Just bought into this stock, anybody else a shareholder?

ignore cynic as he aint a clue about the company......or most companies!

canaccord adams..............i'll post their note for you hjs......yes it came out this week after testing results.

Sunkar Resources (SKR : AIM): Sunkar proves sceptics wrong -- BUY, raising target price 110p



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. "

also in daily express today i think about trafalgar giving bullish presentation about skr

i think sp should have steadily gone up but lawrence kept on selling in recent times thus suppressing......when all this selling stopped then sp rocketed, thats the way i look at.....also cash is almost 10p in itself......it was a no brainer at under 20p esp with broker forecast at time of 25p.........now broker has 114p! and thats WITHOUT more good news

your arrogance and rudeness are truly beyond belief, and without even the redeeming feature of an iota of wit, though i suppose it takes all sorts ..... fortunately one can choose one's friends if not one's family ..... anyway, let's put it this way - i knew enough to bank a decent profit when the markets were looking less than healthy .... whether or not i buy back in at some point in the future, whether sp is lower or even higher, will be my own decision and will be without throwing abuse at others who have done their bollocks or managed to buy their villa in the south of france on the back of their fortunate hunch

what rudeness! u only put small amounts of money on......and i banked a hefty proper profit as i told u a week ago.

i was giving info on this company for hjs as he requested it.......but i doubt you care or even know the basic info.......oh it wasnt a hunch, read what i typed about cash in hand plus the seller involved etc.....oh forget it cynic u r a born loser as u miss so many shares rocketing, maybe thats why u go to work....i would say work but u dont as u sit and stare at screen on moneyam all day.

Thanks Marni.

you are welcome hjs

Marni
I had calculated my NBV's and Cash/share as follows:

2008 nav=69 cents apprx 43.4p cash=21.6cents 13.6p
Interim 2009 60 cents approx 47.5p cash 10.3p

I can accept that the NAV has shot up after the RNS but I find it very difficult to believe it would now be 114p. I only hope the analyst has not mixed up the cents from pence. IMHO, SKR is a buy just based on this.

I wonder how far it's going to fall......

i know i should check, but i also wonder just how much of this NAV etc is based on the supposition that a number of things materialise as hoped .... it should not be forgotten that SKR's ore is low grade etc etc

I think MM are waiting to fill a big Buy Order.This is my reasoning behind this:

The buy to sell ratio is 0.39 (sells exceed buys) MM tried to push the price down this morning for panic sellers but since this has not happened, they have marked it up now in the hope that some sellers may appear to fulfill the buy order. MM's are controlling the SP by widening or narrowing the margin spread.

We will see at close what happens to the volume.

ooooooooohhhhh no I got a right bollocking for suggesting MM's manipulate the sp........... be careful what you say HJS.......... RF is watching

Who is RF?

A very good question?

lol.....

Balerboy

RF?

RF = required field, a nice guy

A nice move upwards today,but quite a large bid/offer spread.

CP 43.5/44.5p with pi's paying top wack,almost all time high,thats according to the trades section above.
cyril

i told before that last week when at 45p that 500,000 buys going through......someone or many want these at even these low prices......this has much further to go