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    

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.

chessplayer

>>> I couldn't resist picking up a few more on Thursday.

very well timed then, as is now on the BREAK OUT with 45.25p

to my way of thinking,this has been a much neglected stock . Possibly largely on account of it being in Russia. I note, however, that the Russian market has really picked up in the last month or so.

make know mistake these will more than double on rns.

11th for rns

Some profit takers this morning,but the buyers now seem to be coming back to the plate.

good tip. check your recept when buying at any retail outlet. scam money back but they do not tell you so check before leaving till. it is happening most at sainsbury then they pocket the cash if you do not notice if you have left then it is to late money gone

And the relationship of all this to the price of putty is ??????????????????
Answers on a postcard.

I think Tanker has a bit of a persecution complex. First BARC now SBRY. You just wait when he has to go & treat the lawn, when even the potash/fertilizer producers will come under the evil eye! ;o)

The mind boggles!

....

as for SKR i am still adding.

Back to the familiar pattern. that is, all buying but down a touch.

next week is the start of big things next step 120p first then up and awway

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

some very good posts on iii

A few very good ones, a hell of a lot of totally rubbish ones. Makes for a good read though.