progress and understanding

The corporate play here is obviously too complex for most of us to unravel - otherwise the price would be far in excess of where it is now.
Seem to be a few grasp the concept - including dingo, who went to the meeting and has therefore had the advantage of talking to NWA people 'on the ground'

but you need to absorb the fact that Sino Asia - now Congo Copper are already an Aim listed company - though changes have happened since their listing. It's just preparing to fire up the burners.
(here's the site that shows date of listing: http://www.advfn.com/news_AIM-Admission_10315251.html )

Couple that with this last ann re the status of the Congo dealings, and you start to unravel some play.
Leave room for a new deal to come in and we're flying.

NEW WORLD ALLOYS LIMITED
ABN 36 060 774 227
989 Wellington Street, West Perth WA 6005
PO Box 761, West Perth, 6872, Western Australia
telephone: +61 (8) 9322 2744 facsimile: +61 (8) 9226 3233
email: [email protected] website: www.newworldalloys.com
22 August 2007
The Company Announcements Platform
ASX Limited
Exchange Centre
20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
RESTRUCTURE AND REFINANCING OF CONGO ASSETS
The Directors of New World Alloys Limited (NWA) are pleased to advise that a meeting of shareholders of Sino-Asia Mining and Resources plc (SAMR) was held on Monday 20 August 2007 at which the shareholders of SAMR approved the proposed transaction to purchase NWA’s assets in the Democratic Republic of Congo and the change of name to Congo Copper Corporation plc.
Under the Agreement, NWA will transfer its interest in two of its subsidiaries, Nova Mining SPRL (Nova) and Macro Mining (Macro) (which in turn owns 80% of Phoenix Resources) for the issue of 166,666,667 shares in the capital of SAMR at a deemed issue price of 2p each (Consideration Shares). SAMR have already raised some GBP₤2.2m and intends to seek admission to the Alternative Investment Market in London (AIM) around mid October.
On or before Settlement, NWA will enter into an exploration joint venture agreement (with Phoenix and Macro) in respect of the exploration licences held by Phoenix (Exploration Licences) and exploration licence applications held by Macro (Exploration Licence Applications). Pursuant to the joint venture agreement, NWA will retain a 30% interest in the Exploration Licences and Exploration Licence Applications and will fund 30% of all expenditure incurred in respect of the Exploration Licences and Exploration Licence Applications.
SAMR will use the funds raised referred to above to bring the 3 copper cupolas owned by Nova back into production, to carry out initial investigation of the Exploration Licences and Exploration Licence Applications and to fund investigation of on-site concentration of lower grade oxide ores.
Following Settlement Mr Ian Cornelius and Mr Gerard Zytkow will be appointed to the Board of SAMR representing NWA.
Please contact the undersigned if you have any queries regarding this matter.
Yours faithfully,
For NEW WORLD ALLOYS LTD
Lindsay Colless Director