Floated at 120p on June 08 raising 33.6m to fund the development of a fertiliser factory, has used $5.9m for adquisitions September 08 and said it still had $26.9m left at 30 June 09.

The company has a phosphorous rock deposit in Kazakhstan totalling 800 million tonnes capable of producing fertilisers for the next 56 years.
The deposit lies in a flat lying position on the Kazakh steppes close to surface so will be cheap to mine and the world still needs fertilisers.
Positive points
1. Shallow - 1 to 3m depth. Ultra low cost to extract.
2. Close to Tengiz oil field which has high sulphur content, hence cheap source of sulphuric acid.
3. Located at junction of two main railway lines giving direct access to Russia/China.

Sunkar is suppose to be one of the lowest cost producers in the World at sub $125 per DAP (die-ammonium phosphate) tonne. The average is circa $200 with some producers as high as $300.
The case for phosphate deposits is population growth means more agriculture means more fertiliser needed in the future.
RESUME SKR produce phosphate for DAP fertilizer and have licenses and acrage in Kurdistan to last 50-70yrs producing in excess of 100M tonnes of raw material each year. 160m shares in issue, directors own a significant chunk. Also they have a cheap source of sulphur required to produce the DAP

Phosphorus - its role and nature
Phosphorus (chemical symbol P) is an element necessary for life. Because phosphorus is highly reactive, it does not naturally occur
as a free element, but is instead bound up in phosphates. Phosphates typically occur in inorganic rocks.
As farmers and gardeners know, phosphorus is one of the three major nutrients required for plant growth: nitrogen (N), phosphorus (P) and potassium (K).
Fertilizers are labelled for the amount of N-P-K they contain.
Most phosphorus is obtained from mining phosphate rock. Crude phosphate is now used in organic farming, whereas chemically treated forms such
as superphosphate, triple superphosphate, or ammonium phosphates are used in non-organic farming.
The current major use of phosphate is in fertilizers. Growing crops remove it and other nutrients from the soil... Most of the world's farms do not have or
do not receive adequate amounts of phosphate. Feeding the world's increasing population will accelerate the rate of depletion of phosphate reserves.
and...
resources are limited, and phosphate is being dissipated. Future generations ultimately will face problems in obtaining enough to exist.
It is sobering to note that phosphorus is often a limiting nutrient in natural ecosystems. That is, the supply of available phosphorus limits the
size of the population possible in those ecosystems.

13 May 09 conference - fertilizers link about SKR ....minesite

Intraday
3 month Candlestick with volume

3 month Bollinger Bands,RSI, S Stochastic and 50 days MA

Charts - 2 days

Plus market trades Number of people who have visited this thread    

Being optimistic is great,but one must also be realiatic.
Tanker,I suggest that you check out the SKR website,then you will know as much as the rest of us.

chess .thanks i have read all the news on skr .and yes it is good company .
I just think that the pim and other news should be out by now it is almost end of year.
and it would be a nice start to the new season

rns .today and more rns shortly. looking good .

