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

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halifax

re - (2-3YEARS) before they actually produce any fertiliser by which time the current problems in Russia will have been resolved.

Your prognosys is as BAD as YOURSELF.

If you had any idea how the market works, you would not say that on post 18.

No matter if producing or not, market values at prices at the moment, and one example of it is when OIL prices moving higher, oil companies share price will do the same, no matter if producing or not.

Prognosys:

Think positive and you will go a long way

Think negative and someone will order a box to place you 6 feet under

oh master what a nice chap you are, merely pointing out that SKR are unlikely to produce any fertiliser for at least a couple of years , based on the RNS issued by them earlier this year.

I like the analogy about thinking positive and the box 6 feet under.Life is certainly hard on the faint hearted!
The drawback with SKR seems to be getting up to date news.The last post on their own site was nearly 6 weeks ago. Not good enough

more about wheat prices moving higher

From the TELEGRAPH

Food inflation is a rumble that won't go away
Is the era of cheap food coming to an end? With wheat prices jumping 20pc last week after the failure of the Russian harvest, fears of an imminent food shock have once again emerged.

By Garry White -- 08 Aug 2010

Things aren't as bad as they seem. The current steep jump in prices is likely to be temporary - but the long-term outlook looks very different.

A number of fundamental things are happening that means in the long term, food prices are almost guaranteed to rise. The number of mouths that need feeding is rapidly increasing and the regions with a booming population are where arable land is scarce.

The failure of the Russian wheat harvest has caused a temporary spike in prices, but these high prices won't last for long because of excess production in China and the US.

"Global wheat ending stocks are forecast to decline from 193m tonnes in 2009-10 to 178.8m tonnes in 2010-11," says Luke Chandler, an agriculture analyst at Rabobank. "The relative small decline in global ending stocks is due primarily to a 6.9m tonne surplus in Chinese wheat production and higher-than-expected US production."

This means that the global stocks/use ratio, which measures the proportion of a year's wheat consumption that is in storage, is forecast to be 23pc at the end of the current year, says Mr Chandler. This is well above the 18pc seen in 2006-07 and 17pc in 2007-08.

Current supplies, therefore, look sufficient to meet the Russian shortfall with US farmers gaining from Russia's woes.

Another reason that prices won't stay high for too long is that farmers can easily rotate to different crops.

It takes years to discover and mine a new source of gold or nickel, but a farmer can plant different seeds and boost supply in just one growing season. If the price of wheat remains high, this will prompt farmers to plant more lucrative crops and supply will increase. This will lead to lower prices.

So, the current price spike should not be a cause of great concern. But looking further ahead, there are reasons to worry. Global fundamentals are supportive of a long-term rise in the price of food.

At the moment there are just under 7bn mouths to feed around the world. The United Nations (UN) believes there will be more than 9bn people by 2050. In fact, the UN's Food and Agriculture Organisation (FAO) forecasts that total world demand for agricultural products will jump 60pc between now and 2030 rising much more rapidly than the population.

This rapid increase is because the areas of the world where the population is rising the fastest are also the areas of the world that are moving out of poverty.

Demand for grains in emerging markets increases more than the population because of one simple fact richer people eat more meat. This increases demand for grain feeds for livestock over and above that used for human consumption.

The areas of the world that are expected to have the largest increases in population in the next two decades are Asia and the Middle East.

According to Standard Chartered, Asia is the world's largest food supplier but the possibility of dramatic increases in supply may be limited. That's because there is little land to spare and production is already quite intensive, with good yields.

Things are worse in the Middle East. Studies by the FAO have shown that the region imports more than 50pc of its consumed calories every year. This proportion is expected to increase substantially as its population rises.

According to the CIA World Factbook, a staggering 38pc of people in Saudi Arabia are under the age of 14, compared with just 16.5pc in the UK. This difference in demographics between the region and the West is why the population is rising faster. In the UK, the population growth rate is just 0.28pc, compared with 3.56pc in the United Arab Emirates, 3.5pc in Kuwait and 2.71pc in Yemen.

The reason that the Middle East has to import half of its food from abroad is because of its lack of water.

One tonne of grain requires 1,000 tonnes of water and, according to Standard Chartered's analysis, with agricultural production currently consuming 70pc of all freshwater available globally.

The Middle East may have a lot of oil but it does not have much water. Recent price spikes have raised concerns about food inflation in the short term. It's likely that prices will ease because global stocks of wheat are not as tight as the recent jump in futures contracts would imply.

However, the fear of food shortages has emerged for good reason you should expect prices to be on a slow trend upward for many years to come. But the real concern should be for those living in rapidly gentrifying areas of Asia and the Middle
East.

Shiny future for copper prices

The future is looking shiny for copper prices, according to analysts from RBS. They have noticed that the mining companies have been underperforming in relation to their production targets.

"Despite improved copper demand, an over 160pc increase in the copper price from its 2008 low and that fact that 99pc of the industry makes healthy cash margins at 2010 average prices, second quarter output by most of the major copper producers declined on a quarter-on-quarter and year-on-year basis," said Daniel Major and Nick Moore. This is bullish for prices, which have risen 19pc in the past year.

