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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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!

cynic very true . there must be problems or bad management .

it's always a good principle or even discipline ..... sometimes it goes against you, but most times not

they have had the results of the BFS since 8th dec now 24th jan .
there must be a deal going on with those big investers who bought at 120p
to be given more shares at a discount .for more funding my views only
so the small punters will be the losers

so why are you still holding, or at least i assume you are?

i am a gambler

Not imo a good thing to do at this minute in time(sell),with PIM due any day?Awaiting several doc to be signed off,so out of their hands.With the right update it could rocket,so a little more time required,deff one for the patient,that said never a bad thing to top slice if vou've any doubts?
ps
I'm holding firm,anything to do with food is on to a winner long term.

You bet your life.
Anybody who thinks that these shares are up over 150% for nothing aren't taking into proper account the reasons behind the rise .
That is to say, the disaster that is facing world farming

it is feb next week
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...

now 2011 and still no futher down the road . very good management would you say

rumour pim signed off

what is pim signed off can you expailn please -and relation with share price .

?ANKER, just one of their non-achievements..

SUNKAR RESOURCES PLC

("Sunkar" or the "Company")

MILLING AND LOADING COMPLEX COMMISSIONED

Sunkar Resources plc (AIM:SKR) is pleased to announce that the first of two lines of its Milling and Loading Complex ("MLC") at the Chilisai site was officially commissioned on 21 December 2010. The plant has received all official approvals and passed authorities' inspections, and the Deed of Commissioning, the approval required to run an industrial installation in Kazakhstan, has been duly executed. Once completed, the MLC has a production capacity of 200,000 tonnes of Direct Application Rock ("DAR") per annum.

The Chilisai MLC and DAR project was recently included into the Kazakhstan Government Support Program for Accelerated Industrial Development (the "Program"), and the official switch-on ceremony was conducted during a live teleconference by the Government of Kazakhstan. Among 8 distinguished projects, the Chilisai MLC was selected for switch-on during the teleconference, a country wide event organised by the Government to raise public awareness of the Program's progress and broadcast on all major national television channels.

21 December 2010 was designated as "Industrial Day" in Kazakhstan. 80 new industrial plants were commissioned countrywide within the Program. The President of Republic of Kazakhstan, Nursultan Nazarbayev and members of the Government attended the live teleconference presenting the most important new industrial projects.

During the teleconference, Nurdin Damitov, Director of Sunkar Resources and General Director of Temir Service LLP, reported to the President of Kazakhstan:

"This project has a goal to increase food security of the country. We have conducted field trials and obtained the following results: grain yield increased by 30%, and oil crops by 50%. Prices for our Direct Application Rock will be very competitive with those of other manufacturers".

In congratulating the Chilisai DAR project team, President Nazarbayev specifically emphasised the importance of phosphate fertilizers for agriculture in the country.

Cyril
Your comment is much appreciated.
It is good to have these sort of remarks. I get a bit fed up with all the bitchy comments .

nice . uyou missed out bottom line it said news of pim early jan now
going into feb ,

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

have a nice day

CP i see you along with HC and myself have been associated with SKR for a very lomg time,as against the resident whinger who looking at hie past ramblings since last Nov?He shows little or no understanding of the problems and challenges involved in such a massive project,pedantic and clueless comes to mind.

Isn't it enough to try the patience of a saint?
And,there aren't that many of us left !!