The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
it seemed to be NT yesterday afternoon for any at all. all I could get was 5000 yesterday lunchtime then it was NT for rest of the day
spread seems to have closed a bit 27.4/30 although you can only buy 5000 online.
guess the 14% spread is hardly going to encourage buyers! 30p to buy and 25.8p to sell....
12 July 2010 Toledo Signs Memorandum of Understanding with Jinchuan Toledo Mining Corporation PLC ("Toledo" or the "Company") (AIM: TMC) is pleased to announce that it has signed a Memorandum of Understanding ("MOU") with Jinchuan Group Limited ("Jinchuan"), the largest nickel producer in China, pursuant to which Toledo and Jinchuan intend to form a strategic alliance for the exploration, mining, processing and sale of nickel products from Toledo's nickel interests on Palawan Island, Philippines. The signing of the MOU follows six months of detailed negotiations involving respective company directors and Manila based senior management. Completion of the transactions set out in the MOU is subject to the satisfaction of conditions precedent including the signature of definitive legal agreements, completion of due diligence, board, shareholder, and where relevant, partner and regulatory approvals. HIGHLIGHTS * Jinchuan to subscribe for new Toledo ordinary shares ("Shares") representing 29.9 per cent. of the Company's enlarged issued share capital at 42p per Share, raising over £7.4 million (US$11.2 million) * Jinchuan to nominate two directors to the Toledo Board * Jinchuan will enter into a Direct Ore Shipping ("DOS") sales contract for the purchase, on commercial terms, of at least 1Mtpa of nickel ore from 2013, increasing to at least 2Mtpa in 2016. Jinchuan will provide a pre-payment purchase facility to assist with working capital associated with the fulfilment of these contracts * Jinchuan, under a joint operations committee, to assume management of Toledo's Philippines interests with commitment to a development programme including milestones in relation to exploration, mining and development options for ore beneficiation and processing * Toledo to be granted a right to co-invest in Jinchuan's planned ferro-nickel smelter in the Guangxi Province, China. The parties will work together on a second planned processing plant in the Philippines Mr. Reg Eccles, Chairman of Toledo, commented "We are pleased to announce this proposed strategic alliance with Jinchuan, China's dominant and fast growing nickel producer. This proposed alliance is consistent with our stated objective of achieving value added processing for our portfolio of nickel assets and is a very significant step for Toledo. It provides a tangible path for the fast track development of our assets and provides a means to unlock the significant potential of the resource base in Palawan. Jinchuan's significant operating and technical expertise together with Toledo's assets and people in the Philippines are an excellent combination.
no posts for weeks then it all kicks off, hopefully a good sign!!!!!!!
8% again and yet the price stays the same!!!!!!!!!!
8% again! according to lse these seem to go up 8% a day whilst remaining in the 25-28 range!!!!
managed to find anything we should know about?? or just an over-reaction to the state of the markets?? after yesterday naively thought we'd just ride it out...... tempting to top-up but.............
had a £2k's worth at the open, went to top-up with a few more and you could only get £1k's worth at 26.87!
take a look at the recent rns, guess you may have noted a 35% jump that day. those gains slowly being eroded though. Should be a good longtermer at this price. DYOR
wondered whether it might drop back a bit more as it was so easy to buy online this morning
here and watching :-)
still can't buy online without a limit order but they were happy to pay 34.62 for mine
took me a long time to top-up this morning. eventually got some but had to pay 34.5 easy enough to sell though. I like andy's comparison to char, enjoying the ride over there....
can't even buy online at the moment, bit frustrating. offered 33.1p for the few I have.
and hopefully looking nicely placed to test 40p again. with nickel prices as they are this will surely get noticed soon..
not sure there is any great expectation really, all boards pretty negative. I cut 1/3 at 27p but I'm still sat on a nasty loss. HAWK and PMK are the bain of my p/f, harsh lesson, have held too long. if you look at the 3year chart for hawk they have again touched on the 3 year low. I'm reluctant to cut the remaining 2/3 and walk away with the loss but it could be the best thing to do, just don't know. the blow has been softened by the recent performance of char, btc, nvta
hawk interims supposed to be 19th march i believe in case you weren't aware. no advice intended as I've screwed up on hawk!
you're not wrong! the spread is huge.........
personally I wait until about 54-56 again having jumped out at 68.......we'll see.