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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According to figures that I have just seen presented on CNBC,agricultural productivity is greatly increased by fertilizers.

Productivity per acre:
U.S. 120 bushels
World 55 bushels
India 45 bushels

The figures for the U.S. reflect the much more intensive land fertililization taking place.

After the rejection of BHP $38 b bid for Potash the whole sector is on the up.
SKR must be a great one to hold

chessplayer

Thanks for the news and information this morning, it is pretty clear that fertilisers give a better crop.

Any chances of editing a bit post 53, lost of info we do need like contacts and the blank spaces beteween lines makes a very long post.

thanks, will delete that if you do the editing.

I am a bit of dinosaur on the computer.
How do I close the spaces

back space at the beginning of a paragraph.

Or highligh the blank spaces or things you do not want and delete

? highlight the blank space....

I think I got it sussed out Thanks.
Will be an expert on this thing in no time!

chessplayer

well done, better than the share price at the moment

I do not know how old you are, but as they say, never too OLD to learn a thing or two

BHP says that they are going ahead with the bid and posting details to shareholders

so big interest on the sector meaning good for SKR

Russia have been hard hit by this drought situation,and SKR appear to have the support of the Kazakh government,so it would appear that failure cannot be contemplated. After all,we are talking about measures to avoid starvation.
I trust that I am not sounding overly dramatic.

Following BHP's bid for PotashCorp, BHP is making " a big bet that agricultural fertiliser ingredients - including Potash, nitrogen, and phosphate will rise in price as the developing world requires more meat and plants"

This must be very good news for SKR.

Given that the stock is about 1/6th of its flotation price of 2 years ago and the almost frenzied demand to maximize crop output, a 10 bagger must be on the cards.

You need cash to buy fert, bad harvest.... no spare cash... first to go is fert, then sprays.

If that is the case,why has a $38 billion bid for Potash been rejected as woefully inadequate.

could it be used for something other than farming??

Such as

i was asking you lol....just a thought..

Will UPTREND hold?

looks to be very little trade in the stock today,but another down day for the market. This at least suggests that people do not want to sell.Omens for the sector are certainly very positive.