SUNKAR RESOURCES PLC

("Sunkar" or the "Company")
CREDIT LINE FOR CHILISAI PHOSPHATE PROJECT APPROVED
Sunkar Resources plc (AIM:SKR) is pleased to announce that ATF Bank Kazakhstan ("ATF"), a member of the UniCredit Group, has approved a credit line (the "Loan") for the Chilisai Phosphate Project in Kazakhstan. The Loan envisages ATF providing up to $15 million in debt financing for a term of up to 3 years, subject to finalisation of necessary documentation that includes providing security over Group assets.
It is expected that the Loan will be released to the Company in tranches based on certain operational milestones. On signing of the Loan documentation, $ 5 million will be available for drawdown by the Company. A further $10 million will be available for drawdown on Sunkar achieving certain sales of direct application rock ("DAR") and securing off-take agreements forcertain levels of itsDAR.
The Loan proceeds will be used to finance fixed assets and working capital for Temir-Service LLP, the 100% owned subsidiary of Sunkar, holding the subsoil use rights forthe Chilisai phosphate deposit in Kazakhstan and will not be available for meeting directly incurred expenses of the Company outside of Kazakhstan.
On 30 June 2010, the Company announced it had secured a three year Equity Line Facility ("ELF") of up to 10 million. Having secured the Loan finance for its Kazakhstan operations, the Company intends to draw upon the ELF to fund UK expenses. The Company currently has sufficient cash in hand to provide working capital until mid February 2011. As detailed in the 30 June announcement, the subscriptions will be priced at a 6 per cent. discount to the market price. Whilst any drawdown under the ELF is subject to liquidity and therefore there can be no guarantee that the whole amount can be drawn down, the directors believe this will be less dilutive to shareholders than alternative equity issuance at this time.
Subject to completion of documentation for the Loan and full drawdown of the Loan and ELF taking place, at the current rate of development, this will provide sufficient working capital until the mid-2012. In addition to the credit line from ATF and the ELF, the Company is investigating other funding options which include strategic equity finance prior to obtaining the project finance for the Chilisai project.
A further update on Kazakhstan operations is being prepared and will be released shortly.
Nurdin Damitov, Director of Corporate Affairs of Sunkar, commented:
"The credit line is the first debt financing secured by the Group and signifies a new stage in the further development of the Chilisai Phosphate Project. This financing ensures availability of funds to meet obligations under the Subsoil Use Contract and to provide additional working capital for increased DAR sales. The funding gives further flexibility for management to continue working towards the launching of the DAP/MAP Project which, combined with current negotiations with potential strategic partners through UniCredit Securities and in close cooperation with UniCredit AG on the project finance, demonstrates the impetus the project is gaining.
Additionally, this financing from a local Kazakh bank underlines the high level of support Sunkar's project is attaining within Kazakhstan, where its potential regional significance is very much appreciated."
For further information please contact:

Sunkar Resources plc
Sunkar Resources plc, through a wholly owned subsidiary Temir Service LLP, operates a phosphate rock mine in Aktobe Oblast, North West Kazakhstan. Temir Service LLP holds a Subsoil Use Contract to part of the Chilisai Phosphate Rock Deposit. The contract area is estimated to contain 800 Mt of phosphate ore.
Sunkar's strategy is to build a world class integrated ammoniated phosphate fertilizer plant with low operating costs. Sunkar's low cost base derives from its near surface phosphate rock deposit, access to sulphur from the nearby North Caspian oil and gas fields and regional long-term marginal priced gas.
The Chilisai Phosphate Rock Deposit is ideally located on a transportation hub that spans the agricultural markets from Western Europe through to China.
ATF Bank

ATF Bank is a subsidiary of UniCredit Group in Kazakhstan with the largest network among foreign banks, employing 4000 people. It offers a full range of banking products, strongly investing in product innovation and sophistication on the corporate sector and facilitating investment of local, foreign and cross border clients.
UniCredit Group

UniCredit Group, the strongest banking group in CEE, is represented in over 50 countries worldwide, with a core presence in Italy, Germany and Austria and Emerging Europe. With a network of over 10,000 branches and offices worldwide the first truly European bank serves more than 40 million customers.
This information is provided by RNS
The company news service from the London Stock Exchange

END

And from the abovejust a little longe?.
cyril,

A further update on Kazakhstan operations is being prepared and will be released shortly.

what does shortly mean in time ?

What I feel is particularly positive about this deal,is the commitment shown by the Kazakh government to this project.
We have a long time winner here IMO.

chess that is spot on . but would like the other news like this week

down over 7% bfs will be out by xmas .

What's a bf (bullfighter maybe??)

See 6th para. of today`s RNS - suspect will be included in `further update`....`will be released shortly`.

More pieces of puzzle/reasons to hold shortly....

this

RNS today???? Not on my screen. Link please.

It must be written in invisible ink!

take a look at yesterdays rns

Theres a board meeting this week so reading between the lines, probably some form of RNS after this (i.e RNS this week);
so lets hope it is next week

.

it is where the chart is going to go that matters not the old one . lol

I think Harry is trying to say that the trend line points to further gains.Hang in there,we have a winner here.

Yes. I haven't learned yet, how to put trend lines on a chart & to post it. Not sure if MAM charts are that sophisticated.
When I have a chart which accurately predicts the future, Tanker, you will be the first to know.

harry .i will predict the future skr 120pby end of feb