|Toledo Mining Corporation
||EPS - Basic
||Market Cap (m)
Real-Time news about Toledo Mining (London Stock Exchange): 0 recent articles
|aquilla: The Final Word
In the spirit of openess I am posting my final email to the TLG on the BB.
I hope you are all keeping well.
I have, naturally, been asked what my position is in the light of recent events.
I have referred to the two options available in my last two BB posts: to accept 50p or to say on for the long term.
A)To Accept the 50p
1)The price could rise as good news unfolds.
2)Mr Zhevago remains with his blocking 25%.
3)The tree-felling permit and Ipilan final permit could be forthcoming.
B)To Stay on for the Long Term
1)There would be no proper market for the shares once the offer period has ended.
2)New buyers would not have the incentive to buy in at anything like these levels.
3)The share price would almost certainly drop in the short term as belated stragglers sell out...I am told the share price could...and I emphasize the word could...drop to 5 to 10p over the coming months!
4)There is no certainty that DMCI would be returning shareholder value. They could simply attempt asset stripping.
5)The independent directors, guided by the Nomad, Ambrian, have reached the conclusion that the offer is fair and reasonable....and bear in mind that it is their jobs on the line! Given the previous Ambrian valuation of around 53P, the offer would be reasonable.
6)Mr Zhevago is not in this for the share price...this is small change for him. What he wants is the nickel ore, so it would not surprise me to see him reach some sort of deal with DMCI which ignores the remaining minority.
So for all these reasons I have come down on the side of............ ACCEPTANCE.
If, in the coming months, the share price were to reach 5 or 10p then I would consider buying back in. But in the meantime I have chosen to invest my money elsewhere. Good luck in whatever you decide.
I am now disbanding the TLG.
As usual, No Advice Intended and AIMHO.
PS Thanks to all for your support and input over the years.|
|david77: Not addressed to me but - the share price is determined by supply and demand. Will there be more buyers for your shares than sellers? I wouldn't bet on it.|
|gussie14: Aquilla or SLG. I have a few shares in TMC and do not understand why I should sell. If Fev can block DMCI taking company private then why would our shares not rise when you can bet with DMCI in charge the permits etc will come through. Am i missing something as I cant see why DMCI would'nt want the share price higher.|
|littlepm: Hi Guys. What do you think that if BOD rejects the offer will the share price tank. I am thinking to take money off the table as DMCI may play a waiting game in this scenario and again shareprice can stay in limbo for quite a while.|
30 Oct'12 - 11:19 - 73135 of 73147
Giant, why unfortuantly? Is 40p not enough?
This has been a dog of a share "
Indeed it has .
Forget the share price , forget the value in the asset , IF you have enough financial muscle you can effectively either name , demand or manipulate your purchase price . The complexities usually arise from the structure and strength of the shareholder base .
The FUTURE value in this asset is probably multiples of the current price . To release that value , it will require huge investment . This inevitably results in shareholder dilution .
Some on here possibly remember the 400p days ! most of us remember the 17p price . I suspect the general consensus of a `Fair` take out price is 50p/ 60p . It looks like we `May` be underpinned at 40p .
As mentioned earlier , Will JC play hard ball ?|
|aquilla: "So it could be suggested that TMC wanted to achieve five objectives by issuing a false statement regarding a potential suitor for the company....
To keep the share price above 23p, the (none existent- Therefore Deceptive) offer RNS was released, share price rises to 32p, then the already known jinchuan deal collapse was announced two trading days later 12th December 2010 (hiding known market sensitive information)...
Therefore my conclusion is there was no offer, the news that should have been released by TMC on the 9th Dec 2010 was the failed deal, they already knew about it, but did not release because it would have decimated the SP"
As posters on this board will know, I am no apologist for the Company. Yet here I believe Jason is well off track.
I spoke to Reg shortly after the announcement. From what I was told it seems that there was an approach (and I was later to ascertain that this was in the form of a polite enquiry of which the Company received many, rather than a formal offer).
