South China Resources Share Discussion Threads

[wolstencroft] 19/6/2007 18:14

more modernist poetry from sad people with nothing better to do.

[jsandrew007] 19/6/2007 16:43

nice


chief exec gone


nice


where are those 20p, 50, hell, £20 predictions


nice


3pence


be brave, take the loss and leave

buy a lcd tv or something


a 14inch one


from asda

[nobull] 19/6/2007 09:25

F6, Makes sense: no one in their right mind is going to support this Board in exploring Zhunuo until they have made some decent Board appointments who are confident enough in their decsions to be more open? With our present Board, I expect any JV partner helping out with SCR's Zhunuo costs will want to be in charge. Still holding (although much more comfortable being invested in Iran than I am here - and the level of risk in my Iranian investment is indicated by how long it takes to describe it: a stake in an argument over the ownership of unconstructed mine in a country where there may yet be a ban on investment and where the Govt. hates the West - and they've cancelled most of the agreements on the JV! Far more at ease in that than I am here!)

[figure6] 19/6/2007 09:00

Is a joint venture exploiting the Zhunuo mine not a possibility.There was a rumour of a Canadian company showing some interest in a JV .....but a rumour is just a rumour....but it would explain our mystery buyers reason for accumulating

[wolstencroft] 19/6/2007 08:54

3% is about 5m shares, so a holding RNS is due if its the same buyer

I dont think we've been preaching doom and gloom, we've witnessed it first hand and have the scars....

[figure6] 19/6/2007 08:52

Someone is buying SCR shares in 250k and 500k lumps so its not all doom and gloom.Why are they buying? Maybe in a short time we will get some positive news and all those that have sold out and come on here to preach doom and gloom will disappear.

[wolstencroft] 19/6/2007 08:51

strow if you "know" something why not just say it....

[strow] 19/6/2007 08:50

But then again.......

[wolstencroft] 19/6/2007 08:34

We're just rabbitting on.....its been a flopp years before a recovery possibly

[krazykid] 19/6/2007 00:02

Been catching up with the 'poems'.... lol :>)

[wolstencroft] 18/6/2007 22:54

But then if people say the opposite "Jump on board" "Will never see x pence again" no one complains much I suppose

[simon54] 18/6/2007 22:41

Beats me :-)

[wolstencroft] 18/6/2007 22:39

and then I think it will be resurrected. I very much doubt that it will be liquidated - apart from fraud companies almost never truly do under. (Why do people visit threads who have never really posted only to say something negative).

[krowelet] 18/6/2007 22:30

Looks like the last rights are soon to be administered here imo.

[figure6] 18/6/2007 08:42

SCR looking ready to bounce after recent decline.The 500k buy on Friday looks like our 250k buyer could still be accumulating.We never found out why the 250k buyer was accumulating but maybe a JV deal is around the corner.(Only positive speculation I know).

[nobull] 17/6/2007 21:27

From www.minesite.com : The weekly London round-up...

"The week's worst performer was South China Resources (AIM: SCR), shares in which lost 22 per cent to 2.65p after executive chairman Alistair Clayton resigned the chairmanship to become a non-executive director. Clayton was the company's London face and last month it withdrew from its joint venture over the Danfeng copper-molybdenum project in China. He is replaced as chairman by Nathan McMahon but shareholders will be wondering where the company is going now.

Minews. Difficult to make a comment on that, but a change would probably be welcome."

[garymegson] 15/6/2007 14:50

Company website offline:

Due to several board and project changes in recent weeks the website is currently being updated and will be back on line soon

[figure6] 15/6/2007 14:29

Even dead cats bounce, so that 500k buy bodes well for a bounce and points to our mystery buyer still being around.(Also why is our mystery buyer accumulating?......Speculation but a joint venture in the offing perhaps?...who knows....)

[nobull] 15/6/2007 14:06

Thanks dogm4n.

[dogm4n] 15/6/2007 13:38

No Bull as the trade had O for Offer a straight buy at 3p, also mm have only been bidding 2.75 for 100,000 sales over last few days even when the bid was at 3

[nobull] 15/6/2007 12:49

Well good to see somebody bought 500k. I have 14k cash to put into something, but not brave enough to consider this stock!

Edit: or was that a delayed trade (a sell that caused the 0.5p drop in the mid price?)

[nobull] 15/6/2007 09:35

Thanks Kimboy. If Chinese Law wasn't as hard on people who fail to do what a contract requires them to do, then it wouldn't be very binding would it? Yes, I assume they would have to pay compensation representing any costs incurred in having to sell it to someone else at a lower price (costs of finding another buyer, interest, and the difference in purchase price if lower).

[strow] 15/6/2007 09:29

They will get the funds if the project is a goer-i have no doubt-its the if bit,but therein lies the risk
im also sure they will come up with something else-only time will tell-odds looking interesting now and somebodys buying

[kimboy2] 15/6/2007 09:26

You don't just lose your deposit when you fail to complete on a house purchase. You are liable for any losses suffered by the vendor including a reduced price and interest.

Chinese law may well be different.