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

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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."

very good rns next year is goin to be reat. i am going to buy more.

Initially up 3,but sellers have arrived on scene,currently down 2.5 at 31.5
However,could be hang onto your hats time very soon.

Tend to afree with you lads,the sell on news brigade out in force and the mm's have imo taken advantage?
cyril

unless you had the prescience of one of the prominent members (i never said large erect penis!) of this BB and bought mid year, this has been a very disappointing stock bearing in mind the strength of most others in the commodity sector

i have watched sporadically but do not hold

Now had you bought at 18p?
cyril

see above :-))

I think that they will be up on the day.
Very brisk trading.Remember,too ,that eastern stock markets are down today.

My 32p 'buy' has triggered early this morning (been on the system now for a week) so am happy to sit on this stock now until the spring, when the new season demand for fertilizer kicks off. Barring unforseen circumstances I would expect this to be near to 1 by end of 2011. (better than any savings account currently available! ;o)

why should sp be at that level? ...... it did nothing in 2010 and i don't see anything much to have changed

i do disagree wit you .but i do agree management are very lacklustre

Tanker they completed the mining "much earlier than expected",hardly the result of a lackluster management?
As the saying goes Rome wasn't built in a day,a lot of patience is required in sch hugh mining projects.Still several years to the completion of the inferstructure to bring to full production,always worth holding some as a bid could happen with such a project?
cyril

We are talking about avoiding mass world starvation.Anybody who thinks otherwise should get their head out of the sand.
Fertilizers provide the best bet to dramatically increase output. No matter which way you slice it,either food production is dramatically increased or tens of millions are going to starve.
It is clear that SKR has the support of the Kazakh government. Like Cyril says Rome wasn't built in a day.

am i not correct in saying that sunkar's resource is very low grade?

nice until we get te BFS and PIMS we are goimg nowhere. but happy to hold

the good news is that there are only 13 more days left in this year .

looking back at the company . they did a placement at 120p
so those that bought are over 102p down because of inflation
it does not say a lot for the way the company is run.
it says that the board need to get this news out soon and it needs to be good .
we can now see why investers do not want to buy into SKR .

and today a little buying is there a leak out.

More likely a belated reaction to the last bit of news,but hey who knows.I am still of the opinion that we aint seen anything yet!