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    

Down 5%. Think I will watch for a little longer. Still in down trend.

what is so captivating about this company? ...... there are surely far better places to throw money

Potash is the new hot commodity and the sp climb has been very rewarding.
Time to move on to........?..........your better places???

harry you are correct it is a shit company looking at the rns i have bought and sold my holding

we should of know by the delays it is always bad news

it will be 5 years till any profit .so 30p is true value

i have a portfolio of about 30 shares, ranging from flakey/spivvy (PXS and EOG) to quality (PMO/TLW and WPP), so it depends what you fancy and your risk/pain threshold

this is a phosphate mine if you want potash buy sxx

cynic i was correct with all my posts about the delays it is never good news .
this company is now dead in the water failure only good for the managements salary

you do harp on a bit don't you, even if i don't disagree about delays linked to bad news

cynic end here good bye on this thread sold looking for next winner any good tips .

depends on what sort of thing you're looking for + risk/pain threshold

looking at agq

You're right howmutch. Was using a generic term, but will try to be more exact in the future. Still on my watch list & would be tempted to trade sub 40p.

strange - posts 387 and 396 are completely contradictory ..... perhaps *anker would like to reveal his true self

That will take some doing. The man is like a firecracker,always ready to explode. It is a kind of hysteria .

Any rational thoughts out there on yesterdays performance! I thought the news sounded pretty good. I expect that it is the " Jam tomorrow and not today " that had a lot of people cashing in.

My thoughts exactly. Looks like there is little happening which will get the sp going again until the end of 2011. Probably still tradeable 'til then but had quite a large stake in SKR and can put that to better use elsewhere.

chess . i never get upset.
but i was correct expecting bad rns
good news is never delayed . yes i have sold will buy back at 28p

ho by the way i made 15k .
have a nive day i will

Of course you did *anker.

We hang on your every word ..