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    

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

Just came across this.
cyril

http://www.microsofttranslator.com/bv.aspx?from=&to=ru&a=http%3A%2F%2Fdiapazon.kz%2Faktobe%2Faktobe-economy%2F33782-ne-vykladyvajjte-vermishel-na-stol.html this is translation with Google not the best but some information about flour sell
advised investors Akim Yeleusin Sagindiky when listening to their reports on the launch of factories and plants.

Approximately 600 new jobs are created in the current year in the area: agricultural boosted industrial-innovative development (FIIR). The authorities are preparing to videoconference with Astana for 7 regions of the country tell the President what are plants and factories.

-From 24 14 projects have already been put into operation, the remaining 10 runs until the end of the year, "says head of Department of business and industry of Marat Balmuhany. Several companies are already operating in the planned capacity. Among them the Company LLP "Ramadan" gas turbine power plant neftebaza Aktobemunajfinans group "LLP" Sino oil. Go to produce own power plant vibration products LLP Spectransstrojkompani, brick plant "Aktobe-Stroymontazh LLP, Sital-2", as well as stone plant Temirol Kurylys Atyrau. Are ready to launch two more projects. This crushed stone plant Mugalzhar Neftestr and OJSC Aktobe Koktas.

LLP "kazakhturkmunai" and JSC "CNPC-Aktobemunaygas FIIR engaged in the recycling of passing gas. "Aktobemunaigas" until the end of the year will build a plant to produce oil, compressor station on downloading the raw gas at the pump station at Pavlodar and North Truva.

-Improve the environmental situation, these enterprises in the region, according to AMG JSC CNPC "Jenis Sejtpagambety. -Injection of gas will increase oil production. Works on preparation of oil will dehydrate and desalination of oil, commodity products. First plant is designed to produce 4 million tons of oil a year. Second at the same level.

LLP "kazakhturkmunai" completes the recycling of passing gas entering the plant.

-Power plants will produce 5 MW,-says the Deputy Director of LLP "kazakhturkmunai" ALMAT Kozhanov. -The planned volume of waste gas at gas installations is 10 million cubic metres per year. 2 million cubic metres per year, we deliver the population p. arkomys Bajganinsk area free of charge.

3 thousands of jobs promised a deposit based ilisajsk phosphorites. The finishes construction of new complex grinding and packing phosphorite flour, fertilizer for agriculture. Need for villagers in phosphorite flour is 300 000 tonnes per year. Millions of tons of goods ready to take on China.

-In 2007, we produced from phosphorite deposits ilisajsk up to 1 mln tons of ore per year, says Director of open company kasakhstan temit service Oleg Filippov. In March we began constructing complex for production and packaging of 280 000 tonnes per year phosphorite flour. Next year planning to build the second part of the plant. Further, a number of chemical fertilizers will appear.

rns mon or tues

The economy of Kazakhstan is the largest economy in Central Asia. It possesses enormous fossil fuel reserves as well as minerals and metals. It also has considerable agricultural potential with its vast steppe lands accommodating both livestock and grain production, as well as developed space infrastructure, which took over all launches to the International Space Station from the Space Shuttle. The mountains in the south are important for apples and walnuts; both species grow wild there. Kazakhstan's industrial sector rests on the extraction and processing of these natural resources and also on a relatively large machine building sector specializing in construction equipment, tractors, agricultural machinery, and some military items. The breakup of the USSR and the collapse of demand for Kazakhstan's traditional heavy industry products have resulted in a sharp contraction of the economy since 1991, with the steepest annual decline occurring in 1994. In 1995-97 the pace of the government program of economic reform and privatization quickened, resulting in a substantial shifting of assets into the private sector. The December 1996 signing of the Caspian Pipeline Consortium agreement to build a new pipeline from western Kazakhstan's Tengiz Field to the Black Sea increases prospects for substantially larger oil exports in several years. Kazakhstan's economy turned downward in 1998 with a 2.5% decline in GDP growth due to slumping oil prices and the August financial crisis in Russia. A bright spot in 1999 was the recovery of international petroleum prices, which, combined with a well-timed tenge devaluation and a bumper grain harvest, pulled the economy out of recession.

Russia being awarded the World Cup in 2018 can only be a big plus for Russia and help stimulate further investment.
I hold a smallish investment in Neptune Russia and Greater Russia.The price jumped 4.5% on Friday!-when many other markets struggled.

From todays RNS,looking good?
cyril

Serik Utegen, the CEO, commented:

"2010 has been a very busy year for the Company.

The weather and improving skills of our field crew has allowed us to complete the mining programme much earlier than we planned. We are pleased to acknowledge that we maintain compliance with the conditions of the SUC.

We are very pleased with the co-operation and support of the Government of Kazakhstan and by local authorities in the successful renegotiation of SUC Work Programme and would like to thank our management team for their contribution to this. In addition, we have recently been included in the State Support Programme for Accelerated Development and therefore we look forward to receiving further sustained support.

We are delighted to have finished construction of the first line of milling and loading complex which we plan to commission by end of the year which will enable us to manufacture standard compliant DAR. This will enable us to commence DAR sales next year. I believe that once Chilisai DAR, now an officially approved DAR product, starts to be supported by state subsidies, our sales potential for the 2011 planting season will be significantly improved.

We have collected most of the foundation data for the Bankable Feasibility Study. In the meantime our contractor, SNC Lavalin, has demonstrated its world class technical and organisational competence while performing complex engineering tasks. Currently we are progressing a review of the preliminary DFS data submitted by SNC Lavalin."