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

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Laurenrose
Not quite , sunshine.But I do recognize bull shit when I hear.You,sir, appear to possess it in abundance.
It would be much better if you keep your mouth shut and hide your ignorance, rather open it and reveal it!

sir .are you blind

All right then, it is CUR

have just bought 9455 shares in MRW at just under 280p looking for 320p by april

" keep your mouth shut and hide your ignorance, rather open it and reveal it! "

Good old Oscar Wilde , but not the original quote

hello ALD .my buys very rarely show up lloys nom

aldo - various miscellaneous items appearing here, but certainly i like MRW

Do you mean you bought some Sheba shares ? TANKER

cynic , you should have bought PAL up 8.6% yesterday

can't chase them all .... could pos say same re CHAR which i also do not hold, but good to see a bit of life from XEL and RKH

anything under 300p is a buy for RKH

Aldwick
Please let us hear the original quote.

" "Better to keep your mouth closed and be thought a fool than to open it and remove all doubt "

chess are you really that thick

Meaning what? Get to the point.

my mrwup 7p since i bought will go up 20p more very soon

they are up enough 3p this morning .

chess just for you i have just bought 39613 lloys i buy odd numbers just for you. have a nice day

and by the way i sold my tw at 38.06p