Sunkar Share Discussion Threads

[one day soon1] 04/8/2014 13:09

Hi Bossman THURSSDAY 07.00 is the timetable for de listing

[bossman1978] 04/8/2014 13:04

Is the delisting still happening this week? I have not received any information on this

[hereford29] 04/8/2014 13:02

If it is true, then someone from the auditors will know the truth who is not being paid for keeping it quiet.

[augustusgloop] 04/8/2014 12:21

The auditors are shown invoices.
It is very difficult in somewhere like Kaz to prove that those invoices are genuine.

Getting access to the books is impossible without proof.
Getting the proof is impossible without access to the books.

See the history at RCG for a prime example of this.
A major shareholder tried via courts to gain access and was denied.
They paid over £70m for a company with no assets - except a contract to supply RCG product.
It appears that the contract was never honoured.
The company was then sold for about £10k
Once gone - nobody could get access to its books.

[hereford29] 04/8/2014 12:12

Yes, yes Augustus, I know the theory from your previous posts here, but sadly I didn't see your posts a couple of years ago in time to question it by direct conversations with members of the Board and the external auditors (which would indeed have been possible at the time) and draw conclusions then sell up. But what matters to those of us left holding shares is now, and proof. If there is a trace in the books and bank statements, then then an investigation into these by auditors is possible, and if the report and accounts are not factual, and hide the actual flow of money, then it is possible to take action against the auditors not only the company. If it is a fraud, someone in Deloitte must know that it is a fraud and it is possible to get them to talk.

[hereford29] 04/8/2014 11:47

If that last statement is true, can you prove it?

I believe that the plant will be built and that a partner will be found for the project.

[augustusgloop] 04/8/2014 10:41

simple - yes!

Let's say they can sell it for $200 million.

Small PIs still own 15%
That's equivalent to $30m

SAPC can then take you out by transferring the asset in payment of outstanding loans.
And get the full $200 million for themselves
Or they can let you have your fair share.

So, for something that will take one of their admin staff about a week - they can make an extra $30 million.

And you think that they won't do it!

--------------------

The idea that they actually bought 51% is just gullible nonsense.
they have controlled the money into and out of SKR for its entire life.

[one day soon1] 04/8/2014 10:36

For those that are interested I have now spoken again with a brokerage in Almaty and they are emailing me the instructions to open an account! and NO you don`t have to go to Kazakhstan in person! GLA

[one day soon1] 04/8/2014 10:35

I just don`t understand your motives! Why would they seek to destroy a few small investors! You make it sound ridiculous. Why did they make the offer in the first place? why did they buy 51%
Because somewhere down the line they want to make a lot of money. Simple!

[augustusgloop] 04/8/2014 10:29

That's all very well if you trust them.

Have they proven to be trustworthy so far?

They can wipe you out at any time.

Either by transferring the mine to SAPC in payment of the loan
Or by issuing new shares at 0.1p to raise more funds from SAPC - taking them above the 90% level and forcing you to sell for that same 0.1p

[one day soon1] 04/8/2014 09:40

OK There are stock brokers in KAZ That we can deal with and speak in English. I spoke briefly to someone there today. I just need to find out what is needed to open an account!!
My feeling is this: SAPC Bought 51% of the company at close to 5p a share and another large proportion at 1.853p pus expenses plus other loans made to the company. They also listed on KAZ for a reason! They didn`t do all this for fun! They either want to build this fertiliser plant or sell the company on. They may already have a buyer!
So what I am trying to say is that thinking this through then letting them transfer our shares to KAZ may not be the end of things and we could well be in a much better situation in time with these shares?

[faza3] 04/8/2014 07:05

SAPC wishes to remind shareholders in Sunkar Resources plc that its offer made on 17 June 2014 and declared wholly unconditional on 9 July 2014 remains open for acceptance until further notice.

At least 14 days' notice will be given if SAPC decides to close the Offer

[one day soon1] 04/8/2014 06:31

hxxp://www.kase.kz/profmarket

The above is a link to Trading companies on KASE
I will try and contact one of them today and let you know findings!

[one day soon1] 04/8/2014 06:19

dan, why would it be detrimental to SAPC?

[augustusgloop] 03/8/2014 23:12

the broker still holds your share certs (electronically) then transfers them to SAPC in exactly the same way as if they were listed.

You only need to change to another broker if you intend selling them on the KAZ exchange.

If you just want to hold - you just ask for a paper certificate.

[danandrews] 03/8/2014 22:24

The listing on KAZ was a pre-condition to the investment by SAPC.

Something is a miss here. Were SKR to de list from AIM on Thursday the vast majority of UK based PI's would have to change broker. This would have an impact (which would be detrimental to SAPC) on those PI's that actually accepted the offer. In that the share certificates would be posted out, as far as i am aware when offers are accepted the acting broker takes control of the share holding until the offer price closes. The funds are then added to the relevant account. The issuing of certificates would surely then enable the PI's to retain the shares or sell at a later point using an alternative broker.

SKR delisting prior to the offer closing would surely not be to SAPC advantage?

[paulb10] 03/8/2014 18:22

thanks one day

[one day soon1] 03/8/2014 18:16

Paul. This site wont automatically disappear! Its our money and the Directors that will do that! lol

[paulb10] 03/8/2014 17:52

If they delist from the aim then will this site automatically disappear, I hope not!. If so what other venues are available for discussion. This is important two heads are better than one.

[one day soon1] 03/8/2014 15:55

So what happens in the next 3 days?
Anyone know?

[wilba] 03/8/2014 07:38

Elban,

Never did agree with your analysis but also sold in the 30-35p range. You were right for different reasons perhaps. Lol.

Kazakstan never was such a good bet.

What needs to be understood here is the fertilizer is still there but the SKR BOD were never here to work.

[paulb10] 02/8/2014 23:52

interesting

[augustusgloop] 02/8/2014 21:32

paulb,

There is a good chance that the asset is worthless.

Shareholders haven't got a chance!
Never did have.

What does it matter if you sell now for 1.8p or hold out and get 2p?
[Or nothing.]

I was saying sell at 35p!