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    

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.

surely you've got to allow a very old fart like me a little slack and fun in my declining days?

OUT OF THIS ONE EARLY MORNING ,WHICH FOOL KEPT Saying price to go up defintely on news ??? lost a few

i sold all my holdings above 41p bought at avge 33p . now i will buy back sub 30P .

COME ON BABY FALL DOWN TO 30P THIS WEEK

chakli. i did keep posting saying good news is never deleyed only bad and i was correct some of these posters are complete fools thinking not . i was correct and they still think i was wrong what planet are they on.

i am loath to call anyone a liar without absolute proof, so shall resist the temptation

go on ...

One is tempted to ask "has this guy ever made a mistake."
Perhaps they were only errors!

sure has imo - e.g. buying 60k SKR at 42.65! ..... to have an average price of 33 means he would have had to have bought a further 60k at 23.5p ..... not impossible, but given his apparent trading pattern ....!!!

So what's the big deal in not admitting you made a mistake!
The word EGO springs to mind.

you'ld be amazed how few peeps here ever admit such a thing

yes i have made a few mistakes marconi telewest .vog . but not for the last 8 years thanks and good bye to most of you.
my new buy is start well TW 36p avge tomorrow they will hit 40p

you are so full of shit, that it comes not out of your fingers and mouth, but also your ears

lol lol this is v funny - cynic maybe between his ears too - lol - i am not gonna get dragged in but it is amusing - perhaps a self perpetuating fertilizer / phosphate machine a never exhausting supply - maybe skr will make a bid - who needs the mines!! have a good evening

ain't no more room to stay between his ears

any one really interested in aim shares read the tele graph today.