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    

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

With the shares not being traded, it is not too surprising.

RESTORATION OF TRADING ON AIM

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 20/01/2012 7:30am an announcement having been made.

Proposed fundraising of up to US$12.8 million through the issue of Convertible Loan Notes to Sun Avenue and notice of General Meeting



1. Introduction

Sunkar announced on 23 December 2011 that the Company had entered into a conditional subscription agreement with Sun Avenue, an investment and trading company registered in the British Virgin Islands, for the subscription by Sun Avenue in two tranches of up to US$12.8 million of Convertible Loan Notes. The Convertible Loan Notes will convert in full, in accordance with their terms, into an aggregate of 174,476,283 Ordinary Shares, representing 51.0 per cent. of the fully diluted issued share capital of the Company as of today's date as enlarged by the issue of such Ordinary Shares and subject to any options in the Company not being exercised. The Investment values each Ordinary Share at approximately 4.8 pence as at 18 January 2012 (being the last practicable date prior to the date of this document).

The first tranche of the Investment, comprising US$2.8 million First Convertible Loan Notes, was completed on 17 January 2012. The second tranche of the Investment, comprising the issue of US$10 million Second Convertible Loan Notes, is subject to certain conditions including the passing of the Resolutions at the General Meeting.

Full article here: http://www.moneyam.com/action/news/showArticle?id=4294587

Business as usual ?

If ever there was an illustration for investing of the dangers in the Soviet region, this is it !

I still don't know what happened, but that seems to be par for the course.

why do think they trade on the uk aim market .
answer becuse no regulation they can do what they like .
i did warn you to sell which i did and made a little profit .
this company is dead .

I don't hold

chess good . buy some RSA ex div about 4th march 6p .but sell before ex div

Isn't that chart something ! A Russian roulette stock you might say.

ah yes - SKR ..... i recollect being taken to task very sternly many moons ago for saying that i didn't think it was much of a company

I still haven't heard what happened, but my money would be on shady dealings of some sort.

chess . investors would not beallowed to speak out if the companys who have bad boards had there way . they do not like investors posting the truth.
if they dont like the truth run the company better and honestly

StockMarketWire.com
Additional funds that are being made available to Sunkar Resources have been delayed.

Sun Avenue Partners agreed in December a financing of $12.8m and the first $2.8m was provided the following month.

The remaining $10m was due yesterday but Sunkar say that it has been informed by Sun Avenue that it will now be received no later than Wednesday next week.

I did warn you all to sell many months ago i was correct .it is over gone

This bit of news sent SKR up by 1.98 points. 71%


SUNKAR RESOURCES PLC

("Sunkar" or the "Company")

ATF LOAN REPAYMENT

The Board of Sunkar Resources plc (AIM:SKR) announces that its wholly owned subsidiary, Temir Service LLP has repaid a total of $2.5 million to ATF Bank Kazakhstan ("ATF") scheduled for repayment before 01 July 2012 in accordance with the terms of the refinancing announced on 10 May.



For further information please contact:

Sunkar Resources plc

Teck Soon Kong, Chairman

Serikjan Utegen, CEO Tel: +44 20 7930 8678



Editors' Notes

Sunkar Resources plc

Sunkar Resources plc, through its wholly owned subsidiary Temir-Service LLP, operates a phosphate rock mine in Aktobe Oblast, North West Kazakhstan. Temir-Service LLP holds a Subsoil Use Contract to part of the Chilisai Phosphate Rock Deposit. The contract area is estimated to contain 800 Mt of phosphate ore.

Sunkar's strategy is to build a world class integrated ammoniated phosphate fertilizer plant with low operating costs. Sunkar's low cost base derives from its near surface phosphate rock deposit, access to sulphur from the nearby North Caspian oil and gas fields.

Operational Update
Sunkar Resources plc (AIM:SKR) is pleased to announce that its wholly owned subsidiary, Temir Service LLP ("Temir"), has signed an earth moving contract with a general contractor that is building a new railway line in Western Kazakhstan. The value of the contract is KZT 1.2 billion, being approximately USD 8.1 million at current exchange rates. The Company expects to receive a prepayment amounting to 30% of the total contract value before the end of this year.

As announced on 28 September 2012 in the Company's Interim Report, the Company had, to that date, mined over 300,000 tonnes of phosphate ore, and was pursuing an earth moving contract for its idle equipment, in order to generate additional cashflow for the Company from its existing asset base. Due to the flat and shallow geological structure of the Company's phosphate deposit, Temir uses earth moving equipment and mining techniques similar to those used in laying foundation for major railroads and major highways in flat terrain. Temir holds the relevant state licenses for road construction and has experience of building roads on its contract territory.

Accordingly, Temir has executed this contract for the construction of a rail track foundation on a stretch of the new railway line from Beineu to Tassai stations in Western Kazakhstan. The work is scheduled to be completed during Q2 2013.

The Directors believe the revenue from this contract will make a significant contribution to the working capital of the Company and will help to retain its core qualified personnel for next year's mining season.

Sounds very good, but given this baby's track record (railway track that is ) it is a brave man who jumps aboard this one !

Does anyone know exactly what happened, for it certainly came off the rails big time !

Yes, as per their RNS in sept 2011, they ran out of money!
"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. "