South China Resources Share Discussion Threads

[davethechef] 04/6/2007 18:01

Three consecutive days on the rise, bring's back distant memories :-)

[simon54] 04/6/2007 17:53

What do you mean "a sort of agreement"? I certainly asked RA1 to cut out his personal libels but never suggested at any point that I would stop giving my views on any share that I choose to. You're not seriously suggesting that investors should be bullied away from raising questions about a share that you hold, are you? You or RA1 are entirely welcome to continue to comment on SCR if you feel you have something worth saying.

[cmlsmith] 04/6/2007 17:39

strow,

There was a sort of agreement, it was not broken by me, but you are the voice of moderation and I take absolutely no pleasure in posting earlier here today, regards and good luck to you.

[valentine] 04/6/2007 17:23

Best of luck chaps!
I hopes someone emerges a winner!

[strow] 04/6/2007 17:20

ok-everyone please give it a break-myself included :-)

[ra1] 04/6/2007 17:18

strow

u can ask simon to give it a break as well!!!

[strow] 04/6/2007 17:17

cml-most of us are in both,so please give it a break,its getting very boring

[cmlsmith] 04/6/2007 16:18

Wols,

"SCR and GGG wil succeed or fail on their management and deposits, thank God, and not their investors whether they be me, you, Simon or cml. Good luck to us all."

Absolutely and good luck to you.

[dogm4n] 04/6/2007 14:20

9 007L4BYY07 4 500000 O L 3.5 4 12:42:19 500,000 8|29|63 65,237 236,333 500,000

1/2 million buy just gone through at 4p could be a speculative punt, but i think more like the accumulator at it again..

[wolstencroft] 04/6/2007 12:39

RA1: And you are the voice of reason?

Here are some example posts randomly selected from just a couple of days worth from GGG, December 2006 (I selected post 10000 onwards for my random selection), can you spot which one is yours?

"To say the least... This is my first house deposit growing."
"I think you need to raid the piggy bank and buy some more."
"last chance to buy at these levels."
"price target for december [2006] end is 26p"
"Excited? I sure am! If Nimu comes in it'll make my decade."
"This team will deliver and if lady luck smiles us on even a little in Nimu.... We'll forget decade your life is made sir."
"outlook on the gold resources is exciting with cash flow from Song Jia Guo commencing 2007 "
"My own expectation is off an extremely bullish financing news supporting the uptrend in the share price."
"By the time my friends have completed there buying this week - 16p will be a distant memory.
"
"Morning CML - thanks for your support - great time to buy on the dips!"


"We will not be deterred and neither are we ramping"
LOL on that last one!!

I dont think Simon said anything like that about SCR.

I am not rubbishing GGG. I hold some and I am pleased with their progress. Though I wish they'd build a bloody mine.

SCR and GGG wil succeed or fail on their management and deposits, thank God, and not their investors whether they be me, you, Simon or cml. Good luck to us all.

EDIT: after those posts GGG dropped by over 1/3 in the following months before the recent recovery. I hope that no ignorant investors blindly followed these posts only to be stopped out at a loss.

[kimboy2] 04/6/2007 11:04

Simon
You don't have to justify yourself we can all see what is happening.

[simon54] 04/6/2007 11:02

What is happening here, I am sorry to say, is that two large shareholders in another company are attempting to discredit me simply because I have raised some reasonable questions about that company. It strikes me as a pretty laughable attempt, given that not one thing I have said has been quoted against me, and seems to me to reveal far, far more about those who would attempt such tactics than it does about me.

[ra1] 04/6/2007 11:00

wolstencroft

everyone has bullish and bearish views!!!

But simon systematically uses and promotes a strategy to be excessively bearish on GGG and excessively bullish on SCR.....and he does it with the worst of intentions, and i think they are dishonourable!!!!!

He is a hypocrite, and clearly uses a different set of rules when analysing both the companies.

Which misleads other investors, and i think that is fradulent.

[wolstencroft] 04/6/2007 10:51

RA1: Simon is in a different league to the many rampers and possible fraudsters posting on ADVFN. I think you would find it impossibe to show that Simon lied or event distored the truth in any post he made. He was wrong (as was I) about the potential of SCR. He was certainly optimistic. But so what? Is that not to be expected of shareholders. Simon's post about GGG above show the bear case for GGG. I am sure I can find a bullish post from cml or the like on GGG from a year or so ago predicting all sorts of stuff which turned out not to be the case. At the end of the day, the SP, when you bought and when you sold is all that matters, and of course what you learned for next time.

