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| 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 | Shares Traded | Last Trade
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| 0.00 | 0.00% | 0.00 | - |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
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| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
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| - | 0 | GBX |
Toledo Copper (TCU) Share Charts1 Year Toledo Copper Chart |
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1 Month Toledo Copper Chart |
Intraday Toledo Copper Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/12/2005 | 17:44 | Toledo | 8 |
| 13/10/2004 | 14:26 | Toledo Copper | 798 |
| 07/10/2004 | 12:33 | Toledo Copper now renamed to Toledo Mining Corp. (TMC) | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 04/10/2004 21:32 by squareroo A feasibility study of the rehabilitation and re-opening of the mine is close tocompletion and is currently being audited by independent consultants Behre Dolbear Australia Limited. The study is based on a mine throughput of 42,000 tons of ore per day which, over an 11 year period, is estimated to produce on average 100 million pounds of copper and 45,000 ounces of gold per annum from underground block caving operations. 100 million lbs = 44000 tonnes 27 month price = $2 200/tonne 2200 x 44000 = $97 mill per year 40% = $38 mill = #22 mill GBP + gold + 5mill nickel = 30 million lets say 20 mill profit a year should give mkt cap of 100 mill lets say they issue another 250 million shares share price of 11p |
Posted at 01/10/2004 18:38 by combo83 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." Don't let these delays discourage you, the risk/reward will be unchanged no matter how long they delay. The purpose of the feasibility report, as you know, is to determine if they'll make money from the mine after the initial cost of resuming operations. If that initial cost is favourable, the report will tell us exactly how much they expect to make and the share price will follow. If the potential earnings per share is high, then there WILL be fireworks! Though it's difficult to put numbers to it, even a potential earnings of £828,400 or EPS of 0.19p would give these a fair trading value of circa 8p. Great potential. On the other hand the report may conclude that nobody is willing to finance, or that the options aren't favourable, etc. In this case we could see a large drop on the bid. |
Posted at 01/10/2004 09:37 by unionhall Copper and Nickel....Thursday September 30, 2004 The Guardian Oil has been hogging the limelight, breaking through the $50 level this week, but it would be wrong to ignore all the other commodity markets that are going gangbusters. Copper yesterday hit a six-month high of $2,970 per tonne - more than double the price seen in the dark days of 2001, after the tech bubble burst. Other base metals have also shot up in price over the past 24 months, with nickel rising from $5,000 per tonne to $14,000. Tin has moved from $3,800 to $9,000 and even lead - for so long an unfashionable commodity - has more than doubled to $900 per tonne. As with the upward pressure on crude prices, voracious demand from China has been the driving force behind the rises across the commodity range. Persistently depressed commodity prices during the 90s meant there was little investment during the decade in new mines and facilities: the result is a classic squeeze from limited supply and pulsating demand. In the first four months of the year demand for copper rose by nearly 30% in China, 15% in America, and was also up in Europe and Japan. While the market cooled a little during the summer, demand is said to have picked up once more over recent weeks. As usual, speculators are being blamed for the more extreme price moves, but the fact is the underlying physical market remains very tight. While 800,000 tonnes of copper lay in warehouses attached to the London Metal Exchange, Comex bourse and Shanghai Futures Exchange at the end of 2003, those reserves have now fallen to 164,000 tonnes. Kate Barker, monetary policy committee member at the Bank of England, warned yesterday that higher commodity prices were feeding inflation. That is not news to UK companies. Those supplying the construction industry, car manufacturers and consumer durable makers all rely on copper wiring, cabling and tubing for a range of electrical and other applications. They are already struggling with rising energy costs - at a time when fierce competition makes it impossible to pass on extra costs to customers. And where's that competition coming from? China, more often than not. |
Posted at 23/9/2004 19:05 by dollyg well well well...loads more shares issued an zip change (relative)this has got to be a 10 bagger with china predicted to peak next year copper prices, high or low grade should rise more and hence TCU share price. Even ignoring the nickle deposit....strong buy. |
Posted at 22/9/2004 16:37 by optimist23 7 million buy order being worked through in the background here.BullandBear, the above line is happening in CLY and not in TCU. TCU down 11.00% was just a response to Combo who's been ramping TCU on the CLY thread. He came boasting and posted TCU was up 6.9% last week on a certain day, so I thought I should return the favour and give an update on TCU as not surprisingly Combo did not give an update about the 11.00% drop. |
Posted at 06/9/2004 21:47 by dagouri HiNew to the thread but have held these shares for a month or so. Lack of news is a bit scary , but this is a high risk share and all you can do is do as much research as possible and hope you have done enough i guess. All being equal and news is good what type of share price could we be looking at in the near future and then longer term ? |
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!! |
Posted at 30/7/2004 05:45 by suntan Filipino "Rock doc" saysI asked my broker to buy more TCU shares @2.5p earlier but no confirmation so far. These nickel projects will make us TCU shareholders filthy rich sooner rather than later as Robert Friedland said gold is now passe. Nickel and copper are now the future for the mining industry. This NR answered my earlier question as to where the remaining 44% of the AT nickel project went since they were left with only 36% after IVK {investika)acquired 20%. TCU got it. The Celestial nickel project is in conflict with MAC (Lucio Tan) and Blue Ridge (Manny Zamora) that I doubt if it can be developed as fast as the Berong project of AT. The DENR will have to do a Solomonic decision as the people involved here are not the ordinary pinoys with Fred Ramos on the side of Celestial. All are moneyed and well connected. Anyway, the Berong project of AT is already huge that the shareholders of AT and TCU should be happy. I am, as I also have been long on AT(ATLAS) for several years now. I can see mucho $$$ on the horizon for a lot of people in the very near future. |
Posted at 18/6/2004 13:02 by sagem watshot has tipped TCU share price about to double. |
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. |
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