South China Resources Share Discussion Threads

[andy] 08/6/2007 18:52

Wols,

You need a bit more work on the on that last line IMO!

I hope some of our budding poets and playrightz still have day jobs!

Good weekend all.

[wolstencroft] 08/6/2007 17:38

wow Rapier, I'll stick to Korma in future.

There once was a miner called Clayton
Who thought that he'd found a great'un
But the assays revealed
Not a mine, just a field
Where he now keeps his sheep pigs and cows

(sorry this has a bad ending....)

[simon54] 08/6/2007 17:37

Brilliant!

I think the time may finally be right for me to publish a play what I wrote some months ago. With apologies to... well, everyone really.

(I should explain that at the time the 's' was not working on my keyboard, hence the substitution) -

Waiting for Azzayz

A play by zimon54 in collaboration with Zamuel Bucket and Harold Zplinter.

Cazt:

Ztarring zimon54

with:

AinW
zmitb

Location: next to a hole in the ground.

ACT ONE

AinW: What are we doing?

Zmitb: We're waiting for azzayz

zimon54: Help!

AinW: Why are we waiting?

zmitb: To zee if they come. Or to zee if zomething elze comez inztead.

AinW: What elze might come?

zmitb: Blue zky.

zimon54: Help!

AinW: Ah! The zky! Zo blue! And the zea - zo blue!

smitb: Where iz the zea?

AinW: Beneath the zky.

zimon54: Help!

AinW: what zhall we do whilzt we are waiting?

zmitb:We could hang ourzelvez. It might give uz an erection.

zimon54: Help!

AinW: Ok, that zoundz good - let'z do that.

zmitb: We can't.

zimon54: Help!

AinW: Why not?

zmitb: we haven't got any rope.

AinW: Oh.

zimon54: Help!

AinW: Why doez that idiot keep zhouting "Help!"

smitb: He'z fallen down that hole.

simon54: Help!

(AinW lookz down the hole)

AinW: You're right. (zits) What were we doing?

zmitb: We're waiting for azzayz.

(CURTAIN)

AinW: Iz that an azzay?

mitb: No, it'z a curtain. It meanz it'z all over.

imon54: Help!

End of Act One

There will be an interval of two years.

ACT TWO

zimon54, AinW & zmitb: HELP!!!!!!!!!!!!!

THE END

[rapier686] 08/6/2007 17:29

Sonnets aren't that easy are they.

With apologies to my inspiration

I now present "On First Looking Into Clayton's Tunnel"

Much have I travelled in realms of gold,
And many goodly mines and spoil heaps seen.
Yet, never did I dream of grades supreme,
Till China offered to reward the bold.

Oft of one deep expanse had I been told,
Where moly shone with silver grey like sheen.
And good stout men did toil for not a bean,
But that the ore they dug was filtched and sold.

Where are the assays, why oh no that Mo,
Tis slippery stuff that all we now do ken,
In massive form does wash away and go.
But still we trusted, oh what foolish men.
Till we were left after a fearful blow,
Silent, upon a peak in Danfeng.

[simon54] 08/6/2007 14:39

Sydney, I thought korma was the universal principle of life, the knowledge of cause and effect, of all action and reaction.... but I ended up with a dodgy takeaway. Thus we learn the difference between what we think we know and what we finally know we know, though still not knowing what we are yet to know.

That wasn't my sonnet, by the way ;-)

[sidneyslacker] 08/6/2007 14:27

I came here looking for a cheap recipe for success,
But only found a very expensive one for a korma.

[simon54] 08/6/2007 13:49

Lol!

I shall attempt a sonnet later ;-)

[wolstencroft] 08/6/2007 13:16

sorry simon much prefer jsandrews modernist evocative style

[wolstencroft] 08/6/2007 11:44

is that a poem?

Predictions were made on 1% or so Moly
But golly
Our predictions weren't soli
d
What a folly
So no lolly
Velly solly

Said the JV partner (pardon caricatured pronunciation in the name of poetry)

[jsandrew007] 08/6/2007 11:34

lol @ this share


what happened to all those crazy predictions of 50pence, £1, £2, £20


no, 3pence


sell up people and spend your loss on a short break in wales

in a caravan

this is a dog

that has lost its bark

[kimboy2] 06/6/2007 11:45

Interestingly, or not, I put Zhunuo into Google Earth and it took me straight to the Parkgreen Communications office.

[simon54] 06/6/2007 11:40

cmlsmith -

Our concerns regarding the lack of information coming from this company have been repeatedly discussed on this board (in fact, for example, I commented myself on the lack of an indication of when the Snowden report on Zhunuo would be released a couple of days ago), so it will come as no surprise to readers here that I don't have answers to all your questions. This is to the best of my limited knowledge:

1. i)Yes, it is some 100km beyond Continental's Xietongmen project (260kn from Lhasa)which I am sure you are aware is quite well advanced and financed. ii)Not sure how far it is from the road that runs westward through Zhunuo, but the top of the property is accessible by four-wheel drive track.

2. Nearest large town is Rikaze (pop 100,000), some 150 km away, I'd guess. Zhunuo is little more than a village, I believe. Nearest mining development that I know of is Xietongmen.

