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    

In @12p :-)

in 12 months these will be 3p

This stock holds all the cards I dislike, pity them, Overseas business, private equity (Cayman Is, even?) Drawdown modes mounts stock dilution, high ratio face-value to mkt price (was even worse until recently). and a suspension.

Of course that might be perfectly OK and trading will resume before Friday...

Ah, but then with this number of cards - I don't like it.

news coming - good or bad?

the directors are rubbish get out .i did with good profits . do not buy insurance companys buy banks they will double in next 12 months

What's the story behind the suspension of trade in SKR ?

RNS Number : 0450M

Sunkar Resources PLC

09 August 2011

SUNKAR RESOURCES PLC

("Sunkar" or the "Company")

Announcement re: Suspension

Sunkar Resources PLC (AIM: SKR) announces that the Company's shares have been suspended pending the resolution of negotiations surrounding short term working capital requirements.

A further announcement will be made in due course.

For further information please contact:


Sunkar Resources plc
Serikjan Utegen, CEO Tel: 020 7930 8678
Donald Sinclair, CFO

Ambrian Partners Limited
Anthony Rowland Tel: 020 7634 4700
Matt Einhorn

Bankside Consultants
Simon Rothschild Tel: 020 7367 8888

now why was it that i was so roundly abused back in march by a certain unmissed member?

RNS nearing the end?

Well its not good is it -

RNS Number : 1008P

Sunkar Resources PLC

28 September 2011

SUNKAR RESOURCES PLC

("Sunkar" or the "Company")

Unsecured loans from the Directors

Sunkar Resources plc (AIM:SKR) announces that it has signed unsecured loan agreements ("the Loans") with three of its directors and Napier Holdings Services Limited. The beneficiaries of the Napier Holding Services Limited Trust are the family of Charles de Chezelles, a non-executive director of the Company. The Loans, which total US$660,000 and GBP150,000 (approximately US$234,000) will assist with the short term working capital requirements of the Company. The Loans are being provided to the Company as to US$300,000 each by Nurdin Damitov and Serikjan Utegen, GBP150,000 by Teck Soon Kong and US$60,000 by Napier Holdings Services Limited.

The Loans will carry an annual interest rate of 10% and are repayable by Sunkar on 28 March 2012. Sunkar may repay the Loans or any part of the Loans (together with accrued interest) at any time without penalty. The Loans will be advanced to Sunkar within 10 working days of entering into the loan agreements.

Financial position

The Company currently anticipates that it will require additional funding of a minimum of US$5 million in order to continue operations in Kazakhstan until the end of the current financial year. Since the suspension of trading on AIM on 9 August 2011, the directors of the Company have been working on a plan aimed at recapitalising the Company. The financing plan may include a combination of debt, equity and convertible loan note investments. It is anticipated that the Company's shares will remain suspended pending further clarification of its financial position.

what on earth has happened here - last time i looked at skr was when i sold at about 30p - this and sxx was news at the time - i never thought this would happen to skr - can someone condense why this has gone tits up? only sold on a fluke to invest elsewhere meaning to come back but never did - i can hardly believe this!

i can see the obvious need of funding but what caused it? over a period of time - i always considered skr to be the better bet out of skr and sxx?!

Dare I suggest the possibility of some unscrupulous , yet to be disclosed, activities.

stranger things have happened!!

read post 707

Update on Financial Position
Further to the announcement of the condensed financial statements for the six months ended 30 June 2011 (the "Interims"), Sunkar Resources plc (AIM:SKR) hereby provides an update as to its financial position and progress in addressing the short term working capital requirements of the business.

As per the Interims announcement, the Company anticipates that funding of at least US$5 million is required in order to complete the Feasibility Study and continue operations in Kazakhstan until the end of the current financial year and, in total, US$12 million to achieve its key aims of, establishing a Direct Application Rock ("DAR") business and meeting Subsoil Use Contract ("SUC") commitments to the end of September 2012.

So far in 2011, the Company has successfully mined 502,000 tonnes of the 1 million tonnes required to be mined this year under the SUC. In light of the Company's financial position Sunkar does not expect to undertake any further mining this year. While the likelihood of successfully renegotiating the 2011 commitment cannot presently be determined, the Company has started encouraging discussions with the regulator regarding a waiver of this commitment.

Since announcing the Interims, the directors have continued working to secure funding to augment loans received from three directors and a trust of the family of a fourth director totalling approximately US$894,000. The Company is in negotiations with a number of potential sources of funding and the Board expects to be in a position to announce details of a financing plan within the next month. The financing plan may include a combination of equity and convertible loan note investments. Any financing solution may also include an open offer to shareholders. Management continue talks regarding rock sales to fertilizer plants in Russia.

The current funds available to the Company are US$240,000 (including the recent director loans) and the Board continues to make every effort to reduce cash outflow. In addition to stopping mining, Directors' remuneration is being deferred and will continue to be so until financing is secured. The Company has significant trade creditors who are being supportive to the Company as it seeks additional short term working capital.

The Company's shares will remain suspended pending clarification of its financial position. Further announcements will be made in due course.

It does not look very encouraging, does it?

not one bit - tanker's note ref 707 looking ominous - that open offer to shareholders bit in these circumstances looks rather a piss take - interesting to know who the major share holders are - and how much the directors who are supposedly loaning the cash actually have - stinks of a real stitch up - fsa should review this mob imo quite urgently

StockMarketWire.com
Sunkar Resources has received a $2.8m from Sun Avenue Partners Corporation which has completed the first tranche of its investment under a subscription agreement. Sunkar is issuing the $2.8m first convertible loan notes to SAPC under the terms announced on 23 December.

Sunkar is also finalising a circular to shareholders to call a general meeting to approve the necessary resolutions to issue a further $10m convertible loan notes.

i see that impressed the city today!! another flat day