South China Resources Share Discussion Threads

[wolstencroft] 22/5/2007 08:25

Dave: Of course all that matters at the end of the day is spin and the plebian masses quite happy to eat factory-farmed produce whilst driving around their MPVs and SUVs wearing sweat-shop designer clothes going on cheap budget airline trips to their holidays homes in Europe eating tuna etc etc will no doubt be encouraged to have a moan abou a few bacteria and clams. However, time will pass and they will (or rather some NGO / lobby group will, for them) find another hot-topic to moan about. (Rant over).


Anyway, that's why I like high-grade, going back to SCR - minimal environmental impact.

[figure6] 22/5/2007 08:07

mms paying 5.3p for shares today and we still have our big buyer hoovering up in 250k chunks......a bit of buying and SCR will move up quickly.(We still dont know the reason for the buying but maybe there is some truth in the joint venture rumour)

[davethechef] 21/5/2007 22:53

Ta Wols. The major mining houses which have invested in NUS, no doubt see the possible potential long term.
I take it then your not interested in my Mutton vindaloo receipe then!!!
Blimey, i've noticed we have a post on the NUS site!

[davethechef] 21/5/2007 20:06

I was having a laugh over your reference to 'dodgy chracters' with my mention to credible! Neptune Minerals i've not reserached a great deal, certainly, like i say, the share price has recovered very well; i just wish SCR can do likewise.
Get some NEWS OUT SCR, We can't even rely on Phil2003's sandwich board any longer!!!

[davethechef] 21/5/2007 20:06

I was having a laugh over your reference to 'dodgy chracters' with my mention to credible! Neptune Minerals i've not reserached a great deal, certainly, like i say, the share price has recovered very well; i just wish SCR can do likewise.
Get some NEWS OUT SCR, We can't even rely on Phil2003's sandwich board any longer!!!

[simon54] 21/5/2007 19:51

Hmmm! Well, we may have had trouble here figuring out exactly where the moly might be, but at least it's not just slid away down the side of the mountain....;-) (obscure NPM reference there).

No, it looks fun so very good luck with it. Just another one that got away for me, I think!

[davethechef] 21/5/2007 18:52

simon, well atleast the NPM share price performance lately is credible LOL!

[simon54] 21/5/2007 18:21

the NUS advfn thread is deserted for posts!

The NPM thread is a bit better if you're into underwater sports, though it has a couple of dodgy characters hanging around on it like Rapier and Mattybuoy ;-)

[davethechef] 21/5/2007 17:55

Wols,
I have alittle money also invested in NUS, what's your view on below's article please. Obviously, there was always going to be those concerned at the environmental issues relating to seabed disturbances, but i doubt in the long run, it'll make a great deal of difference to NUS succeeding, especially considering the huge money invested and their revolutionery technology.
Sorry guys for o/t, but the NUS advfn thread is deserted for posts!

[simon54] 21/5/2007 17:02

Didn't we have plans to turn it into an underground theme park if all else failed? Or was that some dreadful dream I had? I find myself increasingly incapable of distinguishing reality from illusion.....

[wolstencroft] 21/5/2007 16:58

I thought they sold Danfeng as a network of tunnels in which to hide when shareholders turned against them

[simon54] 21/5/2007 16:53

Lol :-) Well I reckon with the rise of the Chinese middle class there's going to be increasing demand for marble and I believe dolomite can even be used as a dietary supplement, so no problem ;-)

[rapier686] 21/5/2007 16:21

Ah yes Simon, well at the next AGM he'll probably be telling us they never sold Danfeng as a copper prospect, only as a marble and dolomite quarry.

