by high operating and production costs. Currently there is a national policy focusing on the revitalisation of the minerals industry, specifically addressing the policy gaps in mineral resources management of the Mining Act of 1985. In addition, President Gloria Macapagal Arroyo has issued an executive order outlining the national policy agenda on reviving mining in the Philippines, boosting the government's efforts to resuscitate the industry. As a result, Toledo's directors believe it is appropriate for the Company to pursue an investment based in the Philippines. In late March 2004, copper surpassed the price barrier of 1.40 dollars/lb after eight and a half years. The prices respond to positive conditions dominating the copper market, where forecasts are focused to a new year of shortage (the same as 2003). This is largely due to expansion in China creating demand and world economic recovery. Barclays Capital has provided estimates indicating that an extra 5m tonnes per annum of new copper mine capacity will be required by 2010. The UK mining sector is currently experiencing strong investor sentiment on the London stock markets. This is highlighted by the number of companies that have recently come to market with successful fundraising. For example, around the time of TCU's entry to market there were six new mining companies listing on AIM: Aztec Resources, Albidon, Central African Gold, European Nickel, GoldStone Resources, and Namibian Resources. This amounts to seven mining companies listing on AIM within ten working days in April, all achieving fundraising targets. The Directors Chrisilios Kyriakou, Executive Chairman (age 53) Kyriakou qualified as a lawyer in 1973 from Sydney University and was in private practice for the next six years before starting at Pan D'Or Mining Company, later known as Walhalla Mining Company. Between 1979 and 1985, he managed a number of acquisitions into Walhalla, and by 1987 the group had cash reserves in excess of A$120m. From 1987 to 1988, as executive director, Chris managed a divestment programme for the group on behalf of its shareholders. Since then Chris has been continuously involved in the mining industry and has extensive experience in Australia, Canada, Africa and Mexico. He has been responsible for the development of a number of mines from exploration through to finance and commissioning and has been an executive director of a number of mining companies such as Giant Yellowknife Mines, Pamour Mines, Bow River Diamonds and Minera Roca Roja among others. Roger Shakesby, Non-executive Director, aged 64 Shakesby holds a BSc in Geology and Geography from Durham University and began his career as a geologist working in Australia and the Philippines. In 1971, he joined Gold Fields, where he eventually managed the exploration programme for Australia, Philippines, Indonesia and Papua New Guinea. In 1982, he was appointed the general manager for Exploration for Renison Goldfields Consolidated. Under his tenure the company expanded with the discovery of several precious and base metal deposits. He was appointed as a member of the executive committee at Renison Goldfields Consolidated in 1992, and in 1994 he joined Walhalla Mining Company as a technical director. Since 1998, he has been a consulting economic geologist, working in Australia, Russia and the Philippines. Merfyn Roberts, Non-executive Director, aged 53 Roberts holds a BSc in geology from Liverpool University, an MSc from the University of Oxford in geochemistry and began his career working as a geologist in the UK and North Africa. In 1976, he joined Thompson McLintock & Co. in London, qualifying as a Chartered Accountant in 1980. He joined Charter Consolidated Ltd in 1982 as an equity investment analyst, and in 1985 joined Target Group plc where he managed the Gold, Commodity and World Income Unit Trusts. In 1990, Roberts joined Minorco SA in London to set up and manage its in-house equity funds, which by the time he left in 1996, specialised in the natural resources sector. Since 1996, he has been involved with Dragon Resources Ltd, a natural resources-based equity fund as an investment director until 2000 and subsequently as investment consultant. He is also an executive director of Ocean Resources Capital Holdings plc and a non-executive director of Resources Investment Trust plc. Shareholders 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. Current Trading & Prospects With a potential 3,159 million pounds of copper reserves and resources available to TCU in the Toledo Mine, and based on a valuation of 0.1 dollars/lb in the ground, TCU's 40% stake in the venture is potentially worth 316 million dollars against a current market capitalisation of 9.07 million pounds. The Directors believe that the resources of the Company can be fully invested within two years. It is likely that a substantial portion of resources will be invested in a small number of propositions, mainly the Toledo undertaking. In addition, it is likely that as investments are made and new opportunities arise, further funding of the Company will be required. Conclusion - an excellent calculated gamble on a big uplift This little company has an experienced Board which has pinpointed a sound first investment to act as a springboard for future development and growth. With an eye to investment and development in the international mining industry, this AIM investment fledgling has set its sights on its first investment - a Philippines-based mining company that already has a history of results and is backed by feasibility studies. A combination of an excellent management team and positive forecasts for demand in the world copper market make Toledo Copper Corporation a welcome newcomer to the market and an excellent 'penny stock' gamble. Speculative buy at 2p. Read Full Thread Reply

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