[valentine] 04/6/2007 10:49

XTR on the go today. MEO Australia tech farm-ın with Petrofac(XTR 28%). More to come. Still no RNS from XTR.


Simon is OK in my book. You are grown up's and capable of making own decisions! I did but based on own info. As someone said SCR is a lottery ticket at moment. XTR and GGG are racing certainties. ı follow that man's advice.
GGG have sorted out their problems and only wish I have a few bob spare to pick up a few. maybe will have later if XTR put out right news?

If Z comes off SCR is a lottery winner! If?

[wolstencroft] 04/6/2007 10:48

cml: There are always bearish and bullish cases to be made. In this case there's no doubt you made the right call. It COULD have happened that SCR had a bulk-mineable MO deposit. In which case you would have made the wrong call.

But you are right as I mentioned above that the history of poor news releases tells a story - perhaps which those too close to the company and who contacted them directly ignored at their peril.

Dont forget that even quite respected people visited Danfeng and wrote-up analyst reports there were also wrong. biswell, im my opinion, wrote all sorts of nonsense about Asia Energy AEN but in fact, he was right regarding the corruption in Bangladesh.

[strow] 04/6/2007 10:45

Give it a rest guys

[simon54] 04/6/2007 10:44

Well, in terms of facts cml, I posted my concerns, on the GGG thread, about the grades coming out of Snow Mountain many months ago. Seems to me I was right, following the very disappointing resource statement we have had since. I posted my doubts about the impact of the MJS proposal. Seems I was right. I posted my doubts as to whether they would be able to raise the money for MHS. Seems I was right. I posted my view that they would not proceed on the basis of what they did raise. Seems I was right. I posted my view that the market would not value GGG's gold in the comparative terms you and Westhouse were employing. Seems I was right.

You see, we can all play at this game.

Oh, also in terms of 'facts', I have repeatedly had to correct you regarding such matters as the size of directors shareholdings, % of resources attributable to GGG, and so on. I'm sure you've appreciated that, given your concern for the facts of the matter.

Care for me to post this on the GGG thread? Your posts above are evidently responses to the fact that I have dared to raise some questions about that share. I think you're making a mistake pursuing such tactics, since many GGG holders will read this thread and will interpret it in a way which is not to your advantage, I suggest.

[ra1] 04/6/2007 10:44

simon54

i thought u like discussing the facts!!!!!!

anyway cml exposes you for the deviant fraduster that you are!!!!!

[cmlsmith] 04/6/2007 10:32

No just the facts.

[simon54] 04/6/2007 10:06

Showing your true character I see, cmlsmith.

[cmlsmith] 04/6/2007 09:51

Simon

Excuse me, I emailed you and smitb about my concerns about the company in June and July 2006 and thereafter there was considerable discussion on TMF, sadly you continued to promote SCR, which may have misled many good people on this board.

For example in October 2006 I explained in detail, as plain as the nose on your face, why I mistrusted SCR :


South China Resources SCR - Summary of RNS Reports and Website

18 April 2005 SCR Placing and AIM

"The funds raised by the Placing will be used to complete the agreed acquisition of Danfeng and fast track a feasibility study, with first mining operations possible within 12 months. The copper and molybdenum resources at Danfeng are currently calculated to Chinese standards, and South China Resources will immediately commence further drilling and metallurgical studies to comply with JORC measurements. The life of the project is estimated to be at least 10 years at present, but the resource is still open to the east, west and at depth. The current depth is 100m and the project is thus amenable to both open pit and underground mining. A comprehensive mining plan will be developed concurrently with the bankable feasibility study."

(Note *First mining operations possible within 12 months or by April 2006.)

"Geological Brigade 713 conducted iron and copper exploration in an area of 2.2 km2 between Xia Men Gou, Huang Jia Gou and Xi Liang which is excised from the Project area. The Shaanxi Provincial Geological Mining Bureau, Geological Team 13 report that this exploration defined the following resources:

Copper Resource as calculated by Shaanxi Geological Brigade:
Indicated - 6,228,409t @ 2.06% Cu 128,305t
Inferred - 1,194,575t @ 0.45% Cu 5,376t Cu


Iron Ore (Magnetite) Resource as calculated by Shaanxi Geological Brigade:
Indicated - 3,322,127t @ 34.98% Fe
Inferred - 663,636t @ 24.52% Fe

The copper resource (above) is hosted within a magnetite (iron ore) skarn. The magnetite gangue to the copper mineralisation comprises the iron ore resource report above. Resources are calculated to Chinese standards and do not comply with the JORC Code on reporting standards."

