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burbelly

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Everything posted by burbelly

  1. Sunkar Resources aims to become one of the lowest cost producers of phosphate fertiliser in the world with its Chilisai Project. It plans to develop integrated production facilities at the mine site in NW Kazakhstan where it has access to more than 800Mt of ore averaging 10.5% P₂O₅ which can support production of 1.76 Mt a year of di-ammonium phosphate (DAP) or equivalent for over 56 years. They IPO'd just under a year ago at £1.20 and since then the share prices has dived down to 7p. Back in April two directos added albeit only a small amount to their rather large holdings, I cant see any reason for the collapsed share price except for institutional selling. We all know how the markets have behaved since last year. The company has reduced expenditure and still has 12p a share worth of cash in reserves Since April, volume has increased massively even though 2 or 3 funds have sold down their holdings. Ive bought in at 7p and more up to 13p. This is a high risk gamble but as i said I cant see anything obviously wrong with the company, the one people were happy to buy into under a year ago at £1.20. The company presented a couple of weeks ago at a fertiliser conference and was recieved very positively Results out out very soon and possible sale announcement of Phosphate rock which should lift the price and if they can prove that they can get the required % of phosphate out the rock to produce DAP then the IPO share price would have been a bargain at ipo let alone 14p Anyone know anything about phosphates? Comments and thoughts appreciated http://www.sunkarresources.com/
  2. 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."
  3. 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
  4. 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.
  5. 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?
  6. 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?
  7. 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?
  8. 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/
  9. 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
  10. 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
  11. 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
  12. 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.
  13. 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
  14. 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
  15. 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
  16. 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
  17. burbelly

    Sunkar Resources SKR

    surely now over sold....bought more today
  18. burbelly

    Sunkar Resources SKR

    Thats a bit criptic Conrad?
  19. burbelly

    Sunkar Resources SKR

    new company presentation posted yesterday, last test result should be out within the month....hopefully signal another move north http://www.sunkarresources.com/en/news/upd...ent_forum_2009/
  20. burbelly

    UK House prices: News & Views

    bit of a turn in Barratts today I see....:-) down 40%
  21. burbelly

    UK House prices: News & Views

    Oct. 19 (Bloomberg) -- London home sellers raised asking prices to a record high this month and led gains across the U.K. as the shortage of properties for sale intensified, Rightmove Plc said. The average cost of a home in the capital rose 6.5 percent, the most since records began in 2002, to 416,157 pounds ($680,000), the owner of the U.K.’s biggest residential property Web site said today in a statement. Prices climbed 2.8 percent across Britain as transaction levels dropped by half from 2007. London asking prices have now surpassed the peak reached in November 2007, Rightmove said. The report shows how the credit squeeze, the construction slump and a shortage of properties have combined to skew the U.K. housing market at a time when the recession and rising unemployment have hurt affordability. U.K. home values are rising partly because people are reluctant to take on more debt and are moving house less, curbing the supply of properties on the market, Rightmove said. Unemployment stayed close to the highest since 1995 in the quarter through August as the recession destroyed work in industries from banking to construction. http://www.bloomberg.com/apps/news?pid=206...id=aTAk2M_ZrU2g London house prices surge past 2007 record high Asking prices in London jump 6.5% to £461,157 http://www.guardian.co.uk/business/2009/oc...above-2007-high
  22. burbelly

    Sunkar Resources SKR

    more press From Minesite.com October 08, 2009 Sunkar Resources Obtains Positive Results From First Tests On Pilot Plant By John Taylor Sunkar Resources has been one of the best performing stocks in the London market in recent weeks - a fact which must have come as a great relief to all involved as it has had a torrid time since its IPO at the end of June last year. The stock is currently trading at around 40p which, though it is still a long way below the IPO price of 120p, needs to be seen in the context of the low of only 5.25p which was reached in November last year - a fall of almost 96 per cent in less than five months. At that point, the company's cash position covered its market capitalisation by around four times; an extraordinary state of affairs even in those extraordinary times. For those few lucky investors that bought at the bottom, a return of nearly 800 percent since then is certainly something to smile about. But there are unlikely to be many as at the time the market was pricing in economic Armageddon and cash was seen as the only place to be. For those that bought in at the IPO it has been a grim experience and it resulted in the door to the mining IPO market being firmly closed - a situation which still prevails. The reason for the recent strength lies in the release of results from pilot plant testwork which, says chief executive Serikjan Utegen, confirmed that Sunkar's project is capable of producing phosphate fertilisers of a suitable quality. At the time of the IPO, it was recognised that the phosphate rock resource at its Chilisai project in Kazakhstan was of much lower grade than almost all of the other deposits currently used as feedstock in the global phosphate fertiliser industry. As such, it... http://www.minesite.com/nc/minews/singlene...ilot-plant.html
  23. burbelly

    Sunkar Resources SKR

    wow this just keeps going up, had thought we would see a bigger and longer pull back, maybe shouldnt have taken so much profit
  24. burbelly

    Sunkar Resources SKR

    seems to be no stopping this one now taken some more profit again, hope its the right thing to do but a profit is a profit ;-) Sunkar Resources SKR : AIM : £0.34 | £56.0M | Buy, £1.10 ↑ Sunkar proves sceptics wrong -- BUY, raising target price 110p Damien Hackett, 44.20.7050.6641 Event Sunkar Resources' announcement today indicates that it has cleared its first major hurdle on the way to commercial production of Di-ammonium phosphate (DAP) of internationally acceptable quality from its low-grade phosphate deposit at Chilisai in north-western Kazakhstan. Impact The ability to produce commercial ammonium phosphate from a low-grade primary source such as Chilisai at ~10% P2O5, even after local beneficiation to 17% P2O5, understandably presented some concern to investors. There is only one commercial plant in the world currently converting phosphate rock of grade less than 20% P2O5 into phosphoric acid and that is in Jordan. It now appears there might be another, this time in Kazakhstan. Clearing this major hurdle enables us to reduce our project completion risk from 90% to 50%, which in turn lifts our net asset value for Sunkar to £1.14/share. On this basis, we are raising our target price from £0.25/share to £1.10/share. Action We continue to recommend buying Sunkar. Next Catalyst The company is due to appoint various contractors for the feasibility study before the year-end. We would suggest the start of the feasibility study is likely to be the next major stimulus to Sunkar's share price beyond our target of £1.10/share. "
  25. burbelly

    Sunkar Resources SKR

    on holiday and just checked in, looks very good, have taken a little profit at 29p...
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