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    

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.

oh master we thought pakistanis eat rice!

Factors pointing to a possible world shortage of grain

1) Russian Drought-wheat exports suspended due to poor harvest.
2)Pakistan floods- many crops ruined.
3)India-floods damaging crops and storage of some grain has been ruined by rotting.
4) China- floods affecting farmers production.
5) Canada- lower harvest due to wet spring.


Fertilisers increase prices ... ahead
The same happen 2 years ago, when the prices of DAP and fertilisers went to the roof.

We are looking for higher fertiliser prices in the next few month.

oh master what a pity SKR isn't producing any fertiliser at the moment.

The bigger picture is this.
There is a "fertilizer frenzy" out there.
With world food shortages owing to drought,flood etc, maximizing crop yield is becoming of vital importance to stave off mass starvation.
It should surprise no one if this stock suddenly takes off.

If anyone thinks that I am overstating the case,then they are not grasping the full scale of the problem facing agriculture. The fact that SKR are not yet producing is obviously the only reason that this take off has not yet occurred.

KEEP an EYE

News today of a rejected offer. BHP bidding for a Chilean potash company. The sector will be rerated ........

"Soc. Quimica y Minera de Chile SA, Chiles biggest fertilizer producer known as Soquimich, rose the most in more than a year after Potash Corp. of Saskatchewan, a Soquimich shareholder, rejected an takeover offer from BHP Billiton Ltd.

Soquimich gained 5.8 percent to 21,200 pesos at 9:32 a.m. New York time in Santiago trading and earlier climbed 6 percent, the biggest intraday advance since June 2009.

Potashs board turned down the unsolicited $39 billion cash offer from BHP as too low, prompting speculation of a higher bid. "

The price up today .75 (4%).with buying picking up at the mo.

The "AT"s have been busy and the share price went into auction ( bid and offer same price 20.75p )