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    

Well here's the news.
cyril


Sunkar Resources plc (AIM:SKR) is pleased to announce that the first of two lines of its Milling and Loading Complex ("MLC") at the Chilisai site was officially commissioned on 21 December 2010. The plant has received all official approvals and passed authorities' inspections, and the Deed of Commissioning, the approval required to run an industrial installation in Kazakhstan, has been duly executed. Once completed, the MLC has a production capacity of 200,000 tonnes of Direct Application Rock ("DAR") per annum.

The Chilisai MLC and DAR project was recently included into the Kazakhstan Government Support Program for Accelerated Industrial Development (the "Program"), and the official switch-on ceremony was conducted during a live teleconference by the Government of Kazakhstan. Among 8 distinguished projects, the Chilisai MLC was selected for switch-on during the teleconference, a country wide event organised by the Government to raise public awareness of the Program's progress and broadcast on all major national television channels.

21 December 2010 was designated as "Industrial Day" in Kazakhstan. 80 new industrial plants were commissioned countrywide within the Program. The President of Republic of Kazakhstan, Nursultan Nazarbayev and members of the Government attended the live teleconference presenting the most important new industrial projects.

During the teleconference, Nurdin Damitov, Director of Sunkar Resources and General Director of Temir Service LLP, reported to the President of Kazakhstan:

"This project has a goal to increase food security of the country. We have conducted field trials and obtained the following results: grain yield increased by 30%, and oil crops by 50%. Prices for our Direct Application Rock will be very competitive with those of other manufacturers".

In congratulating the Chilisai DAR project team, President Nazarbayev specifically emphasised the importance of phosphate fertilizers for agriculture in the country.



A recording of the teleconference can be seen using the following link: http://kaztrk.kz/rus/news/news.php?SECTION_ID=97&ELEMENT_ID=48940.



Nurdin Damitov, Director Corporate Affairs, Sunkar Resources plc commented:

"It was an honour for Sunkar Resources plc that the Chilisai DAR Milling and Loading Complex was selected for switch-on during the Governmental media event with the participation of the President of the Republic of Kazakhstan. It signifies the importance of Chilisai DAR and the Chilisai Phosphate Fertilizer Project for the local community and the country."

Commissioning of the DAR plant is the start of the development of an integrated Phosphate Fertilizer Project at Chilisai.

Sunkar intends to announce the preliminary results of its Bankable Feasibility Study for the Chilisai Phosphate Fertilizer Project shortly, in early January 2011.









For further information please contact:

Sunkar Resources plc



Serikjan Utegen, CEO
Tel: +44 20 7930 8678

Donald Sinclair, CFO








Canaccord Genuity Limited



Andrew Chubb
Tel: +44 20 7050 6500

Bhavesh Patel








GMP Securities Europe LLP



Andrew Young
Tel: +44 20 7647 2800






Bankside Consultants



Simon Rothschild
Tel: +44 20 7367 8888

Louise Mason








Editors Notes



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.



Kazakhstan Government Support Program for Accelerated Industrial Development (the "Program")

In accordance with the wishes of the President the Program started on 1st January 2010. The main goals of the Program are national economy diversification, development of hi-tech and high added value industries, increase of non-raw-material exports, and facilitation of small and medium-sized businesses. In the first year of the Program being implemented, 152 industrial plants were introduced with investment totalling more than USD 5 billion (72 plants were commissioned in the first half of 2010). These projects created 24 thousand jobs. In his speech, the President noted that the strategy has started to bring benefits: at the end of the 2010 the GDP increased by 7%, industrial production - by 10%, manufacturing sector - by 19%.

and only up 5 percent . very poor response. but i am going to buy more next week

there is certainly solid buying coming in.

Now hovering close to 40. A key breakthrough point.

post 190 was correct .

have been told news will be excellent .
better than they thoght.

Tanker
What is your source?

the same person who told me news in jan not this year . and he was correct .
the same person who told me to buy . happy new year to you .
happy new year it will be

Still looking good.

Tanker just a couple of points,
1st You'll only know in Jan whether he's correct?
2nd Those poor sods who bought at 120p were such as the crown prince of the Emirates
etc,it taked on opening.

More to the point,
l Looking good as harry points out and news will be welcome in Jan,especially good news.
cyril

And,most important of all,is the urgent need for huge increases in the usage of fertiliser related products in order to address the shorfall in world crop output.

The stock has been marked down by a point this A.M.,but all the trades so far look to be buys

Watch out for 40. At 39.5 on 500 k trading (95% buys)

Very impressive chart,i wonder what the SP will reach on news?
cyril

Steady as she goes and a higher BREAK OUT

The buying has resumed this morning,although the price down on the open at 40.Looks like another up day to me

IMHO, the SP will shoot up in the new year. The last RNS is very +ve and due to holiday period, it has been ignored but come Tuesday it will move North very quickly. Volume has picked up and the charts are indicating a move North as well. Do your own research. This is not a recomendation but my honest opinion.

Same pattern as yesterday.A lot of buying ,but marked down until the end of the day,when it is suddenly up 1.5 at 42. Some MM trick I expect.

next week for rns

this week will be last chance at this low SP

Let us hope so. I couldn't resist picking up a few more on Thursday.