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    

The last 30 minutes was good size buying, some of the them on the Plus Market.

Looks like today's rise with volume could signal the end of the bottom floor 17p.

The rise is continuing this morning, though the market is down

reason for the rise for the last couple days?

1- Two american companies on the phosfate business have announced good figures on the last couple days.

2 - The drought in Russia and the floods in China will ensure a great demand for phospates, which should bolster the importance of SKR for the future.

3 - The price of phospates has been risen lately, as is the comodities that has been use for ....wheat, etc.
The drought sitution in and around Russia is getting worse. Wheat yields will now be down 24% on last year and farmers will be encouraged to boost next years production. To do this they will need to use fertilsers. Russia is self supporting in phosphate resources, but globally the price of phosphates etc will increase. Much the same in Cina.

18.75 - 19.50p +0.675p

Is looking better than late last week Friday

Potash corp bullish on fertilizer prices.

A rebound in fertilizer demand will tighten global potash supply and drive prices up in the second half of the year -- resulting in a "very promising time," the chief executive of Potash Corp. of Saskatchewan Inc. says.

As global food production ramps up coming out of an economic slump, the fertilizer market is approaching a critical milestone in which demand returns and supply is constrained, PotashCorp president and CEO Bill Doyle said. "Recent supply and demand developments lead us to believe we are rapidly approaching that important juncture," he said.

I can't understand why the big boys aren't having a look at SKR at this price. Even if they paid 50p per share that would be nothing compared to the size of the site.

I can only assume that the director holding would scupper any such approach.

Bargain at this price though, and my largest holding now.

Good for SKR, but not for bread eaters ...........

From the FT.com .......

Rise in wheat prices fastest since 1973
By Javier Blas in London and Isabel Gorst in Moscow

Wheat prices have seen the biggest one-month jump in more than three decades on the back of a severe drought in Russia, prompting warnings by the food industry of rising prices for flour-related products such as bread and biscuits.

Food executives are also warning about surging prices for feeding and malting barley, which could push higher the retail cost of products from poultry to beer.

European wheat prices jumped 8 per cent on Monday to 211 a tonne, the highest in two years. Wheat prices have risen nearly 50 per cent since late June. Crop failures and a price rally have revived memories of the 2007-08 global food crisis, which saw the cost of agricultural commodities from corn to rice surge to record highs and food riots in countries from Haiti to Bangladesh.

This is the fastest wheat price rally we have seen since 1972-73, said Gary Sharkey, head of wheat procurement at UK-based Premier Foods, which makes the popular Hovis brand of bread.

The industry will be unable to ignore a 50 per cent rise in wheat prices, Mr Sharkey added, echoing a view widely shared by other food industry executives.

The rally comes as the worst heatwave and drought in more than a century continues to devastate grain crops in Russia, Ukraine and Kazakhstan.

The trio are among the worlds top-10 wheat exporters and key suppliers to countries in North Africa and the Middle East the largest importing region in the world. Executives and traders fear the three countries could restrict their grain exports or even impose an export ban in an effort to keep their local market well supplied and prices low.

Dmitry Rylko, the director of the Institute for Agricultural Market Studies, said the market could not ignore the possibility that Moscow would introduce grain export controls as it did during the 2007-08 crisis. The scale of the drought is so severe we must be prepared for any option, he said.

Wheat traders and analysts said Russias wheat production could drop in 2010-11 to 45-50m tonnes, down as much as 27 per cent from last seasons 61.7m tonnes. Ukraine and Kazakhstan would also produce less.

Heavy rains during the planting season are also expected to affect Canadas wheat output. The Canadian Wheat Board, the marketing agency for the countrys farmers, is forecasting a drop of 35 per cent in the wheat harvest.

SKR has certainly been on a toboggan slide for the past 9 months,when the price has more than halved. But ,could be a recovery is on the cards.There certainly is a pickup in buying interest.
One to keep an eye on

Now starting to move,up 1.25 on day

Looking better with the bounce, after the last couple days of pause

An what a finish today at 21.25p, large orders and buying till the end with premium price for the orders at plus market as the shares were in ACTION ( bid and offer price the same)

The potential could be very big for this stock.Especially with the wheat crisis.

It does seem that the market is beginning to wake up as to the enormous potential here.Up again this morning on strong buying.

Russia to impose temporary ban on grain exports

Russia is to ban the export of grain from 15 August to 31 December after drought and fires devastated crops.

Should we be concerned about high wheat prices?

Sparked by drought and fires destroying crops in Russia - the world's third-largest wheat exporter - the biggest monthly increase in the cost of wheat since 1973 has caused bread producers to warn they may have to pass on price increases.

We were also told that chicken, pork and beef prices will soar as well, because wheat is a key component of animal feed.

skin SKR has yet to produce a bank feasibility proposal to raise funds to finance the fertiliser plant so it will be quite some time (2-3YEARS) before they actually produce any fertiliser by which time the current problems in Russia will have been resolved. In the meantime SKR are mining rock which can be processed by other fertiliser plants.

halifax - I don't know much about them, but may have alook over the weekend.

An interesting point re the resolving of Russia's problems. At the rate drought and flood conditions worldwide are developing,the situation could be even worse in a few years.

or not, your guess is as good as the next weather pundit!

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