PMHL was floated on AIM in January 06 with a market cap about twice that of WCC.
It's figures (go to www.londonstockexchange.com) to December 06 were pretty healthy and they even appear to be paying a divi.
In common with WCC, the shares look pretty illiquid (RNS = 3000 against 2000 for WCC) and volumes light, though significantly greater than for WCC.

Sunday Times brief specific comment of 3rd June 2007 copied below - it was part of a very much longer article about investing in China .....
Prosperity Minerals - China has become the worlds largest cement producer with an output of 1 billion tonnes a year. Domestic demand is expected to reach 1.2 billion tonnes by 2010. Cement is expensive to move around so it needs to be made by local firms such as Prosperity, one of Hargreaves favourite stocks at 153p.

At time of writing I have not yet put in any money.

Chart looks very encouraging insofar as a nice golden cross, albeit only bewtween 25 + 50 dma has now formed.

ramper :)

Shares mag seems to have got this one right, roaring ahead on today's RNS.

true, but on totally joke volume - the whole day's trading only amounts to 100k

cynic does your figure include trading in Hongkong?

as this site only shows london trading, and presumably HK has a completely different share listing etc - as does Google and the like between london and NY - then no

if HK is the main hub for this stock, then that is where one should trade this stock and not in london

Volume building today after latest RNS.

nice to see at least one share do well today, even if not mine

cynic but you started this thread?

cynic thanks for this thread wouldn't have noticed this one otherwise, moving towards 200p.

perhaps i should buy the damn thing!

strewth! .... try this for a scary chart over the last few years

cynic decided to take a nice 40% profit as you say nobody lost by taking a profit.

some damn fools listen to me occasionally than!

TCC approve the deal.

http://www.hkexnews.hk/listedco/listconews/sehk/20100223/LTN20100223208.pdf

PMHL are due to receive circa 234p a share in cash and they plan to do a share buy-back.

PMHL EGM is next Monday, and the fireworks should begin soon.

250p ? 300p ? what target price ?

EGM all resolutions past this morning.

The buy backs can begin and the company will be getting buckets of cash.

Sit back, wait, relax and let the further re-rating come.

Some chunky buys today as well :)

pp can buybacks begin before all conditions have been satisfied, completion date is 31/3/10 and may be extended to 31/5/10 according to RNS?

The main share buyback cannot start as the main lump of cash is not received until the deal is completed, however, the company has an existing buyback regulation in place and is at liberty to buy back an amount of shares under existing authority.

Interest picking up again, news should be soon.

Picked from a comment from another site, but very true.

Anhui Chaodong is now trading over RMB 10.00 valuing PHML's stake at 58p per share, add the 240p cash for the pending sale of the cement business (due before end of May) and add in the iron business, which should be trading very well, and the true value of PHML shares are circa 340p.

Good news !!

RNS Number : 0578L
Prosperity Minerals Holdings Ltd
29 April 2010


Prosperity Minerals Holdings Limited
("Prosperity") or ("the Company")

Shareholder Update
Disposal of Cement Business in the People's Republic of China

Further to the Company's previous announcements in respect of the Disposal of the majority of its cement business, Prosperity Minerals Holdings Limited (AIM: PMHL.L) is pleased to announce that on 29 April 2010, Pro-Rise (a wholly-owned subsidiary of the Company) and the Company received an irrevocable Completion Notice from the Purchaser (TCC International Holdings Limited) to complete the Disposal. The Completion Date for the Disposal is set to be 30 April 2010. A further announcement will be made following the Disposal.

Unless otherwise specified, capitalised terms used in this announcement shall have the same meaning as those defined in the circular of the Company dated 4 February 2010.