Tin reaches two-year peak

Tin has crashed through the $20,000 per tonne price mark, reaching a two-year high.

Its bounce has been caused by constrained supplies, particularly in declining exports from Indondesia, the biggest global exporter.

This has led inventories at the London Metals Exchange to decline, with stockpiles falling by 50pc since their seven-year high at the beginning of the year. Demand from manufacturers has been rebounding, especially in the Japanese electronics sector.

The chart has change on the trend into UPTREND with a bullish MACD

Credit Agricole has increased its holding in SKR to over 3%.
A good sign

There seems to be a good deal of buying interest,but stock is marked down 1 point.
The fact that the market is having a down day seems the likely reason.

That is right the Market being down does not help

there is a few large buys as the price goes to 20p offer

Phosphates Underpinned -
Moroccan and Tunisian DAP prices are up slightly to US$475-480/t fob.
As with ammonia the tight market is being supported by rising grain prices.
Demand is robust with only SE Asian buyers remaining on the sidelines.
The market is awaiting the outcome of the appeal by Mosaic in relation to its South Fort
Meade mine extension. This could result in a potential loss of c1mt of finished phosphates. Such a loss would further tighten the DAP market.
This is underlined by the likely delay of Ma'aden exports, which FMB reports are now not expected until mid 2011 at the earliest.

Potash Slow to Respond -
As reported last week, potash demand is robust, e.g. Brazil, Indonesia, Malaysia and Europe are reported to be running at 90%-95% of 2006/7/8 levels.
US demand is also strong. However, pricing remains somewhat lacklustre and is broadly unchanged.
In other news the Russian Government has stated it will not introduce a 5%-15% export duty on potash.

Grain Prices Continue Their Bull Run -
In the last week, wheat futures are up 25%, corn is up 6%, rice is up 8% and soy is up 3%.
Ytd, wheat is up 42%, corn is down 4%, soy is down 2% and rice is
down 26%.
Further grain price rises bode well for fertiliser demand as farmers seek to increase acreage and maximise their yields.

A fall on share price once again, though yesterday was volume buying, the order book is again the one that makes the prices and MMs on a down market like today and yesterday, are not afraid on putting the prices on their favour.

I will not surprise if they are taking it down again for a double bottom on the chart.

They're just playing games with it hoping PI's will sell common with many other stocks atm

It looks like we are going to pay for it with bread and beer prices soon if it carries like this .........


Pakistan wheat crop at risk, says FAO

Pakistan food pricers have started to rise sharply and the upcoming wheat crop is now at risk following the monsoon floods, the United Nations warned today (11 August).

The UN's Food and Agriculture Organisation says 100% crop losses have been recorded in many areas and tens of thousands of animals have been killed.

Nearly 700 000 hectares of standing crops are under water or destroyed and in many cases surviving animals are without feed.

The FAO says the upcoming seasons wheat crop is now at risk in a region that is the bread basket of the country.

oh master do we import wheat from pakistan?

One thing is for sure,the ratchetting up in the pressure to maximise crop output will continue to grow ,especially in view of increasing problems in world weather ,to say nothing of the increasing population issue.You can bet your life that this baby(SKR) will be looked at by some of the bigger players. The fact that it has not already been snapped up can omly be because it is not yet fully operational.

From a farmer type point of view, fertilizer in general has gone from 100/ton to 400/ton in the last few years. Also a very big ICI fert plant closed a few years back at Avonmouth through lack of demand and cheaper imports. With sale prices of less than 100/ton for Wheat for the farmer, sprays and fertilizers are being cut back to miminal input. A sign of the times I'm afraid and goverments burying their heads in the sand in the hope that the seasonal harvest will be enough to feed the ever increasing population. You only have to look around the country side and try to find a dairy cow to see where we are with british milk production.....most of it imported from Poland, therefore no animals needing grass means no fert needed, what grows naturally is sufficient. Just a farmer point of view. BB

Wheat prices have risen from about $450/ton to about $700/ton in the last couple of months,having peaked at over $800. I can't imagine that the future price will be anything but lower.

can only speak from a british point of view and why we're not spending. BB
edit: that wheat price is a trading price, not what the farmer gets...big difference.

True enough,but big business is behind a large % of the farming these days and they must wield a heavy stick I would have thought.

The likes of Tesco, M&S ect, make our farmers jump through hoops so as they can say the product has been produced correctly, usually at a great cost for maybe
1-1.5p extra on the average milk price. It's down to the farmers concerned to produce it efficiently.

halifax

re - Pakistan shortage of wheat - It looks like we are going to pay for it with bread and beer prices soon if it carries like this .........
re - oh master do we import wheat from pakistan?

Or dear dear, did anybody told you that you have a brain as BIG as a PEANUT?

I will explain or go to school as you can not see further than you NOSE.

Shortage of wheat in many places already,
now Pakistan also,
means they will have to buy from somewhere else,
so meaning demand for it,
so prices up Worldwide,
>>>>>> meaning paying more for BREAD and BEER.

Now Keep your mouth SHUT and no FLIES will get in.
or maybe better ask for a BRAIN transplant.