3. I have been told "roughly 30 km2" by email from AC.

4. I was told in the same email (13th Feb) "WE ARE AWAITING SNOWDENS ENGINEERS (AUSTRALIA) REPORT."

5. The information is here, from the 9th Jan RNS:

The following significant intersections have been reported by the TBGMR:

Description Copper Mineralisation Intercept
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

Whilst there are no resource estimates for the Project which have been
calculated in accordance with any standard recommended by the AIM Guidance Note
for Mining, Oil and Gas Companies, the TBGMR has calculated a resource in
accordance with the current Chinese Resource Classification Scheme. This is
based on intersections in Adit PD-01 and drill holes ZK-001 and 003 which all
lie in the same NW-SE planar drill section, and constrained perpendicular to the
section at surface by trenches TC-73, 75 and 81. The resulting V-shaped volume
is calculated to have the following metal resources:


China Resource Category Copper Silver
333 346,200 tonnes 131 tonnes
334 948,500 tonnes 267 tonnes
Total 333 + 334 1,294,700 tonnes 398 tonnes


Chinese resource category code 333 is equivalent to JORC Inferred or
Unclassified Resource. Chinese resource category code 334 is equivalent to a
JORC Unclassified or Exploration Potential resource.

Each digit in Chinese resource category codes is derived from an assessment of a
particular characteristic of a project. The first is a measure of economic
evaluation, the second a measure of feasibility evaluation and the third a
measure of geological evaluation. For the first digit, 3 is defined as
Intrinsically Economic, i.e. a resource based solely on geology with no
feasibility or pre-feasibility conducted. For the second digit, 3 indicates that
the Project is at the Geological Study stage, i.e. an initial evaluation of
economic viability has been carried out, with the objective of defining an
investment opportunity. For the third digit, 3 defines the resource as Inferred,
i.e. there is an early stage recognition and understanding of geological
characteristics such as structure, style and grade of the ore deposit, but
information and data used to estimate the resources are limited, with many
factors uncertain, including the continuity of the orebody; 4 defines the
resource as Predicted, i.e. the Project is at the reconnaissance stage only, in
an area defined as having mineral potential.

6) Answered above, also -

Drilling since September 2006 has proceeded up to 800 metres west and to the
northwest of the section containing drill holes ZK-001 and 003, and Adit PD-01.
Brigade 2 geologists reported copper mineralisation in new drill holes ZK-701,
703, 1501 and 1503, with assay results pending.

7) I don't know, and doubt that any discussions are at the stage of defining an approach to working the property.

[nobull] 06/6/2007 10:36

CMLSmith, With Zhunuo not paid for (and insufficient money in the bank to pay for it), your questions may be premature. The SCR board does not know which project, if any, they are going to take forward (as I understand it). Would you like GGG to acquire SCR on the cheap? :-) ou vous remplissez vos bottes plein des actions de SCR?

[cmlsmith] 06/6/2007 10:03

Before finally signing off just some quick questions on Zhunuo off the top of my head sorry about the haste I have a lot to do :

1)Is it 350 kms from Lhasa and is that outside the government's priority zone of 200 kms for mining development and infrastructure ?. What infrastructure is in place is it well served by all weather roads ?

2)Where exactly is Zhunuo is it near a town or village ? is there a mine nearby ?

3)SCR can earn upto 53% of what ? What is the land area of the Zhunuo Licence ?

4)Has SCR done any field work or had an independant assessment ?

5)Has the Qinghia Province Geermu Zangge Kalium Fertiliser Co Ltd (Zangge)
defined any resources and to which Chinese standards ?.

6)How many drilling results has Zangge completed and how many results are awaited ?

7)Is SCR going to carry out future work themselves ?

I have been asked so many questions by Simon54 recently but some really positive and factual answers would help SCR and it's holders.

Signed off
regards

[valentine] 05/6/2007 20:03

Probably buying on extended T. ie T40 and paying a premium. Some brokers do it!

[strow] 05/6/2007 10:51

Something i cant understand,is why this persistent buyer keeps paying over the odds in the market-can buy 750,000 on line at 3.75p and they keep paying over this for smaller quantities than this?? either not very savy or just plain silly

[wolstencroft] 05/6/2007 10:47

SCR can go two ways, it is true

There are companies like Minco (MIO) that appear to be perennial failures at anything they turn their hand to (projects in Russia, Languna...).

There are other who suffers severe setbacks and then recover (e.g. OXUS OXS)

Only time will tell whether SCR belongs to the former or the latter (in fact time will never tell if it belongs to the former until if and when it goes bust - even Minco may have its day and if and when it does the share price will recover very strongly indeed).

I somehow feel that in the current climate SCR will always find a few funds to proceed with something or other, which increases then chances of a recovery.

[nobull] 05/6/2007 10:44

mark_jm, as I undestand it the directors have several projects and don't know which is the best one to take forward (given the new situation the company now finds itself in). As each day goes by, with no income to speak of (bank interest?), the liquidity risk increases.

It may be that they find they are unable to take any project forward. I don't know.

[nobull] 05/6/2007 10:36

RA1 "As for scr- nothing to comment the share price and RNS' release spk for themselves." Could you let us have the analysis you have done to back that up? Thanks.

"Its only a matter of time before SCR goes belly up & i will be back to tell you i told you so." With two highly probable outcomes being "strong recovery" and "going bust", I'd say you were on fairly safe territory making such a prediction, but it doesn't make you an investment genius if you are right, although your bank balance may be better for it.

If comparisons help people understand which stock has a better risk to reward ratio I can't see what is wrong with that.

I welcome CMLSmith's critique of SCR, although I don't like its implications for my future wealth here. This thread would be a lot better if you could show Simon the respect his posts deserve? Thanks.

[strow] 05/6/2007 08:06

Ra1-we will of course all remind you if it doesnt then :-)

[simon54] 04/6/2007 20:44

Nope, I've never made any such agreement - if someone raises a point for discussion, as wilmo did (so no, I didn't 'start' a comparison), I will comment if I see fit.

i will be back to tell you i told you so.

Yes, I'm very sure you will, if it turns out that way.