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TCU Toledo Copper

0.00
0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Toledo Copper LSE:TCU London Ordinary Share GB00B00K3B10 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% - 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Toledo Copper Share Discussion Threads

Showing 651 to 674 of 825 messages
Chat Pages: 33  32  31  30  29  28  27  26  25  24  23  22  Older
DateSubjectAuthorDiscuss
08/9/2004
14:36
Appreciate your comments shiny000 even though I am the opposite to you and have been accumulating....
unionhall
08/9/2004
14:26
Best post today......
el cuerpo
08/9/2004
14:24
Pass.

Best of luck with tcu chambeaj and squareroo.

shiny000
08/9/2004
14:11
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.

el cuerpo
08/9/2004
13:04
Well not really squareroo. As you might have guessed from my posts I'm pretty laid back about things in general - even when it comes to money!

Tcu has never been close to the foundation of my portfolio and without at all wanting to sound blase (even I don't like to lose), what I lost in the deal I could afford to.

If I couldn't I'd most likely be sulking somewhere in a dark corner than still posting here for the fun of it.

shiny000
08/9/2004
12:34
you must be gutted shiny000 they are offering 2.03 now.must be a large buy coming through
squareroo
08/9/2004
12:31
exactly chambeaj and especially since the country is almost bankrupt.they are pushing through reforms .hopefully since ms arroyo is an american trained economist she will do the best to get foreign investment.
squareroo
08/9/2004
12:19
Absolutely, and your 1st point is one of quite a few reasons why even though I have decided to sit on the fence I am still most interested in what's going on here.
shiny000
08/9/2004
11:51
Don't forget - 1 The government is actively trying to revive the mining industry 2 - 3,000 new jobs would be created - the local economy will clearly benefit etc.... the government therefore has a vested interest in seeing this project succeed.
chambeaj
08/9/2004
11:29
Sometime in the next 2-3 weeks imho (gut feel based on Mark Watson's comments last weekend).

The share is clearly going to be a test of nerves for some.

chambeaj
08/9/2004
11:14
Any ideas how far away this report is? If reopening the mine isn't feasible then I see no reason to delay publishing the report. Seems to me that the report has concluded it IS feasible and the delay has arisen from them working out the details.

What do you think? Seems a lot of people have sold out...

combo83
08/9/2004
09:39
Well then there you have it! I'd counter with a fact that the likes of RAB have made mistakes and do not only pick winners.

I'm not saying they have in this case, it's much too early to tell either way whatever happens to the share price in the short or medium term.

No doubt you could ask 100 people and get 100 different views. I've no problem at all with that.

shiny000
08/9/2004
08:31
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%).

Early days yet, if you think RAB an astute hedgefund or any the others have not
done their DD before buying millions of shares think again.

Pinch of salt some of other posters comments.....

el cuerpo
08/9/2004
00:40
Sorry to have sounded cryptic about things earlier squareroo. In a nutshell I am not fully comfortable with the integrity of all deals recently struck.

I am not clear who owns the rights to what because at least one third party not mentioned in the press releases appears in my opinion to have mirror interests in one of the projects. It's difficult enough doing business in the Philippines without such distractions.

Let's have no more cosy 'consultancy' agreements which to be honest may or may not mean or be worth anything at all, and no more promises of promises to deals.

Perhaps my concerns are unfounded. Hard will certainly help change my view.

shiny000
07/9/2004
23:55
"The Toledo mine's rehabilitation would require US$ 84 million. The mine has a remaining mineral resource of 873 million tonnes with a grade of 0.41% copper. The current plan is to set up a pilot bio-leaching plant. "
combo83
07/9/2004
20:20
When i spoke to the guy at toledo he didn't seem to know why the report was delayed maybe he was keeping his lips tight.I wish i had pursued him on that one but if he doesn't know why how can MWM???
squareroo
07/9/2004
20:14
My answer to that question would carry little weight on a BB - and rightly so,

But for whats its worth - and without wishing to seem naive - I believe Mark
Watson to be a sincere character...

just my opinion
Regards
chambeaj

chambeaj
07/9/2004
20:03
yeah but do you reckon he tips on behalf of the company.maybe he is a friend of the directors and he wants to help pump up the price so they raise more in an issue?wherever there is a tip there is a tap.
squareroo
07/9/2004
19:57
Comments were from Mark Watson (Watshot.com) in a webcast on t1ps.com last weekend. Mark appears to be well connected and is a TCU holder himself.
chambeaj
07/9/2004
19:38
who said it was about power chambeaj??????and what info is in the public domain shiny???
squareroo
07/9/2004
19:34
no offence intended shiny000. you've probably been in these longer than me.why give up now?especially since you must have sold at a loss.i sometimes buy a share brick it for a few months while it goes down or stays the same and then when it really does start moving sell out too early.hopefully if tcu does go north ill have the balls to hold for the proper gains.
squareroo
07/9/2004
19:21
>>shiny000,
Best of luck to you.
Regards
chambeaj

chambeaj
07/9/2004
18:57
Sure guys, I'm not saying it's not worth holding on and there are always two sides to every story. For all I know tcu could announce tomorrow morning that the survey shows the mine to be the biggest and most valuable ever.

If the news is good then the price may show some legs. Whatever, there will be plenty of obstacles to negotiate along the way and a lot of highs and lows providing opportunities to invest and dump for all.

Squareroo don't be like that! You're right it's painful to sell at a loss then suffer by missing out on the fun of the upside. I know where you're coming from and what I've done is not any kind of recommendation to others.

CHAMBEAJ, you're well committed too and deserve good news.

shiny000
07/9/2004
18:13
>>squareroo

No way I'm selling out. I accept that if it goes wrong I've lost my money - thats the gamble (high risk/high reward). But its a risk I am willing to take considering the future potential of TCU should the mine go into operation.

And for what its worth - given that the recent holdup is due to negotiating the cost of power to the mine - and given that we are led to believe Toledo has negotiated a good deal - Ask yourself this...

Why would you be negotiating the cost of electricity/power to a mine that is not viable?

all imhvo

chambeaj
Chat Pages: 33  32  31  30  29  28  27  26  25  24  23  22  Older

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