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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
South China | LSE:SCR | London | Ordinary Share | GB00B0704D34 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.48 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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12/11/2007 15:08 | Not sure, Tony, bearing in mind that even if they had chosen to proceed they would still have needed to achieve a Mining Licence. Would that have been granted, with this change in the regulations in the pipeline? Well, who knows..... | simon54 | |
12/11/2007 15:04 | As that relates to new projects.......SCR would have been unaffected. This comes into effect on 1st December. | tonystringy | |
12/11/2007 14:59 | Well, SCR no longer have a molybdenum project, but perhaps it's interesting to reflect that it might not have worked out so well even if they had found the moly, given the changes in Chinese regulations (I've posted this elsewhere, but in case you don't read that board)- News story here - SHANGHAI, Nov. 7 - The Ministry of Commerce and the National Development and Reform Commission jointly released the latest Catalogue for the Guidance of Foreign Investment Industries today. The catalogue, approved by the state council, will take effect on December 1 according to the NDRC's website. The new catalogue replaces one that came into effect in 2004. .......Under pressure to clean up a growing environmental catastrophe, Beijing is pushing FDI towards developing clean production, reproducible energy, and ecological protection. Foreign capital is not permitted in the exploration of rare and non-reproducible mineral resources, or in high consuming and polluting industries. Silvercorp Metals Inc have clarified their position as follows: November 07, 2007 Silvercorp Comments on the New Policy of Foreign Investment in China VANCOUVER, British Columbia November 7, 2007 Silvercorp Metals Inc. (the "Company") issued a statement to clarify a news story by XFN-Asia dated November 7, 2007 relating to China's foreign investment policy. On October 31, 2007 the Ministry of Commerce and the National Development and Reform Commission of China issued a new "Foreign Investments Industry Sector Guidance Catalogue" which will become effective on December 1, 2007. In comparison to the previous "Foreign the same statement:Investment Changes in the new catalogue which may impact other sectors of the mining industry for foreign investment in China include the reclassification of tungsten, molybdenum, tin, antimony and fluorite into a "forbidden category" for foreign investors from a "restricted category" and a requirement for a Chinese majority shareholding in exploration and mining of specialty coal such as coking coal. Silvercorp does not mine any of these minerals and is not impacted by such reclassification. Continental Minerals have issued the same statement: I understand from another poster who has contacted a company with a potential Mo interest that any such projects "would now have to be JV'd with a Chinese partner with a majority (%) holding." I can't confirm beyond that statement, but perhaps all the Mo problems made little difference in the end. | simon54 | |
11/11/2007 09:55 | Sorry o/t, whilst SCR share price stagnent, worth mentioning, Matra Petroleum has been tipped in today's Sun Telegraph. | davethechef | |
06/11/2007 09:28 | O/T MTA's Russian discovery noted. Green with envy! Well done. Yes, PTR were also tipped in IC a long long time ago at 60p if I recall correctly. The only news since has been the disappointing No. 7 Lineynoye delineation well and the placing at 50p. And of course there have a few of the periodic Mitvol ructions. It just seems reasonable value, although I'm new to oil explorers/developers | nobull | |
06/11/2007 07:50 | Sorry o/t Anyone pick up on my MTA tip, it's gonna have a good day! | davethechef | |
05/11/2007 20:35 | nobull I've been in & out of PTR over the last approx 16months, firstly comming out with a profit on the initial rise, then losing on the summer's drop. I may jump back in at some stage, in the future. I remember, it was quite well tipped( amongst others the Share Mag year's top three tip, i can recall) at the start of this year, but the share price hasn't re-achieved highs yet. One to keep an eye on, agreed. Best of. | davethechef | |
02/11/2007 15:59 | Intriguing the 1mill Buy. Someone wants these. Maybe some news is near. Still, very strong chance of hopefully positive news appearing next week re: MTA | davethechef | |
02/11/2007 13:59 | So it seems somebody is. However a chap could be miffed when you list the trades for the day and omit precisely one. 09:16 120,000 @ 1.80p The last of my holding gone. No sense carrying the tax loss into next year when it'll only be worth 18% instead of 40%. | rapier686 | |
25/10/2007 20:12 | Cheers Simon, i also bought in MTA 7pish early this summer (Like i first bought in SCR 7pish over 2 summer's ago) However, my BIG mistake was NOT selling SCR 20pish( sounds familiar here, i'm sure) I won't make the same mistake with MTA! | davethechef | |
25/10/2007 19:32 | DTC - that's ok, as a very long-term holder I think you're entitled to a little ramp!;-) Very pleased to hear that's doing well for you :-) I don't know that there was any time restriction on Zhunuo (nor did I ever know what a 'binding agreement' meant). | simon54 | |
