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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 | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.48 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 2.48 | GBX |
South China Resources (SCR) Share Charts1 Year South China Resources Chart |
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1 Month South China Resources Chart |
Intraday South China Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/12/2009 | 06:07 | South China Resources | 9,722 |
| 06/9/2007 | 17:40 | Only worth 1.5p on fundamentals | 3 |
| 30/5/2007 | 08:20 | SECURICOR is ....TOO Cheap to ignore | 106 |
| 06/2/2007 | 10:27 | SOUTH CHINA RESOURCES - the mid term appreciation club | 41 |
| 07/3/2006 | 22:28 | ZRL - New Uranium Discovery!! | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 20/12/2009 06:07 by choppa SCR thread. Feeling a bit nostalgic now. |
Posted at 04/6/2009 05:27 by wolstencroft hi choppa - i remember them also! i never researched a company more than scr and haven't since. lessons for me: Delays are bad, dont trust directors, what isnt in an RNS is as important as what is, RNSes are almost never badly worded so if something was missed out it was for a reason. |
Posted at 19/8/2008 05:40 by sagem LOOKING VERY GOOD AND BACK ON STREAM SOON;-Highlights: Option agreements to permit purchase of a 100% beneficial interest in Vlakplaats open pit coal project and a 35% beneficial interest in the Camden coal project Vlakplaats Coal Project: Shallow, largely open pit prospect, containing predominantly export A-grade thermal coal resources as well as some domestic grade thermal coal Contains JORC inferred resources of 178Mt gross in-situ tonnes - 100% attributed to SCR Abuts the Company's previously announced Elof Coal Project Camden Coal Project: Contains up to five coal seams, including the B and C Seams which are the most widely exploited coal seams in the Ermelo Coal Field and primarily used for domestic and export thermal product. Located approximately 200km SE of Johannesburg, in close proximity to the Camden Power Station The Board believes area to have the potential to host a significant coal resource Following transactions, SCR raises JORC compliant attributable coal resource to circa 240Mt over contiguous licences in coal producing region Introduction South China Resources plc announces that its 100% owned South African subsidiary has acquired an exclusive option to acquire 100% of the Vlakplaats prospecting rights from Universal Pulse Trading 132 Pty Ltd "UPT". This transaction will form part of a previously announced reverse takeover under the AIM Rules and re-admission is subject to shareholder approval. The transaction will also require Ministerial consent to the transfer of the prospecting right from UPT to the Company's South African subsidiary. The Company is in receipt of an Independent Competent Persons Report ("CPR") report on The Vlakplaats Coal Project in South Africa ("the Project" or "Vlakplaats"), which was completed by global mining consultancy RSG Global Coffey Mining (S.A.) Pty Ltd ("RSG Coffey"). About the Vlakplaats Coal Project Located in the Witbank Coal Field some 65km E of Johannesburg, the Vlakplaats Coal Project, which comprises the Vlakplaats and Wolvenfontein areas, contains predominantly export quality thermal coal suitable for international markets. The project abuts the Elof Coal Project, which SCR, as announced on 1 May 2008, has conditionally agreed to acquire, to the West. The Witbank Coal Field is economically the most important in South Africa and of the 5 defined coal seams exploited in the Witbank Coal Field, the Vlakplaats Coal Project contains an abundance of Seam 2 and Seam 4 which are the most widely exploited coal types, primarily used for domestic and export thermal product. The Vlakplaats Coal Project consists of a contiguous area, including the farm Vlakplaats No 268 IR, Portions 4, 5 and 6 and the Remaining Extent of the farm Wolvenfontein 244 IR and other minor areas held under prospecting right MP30/5/2/1/1520PR). Vlakplaats Coal Project Resources as calculated by RSG Coffey are as follows: Area Gross In situ t Mineable In-situ t Classification Gross in Situ t to Company (100%) Wolvenfontein JORC Seam 2 74,663,303 50,397,730 Inferred 74,663,303 Seam 4 705,540 476,239 Inferred 705,540 75,368,843 50,873,969 Inferred 75,368,843 Vlakplaats JORC Seam 2 23,081,000 13,848,000 Inferred 23,081,000 Seam 4 80,371,000 48,222,000 Inferred 80,371,000 Inferred 103,452,000 62,070,000 103,452,000 Grand Total 178,820,843 112,943,969 Inferred 178,820,843 The Company intends to rapidly advance the JORC inferred resources at Vlakplaats to a JORC measured category with a view to establishing open pit mining operations as soon as is practicable. The Vlakplaats Transaction The Company has acquired the right to acquire a 100% interest ("the Vlakplaats Option") in the Vlakplaats Coal Project. As consideration the Company will, upon registration of the prospecting right in the name of UPT in the Mining Titles and Registration Office, pay to UPT a non-refundable deposit of R3.5m (circa £250,000). The Company shall then receive an exclusive option period of 90 days from the date of registration of the prospecting right. In view of its size, the acquisition is a reverse takeover (as defined in the AIM Rules for Companies) for the Company and is therefore subject to the approval of its shareholders. A circular containing full details on the Vlakplaats Coal Project as well as the Elof Coal Project will be sent to shareholders in due course. Should the Company exercise the Option, the consideration payable to UPT will be R350m (circa £25m) in cash, payable upon registration of the transfer of the prospecting right to the Company. The Company is considering a number of sources of funding for the acquisition in the event that it exercises the Vlakplaats Option, which are likely to result in the issue of new ordinary shares in the Company. A facilitation fee of £2,000,000 shall be payable to the introducers of the Vlakplaats Project to the Company. It is proposed that the facilitators shall utilise these funds to