(Note *This is the only defined resource produced to date and in fact is based upon 1970's exploration work.)

20 June 2005 SCR Substantial Holdings.

Steven Leithead 20.73%
Nathan McMahon 20.73%

(*Note Directors have major shareholdings.)


13 June 2005 SCR Drill Programme commences at Danfeng

"*3 Drill Rigs have been dispatched to Danfeng, 1 More Drill Rig due end July 2005."

"*The Definition Drilling programme is designed to fast-track Danfeng Resource."

"*8000m of Diamond Core for approximately 60 holes to be completed in this phase by EDCO Drilling Contractors (Canada)."

"* Drilling results to be released periodically, as they become available.

" (*This RNS was not correct Drilling Results have not been released between June 2005 and October 2006 to date)."

"*Samples will be shipped for analysis to SGS Laboratories' ("SGS")"
"South China will announce the assay results following this analysis when they become available"

(Note *assay results not released)

"*Steven Leithead, Managing Director of South China said from the Project site:

"South China Resources continues to demonstrate its ability to achieve desired objectives having listed on 7 weeks (from listing concept to trading on AIM), completed the negotiation and execution of Danfeng Project Joint Venture Agreement in 3 weeks and commenced drilling operations some 4 weeks thereafter.
The Directors and management of South China Resources are keenly focussed on creating shareholder value through the exploration and development of suitable mineral assets in China and the commencement of diamond drilling at the Danfeng Project is clearly an important first step in this value creation process."



15 November 2005 SCR
"DANFENG Cu-Mo-Fe PROJECT - OPERATIONS UPDATE

Drilling Crews continue to work 24 hours a day, 7 days a week, with over 1800m of the planned 8000m diamond drilling programme now completed.
Core cutting and sampling is continuing 16 hrs per day, 7 days a week.

South China has to date experienced some significant delays in the turnaround for sample results for the Danfeng Project. This turnaround time issue has been exacerbated by pressure on laboratories generally as a consequence of the global upturn in exploration activity.

Notwithstanding this, the Company is pleased to report initial underground and surface sampling results received to date:

* Copper assays up to 4.77% Cu
* Molybdenum assays up to 2.81% Mo
* Tungsten assays up to 4.59% W
* Lead assays up to 4.82% Pb
* Zinc assays up to 9.49% Zn"

(Note *This been drilling with four rigs since 13 June that's five months and all four rigs have only drilled 1800m and they are drilling 24 hours a day 7 days a week, that's four months say 120 days times four rigs that's 480 drilling days, just 3.75m a day )

Steve Leithead, Managing Director of South China, said, "Whilst we have experienced a bottle-neck at the laboratories in Tianjin and Toronto, work on the Project on the ground in China is progressing satisfactorily. With so many samples now in the system, we expect a much more regular flow of analytical data going forward."

(Note * Incidentally I have used SGS in business for over 30 years and they are a first class testing authority IMHO)

03 January 2006 SCR RNS


"Diamond Drilling began at Danfeng at the end of July. EDCO drilling contractors have been engaged to complete an 8000m diamond drilling program with the stated aim of utilising this drill data to establish a JORC resources over the existing Chinese C1 + C2 resource of 6Mt @ 2.16% Copper.

(* Stated aim of using the drilling data to establish a Jorc resources over existing C1 an C2 resources of 6mt @ 2.16% Copper)

The Company has attracted a substantial expatriate development team to undertake the project and to date over 2500m of this 8000m program has been completed. 5 underground explorations adits have been tunnelled under the deposit, allowing for geological mapping, sampling and the extraction of 50 tonnes of representative ore-types to be compiled and sent to Australia where detailed metallurgical test-work and initial flow-sheet design can be conducted."

(Note *they have drilled 2500 metres with 4 rigs over 6.5 months well let's call that 195 days for 4 rigs , that's 780 drill rig days dropped to 3.20 metres per day per rig )

"Molybdenum mineralization has been intersected in development adits at the porphyry-skarn contact on the western margin of the Danfeng deposit, This previously undocumented mineralization has not yet been rigorously tested. Adit development and drilling in this area is anticipated to commence in the next 2 weeks"



25th January 2006 SCR RNS
"THREE SIGNIFICANT NEW DISCOVERIES AT DANFENG

*Copper Ridge, an area of previously unknown Copper-Zinc-Silver-Molybdenum mineralisation has been discovered approximately 600m SE of the main Danfeng project and within the existing licence area.