25/10/2007 19:28 | Well, this is stagnant. Which cetainly isn't the case with my major holding now MTA, Matra Petroleum, fortuntely. Like i mentioned here, back on the 12th oct, ' progressively increased volume' check out today's volume. Back on the 12th at 7.87p, now 10.25p. Could still be cheap in a month's time. DYOR. Sorry for o/t, and pure ramp! Atleast i'm not blaseing it across more popular sites! It dosen't need that. As for SCR, it's been a long time since we heard anything about Zhunuo. Can we expect that now to be shelved, since weren't they supposed to have to come up with further funds now to continue their involvement. Perhaps SCR will end up like CDN, which org was exploring for gold in China, and now is successful with producing coal in Oz. Who knows! I still retain a few of these. Us chefs are crazy fellows!!! | davethechef | |
21/10/2007 21:47 | Thanks for the reply and I have done a few more calculations while you posted. I think it is fairly priced right now, but watching anyway. | carchase | |
21/10/2007 21:34 | carchase - I really have no idea of what they're up to at all at the moment, so I know not whether they're spending anything over and above general office expenses, salaries, etc. (it might be worth an email to the company to ask who's still on the payroll). Apparently they're still 'looking for opportunities', but whether that involves actually spending some money, I don't know. I guess it is effectively now a shell, which may be made use of - so any investment would be a speculation upon such a possibility. That's just not my thing really! | simon54 | |
21/10/2007 21:22 | Simon what kind cash are they burning each month mate? Doing some sums on this one. | carchase | |
18/10/2007 15:14 | That depends on whether or not you think SCR have any realistic chance of securing the Zhunuo prospect. If you trust the Chinese figures so far then Zhunuo looks like a far higher grade porphyry than...er... Stratex's early indications at Muratdere, for example - Zhunuo Adit PD-1 0.81% Copper over 284 metres Drill hole SZ-001 0.53% Copper over 146 metres Drill hole SZ-003 0.94% Copper over 123 metres Trench TC-73 0.87% Copper over 30 metres Trench TC-75 0.57% Copper over 138 metres Trench TC-81 1.57% Copper over 62 metres (These grades are exceptionally high for a porphyry deposit). Trouble is they'd need $8M to secure it and then some working capital to explore it, and to get that they'd need some credibility...and an MD would help... and who knows what the position of the Chinese is now? | simon54 | |
18/10/2007 14:58 | Got to be a roll. If GGG is being bought like hot cakes at 10.75p based on Nimu and DMH surely the prospect of zhunou must be worth something? | valentine | |
18/10/2007 14:51 | Trades for 18-Oct-2007 Time Volume / Share Price 10:58 250,000 @ 2.00p 10:58 250,000 @ 1.96p | nobull | |
12/10/2007 09:33 | DTF and Simon, many thanks for that. Yes, I know I should buy a copy of the UK traders bible, but it is hard with stocks like SCR to afford such luxuries. Thanks DTF for info on MTA. Will look into it one day when I have time. Stocks I like are TSG (pros: buying the investment cash at discount and getting approx £15m quids' worth of free mine (net of the $10m of convertible debt); cons: licence revocation risk, exploration risk (needs more Au to be ultra robust economically?), Russia (political risk), horrible weather (production risk above average?), above average commodity price risk (not a low cost producer), a funding hole ($40m short), liquidity risk (despite having more cash in bank than market cap.)(there is a horrible going concern statement in the auditors report). Target price is £1.50, allowing for delays in mine commissioning, by Dec. 2009. I believe current price of 27.5p discounts all the cons, and that licence revocation risk may not be as bad as it looks (they are going to miss their prooduction deadline by at least a year, which is strong grounds for a revocation, but there are 4 Russians on the Board and HGM has recently had its Mayskoye licence extended). As always DYOR (because I have a loss on TSG and have 55k!). Another stock I like is UCL.AX, but this is only for crazy Iranophiles (no exploration risk but utterly mega permitting and political risk, all of which is in the current price - no other stock can surely offer Jorc indicated and measured zinc in the ground at such a low price, and with more to come: 11m tonnes of recoverable zinc just for starters, of which between 25% and 45% "belongs" to UCL, a £10m company (all subject to an uncertain outcome of a dispute that is likely to take several years to resolve), and all this is to say nothing of a requirement for regime change in Teheran, (which I believe will happen within 2 years) just to get the project to the financing stage! | nobull | |
12/10/2007 00:12 | A protected transaction is one that's been worked over a period of time in segments, rather than going through as one big trade. They don't declare it until it's finished. I'd suggest it should already be 'on the books' in terms of its effect. | simon54 | |
12/10/2007 00:02 | It's a strange one, that " sell" no bull, the 2mill. Two days earlier on the 9th someone tried to offload 500k and they offered only 1.5p for the sell; similarily as today, the other much smaller sell, on the 9th was at 1.8p. Both days the trading range has been 1.75- 2p. Can one expect to sell a hefty 2mill shares at 1.75p, mmmm. Still, this and IOS especially, keep promising( e.g optimistic RNS stating ' deals are ongoing and suggesting likely!' but not delivering!) Still, O/T, i'm very hopeful, MTA will 'come up the goods within weeks' Progressively increased volume, one to watch. DYOR. | davethechef | |
11/10/2007 22:44 | 2007-10-11 16:26:00 Sale 2,000,000 1.75 35,000 1.75 2.00 Single protected trans 2007-10-11 14:14:00 Sale 9,845 1.80 177 1.75 2.00 Normal Single protected transaction? What is that? Was it really a sale or is it impossible to tell until tomorrow when the stock bombs again! | nobull |
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