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Don't get carried away as the report mentions potash-not phosphate
Hi Beanpole. Yes still here waiting patiently. I don't like the lack of news.Even if we get some Earth moving news it is not going to be a big help in getting the sp moving. It just gives us more time for a partner or j/v situation. Halyck said a few months ago that it may take a year to get a buyer so we still have a long wait if they are correct.
http://fertilizermarkets.tumblr.com/ If only they would invest in SKR
I too am sorry to learn you have sold and thanks for your support over the months. I didn't like the extended time frame so sold a few yesterday and bought into REM -good move as SKR is down and REM is up 44% today. Some one on this board put me onto REM as he also sold and bought into REM NAI
Kazakhstan, Chinese company to build potash fertilizer plant By Aynur Jafarova Kazakhstan plans to construct a plant for production of potash fertilizer, Trend news agency said, citing the deputy Kazakh minister of industry and new technologies, Nurlan Sauranbayev. The Kazakh Ministry of Industry and New Technologies and China-Agro-Holding JSC agreed to build the plant during Chinese President Xi Jinping's visit to Astana on September 6 - 8, he said. "The Chinese company will be a partner in this project," Sauranbayev said. "As is known, China is one of the large consumers of potash fertilizer, which is why we will get a guaranteed market for our products." The project is estimated to cost nearly $1 billion, he said. "If the capacity of the plant grows, the project's cost may increase to $3 billion," he said. The chairman of the Board of Samruk-Kazyna Fund, Umirzak Shukeyev, and the head of the Board of Directors of CITIC Corporation, Chang Zhenmin, had earlier signed an agreement on the so-called "Investment map", which includes projects to be implemented in Kazakhstan jointly with China. The total cost of the projects to be carried out by 2020 is valued at $22 billion. Potash fertilizer is a vitamin for plants helping their normal growth. It increases productivity and boosts the resilience of plants against diseases.
China to Dig for Phosphates in Uganda They have finally got the go ahead for the lease in the last few days. http://globserver.cn/en/uganda/press/china-dig-phosphates-uganda Estimated total deposits stand at 230 million tonnes and cover an area of 26 square kilometres--(Far less than Chilisai) Kaz. much nearer to China than Uganda last line of article--"Worldwide, there is a high request for phosphorus fertilizer, particularly in China and India."
Speculative buying amid talk of an imminent announcement helped energy and mining minnow Sunkar Resources jump 3.26p or 64.33 per cent to 8.34p.
http://www.halykfinance.kz/en/site/index/research/report:85100 BP this is the last one from Halyk.
hxxp://vncouncil.wordpress.com/2013/09/03/israel-chemicals-to-develop-phosphate-mine-in-vietnam/ This part of the article is interesting.They only need to look further north east into Kaz.to discover the potential of SKR. "Last month, Israel Chemicals said it planned to grow the company by expanding its sources of potash and phosphate, which are two of the primary raw materials used in its products. Phosphates are key to the company’s food and agricultural products and engineered materials." Also they say-- "Israel Chemicals said the Vietnam project would not replace the company’s three phosphate mines in Israel’s Negev desert, but would reduce its dependence on them. The Negev mines are expected to exhaust their reserves sometime in the next seven to 10 years." SKR could really extend their scope for prolonging phosphate reserves for ICL.
Don't leave it too late MRM as Skr should announce the interims this month and due to the long silence of news, we may get a pleasant surprise. Good luck with REM.
in addition to the recent Indian/ Ghana one in my post on Tuesday. http://www.indmin.com/Article/3248915/Channel/19523/Israel-Chemicals-to-partner-Allana-Potash-in-Ethiopia-project.html
In the next 4 weeks we should get the Interim results and I am hoping that they will include some interesting and beneficial news. I queried with SKR the long silence of any news and was told to please bear with us.
There are some big deals being done as this huge j/v between Ghana and India for a large fertiliser plant shows.Kaz. is much nearer to India than Ghana,so a j/v like this could entice some interest from India. hxxp://www.ghanabusinessnews.com/2013/08/24/indian-fertilizer-plant-waiting-for-ghana-gas-supply/
Runner. Here is my link on KASE for SKR. http://www.kase.kz/en/shares/show/GB_SKRS I check the trading on KASE frequently and have not come across any trades so far. I wrote to KASE and asked why there were no SKR trades and they replied saying that SKR are in the 3rd category and that section is rarely traded.
Runner, Someone recently thought Nurdin only worked part time. The answer was that SKR is his full time job and that he and Serik put in well over 50 hours of SKR work each week Serik tends to be out on business quite a lot meeting people whereas Nurdin tends to spend most of his time in the office. OFF TOPIC for interest. Tonight should be good for the annual meteor shower. In addition to that the International Space Station is visible at 21.24 to 21.30 rising in the west and setting soth east. Also at 23.00 to 23 .04 It will be the brightest object in the sky travelling at over 17 th. miles per hour at a height of 250 miles.
The sale of the company to a strategic investor continues to be the most desirable exit route for the current shareholders and directors of Sunkar. However, in order to increase the reservation price, the company’s directors need to start executing the autonomous development scenario, which requires commitment of time and effort on behalf of management. We believe the sooner the company focuses on the execution of the latter scenario, the stronger would be its negotiation position with the strategic investor and the reservation price would move from the current value in the dilution scenario, we believe priced in now, to the higher value in the autonomous debt funded scenario. In the absence of credible steps from the management toward execution of the debt funded scenario, we value the company based on the dilution scenario, which assigns a fair price of 11.5GBp to Sunkar stock. Although our fair value estimate implies an 83% upside to the last closing price, we maintain our Hold recommendation as we believe exit will not materialize during the 12-month investment period. linhxxp://www.halykfinance.kz/en/site/index/research/report:85100k to full article.
Quiet. Perhaps this may help which I posted on another site. Plasybryn I have also had a reply. They have indicated that when news becomes available they will RNS it at the time.I assume that the next news could be DAR sales or news on the Earth moving contract in my opinion. Please do not forget that both Serik and myself are far the biggest individual shareholders in this company so we are the most concerned people to see the success of this project. Also,Skr is Nurdin,s full time job of which he and Serik devote many hous of work each week. They apologise in not being able to reply to all e.mails as it takes up a considerable amount of time which detracts them from the main aim of the business. However, we are working. Again, we are extremely committed to our common success.
T.T Could this be your trade- 12/07/2013 14:23 GBX/PLUS -32,412 @ 6.14p See---http://www.isdx.com/forcompanies/ourcompanies/companydetail/Trade.aspx?securityid=101904
into Potash. Let's hope they make moves on phosphates re SKR. link-http://globalnews.ca/news/704441/gensource-potash-china-team-up-to-develop-projects-in-saskatchewan/