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    

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.

a VERY RECENT REVIEW -- 5 Feb'11

Subject: Sunkar Resources released postive results of study on its Phoshphate project - POSITIVE
Company: Sunkar Resources
Ticker: SKR LN
Rec and TP: Under Review

Sunkar Resources released its long-awaited preliminary information memorandum (PIM) on Stage 1 of its large-scale Chilisai phosphate project. The company plans to develop the project in two stages. Stage 1 implies the production of 830 kt of DAP/MAP (di/mono-ammonium phosphate) fertilizer to be commissioned in 2014, while Stage 2 aims at doubling the capacity to 1.6 mln tonnes of DAP/MAP by 2017.

The study confirms the low cost structure of the end fertilizer product, DAP (di-ammonium phosphate) at $186 per tonne, which is one of the lowest cash costs globally compared with some $250 at Russian producers and $300 for US integrated producers.

The plant's capex requirements have been estimated at $880 mln, which is double the initial guidance of $350-450 mln, estimated at the time of the IPO.. The capex costs are at $2 per tonne of P2O5, which is some 30% higher than the industry average of $1.5 per tonne of P2O5. In our view, this is related to the fact that Chilisai rock grade is low at 17% (versus the world average of 30-32%) and contains some impurities which require additional technology, explaining the above the average construction costs .

Based on the 20-year mine life and $404/tonne DAP costs, the projects NPV was estimated at $268 mln with an IRR of 13.82% based on 100% equity financing. However, we think the mine life assumptions are conservative, given that the current Chilisai resource base is enough to support more than 50 years of production. These conservative assumptions, in light of the elevated upfront capex and short mine life of the project, diminish the projects value. Using a long-term price of $500/tonne for DAP and at a capacity of 1.6 mln tonnes of DAP, we estimate the project can generate some $450-500 mln in EBITDA mid cycle.

Overall, the company has finally reached an important milestone and given the projects excellent infrastructure (railway, power, roads) and its proximity to key feedstock (sulfur, gas), we believe that Sunkar Resources is entering a new stage of its development. The company has now put together the ingredients necessary to attract strategic investors or even sell the project.

On a separate note, we note that selling pressure on the stock today is profit taking by investors who bought the stock at around the recent GBP30 on the back of rumors of positive results from the PIM and an attractive entry point, in our view. We will be issuing a report on the company with target price and recomendation shortly

Best regards,
Zaurbek Zhunisov
Equity Analyst, Research
Metals & Mining

8th February 2011, by Agrimoney.com

Corn growers' profits to top $200 an acre
America's corn farmers are, for a second successive year, to reap profits of more than $200 an acre, creating fertile ground for shares in nutrient groups, Credit Suisse has said.

The bank, in a note foreseeing "limited downside risk" to shares in fertilizer groups, pegged corn farmers out-earning peers in soybeans and wheat this year, with a profit of more than $205 an acre.

The estimate - which comes as US growers are weighing up options for spring sowings, a process widely expected to favour increased corn area would put profits in line with last year's $206.70 per acre, a figure huge by historical estimates.

In 2008, the best year of the last rally in grain prices, profits reached $101.10 an acre, with corn famers suffering at least nine years in the red in a losing streak which ended in 2006.

Corn growers' losses from 1997 to 2005 totalled $678m on Credit Suisse estimates, which for this year factor in December futures prices.

'Bullish price environment'

Grower profitability is being helped by a lag in the recovery markets behind that in farm commodities.

Prices of potash, for instance, are still 45% behind average levels for 2008, while those for soybeans are 16% ahead, and for corn up 20%.

However, with phosphate prices back on their way above $500 a tonne this year, and potash hitting that level in 2012, including freight, on Credit Suisse estimates, the "bullish price environment should support" sector shares.

The bank lifted its price target on shares in Russia's Uralkali from $40 per depositary receipt to $46, and on stock in Israel Chemicals to 68.40 shekels from 54.50 shekels.

Acron divergence

For Uralkali, which revealed on Monday it had received investor approval for a merger with domestic peer Silvinit, the upgrade represented a second boost, after UralSib analysts upgraded its target price on the depositary receipts to $50 from $42, also citing higher potash prices.

"Uralkali's position is strengthened by its being one of the lowest cost potash producers globally," UralSib analyst Anna Kupriyanova said.

However, the brokers differed on prospects for Acron, the Russian nitrogen group, which Credit Suisse downgraded to "neutral" from "outperform", citing the higher prices the group looked set to pay for potash.

Ms Kupriyanova lifted her rating on Acros shares to "buy" from "hold", citing the group's 8.1% stake in Silvinit, which had been made more liquid by the Uralkali deal, and, if sold, could provide funds to launch its own potash projects.

rns only bad rns push SP down . next leg down on way

moving nicely down to my buy sp of 28p

....

will we see sub 30p this week

now 33p chess iwas correct .that is why i make loads of money buy back uder 30p .but there could be massive dilution so be careful

good rns are never held back . the managemet of this company are ot that clever they should resign or prove why they are there .? this is my view looking forward to reply do ot be rude

they willhit 60p by 2015

all the rampers have gone . good job i posted the truth .