Because of the coincidence of the share price increase due to buying by Jason, the LSE insisted on an RNS. Reg, when I spoke to him, was in fact moaning about all the extra work the situation would entail (as an over-worked chairman would do) and did not seem at all happy.
So, unless he was putting on a superb act, it seems to be a fortunate coincidence for the Company, fitting in as it did with the need for a strong share price in view of the placing.
However there are two unanswered questions.
1)Why did the LSE approach the Company when the sp, after all, had not risen massively. Was it the Nomad who alerted the LSE?
2)Did the Company sit on the failure of the Jinchuan talks for a few days? My understanding was that the talks failed while Reg, complete with his new set of pens ready to sign, was in Manila. What date was this and where was he when the RNS was issued??|
|livic1971: Donald - At a current share price of 23p how can you not view it as a great deal to get 23p for one of your assets. In fact its a good deal at any share price within the last 3 years so its not like they have smacked the share price down to get this deal done.
I might view it differently if I had paid £2/share but I didn't. If you have paid £2 its about time to average down and stop living in the past. Assuming the deal goes through it will be very difficult for the market to value TMC at 23p when they have 30p/share in cash and a functioning mine.
Most people here wanted Reg to increase the SP, this deal will increase the share price as the market can ascribe no value to Ipilan but it has to give value to cash. Prior to yesterday morning I was giving little to no value to Ipilan as most AIM miners have had their in ground assets discounted to nothing. This is unfortunately reality and will only be fixed when all those who traded out of AIM in the last 9 months put money back in.|
|oilyrag: Personnally, I have always thought that the atlas loan was a brown envelope job. The way that the issue has always been avoided by the company would suggest that my guess is correct.
This is my own personal veiw and is not based on anything that I have read or heard.
I wonder what TMC share price would be if we had kept the copper mine and left Atlas to develop Berong.|
|naplion: morning all
jc , nothing persoanl , but i am now really questioning your motives or your share investmnet skills, regardless what is the final result of the issues you have rasied it makes no sense what you have done and doing at a time when the company was doing a U turn, not with some one holding 15 pecent of the company . you know more then any one that if you own a company which you do and i do , and you '' think '' you might have a problem with one of the manager , you dnt go about shouting about it infront of staff and customers , you deal with it internally . you should have kept your views and the private e mails between you and the company private as it had a bad effect on the share price more then the postive effect of you supporting the share price.
i have no idea what your plans are , but in my opnion if any one now manuplating the share price indirectly is your self
first you tell people that the share is gona be over a £1, which you will then start to exisit
then you say your going to stop buying for now becasue you have enough
in your last post you say if it reaches 45 pence you might sell some
if that is not indirectly manuplating the future movment , then i dont know what is. ( i dont think you mean to do so , you just dont know your doing so )
to want us to think that you really care about our investmnet or about the company you must think that we are stupid or naive , your a business man , you want to make your money ( or you are now panicking so much you just want out becasue your thinking about it too much, and becasue of the stake you found your self holding) . you even admitted that you were not planning to buy that many shares , your just like us who found them selves topping up at times and buying more at time when we thought things are gona get better, only you have much more money to play that game .
3 weeks ago you were dfending reg, now he seems that he cant and never done any thing right . i am not defending reg , i just think leave him be while we are getting things around. he for sure didnt look like they were not doing any thing in the last AGM which i attended and you didnt. nor when he was upbeat about the company future in his last intreviw in an internet website.
i think its time for you to focus on your business, put an alert or AT at the prices you want to exisit at , and leave these boards and let the company be and the share price do what its suppose to do ,, you are not helping ..
nothing personal jc , my view only , and i would like other investors who agree with me that jc should stop posting, should say so ( we cant force you , we can only kindly ask you and its up to you ), and for sure dont tell us any more if you are going to buy and if your going to sell and when , i dont think it's even legal for some one who holdes as much shares as you which can hae an effect on the share price.
|petebean: The pure Ni price is little to do with TMC share price - look at the relevant increase in pig-iron nickel, which is TMC's market.
Is that clear enough for the pessimists unable to read ssadim's posted article ?
Hold and increase if funds allow.
Toledo Mining share price data is direct from the London Stock Exchange