South China Resources

The sudden concern with the Moly in the drill holes is odd. This issue must have been kicking around for a while.

On the plus side I think we can expect much better metal grades, sadly on the downside their drill protocol and assaying crediblity are truly shot.

From now on they should ship the core to two independent labs for detailed assaying including the minor trace elements and then compare them ahead of any release. Better drilling contractors are a must.

Both are a long, painful and expensive process; but a necessary one to bring back full confidence.

I was getting a bit jolly when the shares were in the 20p+ range, sadly as with the assays we are going to have to have a bit of patience.

The share decline is hot money from "Tourists" moving out plus burnt CFD players would be my guess. The exploration story in most aspects has not altered.

My position is very modest but I am much more inclined to be a buyer than not.

I think a cup of coffee with Mr Clayton is probably the best way forward and see if he has a smile on his face! Mind you I think he is pretty happy on the back of BMG anyway where he owns a few.

Hey Ho!