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burbelly

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About burbelly

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  1. burbelly

    Sunkar Resources SKR

    I emailed Mr Damitov today and got a quick response "Thanks for your letter. The PIM is on the final stage and it is taking some time to get all sign offs. As soon as we get it we will publish the RNS. Please bear with us."
  2. burbelly

    Sunkar Resources SKR

    Well we are now no longer early Jan and still no news, but volume picking up and price up everyday for the last 17 days bar 2, the 40p range has gone in no time and some seriously large AT trades (for SKR) 100k - 150k gone through today after breakout
  3. burbelly

    Sunkar Resources SKR

    Well News B came out on X Mas eve, a little late but quite stylish way of releasing it "In congratulating the Chilisai DAR project team, President Nazarbayev specifically emphasised the importance of phosphate fertilizers for agriculture in the country." Nice rise in price too, long may it continue, News A due very soon MILLING AND LOADING COMPLEX COMMISSIONED Sunkar Resources plc (AIM:SKR) is pleased to announce that the first of two lines of its Milling and Loading Complex ("MLC") at the Chilisai site was officially commissioned on 21 December 2010. The plant has received all official approvals and passed authorities' inspections, and the Deed of Commissioning, the approval required to run an industrial installation in Kazakhstan, has been duly executed. Once completed, the MLC has a production capacity of 200,000 tonnes of Direct Application Rock ("DAR") per annum. The Chilisai MLC and DAR project was recently included into the Kazakhstan Government Support Program for Accelerated Industrial Development (the "Program"), and the official switch-on ceremony was conducted during a live teleconference by the Government of Kazakhstan. Among 8 distinguished projects, the Chilisai MLC was selected for switch-on during the teleconference, a country wide event organised by the Government to raise public awareness of the Program's progress and broadcast on all major national television channels. 21 December 2010 was designated as "Industrial Day" in Kazakhstan. 80 new industrial plants were commissioned countrywide within the Program. The President of Republic of Kazakhstan, Nursultan Nazarbayev and members of the Government attended the live teleconference presenting the most important new industrial projects. During the teleconference, Nurdin Damitov, Director of Sunkar Resources and General Director of Temir Service LLP, reported to the President of Kazakhstan: "This project has a goal to increase food security of the country. We have conducted field trials and obtained the following results: grain yield increased by 30%, and oil crops by 50%. Prices for our Direct Application Rock will be very competitive with those of other manufacturers". In congratulating the Chilisai DAR project team, President Nazarbayev specifically emphasised the importance of phosphate fertilizers for agriculture in the country. A recording of the teleconference can be seen using the following link: http://kaztrk.kz/rus/news/news.php?SECTION...LEMENT_ID=48940. Nurdin Damitov, Director Corporate Affairs, Sunkar Resources plc commented: "It was an honour for Sunkar Resources plc that the Chilisai DAR Milling and Loading Complex was selected for switch-on during the Governmental media event with the participation of the President of the Republic of Kazakhstan. It signifies the importance of Chilisai DAR and the Chilisai Phosphate Fertilizer Project for the local community and the country." Commissioning of the DAR plant is the start of the development of an integrated Phosphate Fertilizer Project at Chilisai. Sunkar intends to announce the preliminary results of its Bankable Feasibility Study for the Chilisai Phosphate Fertilizer Project shortly, in early January 2011.
  4. burbelly

    Sunkar Resources SKR

    The answer was e Sunkar Resources plc (AIM:SKR) is pleased to announce it has signed an agreement with UniCredit Bank AG ("UniCredit") for project finance advisory services. UniCredit will be the Company's sole advisor in relation to debt financing for its Chilisai Phosphate Fertilizer Project in Kazakhstan And I pretty certain I can ask it again news due soon, will it be? a) BFS PIM B.) Flour sales/Plant finsihed c) revised jorc d) off take news e) News on finance f) something else?
  5. burbelly

    Sunkar Resources SKR

    up 14% on rising volume news due soon a) BFS PIM B.) Flour sales/Plant finsihed c) revised jorc d) off take news e) News on finance f) something else?
  6. burbelly

    Sunkar Resources SKR

    another tip http://sharecrazy.com/beta/Tips/4242/buy-s...es-skr-at-2975p gmp values skr at 75p with massive discounting (GMP Resources values the company using a discounted cash flow model with a discount rate of 18%. It then further discounts the net present value of the project at a rate of 80%, arriving at a valuation of 75p per share) and that was before they had signed the new SUC, the £10m equity finace and the MOU. I am sure that if the BFS comes back +ive (Nurdin's £200k share purchase tell me it will most probably) then surely 75p let alone 30p will be an absolute bargain? For that matter cana had them vlaued at £1.10 before those events! Anyone out there following this?
  7. burbelly

