wilbs
- 18 Apr 2005 10:17
garymegson
- 23 Jul 2006 12:08
- 59 of 109
Sunday Telegraph Tip:
South China Resources listed on Aim in April last year at 5p and has since risen to today's price of 23p.
The company deliberately came to the market with a low valuation, aware that investors would factor in a level of risk associated with China.
However, it is worth noting that the directors' options do not kick in until 35p and 40p, demonstrating the management's belief in the company's potential.
SCR has spent several years successfully negotiating the legal and regulatory framework necessary to operate in China. This approach has paid off - it recently said it was close to achieving permission for a project to develop a small but high-grade copper and molybdenum mine in the Shaanxi province in central China.
By bringing this project into production SCR hopes to prove its ability to operate in China and it could pick up further copper and molyb-denum projects in the region.
It recently struck a deal with the Xi'an Institute of Geology & Mineral Resour-ces, the Chinese government's geological body responsible for all five western provinces, to jointly evaluate at least four significant copper-molybdenum systems recently discovered by the institute.
This looks promising and we rate the shares a buy.
silvermede
- 27 Jul 2006 15:42
- 60 of 109
RNS on significant instutional holding:
South China Resources PLC
27 July 2006
South China Resources Plc ('the Company')
Holding in Company
South China Resources plc was informed on the 27th July 2006 that JPMorgan Chase
& Co. ('JPMCC') is the beneficial owner of 23,522,963 shares in the Company,
representing 14.96% of the issued share capital of the Company.
britshare
- 27 Jul 2006 21:11
- 61 of 109
Is news expected? The chart indicates a sharp move soon.
HARRYCAT
- 13 Aug 2006 15:10
- 62 of 109
News for this stock is scarce.
I think your anticipated chart movement was based more on hope than research.
I can find nothing to support an increase. Sorry.
HARRYCAT
- 22 Sep 2006 08:50
- 63 of 109
Anyone still holding this stock?
News this morning is positive but hardly awe inspiring.
paulafrancis
- 22 Sep 2006 09:13
- 64 of 109
long termer - but it`ll get there
seawallwalker
- 08 Dec 2006 12:26
- 65 of 109
Looking for a trend change here and a bounce from 12 pence.
South China Resources PLC
01 November 2006
South China Resources plc (AIM: SCR)
('South China Resources' or 'the Company')
DANFENG PROJECT UPDATE
FURTHER ENCOURAGING COPPER INTERCEPTS IN THE SOUTH WEST ZONE
South China Resources is pleased to report further encouraging copper intercepts
at the Company's flagship Danfeng copper ('Co') - Molybdenum ('Mo') Project
('Danfeng' or 'the Project') in Shaanxi Province, China.
Additional high-grade copper intercepts at the previously announced copper and
molybdenum zone in the South West of the Licence Area ('the South West Zone')
include:
Drillhole North East Elevation Metres From To Cu (%)
SCZ-047 3752818 437650 1402.155 5.30 69.00 74.30 1.36
SCZ-050 3752839 437713 1442.300 11.30 149.80 161.10 0.46
SCZ-052 3752818 437650 1402.155 1.00 120.00 121.00 1.27
SCZ-053 3752839 437713 1442.300 1.00 113.00 114.00 1.54
SCZ-054 3752818 437650 1402.155 2.40 89.60 92.00 1.10
SCZ-054 3752818 437650 1402.155 5.40 108.60 114.00 1.04
including 3.20 108.60 111.80 1.27
SCZ-055 3752839 437713 1442.300 3.60 99.30 102.90 2.18
including 1.60 99.30 100.90 3.98
SCZ-055 3752839 437713 1442.300 1.60 122.20 123.80 1.03
Excellent copper intercepts in the South Western Zone as previously announced on
the 22nd September included:
21.4m @ 1.02% Cu, 1.6m @ 2.35% Cu, 2.5m @ 1.96% Cu, 1.66m @ 1.22% Cu, 11m @
0.83% Cu, 7.2m @ 0.90% Cu
Contract drill rigs are now drilling along Brigade Line 17 where previous drill
programmes in the 1970's encountered significant mineralisation in the North
East and Central sections of the licence area ('the North East Zone')
Alastair Clayton, Chairman of South China Resources said from London - 'The
recent discoveries in the South West Zone, an area of previously unknown
mineralisation are highly encouraging. Significant widths of high and in some
cases, very high grade copper mineralisation clearly fit in with our development
plans at Danfeng where a selective, shallow-underground development using
horizontal drives into the mountain hosting mineralisation could leverage very
strongly off a low-cost mining and processing environment.
'We are very pleased with the consistency with which the company geologists are
reporting an increasing abundance of copper and molybdenum sulphide minerals in
drill core. We are continuing to work on the challenges associated with
providing accurate and representative molybdenum assay data to shareholders and
we look forward to releasing the results of this study as soon as all data has
been evaluated.'
Explanatory maps and photographs of recent drill core that accompany this
announcement and the RNS dated 22 September 2006 can be viewed on the company
website -
www.southchinaresources.com
As you will see this was the last RNS from 1/11/2006
oilyrag
- 19 Dec 2006 09:10
- 66 of 109
With funding now in place, why is this SP still falling like a stone. Is it likely to fall to the placement price of 5p. This is now high on my watch list because of the percentage drop over recent weeks. During 2007 this should increase at least fourfold maybe more depending on where it finishes.
seawallwalker
- 19 Dec 2006 11:41
- 67 of 109
I am still looking for thre trend change and there is no sign of it.
oilyrag
- 19 Dec 2006 12:06
- 68 of 109
I missed the boat 9 months ago, I'm not going to miss it this time. 2006 saw 8p to 28p and back, so anything below 8p would be a bargain.
seawallwalker
- 19 Dec 2006 12:20
- 69 of 109
oilyrag I have been doing a little research, have you kept up with this?
I didn't, but there are some valueable posts on TMF worth reading.
This is the first thread
This is a thread so read it top to bottom.
This none is the most informative.
oilyrag
- 19 Dec 2006 14:42
- 70 of 109
Thanks very much SWW. I have read most of these threads and found them to be very informative. The last one I found, although long winded, very well put over.
seawallwalker
- 19 Dec 2006 14:55
- 71 of 109
Well like you I am looking to come in, but now I will want to be reassured all is well.
Uptrend would o it with good volume, the market rarely gets it wrong.
Andy
- 19 Dec 2006 16:26
- 72 of 109
Sww,
"but now I will want to be reassured all is well"
Me too!
I am holding off a planned purchase for now, until such time as some clarification of yesterday's RNS.
oilyrag
- 20 Dec 2006 07:06
- 73 of 109
One overriding thought is that, the institutions would require considerably more quarantees than us, before parting with 5.535 million on their recent flotation. If my memory serves me correctly, they mentioned in one of the threads about not needing a further floatation. These are the sort of conflicting statements that muddy the waters. If the institutions paid 5p, then thats the price I want to pay.
garymegson
- 20 Dec 2006 09:30
- 74 of 109
The 5.535 million was at a price of 13.5p
oilyrag
- 21 Dec 2006 07:01
- 75 of 109
Sorry Gary, getting confused with the warrants.
Marcel1970
- 03 Jan 2007 08:59
- 76 of 109
Anyone have any thought on why SCR seems tobe going back up quite quickly.
garymegson
- 03 Jan 2007 09:41
- 77 of 109
Seller out!!! New JV. SRK report on danfeng due.
GM
Marcel1970
- 03 Jan 2007 10:08
- 78 of 109
SOMETHING BREWING