Toledo Mining Share Discussion Threads

[hectorp] 18/2/2013 19:16

Which one is next could be the moot question.

[ssadim] 18/2/2013 17:53

Just a continuation of the same RMLA, ENK and now TMC.

[hectorp] 18/2/2013 17:45

Yet another company that will not return future value to shareholders apart from early entrants. Well done traders hard luck investors, that seems to be the way of things these days.
But interesting that Nickel producers have their price.

[oli12] 18/2/2013 17:20

Someone unloaded 100k @ 48p at the close. Let's see what tomorrow brings.

[nick297] 18/2/2013 17:05

My average is 90 p, long wait of 4 years..very sad to be honest

[ssadim] 18/2/2013 16:28

Yup thats me with an average of 107p.

[oli12] 18/2/2013 16:18

I agree Mike BUT you can sell today for 48p I would have thought there would have been more sellers at this price - the difference between 48p & 50p is minimal considering the wait involved for 50p. I get the feeling holders want and expect more - some investors have been here for many years with averages well over 50p.

[nav_mike] 18/2/2013 16:11

Oli12

The volume today is largely irrelevent - it merely represents the shares sold by people who dont want to wait for the offer docs and wait for the full 50p to come their way.

[moosh2] 18/2/2013 16:11

red box - interestingly, before the offer, monthly money flow was majorly massively up with no real proper shift in share price movement. if BoD could drag this out for a few months with the old 'we think the offer undervalues the company' line, then given that the build-up in money flow was already there pre-offer, we could have movement up....issues at 83p as per long term EMA. is 83p reasonably for an offer price?

[oli12] 18/2/2013 16:03

I would imagine DMCI care as they need shares and the support of the company to take this over at 50p per share - at the moment they have 37.7% support only with surprisingly low volume today on what is a good offer.

IF the company FEV and World Fund back the 50p price then the rest is a formality however that is not a forgone conclusion yet....

[ssadim] 18/2/2013 15:44

MD88 why cut and run? Have Ferv promised anything? Not that I recall. IF the deal goes forward we are ok for 50p. Not however,I hasten to add does me any favours.

[minidevil88] 18/2/2013 15:38

Good luck all, time to cut and run, do not trust ferv one bit.

[oli12] 18/2/2013 14:24

So just under 500,000 shares traded which is less than 1% of the market cap - people clearly think a higher offer is coming.... TMC have updated th website -

DMCI Mining Corporation 37.7%
Fevamotinico SARL and associated companies 25.18%
World Fund PTE Limited 5.02%

Total 67.9%

(TLG owns around 5%) There is still 27% up for grabs!

will Fev and World Fund get together?

[ian 50] 18/2/2013 13:55

This could be another ENK senerio

Been taken out on the cheap

NB low cap see the comparisons

[liamroy] 18/2/2013 13:29

You know it makes sense edward ,PPC and a new car sounds good home for your profits,take care see you soon.

[edward3] 18/2/2013 13:17

haha..Liamroy you wouldn't be plugging PPC would you ...I'll be over soon.

[liamroy] 18/2/2013 12:55

Hi Edward ,think 50p best your going to get maybe time to let go and move some funds over to ppc ,more director buys reported again this morning. :-)

[sportbilly1976] 18/2/2013 12:54

well - congratulations to all who held for this...ok it isn't the £1 a share people had been commenting previously but it is the highest this has been for some time.

edward, DMCI will be buying everything, they can save a penny or so and reduce the amount they need to buy at 50p

[edward3] 18/2/2013 12:19

I don't blame anyone selling a profit a profit, be interested to see the rns later to see who has been buying all the shares...

[cheou812] 18/2/2013 12:05

Rather than counter bidding I can see Fev blocking this, engaging in a long war of attrition and the share price falling back to 25p. The board of this company hasn't given a flying you know what for PIs for years. Can't see that changing. So I've taken 1p a share less the JC. Am not crying. GLA and if you do better than me, so be it. Am just glad to get my money out at a vv healthy profit.

[tradermania] 18/2/2013 12:05

Oh well, sold out.. I remember the days when these went to £4 and I sold at £2.80 from 60p. Still a return is a return right. I could never work out why, after all the promises, these never made it big.

[knitcraft] 18/2/2013 11:13

Bid creeping up.

[aquilla] 18/2/2013 10:33

From Proactive Investors:

".....Commenting on the offer, Isidro Consunji, chairman and chief executive of DMCI Mining, said: "We are very pleased to have increased our investment in Toledo with the acquisition of Mr Cropper's shares. Our offer to the remaining Toledo shareholders represents an attractive opportunity to crystallise a significant premium to the prevailing market price in cash today."

[edward3] 18/2/2013 10:27

well a couple of the posts above is exactly what i am thinking....dont ask me why but i see a counterbid coming for 60p plus....time will tell...

and that 48.55p have moved up to 48.6p