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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 |
---|---|---|---|
08/8/2008 16:40 | A Perhaps someone should ask some very pointed questions at the EGM next month, but I doubt if one would get a straight answer with this lot in charge. They have been obfuscating since the inception of the Tibet fiasco, whilst spending my money. Perhaps we should look at CZA or PTMN to invest instead. K | kayaks | |
08/8/2008 12:57 | K My thoughts exactly. A | ananinginainana | |
08/8/2008 12:00 | A It would seem that this is deja vu, Tibet all over again for the long suffering shareholders, who can not even sell their shares. Perhaps this is time for the FSA to take an interest in this chaotic situation. SCR could keep on reversing into companies ad infinitum and never list again all the time spending the remaining money of shareholders. I mean this is a company with no assets, where are they going to find anyone to lend them £25million never mind invest. K | kayaks | |
07/8/2008 18:01 | Lachan Star have today ceased work at the Alexander Project because of inconsistencies with the tenure of the prospecting rights held by Universal Pulse Trading 132. "A further announcement will be made once the South African Department of Minerals and Energy has formally notified Universal Pulse as to the status of the Prospecting Right." The same Universal Pulse Trading 132 that granted the Vlakplaats option to SCR. A | ananinginainana | |
07/8/2008 16:43 | This from Lachlan Star "As indicated in the quarterly report, Lachlan Star has identified the South African coal industry as presenting significant opportunities to enhance shareholder value" Lachlan Star has acquired 100% of the Holfontein project from Coal of Africa another Aus. company in South Africa. Holfontein is 118kms east of Jhb near the town of Secunda and its Tutuka power station. LS has also acquired 74% of the Alexander Coal project from Universal Pulse Trading 132. So there are enough power stations to go around. www.aussiestockforum K | kayaks | |
07/8/2008 13:12 | K I think Lachlan Star may have their eyes on the Mpumalanga stations. A | ananinginainana | |
07/8/2008 12:45 | These new projects seem to be a shrewd move by SCR as the South African government are bringing 3 power stations back into production. These 3 power stations Camden, Grootvlei (Balfour,Mpumalanga) and Komati (Middelburg,Bethal Mpumalanga)power stations are all in close proximity to each other perhaps 100 kilometres apart. In fact the Camden power station is adjacent to Vlakplaats, I believe and is being brought back into production at a cost of R5,2 billion, I do not know the cost of the other power stations offhand,and when these power stations are back into production SCR will be their supplier of coal in my view. | kayaks | |
06/8/2008 15:10 | Another interesting Announcement...havnt got a clue how it will affect the share price when it comes back from suspension, I guess it all depends on how many more shares they issue to pay for Vlakplaats.....quite alot of shares if its going to codt £25 million. Time will tell | robward | |
03/8/2008 12:22 | What this issue of loan stock means is exactly what it says. SCR need some cash. Issuing new shares for cash in the usual way is not usually done during a period of suspension, as the shares are unable to trade and are therefore unattractive for a normal placing. So SCR have done the next best thing by issuing a convertible loan. Cash now, and the lender will convert his loan into shares later. I don't know that the situation of the lender is of any relevance at all. Jersey is part of the UK and Aguas Kalama is registered at Companies House, so it's not as if the cash has been lent by some shady Bermudan or BVI registered outfit about which no-one knows anything. | wdurham | |
03/8/2008 11:19 | Perhaps wdurham could explain what this issue of loan stock means, and should shareholders be concerned that Aguas Kalama Ltd is situated in Jersey, Channel Islands a tax free haven? | kayaks | |
02/7/2008 18:05 | Thanks for that wdurham......althoug | rossendale14 | |
01/7/2008 16:17 | The deal is a reverse takeover. Barring force majeure, there's no way it will not go through, as all the details were part of what was in effect a completed deal, subject to certain approvals, announced to the market on 1 May 2008. Full information is in the news archive and on the company's website. This isn't like a bid situation, where parties can negotiate and horsetrade, and one or the other of them could back out at any time. There's no need for the company to say whether talks are progressing, because talks AREN'T progressing! "Talks" were all fully progressed, done and dusted and a conditional agreement signed before 1 May. When SCR have completed their Admission Document for the new company - which must include a thorough independent Competent Persons Report - the document will be sent to shareholders and published to the market. The shares can then return from suspension and resume trading. At the same time, an EGM will be convened so that shareholders can approve the RTO. If shareholders approve the RTO, South China Resources will cease trading and delist from AIM immediately. Universal