Toledo Mining Share Discussion Threads

[edward3] 20/12/2012 18:36

Shareho1der No rampers on here although a couple of derampers have appeared...i make my own decisions...

[susiebe] 20/12/2012 16:58

Shareho1der

You sound like someone who sold out in mid 20's expecting share price to go to your beloved 18p...instead it went to 37p!!

[oli12] 20/12/2012 16:55

Thanks for that Shareho1der - I'm sure "Aqui11a" agrees too.

[shareho1der] 20/12/2012 16:35

Edward . Its your choice to listen to the rampers rather than heed to my warnings.Not too late to sell . This is going back down to 17p imo .17p is good enough for world fund ltd .

[boobly] 20/12/2012 15:24

.....FWIW , I think someone`s messing around with the bid , and , with so few shares in free float , virtually no buying ........

It`s pathetic really , the cost of acquiring this out fit is negligible in relation to it`s future worth , but i think the problem lies in the relationship between the major stake holders here .
More patience required , but I`m sure it WILL get sorted .
If not , we will have a much more productive and profitable Company into the future , imo .
NAI .

[edward3] 20/12/2012 14:51

Well i never thought we would go sub 30p i think i have made a bad decision to keeping my shares and not bailing when we got to 37p, i had the opportunity then of buying ppc at a tad under 20p ......so overall not a happy bunny at the moment..

[b2l] 20/12/2012 13:46

would also be welcome @GS ......

[giant steps] 20/12/2012 12:44

... it becomes PHP 66.80

[aqui11a] 20/12/2012 12:42

What happens to my £1 target ?...

[minidevil88] 20/12/2012 07:22

Another practical issue is that with dmci onboard now they might actually get the upgrade done on the barge loading facility to allow all year round shipping.

[shareho1der] 19/12/2012 08:20

... and the share price is rocketing on the news . LOL

[aquilla] 19/12/2012 08:01

N_M,
My understanding is that the net result of this shuffling is that we now have more effective control over Berong plus we have got a rather awkward partner (ENK) out of the way.

[giant steps] 19/12/2012 07:47

On a practical level we observe DMCI providing utility power to Palawan...

... so one hopes their influence will now unblock tree permits etc.

[giant steps] 19/12/2012 07:43

Toledo will now call the strategy over berong

Should also make for a very tidy project split : berong and ipilan

(i'm hoping MacroAsia muscle in given infanta neighbours ipilan)

[nav_mike] 19/12/2012 07:37

Okay - pretend im an idiot for 2 mins - i know, i know...almost impossible lol

Please explain whats improved for TMC as a result of all this stake shuffling if we end up back at 56.1%?

Direct/Indirect changes....yes I know, but what are the practical implications?

[giant steps] 19/12/2012 07:20

Nice to see a MOU convert for toledo

Toledo will get an enhanced DIRECT INTEREST in BNC 18.6% + 21.3% = 39.9%
[was 21.3%]
+ INDIRECT 16.2% = 56.1%



Toledo will now be an obvious target but will it be so easy as ENK ? !!

[aquilla] 19/12/2012 07:12

And an extra $655,200 (on balance) in the bank!

[giant steps] 19/12/2012 07:06

Very nice tidying of the reporting structure

- should make for a nice CLEAN acquisition of toledo imo (no advice intended)


RNS 19th Dec 2012

[susiebe] 19/12/2012 07:05

19 December 2012

Toledo Mining Corporation plc

("Toledo" or the "Company")

Sale of 18.6% Indirect Interest in Berong Nickel Corporation ("BNC")

Update

Further to its announcement of 22 October 2012 Toledo Mining Corporation plc (AIM:TMC) announces that, following final discussions held between 14 and 18 December with DMCI Mining Corporation ("DMCI Mining"), the Company has exchanged contracts for the sale of the 31% shareholding in Nickeline Resources Holdings Inc to DMCI Mining. Toledo also anticipates the imminent completion of its purchase from ENK plc of the 18.7% direct stake in BNC in accordance with the Company's exercise of right of first refusal announced on 29 June 2012.

DMCI Mining, which has a 17.01 percent interest in the Company, is deemed to be a related party of Toledo as it is a subsidiary of DMCI Holdings Inc., and Isidro Consunji is a director of the Company. Accordingly, the entering into legally binding sale contracts is deemed to be a related party transaction as defined by Rule 13 of the AIM Rules for Companies. The independent directors of the Company (Mr Consunji being recused) confirm as required by Rule 13 of the AIM Rules for Companies that they consider, having consulted with the Company's nominated adviser, that the terms of the Sale is fair and reasonable as far as the Company's shareholders are concerned.

Victor Kolesnikov, Chief Executive Officer, said "I am delighted that the agreements have been finalised under which the Company will be receiving payment of US$6,552,000 from DMCI Mining for the sale of the indirect interest in BNC and the parties have agreed that Toledo will use these proceeds to settle the $5,896,800 balance of purchase price payable to ENK plc for the 18.7% stake in BNC".

[boobly] 18/12/2012 10:07

aquilla:....."I already have!"

Quite right .

[minidevil88] 17/12/2012 23:17

Taken from dmci annual report 2011.NICKEL MININGThe company's nickel and other metals posted better than expected profits of 63% for the year at P917million versus P564 million in 2010.Revenues still managed to grow by 25% due to growth in sales volume despite a drop in average selling price. Moreover, improved mining operations resulted to better gross margins, a testament to the DMCI engineering pedigree.Nickel ore shipments for the year came mainly from the Benguet mine. It produced a record 1.7 million wet metric tons (WMT) this year compared to 1.2 million WMT last year.Through DMCI Mining Corp., the group continued to mine and sell high grade nickel ore (1.8%-2% nickel content) from the Benguet mine in Zambales.It also started operating at the old Acoje mine via a contract with Zambales Diversified Mining Corp., an affiliate of European Nickel, which is listed in the London and Australia stock exchanges.First shipment from this mine came in the 2nd half of 2011. The reinstated operations in Acoje were envisioned to supplement and likely replace production from Benguet. The current contract with Benguet Mine would likely be finished by 2012.With the current direction of Benguet to operate on its own and the Acoje mining operations with European Nickel looking to follow suit, DMCI Mining is now exploring acquiring its own nickel and other metal resource assets.As the Philippine government is also looking to revamp and improve revenue generation and policy implementation in the mining industry, the company sees a few opportunities to possibly acquire mining assets for the group. If these initiatives are successful, the company hopes the nickel mining business will grow significantly and become a major contributor to consolidated operations.Let battle commence..

[aquilla] 17/12/2012 22:05

GS,
I already have!

[b2l] 17/12/2012 20:51

sh
a lot of tosh from you ... nothing else ..