Is news expected? The chart indicates a sharp move soon.

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.

Anyone still holding this stock?
News this morning is positive but hardly awe inspiring.

long termer - but it`ll get there

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

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.

I am still looking for thre trend change and there is no sign of it.

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.

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.

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.

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.

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.

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.

The 5.535 million was at a price of 13.5p

Sorry Gary, getting confused with the warrants.

Anyone have any thought on why SCR seems tobe going back up quite quickly.

Seller out!!! New JV. SRK report on danfeng due.

GM

SOMETHING BREWING

marcel1970,

Well the market certainly agrees with you!

A healthy 30% rise today, on high volume, possibly suggests a turning point in sentiment at least.

SCR have to deliver now, Denfang grades are required, and if SRK have done their job, we may well hear before the AGM later this month,

Not before time!.