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bazmercer

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About bazmercer

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  1. Kraken will pair ETH/GBP. Smaller market though...
  2. bazmercer

    Sunkar Resources SKR

    Detailed Feasability Study released DETAILED FEASIBILITY STUDY Sunkar (AIM: SKR) is pleased to announce that the Detailed Feasibility Study (the "Study") on its Chilisai Phosphate Project (the "Project"), compiled by SNC-Lavalin International, Inc. ("SNC-Lavalin"), has been completed. This is expected to form the foundation for a prospective project financing arrangement in due course. SNC-Lavalin believes that the Study is within a level of accuracy of +/-15% in respect of capital expenditure and operating costs. HIGHLIGHTS Project economics -- An estimated Project Internal Rate of Return ("IRR") of 14.1% after tax and 17.2% before tax, on a 100% equity financed basis. -- When discounted at 10%, the Net Present Value ("NPV") of the Project is estimated to be US$715.2m (after tax) on a 100% equity financed basis. -- Estimated EBITDA of US$278m per annum in 2017 and US$533m per annum by 2025. -- Total revenue over the life of the Project is estimated at approximately US$22.3bn. -- Nominal cash cost of DAP production is estimated at US$195 per metric tonne in 2017 and at US$232 per metric tonne in 2025. -- Nominal cash cost of MAP production is estimated at US$171 per metric tonne in 2017 and at US$219 per metric tonne in 2025. Capital costs -- Estimated total construction cost for both phases of the Project (including initial plant and final plant) of approximately US$1.94bn (escalated). -- Includes US$889.7m on Equipment & Material Supply, US$749.2m on Site Works, US$297.6m on Engineering and US$5.6m on Pre-Commercialisation ramp-up costs. Serik Utegen, Chief Executive of Sunkar, commented: "The Study outlines robust economics for this major Project with attractive IRRs, drawing on Chilisai's natural advantages of low cost mining, proximity to sulphur and well established regional infrastructure, as well as attainable markets both locally in Kazakhstan and internationally to Western China and through Black Sea ports. The Study has identified no major technical hurdles with the Chilisai Project and we currently anticipate announcing the award of the basic engineering contract in the second half of this year, leading to Stage I production by the last quarter of 2016." The Executive Summary from SNC-Lavalin's Study will shortly be made available to download from the Company's website at www.sunkarresources.com. As in all aspects of mining evaluation, there are uncertainties inherent in the interpretation of geological and technical data and economic factors. All conclusions and recommendations by SNC-Lavalin and the other consultants cited in the Study represent only their informed professional judgements.
  3. The problem with groupon is that it's easily replicated. I suspect it won't be long before google integrate the idea into adwords. They already have a "coupon" idea.
  4. Yup, looking very nice at the moment. Nice divi, nice rise. Glad I got in around $1. Though I imagine that's a lot higher than your initial buy!
  5. from 38 to 28 and still a pe of over 90...
  6. bazmercer

    Sunkar Resources SKR

    Well, after returning from suspension we have some positive news at last... About $850,000 for that. Hopefully these sales will see longer term offtake arrangements with the company. Assuming it is MMU that was mentioned in previous RNSes that bought the rock. You still in Burbelly?
  7. bazmercer

    Thorium

    http://www.guardian.co.uk/environment/2011/nov/01/india-thorium-nuclear-plant "India plans 'safer' nuclear plant powered by thorium"
  8. bazmercer

    Sunkar Resources SKR

    I feel sick
  9. bazmercer

    The Best of Youtube - Music

    http://www.youtube.com/watch?v=MrgPOE0Yoi8
  10. bazmercer

    Condor Resources PLC

    hopefully that was the bottom, not much of a trader so kept tight
  11. bazmercer

    Condor Resources PLC

    weeeeeeeee!
  12. bazmercer

    Sunkar Resources SKR

    Nice volume and rise today. Are we off on Monday?
  13. bazmercer

    Condor Resources PLC

    same here, got in a little late though - 2.4 ish
  14. bazmercer

    GOLD

    come on 1300...
  15. bazmercer

    Sunkar Resources SKR

    Looking good. We have resource, money, adjusted subsoil use contract... Sunkar Resources plc (AIM:SKR) is pleased to announce that it has secured a three year Equity Line Facility ("ELF") of up to GBP10 million with Dutchess Opportunity Cayman Fund, Ltd ("Dutchess"). The ELF has been arranged by First Columbus LLP ("First Columbus"), Dutchess's joint venture partner in the UK. The ELF offers the Company ongoing access to capital as it enables the Company to obtain funding from Dutchess at any time during the next three years by way of subscription for new ordinary shares in the Company. Subscriptions will be priced at a 6 per cent. discount to the market price and will take place at timings and intervals and in sizes determined by the Company, subject to the agreed mechanisms specified under the ELF. The ELF may be drawn down in tranches linked to the Company's average daily trading volume in the three days prior to the notice of draw down or in other specified amounts. The Company is able to specify a minimum acceptable price for each tranche to prevent shares being sold in the market at an unacceptable discount. In consideration for the ELF, Sunkar has agreed to pay First Columbus LLP a Commitment Fee and issue Dutchess and First Columbus LLP 1,000,000 warrants in aggregate with an exercise price of 30 pence, being a 50 per cent. premium to the Company's middle market closing price on 28 June 2010. Donald Sinclair, CFO of Sunkar Resources plc, commented: "alongside our existing funds, this facility will allow the Company to continue its rapid development. Importantly the facility allows the Company flexibility to draw only as needed and therefore protect our shareholders from unnecessary dilution".
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