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A new era for SUNKAR RESOURCES with phosphates growth (SKR)     

Master RSI - 07 Feb 2010 22:42

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
Chart.aspx?Provider=Intra&Code=SKR&Size= 3 month Candlestick with volume
Chart.aspx?Provider=EODIntra&Code=SKR&Si
3 month Bollinger Bands,RSI, S Stochastic and 50 days MA
big.chart?symb=uk%3ASKR&compidx=aaaaa%3A
Charts - 2 days
big.chart?symb=uk%3Askr&compidx=aaaaa%3A


Plus market trades Number of people who have visited this thread    

TANKER - 17 Jan 2011 08:01 - 258 of 754

dont forget to tell investers that they also put out a
IPO at 120p now 46p that was over 2 years ago so the managemnet are not that good .if you where one of those poor sods that bought at 120p . very poor deal

niceonecyril - 17 Jan 2011 08:21 - 259 of 754

Tanker,the reason it tanked was all to do with timing,it floated at the worst possible
moment.Might do some good if check out the dates?

TANKER - 17 Jan 2011 08:25 - 260 of 754

niceone.
dates to this company are a big joke .
did they mean early 2011 or even 2012
lets be honest do they no what they are doing .
they are becoming a joke on rns.

TANKER - 17 Jan 2011 08:26 - 261 of 754

if they worked for myself they would now be on the dole.

niceonecyril - 17 Jan 2011 09:06 - 262 of 754

I was referring to the colapse at 120p,which came at the worst of the credit crunch,as far as other timescales,i'm pretty chilled out as it's one massive project.IT TAKES TIME, slowly but surely the're getting their,so try and understand whats involved, be patient and you will be amply rewarded.

TANKER - 17 Jan 2011 12:46 - 263 of 754

nice. i bought CEY in o7 they just kept going up .

TANKER - 18 Jan 2011 12:53 - 264 of 754

all i can say is SXX must have good management our management cant even keep to any time scale

TANKER - 18 Jan 2011 13:03 - 265 of 754

I sold sxx to buy into these my mistake

chessplayer - 18 Jan 2011 13:45 - 266 of 754

What you rate as a mistake,I rate as a fantastic buy.Up 150% in a few months.

niceonecyril - 18 Jan 2011 13:54 - 267 of 754

CP,
Exactly and a lot further to go imo,if only it was as easy as tanker seems to think?

TANKER - 18 Jan 2011 14:07 - 268 of 754

on paper or what we have been told by both companys with sxx at 21p skr should be over 100p why is it not because management can not keep to there words

HARRYCAT - 18 Jan 2011 14:17 - 269 of 754

Ugh!.....Made your point....move on.

TANKER - 18 Jan 2011 14:22 - 270 of 754

looking at the trades in the last 20 mins some thing as leaked

TANKER - 18 Jan 2011 14:25 - 271 of 754

The Flag Counter on the ADVFN has recorded a visitor today from guess where?

Khazakstan...

Read into that what you will.
--------------------------------------------------------------------------------

chessplayer - 18 Jan 2011 15:11 - 272 of 754

Beginning to sound like a broken record

chessplayer - 18 Jan 2011 16:25 - 273 of 754

50p - a good price to hold

TANKER - 18 Jan 2011 17:35 - 274 of 754

ches . just for you i am over 17k up not bad hey. but not selling will buy more tomorrow

TANKER - 20 Jan 2011 10:58 - 275 of 754

going down . the company is now a joke . soon be feb

HARRYCAT - 20 Jan 2011 12:37 - 276 of 754

Rubbish. Nearly the whole market is down.

chessplayer - 20 Jan 2011 12:43 - 277 of 754

The trades going through suggest that there is at least as much buying as selling going on.
Just one of those days that you have to put up with.
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