South China Resources

krazykid-i think the t.a was a good guess prior to the finals-it could have gone the other way if what was in the finals gave us more direction
If one is into t.a and now "the news" is out 8p is next support level,or thereabouts as if you look at the 2 year chart and extend it across from 8 p today that is where the support lay almost 3 times in 2005
This is getting very cheap now,but i think mostly through lack of understanding of the company and the "wider picture" here,which imo is still incredibly positive
I think they do have an economical resource there,but i think people are selling for fear of the next rns i.e it might say that they will have to spend most of next year with more adit sampling and underground work etc
The time plan i think has gone completely out of the window,but the resource i feel hasnt
Just a case of tempering down ones time expectations now,but personally i feel they will probably be mining danfeng by the end of next year-catching the price bottom is the current problem-if 8p goes easily then it could be anywhere between there and 5p and that would just be getting ridiculous-sentiment is a very powerful thing,good or bad