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
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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. "

Up strongly today, but a "Russian roulette" stock in more ways than one

sp up > 200%?

Correct Halifax - Sad to say not in this, closed up 233%


Sunkar shares soar 160% as it completes DFS for phosphate mine
2:39 pm by Jamie AshcroftOn AIM shares in Sunkar, which was worth just £14.2mln before today, were up 6.6p or 160% this afternoon, trading at 10.75p.

Sunkar Resources (LON:SKR) shares rocketed over 160% higher today as a detailed feasibility study boosted plans to build a major phosphate fertiliser operation in Kazakhstan.

The study, completed by SNC-Lavalin International, into the proposed Chilisai project estimated total life of mine revenues of US$22.3bn.

SNC-Lavalin predicts capital expenditure costs of US$1.94bn for the two phases of the development.

On AIM shares in Sunkar, which was worth just £14.2mln before today, were up 6.6p or 160% this afternoon, trading at 10.75p.

The project has an estimated internal rate of return of 14.1% (post tax) and has a net present value of US$715mln.

According to the definitive feasibility study (DFS), production could be underway by 2016, and the project’s earnings are estimated at US$278mln a year by 2017, rising to as much as US$533mln by 2025.

Chief executive Serik Utegen told investors that the DFS has outlined ‘robust economics’ for what is a major project.

“The study has identified no major technical hurdles with the Chilisai Project and we currently anticipate announcing the award of the basic engineering contract in the second half of this year, leading to Stage I production by the last quarter of 2016," Utegen said.

Sunkar said that the DFS will now form the foundation for a prospective project financing arrangement in ‘due course’.

Chilisai has natural advantages, Utegen says, such as low cost mining, proximity to sulphur and well established regional infrastructure.

As well as defining projected economics the study published today also examined possible marketing options for Chilisai’s output.

It claims that around 60% of production could be sold into primary markets close to Kazakhstan such as Northwest China, Turkey and the countries near the Caspian Sea.

The study also concludes that Chilisai could be a competitive supplier into global markets with an export route via the Black Sea.

“Even if conservative assumptions are used for the target markets, the Black Sea export route will provide a sufficient outlet for the remaining production,” Sunkar said.

To move forward with the Chilisai project Sunkar will now look to secure financing and permits for the proposed operation.

Still on the up. If you had bought first thing yesterday, you would be seeing a 300 % !!!!! rise at the mo.

i seem to recollect that SKR's phosphorus resource was low quality - or am i wrong, as so often?

I think you are right on that , cynic , if I remember rightly. Their big plus is that being open cast mining the cost is pretty cheap. There are of course other issues which makes this one akin to Russian roulette.

Yes the phosphorus is of low quality,but this is balenced out by the size of the resource. The real problem i believe is it's stranded and transport costs are a big issue imo?

The broker consensus on future earnings makes salutary reading projecting ,as it does,increasing losses into 2016.