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    

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 ..

please your self could not care . i will buy back lower

only poor investers lose .

Oh,I wouldn't say that!
Money has nothing to do with it.
You strike me as a loser of the highest order!

post 387
i have bought 60.000 more today at avge 42.85p .
will make 60p by xmas

post 393
30p is true value

post 396
this company is now dead in the water

post 405
yes i have sold will buy back at 28p

post 406
by the way i made 15k

post 409
only poor investers lose

============

is any comment required?

o The capital cost of Phase One is estimated at US$880 million (before working capital) including the mine, the chemical complex and all necessary infrastructure and waste handling facilities;

o Nominal cash cost of DAP production of US$186 per tonne in 2016 and US$221 per tonne in 2025;

o Estimated revenue of US$324 million in 2016 increasing to US$394 million in 2025;

o Estimated EBITDA of US$171 million in 2016 increasing to US$212 million in 2025;

o Estimated Project IRR of 16.52% before tax and 13.82% after tax on a 100% equity finance basis

fair value 22p

A bit of a recovery perhaps after price reaching the trend line .
At any rate some buying starting to come in

TANKER

Did you buy any Sheba [SHE] ?

News this morning .

EXTENSIVE GOLD TRENDS DEFINED ........ see my thread.

Tanker
Your views change more often than the weather,and I expect in the long run even less dependable.

ALD not yet bought TW at avge 36p not one of my trades came up .but this always happens with my trades . lloys nom

CP - post 411 sums up *anker pretty well i think

well just watch your money sink .

whose? .... yours? ..... certainly not mine

you can all see why the delay to give out the bad news .
looking to get back in under 30p

but why would you want to buy back in at all, assuming you've actually dumped your previous holding? .... furthermore, apart from "dead in the water", which we'll take as artistic licence, you subsequently say "fair value = 22p", so why would you want to pay 25/30% over the odds?

i am a gambler . read iii.

rephrase that as *anker! ..... so one may assume you didn't sell all your holding and are therefore nursing a loss and thus by your own reckoning "a poor investor", arguably getting poorer

Cynic.
You mustn't say that ! Anybody would think that you are trying to PRICK his balloon.
Whatever it is though, there sure is a lot of hot air in it.