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    

And get off your soap box.
You are a pain in the ass!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.
Is that enough exclamation marks to make my point?
I could add a few more !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
How is that!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And get off your soap box.
You are a pain in the ass!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.
Is that enough exclamation marks to make my point?
I could add a few more !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
How is that!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I posted the message twice. Just in case uou didn't get the message the first time.................................!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

why are they holding back the PTM they have had the bfs for over 40 days .
are we about to get massive dilution

Solid buying this morning,despite the price being down a touch

lr you will get no answers here sorry to say.

The cost of DAP production remains the biggest uncertainty in determining the value of the company, but lately we have been observing indirect market signals which suggest that the forthcoming results of the Bankable Feasibility Study (BFS) are likely to be optimistic. The BFS release has been repeatedly postponed in the past, allegedly because of the broadening of the scope of the study.
--------------------------------------------------------------------------------
hope this helps lr

from iii

Sent a brief e-mail today to Nurdin Damitov about the delay in the PIM release.
Nurdin replied within 14 minutes
His reply--
"Working hard on this. Please be sure that the management does not want to let down our shareholders. Being shareholders ourselves we are not interested in hiding information.

Please bear with us, we are working hard.
Nurdin"


--------------------------------------------------------------------------------

thanks. off away back march

interesting but they have had the bfs info for over 7 weeks

lie with dogs; catch fleas

re - lie with dogs; catch fleas

A dog talking with plenty of experience is full of them
YES dogs and fleas ( cynic )


Some of us buying at the lower price are well on the money or over 2 baggers. LOL
Talk is cheap coming from someone we know is full of BULL SH!T.

Has been on Uptrend for some time now, so chart on a bullish form.

taking over 7 weeks to sort out the BFS is not good there must be some thing more in the delay not even a useless ceo could take this long

with a 8% spread the mms do not want buyers which is good news

Such as?

that is the question WHAT . it does not take over 7 weeks most companys it takes about 10 days . after all it is only a very small company the ceo must be useless

I dont see how they can tell the world that they have the capability of grossing hundreds of millions of $ per year from this plant without announcing where the dosh is coming from to build it. With a MKT cap of 80m ish that would just asking for a hostile bid. I reckon thats what the delay is. Not the PIM but sorting out the finance to build it. All IMHO DYOR NAI etc etc...

TANKER

re - ceo must be useless

TANKER - 18 Jan 2011 13:21 - 55 of 59
made big mistake in selling these (SXX) for SKR .

You are all over the place and does look like you do not know what are you doing therefor blaming someone else for your mistakes.

do your DIY on price ( Wrong time entry ) and expecting news ( too soon )

cielo my avg is 33p.
all i am saying is if you give out time scales keep to them or else you look a monkey. which now they do in just over 5 weeks it is march not early jan . facts speak for them serlves

missed deadlines are never a good sign and if i was holding these and running a profit or even a modest loss, i'ld consider selling and banking very seriously indeed .... of course this stock is hampered by being thinly traded and usually with a 6% or more notional spread

you can always buy back once the dust has settled, even if sp has gone higher - no rules against that!