Coal will then be admitted to AIM. Our shares transfer seamlessly from one to the other. In my experience, particularly in the mining industry, the above can take a good 5-6 months. The engineering consultants who will need to do the CPR are all maxed out with work and understaffed. Everything is taking longer than normal. I will be surprised if the Admission Document is published much before late September/mid-Octobe In the meantime, we just have to be patient. The company are not likely to release any further news about this particular deal - they've already told the market everything there is to tell until such time as they release their Admission Document. Although they do suggest that further SA acquisitions are under consideration, so additional announcements may be forthcoming about other projects. | wdurham | |
01/7/2008 13:44 | I emailed SCR yesterday and and asked for some news about the merger to be published on SCR's website and got a reply from Alastair Clayton stating that he is forbidden to make "frivolous" comments by the FSA. Since when would a simple statement saying that talks are progressing be deemed frivolous or forbidden. What an idiot! no wonder we shareholders have lost so much money. | kayaks | |
01/7/2008 08:46 | has the deal been done? Anyone have any ideas over timescales? Is this yet another false dawn? | snogger | |
27/6/2008 09:23 | Anyone care to guess when SCR's share price will exceed GGGs? All rather sad in the juinior sector; I think it will teach many a lesson. | wolstencroft | |
11/6/2008 06:47 | SCR are certainly getting into the right market at the right time BLACK GOLD IS THE FUTURE ENERGY ;- Over the last week, the price of coal has soared to a new record. Thermal coal prices jumped to $116.44 a tonne at Australia's Newcastle port, which is the benchmark coal price for Asia. This represents a staggering rise of $23.09 in just a week. That's a staggering increase of 25%...! Not only is demand very high, but the supply chain is in trouble. China's chilly winter is playing havoc with transport and electricity shortages mean mine output is being hit. The country has therefore declared that it will not export any coal in February and March... This has combined with the electricity shortage in South Africa... something that I believe will not be sorted anytime soon. Indeed, the South African power group Eskom have already failed to deliver on their promises. The company said that it would be able to meet 90% of the power needs for miners. However, it said at the end of last week that generating plant breakdowns meant it could supply only 80% of their needs. It'll take years to sort out Eskom says shortages are likely to last several years, with rolling blackouts scheduled for next month. These supply disruptions are likely to continue to boost the price of coal, platinum and gold. Australia also had its own supply problems. A number of Australian producers last month were required to issue a force majeure on immediate coal shipments due to recent heavy rain and floods in Queensland. I simply cannot see any bearish potential in coal at the moment. There is a bull squeeze going on as supply side disruption and demand growth squeeze prices higher. On 29 January, JP Morgan took a break from paying Tony Blair's mortgage to upgrade its coal-price forecasts. It upped its 2008 contract prices for power-station coal to $90 a ton, from $70. It boosted forecasts of 2008 contract prices for coal used in steelmaking to $140 a ton from $120. BHP Billiton has said that coal production at its joint venture with Mitsubishi in northeastern Australia will be reduced for as long as six months due to the flooding. This alliance is the world's largest exporter of coal used in steelmaking. There have also been flooding problems for mines owned by Xstrata and Macarthur Coal. These circumstances are unique. Indeed, even if the oil falls substantially I do not believe that this will have an effect on the bullish outlook for coal prices. I feel utterly confident that the price is heading just one way. | sagem | |
29/5/2008 17:07 | good man for that info! Does any one here have an opinion or hold Circle Oil, or Europa Oil and Gas? | dlmit | |
29/5/2008 14:04 | Thanks for the news Rob, much appreciated. Regards | kayaks | |
29/5/2008 10:28 | To All Shareholders I rang the company today to enquire as to a re-listing date. Apparently it is likely to be between 2-3 months...hopefully the price of Coal will continue to rise. Regards Rob Ward | robward | |
18/5/2008 11:53 | will be re listed as "UNIVERSAL COAL PLC" I have no idea when it will be listed to trade? Does any one know? | dlmit | |
15/5/2008 22:57 | thank you been busy now i have calmed down and read the rns i understand thanks | acornoptical | |
15/5/2008 20:05 | They are suspended, will be re-listes under new name, just need to be patient | badday | |
15/5/2008 19:38 | ARE THESE SUSPENDED THEY ARE SHOWING AS NO VALUE ON MY HALIFAX ACCOUNT | acornoptical | |
15/5/2008 06:57 | I THINK THIS IS A VERY GOOD MOVE BY SCR.....worth reading the following article ;- | sagem | |
11/5/2008 20:36 | does any one know when Universal Coal Plc will be listed? | dlmit |
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