*Outcropping mineralisation at Copper Ridge has been sampled and tested at a local facility. Copper grades in excess of 3.2%, Zinc grades in excess of 8.0%, Molybdenum grades in excess of 0.53% and silver grades in excess of 23 g/pt have been returned."


31st March 2006 Interim Report SCR

"* Diamond drilling commenced at the Danfeng copper / iron / molybdenum Project in July 2005 - drilling underway on a 24 hour, 7 day a week basis
* Identification of molybdenite porphyry mineralised zone adjacent to skarn deposits"


(Note *No results)

04 July 2006 SCR
Grant of Business Licence and Issuance of Exploration Licence

"South China Resources PLC ("South China Resources" or "the Company") is pleased to announce that its Joint Venture Company, the Shang Luo City Zhongbei Minerals has received both the Business Licence and the new Exploration Licence required to progress the development of the Danfeng Copper Molybdenum Project ("Danfeng" or "the Project"), the Company's flagship project situated in Shaanxi Province, China."

"South China Resources currently holds a 70% beneficial interest in the Joint Venture Company"

"The Company intends to update the market on progress at the Danfeng Project in the coming months once a full independent review currently being undertaken by a leading Independent Geological Consultancy has been completed."

(Note No results after 1 year of drilling copper resource not yet defined)

22 September 2006
Danfeng Update. SCR

"* Discovery of a new high grade copper and molybdenum zone in the Southwest of the Licence Area."

"* Excellent copper intercepts in the South Western Zone include;

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"

"* Company drill rigs are now testing an area where significant mineralisation was encountered by previous drilling programmes in the 1970's in the Northeast of the licence area ("the North East Zone")"

(Note * Diamond Drilling began at Danfeng at the end of July (2005).

"EDCO drilling contractors have been engaged to complete an 8000m diamond drilling program with the stated aim of utilising this drill data to establish a JORC resources over the existing Chinese C1 + C2 resource of 6Mt @ 2.16% Copper."

(*Note This resources should therefore have long been established ?)


"* First drill hole to test the North East Zone has intersected 109 metres of pervasive molybdenite mineralisation in granite porphyry, extending from 25 metres to 134 metres depth."

"* The Company continues to observe massive molybdenite formations at the Project and is currently evaluating the most accurate way to verify and report molybdenum values"

(Note *No Results)


"* In the coming weeks, the Company will begin drill testing the Eastern Zone to test the validity of previous Chinese drilling that formed the basis of the historical resource at Danfeng."

(Note * Drilling Verification of Copper resources commenced July 2005 no results by 22 September 2006)

Chairman Alastair Clayton said: "We continue to be confident that the Danfeng Project represents a high grade copper and molybdenum deposit with excellent economic potential."

SCR now has a WEBSITE :
"Previous drilling in the 1970's located the multiple stacked layers of high-grade copper / molybdenum Skarn at Danfeng. The mineralisation is located in the side of a hill and adits are being driven into the side of the hill, not declining into the valley floor."

(*Note The Chinese defined Copper and Iron Ore resources and not Molybdenum ?)

"2km of horizontal drilling has been carried out, and 500t of bulk sampling being taken. Over 7000m of diamond drilling has been completed to allow for a JORC resource to be calculated. This drilling has intersected massive pods of molybdenite grading in excess of 10% and further underground testing and mapping has revealed that these features are more widespread than previously thought. These high grade structures will be targeted first when mining commences."

(Note *on the SCR website it says 7000m of the drilling is complete. Where are the promised drilling results and why has there been no RNS updating Danfeng progress ? I don't know how long that has been on the website, some time I would suspect, how do the drilling figures look, 4 drills have been in operation 24/7/7 for 16 months and drilled 7,000 metres looking at all the reports, which works out at 480 days times 4 drills, 1920 drill days, or 3.65m per day per drill.)

"Previous drilling by the Chinese in the 1970's located multiple stacked layers of high-grade Copper skarn at Danfeng with associated ultra-high-grade Molybdenum."

(Note *On the SCR Website, the Chinese resource calculation in the 1970's for Copper and Iron ore not molybenum ?).

- You rejected this out of hand -

[simon54] 03/6/2007 23:34

I wonder if one day we'll find out that a second operator has started a moly mine there.

Hmm, yes - I wonder whether all the drilling may turn out to have been very useful to the Chinese.....

[wolstencroft] 03/6/2007 21:39

I agree Simon "we weren't expecting moly in the granite - that's bloody interesting" AC said to me.

I wonder if one day we'll find out that a second operator has started a moly mine there.