Toledo - Cashflow from the world's 3rd largest Nickel Resource

I sold my shares first thing this morning for 3 reasons;

1. Having loaded up big time for me at 128.5p average, the price movement following the TEP and PCSD announcements was disappointing. Indeed ,is seems professionals were selling into strength which is why the opening highs on each day failed. To hold any share medium term,I need a positive buffer zone and was therefore looking for the SP to trade in the 150-160p range. Following the latter announcement , the chart went sideways indicating buying pressure had been exhausted.

2. The permit news was very important but the EEC and MPSA agreements are probably 2-3 months away so there may be a dearth of newsflow which will be negative/stagnating for the price. Additionally the BFS is 18 months or more away. This may be why there isn`t more instsitutionsal support at this stage as numbers are hypothetical at this stage.

3.Most importantly, the "wrecking crew" arrived on this thread which was a sure signal the SP would go one way short term.

Cosequently I`ve preserved my capital with only a small gain (I`ve lost too much recently by holding on and watching break even positions turn to losses) and will look to buy back in when things have settled ,the chart looks better and the wreckers have gone.

Good luck to long termers

ps- I`ve transferred my money into LEAD (Leadcom) (it`s performance to date /prospects speak for themself)