subscribe for ordinary shares in the Company. About the Camden Coal Project Located in the Ermelo Coal Field some 200km SE of Johannesburg, the Camden Coal Project, is nearby the Camden Power Station, some 10km S of the town Ermelo. The project comprises the farms Kromdraai 441 IS, Drinkwater 443 IS, De Goede Hoop 473 IS and Burhmansklipkrans 331 KT (excluding portion 1) held under new order prospecting rights and measuring approximately 15000 Ha. The Camden Coal Project contains up to five coal seams, including the B and C Seams which are the most widely exploited coal seams in the Ermelo Coal Field and primarily used for domestic and export thermal product. To date no JORC or SAMREC compliant coal resources have been defined at the Project but due diligence of historical data is underway and the Board believes the area may have the potential to host a significant coal resource. The Camden Transaction The Company has procured the right to acquire, prior to 30 September 2008, a 35% interest (the Camden Option") in the Camden Coal Project from Continental Coal Limited ("Continental"). As consideration the Company will pay to Continental a non-refundable deposit of US$100,000 upon satisfactory completion of due diligence on the Camden Project. The Company has been granted the right to inspect the prospecting rights and intends, in conjunction with Continental, to conduct a limited technical drilling program over the project in the coming weeks. Should the Company exercise the Camden Option, the Company shall form a joint venture company with Continental in order to explore for coal resources on the Camden Project. The consideration payable to Continental will be R9.25m (circa £640,000) in cash, payable upon registration of the transfer of the prospecting rights to the Joint Venture. Furthermore the company would transfer R10m (circa £690,000) to the Joint Venture Company to fund an agreed exploration programme over the Camden Project. A facilitation fee of 5 Million ordinary South China shares shall also be payable to the introducers of the Camden Project to the Company. The Company will also retain the right to purchase a further 15% beneficial interest in the Camden Project on terms to be agreed in the future. Conclusion: South China Resources is pleased to report that it is in negotiations with holders of other South African mining assets and hopes to be able to update the market as to these transactions shortly. The Company has begun negotiations with potential end users of sea-borne A grade export thermal coal regarding appropriate funding for these transactions. The Board is confident that these premium projects can attract funding in a manner that will avoid excessive dilution and provide significant reward to existing shareholders. For further information please contact: Tim Horgan South China Resources Plc Tel: +44 (0) 20 7493 7671 Hugh Oram Nabarro Wells & Co. Ltd Tel: +44 (0) 20 7634 4700 Hugo de Salis/Victoria Thomas St Brides Media & Finance Tel: +44 (0) 20 7236 1177 |
Posted at 06/8/2008 14:10 by robward 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 |
Posted at 03/8/2008 11:22 by wdurham 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. |
Posted at 27/6/2008 08:23 by wolstencroft 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. |
Posted at 11/6/2008 05:47 by sagem 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. |
Posted at 13/1/2008 12:58 by nobull Sagem, I think it is fair to say that investors' expectations have not been well managed by the Board and there is a perception they have not controlled costs as well as they might have. On the other hand, some of the Board are in charge of another company, BMN (Bannerman Resources), which has a pleasing share price trajectory, but of course any sophisticated investor knows that share price performance in the short term is not necessarily a reflection of the competence of the Board. I don't know what the rules are about delisting from AIM if you haven't got a project (there is time limit a company can be listed as a cash shell?). I think I've seen you on the AIMR thread: I'd have thought that was a better place to put money, especially at a share price below 6p: there maybe one more dilutive placing before Perkoa comes on stream (zinc price has fallen so even if it was fully funded before to production it perhaps might not be now). The row with the major shareholder seems to me typical of someone who was screwed in the last placing. (Perkoa will get into production? Nothing to worry about?). I don't know whether SCR will come good or not. It is valued at twice cash? In relation to the stocks I'm interested in and have tipped above, you should do your own research. There are of course stacks of interesting stocks outside the natural resource sector that are starting to look good now that we have been in a bear market since last April/May. Bombed out retailers, housebuilders, staff recruitment agencies, leisure stocks, etc. Within about 9 to 18 months they should all turn (if you pick ones that don't have excessive borrowings and operational leverage). We will be in the depths of a recession then. All IMO. DYOR. |
Posted at 11/11/2007 09:55 by davethechef Sorry o/t, whilst SCR share price stagnent, worth mentioning, Matra Petroleum has been tipped in today's Sun Telegraph. |
Posted at 27/6/2007 08:30 by figure6 I see your position nobull but can you risk selling out now at the bottom when you know that any positive news will double the SCR share price in no time leaving you kicking yourself.Its a gamble I know but ask yourself if you think the next rns will likely be good or bad news.If you think there will be a positive update then hold but if you think the next news will be negative sell.I am not as informed on fundamentals as most on here so maybe someone else would like to post a list of both good and bad possible rns and their feelings on the likelihood of them appearing.We have already had two lots of bad news recently ie director leaving and Danfeng dropped which has adversley affected the share price so what next.Good news possibilities......n |
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