Just bought into this stock, anybody else a shareholder?

Hi Cyril, I am still in CHL and am holding for future gains as I feel that it still has further to go. As I mentioned in my post to you on the CHL board I try to concentrate on the big picture (being somewhat new to the investing game I find the wealth of data in the micro view somewhat daunting and sometimes full of contradictions) and as such bought in to Sunkar some months ago purely on the gut feeling of the business and it's potential. Like CHL I feel that this one still has further to go to realize its full promise. Regards, Clive

Hello Clive,yes agree that both SKR and CHL have a long way to fo,failed to get much interest in the latter which is a shame as its has solid assets.
O/T a couple that are ready to go are RXP and XTR ,the former news maybe next week and XTR anytime this month,both worth checking out. Another i.m very keen on is URU for its discount to KAH.
regards
cyril

Seems this is being shorted,for how long and to how low i've no idea? With the 3rd test results not that far away, coupled with when a JORC will be issued,it appears to be near bargain basement? Something in the "who dares rodders" scenario,belief along with patience should see some handsome rewards?
aimho
cyril

The price is certainly heading from whence it came.
At the mo ,however,the entire market has turned negative.
May last for a couple of weeks

It shows how much market conditions have deteriated again. Dropped to bid/offer of 26/28p three days ago. Opened 3p higher on Wednesday but with a 3p spread 30/33p and then improved to 33p which means in the day it went up 25% and if you'd bought in at the start of the day you'd made nothing. Stagnated a bit yesterday and this am the MM put an early spread of 33/38p and now they are walking the bid up.

Unless you were prepared to take an enormous risk on Tuesday or Wednesday, this may have gone up 50% in a few days but the spread made it totally untradable.

now 36.25/38.5 but of course there's nothing to stop you placing an order at whatever level you like

Excuse my ignorance cynic as I STILL don't have level 2, surely if the spread is 30/33p then more than likely if you want to buy you're only going to get close to 33p. Yes if you believe in the company long term you may do it but to simply trade it with the risk/reward in your favour seems to me to be impossible.

your broker will place the order for you, but if you are an active trader, i strongly recommend you get L2 ..... at IG, my access to same costs me nothing

I've got a SB account at IG which I'm not really using atm until market conditions improve. Is the order likely to be filled though if for sake of argument you put it in at 31p?

price now 36.5/38.0, so if i was placing the order, having seen what's what, i guess i'ld try 36.75 and wait and watch ...... great thing about L2 is that you are totally in control and can change your bid up or down at will

Cheers cynic. I'll put L2 on my xmas list for myself.

suggest you also talk to IG how it works on SB side, as my experience is from CFDs

DD i thibk i read that IG provide free L2,on certain accounts, worth asking.In the meantime do you use the above facility,trades?
cyril

IG will waive fees subject to activity

Hi cyril

My understanding of the trades is that it estimates which are buys and which are sells based on the price taken. In other words, it is very misleading and after trading for five years I'm afraid I wouldn't take any notice of it. If the market makers are pushing the price of a tiddler up then through whatever means (delay?) buys can appear as sells and vica versa.

All I know for sure is I can now see when a stock is on the rise, I buy into that and mostly make money from it. The problem over the past three weeks is the market has become stuck again (to my knowledge only DES and SKR of the tiddlers have risen over the past few days) and hence for the moment the system has broken again. I use live streaming which in a decent market serves me well. As cynic has said more than once I should get L2!

i'm sure warren buffett doesnt have level 2!

oh, he doesnt have a computer, haha

SKR has gone very quiet any news/views?

I sold out sometime ago so not entirely sure but i believe aJORC and BFS are in the pipeline?

The SP seems a bargain at 29p,however it could go lower as the Lehman admins are selling along with one of their divisions Hanover
Nominees.So it's a question of wait and see,a couple of pence above bottom would still imo end up a worthwhile punt?
aimho, dyor
cyril

Resource update,
50m/tons from 40% of acrage with a mine life of 20yrs.
cyril

Seems to be a problem with news this am?

JORC MINERAL RESOURCE ESTIMATE FOR PART OF THE CHILISAI LICENCE AREA
Sunkar (AIM:SKR) is pleased to announce its mineral resource estimate, prepared
by Wardell Armstrong International Limited ("WAI"), covering some 40% of the
Company's 836 sq km Chilisai licence area ("Licence Area") in accordance with
the guidelines of the Australasian Code for Reporting of Exploration Results,
Mineral Reserves and Ore Reserves ("JORC").
HIGHLIGHTS
* The JORC resource estimate covers 40% of the Sunkar licence area. This is the
area closest to the proposed fertiliser plant site
* The area contains more than sufficient resource to meet the first 20 years of
planned ore extraction at a rate of 10 million tonnes per annum
* 293 million tonnes in the JORC Measured and Indicated categories with a grade
of 10.6% P2O5 at a 5% cut-off grade for a total of 31 million tonnes contained
P2O5
* Total resource including Inferred ore is 475.4 million tonnes with a grade of
10.6% for a total of 50 million tonnes contained P2O5
* Observations from trial pits and long trenches, which bound 400m x 400m mining
panels, confirm the phosphate rock in the Licence Area forms a layer that is
fairly uniform in terms of thickness and properties but varies in terms of its
structure (occurrence of top plate, nodule and pebble zones within the ore body)

Serik Utegen, Chief Executive Officer of Sunkar commented:
"At this stage, we have estimated a JORC resource covering some 40% of the
Chilisai 836 sq km licence area, sufficient to support Sunkar's economic
assessment of the project. This confirms the previous Soviet estimate and will
comfortably support a mine life of at least 20 years at our planned production
rate of 10 million tonnes per annum. Coupled with results of the recently
announced pilot plant test programmes, which support the ability of the ore to
produce international grade fertiliser successfully, this JORC resource estimate
is a significant milestone in the development of the Chilisai project. During
the course of 2010 and in tandem with the definitive feasibility study ("DFS"),
WAI will continue their review of the data for the remainder of the licence
area.
This news is further confirmation that the Company is achieving its development
programme outlined at the time of the Company's IPO in June 2008: trial mining
and beneficiation has successfully been producing 17% grade concentrate; pilot
phosphoric plant tests have proved the 17% concentrate can produce acid of a
quality to make ammoniated phosphate fertilizers and finally this resource
estimate demonstrates the project has sufficient ore to sustain annual
P2O5 output of 800,000 tonnes."
MINERAL RESOURCE ESTIMATE
The estimate below covers 40% of the Licence Area and is based on digitised data
for that part of the deposit only. Work continues to incorporate digitised data
for the remainder of the Licence Area with the intention of incorporating this
into the resource model.
cyril