Toledo Copper Share Discussion Threads

[squareroo] 23/8/2004 08:12

high risk yeah.30% infact.less risky than PCI at 50% but every man and his dog wants them its called the sheep factor.baaaaaaa!



I would like to hear what my optimistic assumptions are because i am a natural pessimist and am comfortable with the fact that i may be wrong and lose a few grand.nothing ventured nothing gained.

If it does start going up watch all the sheep start jumping on the bandwagon.remember there are shaepards as well as sheep.!

[shirishg] 22/8/2004 22:54

Post removed by ADVFN

[determined] 22/8/2004 22:50

You seem to have already made some very optimistic assumptions, which I won't try and argue with as you would have no desire to hear them.

I wish you luck my friend!

[squareroo] 22/8/2004 22:42

of course they need more funds it is written all over the listing documents and all over every news release to date.they need $28 million worth of funds to go ahead with the copper mine.the institutions and the smelting consortia know this and will underwrite the issues knowing they will be repaid handsomely when the metal starts being churnd out.

[determined] 22/8/2004 22:22

I hope you guys understand the words "high risk" because this is about has "high" as "risk" gets!!!

High potential for sure, but don't put all your eggs in this basket, they may not hatch!!!

They certainly need more funds, so I'm staying out at least until that is achieved, if of course it is achieved!!

[squareroo] 22/8/2004 20:29

from shares about rab capital".......investment expertise is being increased in the metals and energy sector where the company sees most potential.." fair enough considering they own 21% of toledo copper!

[squareroo] 22/8/2004 20:09

no it won't.

[made1686] 22/8/2004 11:15

will rocket monand fly to 10p

[squareroo] 20/8/2004 13:26

I agree about the management and whether chris K can deliver remains to be seen.

[shiny000] 20/8/2004 12:28

If that were to happen, no matter what other projects are in the pipeline the first battle would be against negative sentiment. For an example of this take a look at oxs and what's happened over the past few days. Not the same scenario by any means but nevertheless a good benchmark when asking yourself what if...

Next is to remember that at this moment in time we are talking about tcu making promises to do business with certain partners. Promises are fine, but real action is what ultimately counts. Only when those promises start to be delivered will sustainable credibility and confidence grow. Until then we'll most likely ping around like a trapped fly.

The jury is still out on the management and it's up to them to prove to us just how good they are, or otherwise of course!

There are still finance issues to be worked through surrounding the Nickel projects, but those issues are out in the open so should come as no surprise to the market.

[squareroo] 20/8/2004 11:54

supposing the copper mine gets the thumbs down? wouldn't the share price be supported by the nickel project coming on stream in march.also there would be no need to raise funds.

[squareroo] 20/8/2004 11:41

yeah it is 150000 to sell 350000 to buy i would wait untill that changes before buying.

[shiny000] 20/8/2004 10:56

Squareroo

Was it you who asked about L2 a while back? Hasn't changed in days - 3 v 3. Maximum online buys and sells have jugged around every so often though.

[squareroo] 20/8/2004 10:46

is that your 10000 chris?

[squareroo] 19/8/2004 21:12

The asian infrastructure will be built this century just like the american and european was in the last century.while prices will fluctuate the trend will be up as demand outstrips supply.

The largest producers are chile peru and america all on the opposite side of the world to china.the phillipines are only a few hundred miles away.

[squareroo] 19/8/2004 20:54

the way i see it shiny is that they will need about #15-20 m cash before opening the mine.presumably the institutions already knew this when they invested because it is stated in the listing documents so presumably the institutions will take equity and fund it.once the mine is up and running the cash will flow in.

In the mean time they need 3m to get the berong nickel project up and running for march 2005 which will bring in annual income of 5m.

The phillippino goverment are committed to exploiting the mineral resources of their country.

I don't expect TCU to five bag in a year but i would expect it to be trading around 3-4p before christmas.


The downside will be severe if a)The copper mine is shelved

b)they say they need to do more studies

c)there is a large seller still waiting to exit from the placing.


the reason i fear a large seller may still be lurking is that this has been tipped somewhere and i believe that shares are tipped on behalf of a rich client facilitating his exit.if none of the above happens it should move up.

[shiny000] 19/8/2004 19:40

If/when a bullish study is published there will still likely remain an issue of interested parties having to raise a substantial sum of money to finance the (long) lead into production.

The Philippines Government will also have to do their bit by continuing to play ball in moving towards towards the creation of a favourable foreign investment climate.

It would not be wise for anyone to raise their expectations over and above the reality of the situation.

Yes, we may get some quick win short term feeding frenzies but it certainly won't be one way traffic, and if we are looking down from a great height in anything like as soon a one or two months from now I promise to eat a good 5% of my rather chunky but risky tcu investment, note by note.

Should that occur I won't be complaining. However as miracles rarely if ever happen, it's a pretty safe bet I'll be tucking into conventional food for a while yet.

Anyone disagree? Good. It's a democracy and your perogative!

Happy investing all.

[squareroo] 19/8/2004 17:43

nice volume even if 1 000 000 of it was a rollover. someone must be optimistic.does anyone know whether l2 has improved?I have temporarily given up trading and got myself a jobso i can never check online buy or sell limits which is a usefull indicator as to which direction this is going to go.hopefully TCU and SPD will collectively yield more than a few quick in and outs.

I really thought news might have been forthcoming this week but perhaps we will have to wait untill the egm on monday.the last article seemed to suggest that the study had been done and was ready but yet there was stillonly 70% probability of opening the mine. ie still some doubt.who knows.perhaps a leak to a sunday nespaper might get the ball rolling.

[bullandbear] 19/8/2004 14:12

u reckon, why and what havve you seen on l2

[j bravo esq] 19/8/2004 14:11

runners and riders begining to jockey for position now!!

[Abuse team] 19/8/2004 13:08

Post removed by ADVFN

[bullandbear] 19/8/2004 10:33

LOl.. any news anywhere. I'm sure they are busy finding that Nickel... surely some news soon.

[squareroo] 18/8/2004 18:35

another action packed day.

[squareroo] 18/8/2004 07:51

The red metal is 'Connecting Asia', as the region develops electricity and telecommunications networks while expanding transport infrastructure and motor vehicle fleets.

China's rapid industrialization leads the way. Between 1997 and 2003, global refined copper consumption increased at a compound annual growth rate of 3.3% – but without China, the rest of the world's rate was only 1.3% per year. Development of China's infrastructure, including electricity generation and transmission capacity, electrified railways and telephone networks, and growth in output of manufactured goods is creating massive new demand for copper. Chinese demand is also contributing to copper consumption growth in neighbouring countries, most notably Taiwan, South Korea and Japan, as these nations use copper to produce sophisticated manufactured goods for export to China.

China outstripped the United States as the largest copper consuming country in 2002, and there is still huge potential for ongoing growth. Connecting Asia reveals per-capita refined copper consumption is only one-quarter of the level in Western Europe, the United States and Japan. AME forecasts that China will account for 23% of global consumption in 2008, up from only 10% in 1996.