hi im fairly new to this board,but thought you might be interested in my thoughts.web shareshop looks a bargain at the moment....it has a market cap of around 2,500,000 at a price of 14p to buy,the companies holding 7,500,000 shares in south african resources which is alone worth 2,100,000(up 4 today again),as well as several other companies.the campanies shares are not traded very often but results are out around 15th feb,and its portfolio must be worth 20p a share.please give your thoughts.

Thu Nov 27, 2003
Drilling underway at Cata Preta Gold Project

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Brazilian Diamonds Limited is pleased to announce that drilling is underway on the Cata Preta joint venture property in Brazil. Hidefield plc, the AIM-listed gold explorer, has the right to earn up to an eighty percent interest in the Cata Preta gold project pursuant to the terms of the joint venture agreement signed in September 2003.

The Cata Preta project consists of two exploration licenses covering over 2000 hectares and containing the historic Cata Preta gold mine which lies within the Quadrilatero Ferrifero region of Minas Gerais, reported to be one of the most productive Greenstone gold belts in the world.

The initial Hidefield programme includes six diamond core holes, for a total of 1000 meters, designed to test the northeast extension of the outlined deposit and expand its resource. Initial results are expected in mid-December. Re-evaluation of past work and field mapping elsewhere on the licenses has indicated a significant number of additional untested targets below historic shallow workings, with potential for similar gold deposits. These targets will be tested in follow-up programmes.

The agreement with Hidefield calls for staged work requirements and additional issuances of Hidefield shares over a three year period. Hidefield is presently completing the acquisition of a fifty percent interest in the project through a U. S. $750,000 work programme to be carried out by December 2004 following the recent issue of 26.5 million shares of Hidefield to Brazilian Diamonds Limited.

Brazilian Diamonds has substantial corporate and technical infrastructure in Brazil and now as Hidefield's largest shareholder and partner in the Cata Preta project, it is providing Hidefield with administrative and technical support to enable this early commencement of the exploration programme.

Commenting on the progress to date, Brazilian Diamonds Chairman, Kenneth Judge stated, "The commencement of the drilling on Cata Preta marks the beginning of a new and potentially exciting phase at the Cata Preta property. The Brazilian Diamonds infrastructure in Brazil has enabled Hidefield to start this exploration activity much more quickly than would otherwise have been possible. We are optimistic that the results of this drilling will add to both the present gold resource and our understanding of the geology of the project area which is surrounded by a considerable number of past and present gold mining operations".

RNS Number:6910S
Southern African Resources PLC
01 December 2003


SOUTHERN AFRICAN RESOURCES PLC ("The Company")

Ordinary Shares of 0.1p each

The Company was notified on 27 November 2003 that The Web Shareshop Limited had
sold 2,500,000 Ordinary Shares on 26 November 2003. Following the transaction
The Web Shareshop Limited retains 7,500,000 shares representing 4.4% of the
Company's issued share capital.




looks like they got at least 12p for them = 300k

LONDON (AFX) - Web Shareshop (Holdings) PLC six months to January 31 2004
Sales - 299,000 stg vs nil
Pretax profit - 159,000 stg vs loss 65,000
EPS - 0.38 pence vs loss per share 0.24
Underlying NAV - 21.4 pence vs 5.1 (July 31 2003)

Yes, I agree 20p is a good target for them, I sold mine at 17p for a small profit and am looking to buy back again, fallen too far, however, current market subdued so who knows.

i sold my holding in this co just after the results at around 17p....just bought them back 2 days ago 12.45.....couldnt see them going much lower and up 1 today.....still think theyve got tremendous potential....south african resources stock must just about cover the entire share capital of wss.

boroboys & janesteve - congratulations on your excellent timing with sales @ 17p.

I too have been watching these pull back; but would have missed the turn if I hadn't been reminded on another thread. Personally I set great store by Fibonacci Retracements; and in a rising sector the 38.2% retracement would seem to be the appropriate marker. That takes us back to 12.175p. I suspect Janesteve has timed re-entry to a tee, as we are overdue a Net Asset Value statement; and when one does come, it will refocus attention on an oversold play in the resource sector.