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    

think of those that listened to the company and bought at 120p plus inflation they have paid over 145p

rns must be close insiders are buying .

Although not yet reflected in the price,there appears to be a renewal of yesterdays buying interest.

some buyers must have been given the nod .i do not like insider news for the ffew it stinks

Volume hardly scintillating!

Yes,that is the problem,but at least mostly buying is positive.

so news on the street rns next week.

only 6 more trading days left

two weeks have now passed since last rns saying news soon . do they know what soon means

Imminent is up to a month,so soon, 6 weeks maybe? Timescales pn such indusrties
are have an different meaning than to the normal everyday run of things?
Chill out,not so importent unless your looking for a quick profit?

cyril

Shouldn't have much trouble chilling out with this weather!
Mind you,it is probably worse in SKR land!

there is nothing wrong with the weather it is dec .it is just bad in britain because the tem goes above zero then it thaws a little and then ice and no one can do anything about that no matter what country it is FACT . global warming is a joke

Well,whatever you call it,we certainly have dramatic cvhanges underway in world weather patterns.
Unfortunately ,it is becoming increasingly erratic

in 1961 and 63 and 64 it was a dam site worse than this

any way merry xmas to you all.

A merryCchristmas to you all too.

Came across this.
cyril

Positive Candidate -Medium term, Dec 13, 2010 Analysis Explanation
SUNKAR RESOURCES PLC is in a rising trend and a continued rise within this trend may be expected. In addition, the price has now fallen back towards the floor of the trend channel, which should give a reaction up. The stock has support at pence 28.00 and resistance at pence 37.00. The stock is assessed as technically positive for the medium long term.

it is now clear that the news is will not be this year. poor management ? remember they said 120p was a good for skr now 33p . feel sorry for those that paid 120p plus poor sods

I now think that the rns will not be good .taking to long to bring them out .

This news from a week or 2 back.I've seen it before,but could not find it on the thread.


StockMarketWire.com - Phosphate miner Sunkar Resources plc said it has achieved its revised 2010 mining target of 1m tonnes of ore earlier than planned.

In an update on operations and development of its Chilisai Project in Kazakhstan, the company said that so far 236,000 tonnes of 17% concentrate had been produced as feedstock for the milling complex.

It was currently commissioning a new milling and loading complex.

Sunkar said it was negotiating with farmers in Kazakhstan and Russian fertiliser plants on phosphate rock sales for 2011 and had applied for the inclusion of Chilisai direct application rock (DAR) in the Kazakh subsidised fertiliser list.

The Chilisai DAR Project has been included in the Kazakhstan government's support programme for accelerated development. Potential benefits include tax reduction, lower customs duties, fast-track document turnover with the authorities and additional infrastructural grants.

Temir Service LLP has negotiated a $15m credit line from ATF Bank, the Kazakhstan member of UniCredit Group, to support operations during 2011.

Sunkar has established a new wholly-owned subsidiary in Kazakhstan, Chilisai Chemical LLP, which will build and own the future fertilizer plant.

Preliminary results from the Bankable Feasibility Study were expected to be released before the end of 2010.

CEO Serik Utegen said, '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.'

Sunkar shares were up 0.75p at 34.75p.
Story provided by StockMarketWire.com

Not a lot of trade,but appears to be all buying.
At any rate,up another .75 at 35.75