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    

Harry you are quite right SKR moving up nicely on demand for potash related shares.

A good push up though not supported by trades or volume.

MMs started the day with higher prices on the order book and large spread.

I thought that this baby might take off.
Now up over 50% in a very short time.
Could be a lot more to come I reckon.

Another strong day on this considered BREAKOUT

This looks very positive for SKR,reflecting the urgency of the of the need for increased fertilizer production.

Sunkar Resources PLC
MoU with Eurasian Development
RNS Number : 2451S
Sunkar Resources PLC
07 September 2010
SUNKAR RESOURCES PLC
Memorandum of Understanding with Eurasian Development Bank Signed

Sunkar Resources plc (AIM:SKR) is pleased to announce that it has signed a Memorandum of Understanding ("MoU") with Eurasian Development Bank ("EDB"), an international financial institution established by Russia and Kazakhstan to develop market economies in its member countries. The MoU reflects EDB and Sunkar's common interest in financing Sunkar's Chilisai Phosphate Fertilizer Project in Kazakhstan.
The MoU envisages EDB providing up to $200 million in debt financing for a term of up to 12 years. EDB requires certain conditions to be met including the project meeting a suitable equity to debt ratio, promoting economic integration in EDB's member states and, agreeing and executing suitable documentation.
Nurdin Damitov, Director of Corporate Development of Sunkar, commented:


"The signing of this MOU with EBD confirms our determination to develop the Chilisai Fertilizer Project in line with our current strategy and timetable. We are currently preparing a Bankable Feasibility Study aimed at securing project finance and this MOU is an important milestone in its achievement. It signals a significant level of confidence in the project - many successful financings of large scale projects, including agri-industry developments, have been assisted by support from development banks such as EDB which recognise the regional or national structural importance of these projects as well as the immediate commercial benefits. I am therefore very pleased that EDB with its track record is working with us to realize our aim to be one of the lowest cost producers of phosphate fertilizer in the world."
For further information please contact:

Sunkar Resources plc

Serikjan Utegen, CEO
Tel: +44 20 7930 8678

Donald Sinclair, CFO
Canaccord Genuity Limited

Andrew Chubb
Tel: +44 20 7050 6500

Bhavesh Patel

GMP Securities Europe LLP

Andrew Young
Tel: +44 20 7647 2800
Bankside Consultants

Simon Rothschild
Tel: +44 20 7367 8888

Louise Mason
Editors Notes
Sunkar Resources plc
Sunkar Resources plc, through a 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 and regional long-term marginal priced gas.
The Chilisai Phosphate Rock Deposit is ideally located on a transportation hub that spans the agricultural markets from Western Europe through to China.
Eurasian Development Bank
EBD is an international financial institution, established by Russia and Kazakhstan in January 2006 to promote development of market economies of member states, their sustainable economic growth and expand mutual trade-economic relations. The share capital of EDB is above one and half billion US dollars. Bank's member states are Russian Federation, Republic of Kazakhstan, Republic of Armenia, Republic of Tajikistan and Republic of Belarus.

To know more detailed information regarding the Bank please visit: http://www.eabr.org
This information is provided by RNS
The company news service from the London Stock Exchange

Opening up 3.75 points at 33.75

and now 36p +6p

after being in Auction from the start

where there is muck there is brass!! lol

starting to like fertilizer - and in fact it is logical the sky high demand which is escalating daily - glad to be in here & sxx
gla

APPOINTMENT OF ADVISOR

The Board of Sunkar is pleased to announce the appointment of Closed Joint Stock
Company Unicredit Securities, Moscow ("UniCredit Securities"), part of the
UniCredit Group, as its advisor in relation to the structuring and raising of
strategic equity finance to further its Chilisai phosphate fertilizer project in
Kazakhstan. Initially, UniCredit will be assisting the Company in a strategic
partner search and negotiations.

Serik Utegen, Chief Executive Officer of Sunkar, commented:

"We are delighted to announce the appointment of UniCredit as our adviser. With
our Bankable Feasibility Study progressing well, Sunkar is at an important stage
in its development. Our strategy to find a strategic partner with the capacity
to move the project to the construction phase makes the appointment of an
advisor of this calibre a priority marking a significant step in the project's
development. UniCredit Group is a global financial institution and we rate their
experience in Kazakhstan and Russia very highly."

I felt that the possibility of SKR being a very big winner was no pipe dream all along.There is huge potential here.

Thats the opening gap filled!

Like cynic....up in the morning then down later on.,.

buy while you can imo - do the sums, broker target canaccord adams 160p, and b4 you say it yeah yeah what do brokers know - i say it often enough myself lol!! anyhow:

its up to you, below are some of the reasons skr did not have to sweat about getting the funds required ref rns 2day - skr will be huge imo gla:

'Another key ingredient for fertiliser is phosphate. Aim-listed Sunkar Resources (Aim: SKR) plans to source this raw material from the 800 million tonne Chilisai phosphate project in Kazakhstan. The stock jumped recently after reporting that pilot plant tests support commercial development of the project. Chilisai should be able to produce phosphate for $120 a tonne and sell it for more than $300, says James Crux in Growth Company Investor. Phosphate sold for $1,200 in the boom years. Sunkar is set to produce 1.2 million tonnes of raw material this year, yielding 600,000 tonnes of phosphate. Crux notes that revenues of $8m this year are expected to hit $67m next year and $228m in 2012, with a $10.5m profit seen next year'

http://info.moneyweek.com/article.php?bbcam=adwds&bbkid=sunkar+resources&x=&jtid=9839423&UID=JF+-+Google&p_id=12879

A few reasons why there was not follow throw today:

Most investors sale with news ( news today )
Had a very good run ( double in price ) 18 to 36p
Indicators well overbought
Market was having a bad day

If this stock was valued at 46p 1 year ago,as it was,then it should certainly possess a much higher price now,with the demand for fertilizer based products and therefore the price for these products continuing to appreciate.
In my opinion this stock can be held with confidence.

chessplayer

re - In my opinion this stock can be held with confidence.

one thing is to look long term, and the other is to talk what was happening at the time Tuesday, and give the reasons why was underperforming and it is at the moment.

MRSI
I thought that your own post (94)adaquately answered your last remark.
What is your present view on SKR's prospects?

From the TELEGRAPH ........

As prices soar, give food some thought
Food has hit the headlines again in a reminder of the spiralling inflation and social unrest that swept through the developing world in 2008.

This year's price spike is different in a number of ways but the fragility of the world's food system highlighted by the latest bout of volatility is very much the same.

Wheat prices have risen by around 70pc since the beginning of the year, mainly on the back of a heatwave in Russia that prompted Premier Vladimir Putin to slap a ban on exports until after next year's harvest. Good yields for other key exporters, such as the US, mean this is no crisis yet but further shocks or increased protectionism could see things deteriorate quickly ...........


"There is only one realistic solution to the looming food crunch: higher crop yields. For investors this is where the best short-term opportunities lie."

"In the shorter term, the most interesting opportunities probably lie in fertilisers. During the 2007/08 crisis the cost of commodities such as urea and potash rose around 10-fold. Having seen its share price spike higher two years ago but then fall back to a much more attractive level, it is no surprise that Potash Corp has recently attracted the attention of BHP Billiton."

http://www.telegraph.co.uk/finance/comment/tom-stevenson/7996544/As-prices-soar-give-food-some-thought.html

chessplayer

Nothing has change on the point of company good prospects for the future and as food prices are rising.

The charting is a different matter that goes with TA, and any large rise will come with retracement and rebound.

Down 1.5,but looks like all buying to me