[strow] 21/5/2007 15:36

Idio-ill call it quits if you will-as you know im still trying to support my view on this share and maybe i do post a lot,but i still feel it could have a great future,despite the disappointments of the past(liked the point about transference btw :-) )hopefully we will have some news soon-it is very frustrating,but i really dont think they are just sitting on their backsides doing nothing,it is just taking a little longer than expected(isnt it always the way)

[simon54] 21/5/2007 14:20

No need to use a gun - we can just turn up en masse at the next AGM and roll our eyes at him ;-)

The thing is that we have learnt to be very sceptical (reasonably so). If it were not for the history, then I don't think we'd be as inclined to recognise the uncertainty that probably still hangs over closing Zhunuo. There are other companies actually drilling away without having Business Licences (or their equivalent) tied down, and nobody seems to be worried.

On the face of it, SCR are in a similar position with Zhunuo to Continental Minerals with the start of Xietongmen. They optioned it in Feb 2004, revised the agreement in Nov 2004, finalised it in Jan 2005 and eventually started drilling in April 2005 - so, more than a year to get through the bureaucracy. I hope it won't take this long with SCR (!), but there's nothing alarming in itself about the fact that time is passing on it.

Whilst I take your point, Wols, that the drills aren't turning, it's in the area of progressing deals that value may be realised, and also in the reporting of the analysis of both Danfeng and Zhunuo. The DD report on the latter should include data from the further Chinese drilling that's been done and, if so, it is at least possible that will indicate a larger resource.

[nobull] 21/5/2007 13:58

No, seriously just think of that awful Eureka RNS that said there could be no guarantee that the comnpany could continue to trade if an offer wasn't forthcoming, or something along those lines. It was a shocking RNS. I think they write them to be worse than they need to be.

[idioterna] 21/5/2007 13:55

wols - sorry, not into gold, but Anglo American has quite a large weighting in MLW.

[wolstencroft] 21/5/2007 13:53

idioterna: great minds (no offence strow) - this was the decision I came to with regard to non-PMs - to invest most of my assets in MLW and Endeavour Financial and then use the remaining 20-30% of my portfolio monies to try and pick 1 or 2 winners. It will take me some time to get to thia position. However, for golds I think there is no collective investment vehicle suitable - I dont like the seniors which is where ML Gold and General tend to be.

[wolstencroft] 21/5/2007 13:50

anyone got a gun? (only joking)

[nobull] 21/5/2007 13:42

With a copper price like today's and with AC's qualifications, if he can't organise a mining operation at Danfeng to make a profit then he deserves shooting.

[idioterna] 21/5/2007 13:42

Wols - my 650 perspective on BP is when I sell the warrants (purchased at both 525 % 511), this I will adhere to ruthlessly. I also hold a significant share post which I began accumulating with the privatisation in 1987 (Black Monday). These I will never sell as the dividends support my golfing habit ;-)

I invested in MLW at its inception and decided, late last year, that as far as the mining sector went I was better off selling up and placing all the eggs in the MLW basket. Evy Hambro is an excellent fund manager.

Strow - I feel no contempt for you whatsoever, but I do wish you would refrain from stating that I "do not accept dissappointments". I acepted my disappointment when I sold the shares for a significant loss. Clearly you have not accepted that disappointment and appear to practicing some form of "transference" as regards to disappointed shareloders. I felt I undertook sufficient research. I was wrong. But I fail to see the logic in throwing good money after bad. I am neither a deity nor a cretin and I believe this applies to the vast majority of investors/traders/speculators.

Simon - Zhunuo is indeed a discovered resource, but without the cashflow from Danfeng & the positive sentiment such an operation could have engendered, it appears to be a "project too far".

[wolstencroft] 21/5/2007 13:37

"I don't think the directors will want their shares to be worthless. I therefore expect AC to turn this company round". Surely that is true of any company anywhere?

[wolstencroft] 21/5/2007 13:36

Silvercop, then SKN resources drilled two blanks after having been ramped up to high levels without a single drill hole assay being released. They fell about 80%. They then moved on to another project. This is common in mining and normally such companies do the rounds forever diluting shareholders along the way. They (and I) were lucky. They had no idea what they had bought for $5m was so good.