South China Resources

There are 2 things they are going to need cash for;

1) Development of Danfeng.
They have said they have sufficient cash, at current rates of expenditure, to get to a the point of an investment decision in Danfeng.

We know they have £4m in the bank at the moment but know little else. When they intend to develop, or how much it will cost I don't know. It is clear that they are trying to achieve a low cost cash flow producing development.
How close they are to achieving that will be in the SRK report.

I am optimistic.

2)Zhunuo
They have to find about £3.45m. This won't be needed till the bureaucratic process has been completed.

If I was being an optimist I would point out that 10.3m options come up on 30/6/07 at an exercise price of 35p.