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.

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.