    Sunkar Resources SKR

    By SKR standards quite a few shares traded today, near 7.5mill. Shame the early rise didnt stick but well up of late I believe this now has a pretty good future, as I have for the last 18 months but a lot of the uncertainties have now been removed (with not a lot of that reflected in the share price.) IMO serious undervalued. Hopefully get the BFS PIM shortly Sunkar Resources (LON:SKR) (30p/£47.95m) Phosphate fertilizer manufacturers are obviously a highlight at the moment with investors looking across sector operators following the acquisitive move by BHP on Potash Corp (and the increasing likelihood of a counterbid from China). Sunkar’s shares have risen 55 per cent since our last positive comment on 22 June. Today Sunkar announced a Memorandum of Understanding with Eurasian Development bank (a Russian and Kazakhstan government backed institution) to finance Sunkar’s Chilisai phosphate project in Kazakhstan. The MOU envisages providing up to $200m of debt for 12 years and will add significant credibility for investors when the current bankable feasibility study is completed and announced. Being a fertilizer company, we would not be surprised to see the shares grow faster than their rivals! http://www.stockopedia.co.uk/content/sunka...sinclair-47323/
  8. burbelly

    Sunkar Resources SKR

    bit of action in the sector due to BLT approach of potash? SXX well up and SKR moving today up 15%. Hopefully the pre BFS will be out soon for SKR, should help give the share price a boost
  9. burbelly

    I'm Thinking Of Buying A House

    I have always prefered a place in the country and was toying with this one, slightly more expensive than the london property above but then again you do also get a village thrown in as well http://news.bbc.co.uk/1/hi/england/oxfordshire/8244977.stm
  10. burbelly

    Sunkar Resources SKR

    well Nurdin bought another £210k worth today and Credit Agricole announced a holding above 3%, I think we could be entering another up phase
  11. burbelly

    Sunkar Resources SKR

    Thanks to bozmo on advfn for this: Research note published 7-Dec by Canaccord Adams Sunkar Resources (SKR : AIM): Sino-Kazakh grain agreements highlight key role for Sunkar -- reiterate BUY, target price 110p Sunkar Resources SKR : AIM : £0.40 | £57.6M | Buy, £1.10 Sino-Kazakh grain agreements highlight key role for Sunkar -- reiterate BUY, target price 110p Damien Hackett, 44.20.7050.6641 Event Three important and recent events have encouraged us to revisit Sunkar Resources' phosphate investment potential. The Kazakh Ministry of Agriculture agreed grain exports to China at the end of October, while China expressed a desire to lock this new source of grain into a formal quota. This initiative was to be followed by more detailed discussions at the Kazakhstan-Chinese Inter Governmental Commission meeting scheduled in late November – early December. The Prime Minister of Kazakhstan, Karim Massimov, recently instructed the Ministry of Agriculture and KazAgro to focus on the infrastructure needed to facilitate the export of its grain to China. Most interesting of all is the plan outlined at the end of November to restructure the existing subsidy away from a volume-based measure to a yield-based measure. In a nutshell, the new subsidy should encourage a return to efficient use of fertilizer in grain production. Impact In this note, we look at the broader problem of global food supply as well as recent policy changes in Sunkar's potential market – that of Kazakhstan and its surrounding markets – which highlight the importance of Sunkar's fertilizer project at Chilisai in Northern Kazakhstan. We are reinforcing our BUY recommendation on the stock. Valuation Our target price is reinforced at £1.10/share by these recent events and we suggest the start of the feasibility study early next year is likely to be the next major stimulus in Sunkar Resources' share price.
  12. burbelly

    Sunkar Resources SKR

    chap over on advfn called Scab (who some believe to be Simon Cawkwell) has been buying thousands in 25k chunks and even a 250k chunk reckons we should be moving up soon Certainly well over due the 3rd pilot test result by now
  13. how do i do that? forgot to mention, they also have the only black run indoor ski slope in the world in Dubai too but didnt visit, thought my carbon footprint was big enough already
  14. I was on route to visit Yemen, Djibouti and Somalia stopped over for a few days, Hired a taxi and drove round all the sites, The Buji Al Arab and Buji Dubai (the world's tallest building, was very impressive) etc. Out on the reclaimed islands they have built it was a ghost town, not a soul about. The bad taste too was every where, from themed restaurants, to hotels such as the Atlantis with an aquarium with wale sharks swiming it. Some of the hotels (5 star ones) have built sand dunes in their back gardens so if your too lazy to head out of town you can have a genguine desert experience in your hotel. Gold plated rolls royces, plastic camels. A fair few Russians about, with their girl friends, showing total lack of respect for the culture walking about in mini skirts
  15. just back from a few days stop over, vast areas of built developments are empty. Went to the Dubai Mall, the largest in the world, all the shops are open selling all the latest goods but no shoppers, dont think i counted more than 20...Disney land for arabs and premiership footballers and bad taste
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