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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skin have now hold over 82000. should be a nice div . but if they reach 300p by the end of march i wil sell

i now want to buy 250.000 of these at 27p that is my entry point. how long will i have to wait

I assume you mean 250,000? Hardly seems worth it for a crappy amount like that.

yes just 70k

here we go again 30p to buy now

An once again " TIMING " is the essence on BUYING

I just pat myself on the back

Why Timing Is Very Important

While there are specific resources necessary to complete a business transaction, there are 2 other extremely important elements which complete or mess up a deal. That are timing and duration. These two things are of the same significance to all other facets of any business venture, so it is of great consequence to give both principal importance when getting into any business transaction.

Timing is relevant, in virtually anything. "Strike while the iron is hot" - the experts normally say. There will ever be that suitable time to do something that will bring the best results, so every keen business person should have the capacity to recognize windows of opportunities in his particular field.

Duration is equally of the essence in any business dealing or endeavor, as every person who participates has his own interest to achieve. The lengthier the courses of action take place, the lesser the odds that it will turn up or carry on. Duration entails an established length of time stated or needed for anything to transpire, such as the signing of an agreement or the achievement of end results stipulated in a business endeavour.

Most likely, every individual who has been planning to purchase a home in the past 2 to 3 years must have discovered what a short sale is. In real estate, a short sale is termed as the sale of a property that is facing the risk of foreclosure, typically for a price much lower than what is currently owed on the property. A short sale has turned into a byword in the housing industry nowadays due to the upsetting levels of foreclosures, so it really is the best time to obtain a home for a bargain. It is the best moment to strike while the iron is hot.

When the situation is on the rise, you will not hear about short sale agreements at all. When requirement for homes is way higher than what is available, properties get to sell for more than what they are actually worth. But when there are lesser buyers than the number of properties offered in the market, the atmosphere forces home values to plummet because there is a slowdown in home sales. People who own a mortgage usually end up paying more for the present value of their property. What could be more distressing is that most of them are unable to keep up with their monthly mortgages because of the turnaround in economic conditions.

So creditors are facing the risk of ending up with a big inventory of foreclosed homes, which is never a desirable situation for anyone in the lending business. Creditors make earnings on loans and not on homes, so the soonest they can dispose of non-performing assets, the healthier for the business. Eventually, a short sale will become their best alternative. Less money than what was initially lent out is better than no money at all if they maintain a big inventory of unsold or foreclosed homes. The cost to keep these homes so they stay saleable is furthermore an added consideration for these lenders.

However, short sales are not relatively easy to do. It's not as short as the name suggests - the procedure is lengthier and the negotiations can become quite challenging. It's just the price that's truly short. First, the homeowner must influence the lender that selling by means of a short sale will be their most favorable option. So they have to show that a short sale will be more favorable than a foreclosure and sooner or later selling the property as an REO.

Secondly, owners have to produce actual offers from buyers who are eager to carry out a short sale transaction. Then, the sellers or their agents will have to convince the creditors to approve the offer, which in reality is already seen as a loss to every lender. There are more processes to follow and more negotiations to handle. Short sale transactions typically take thrice longer than a typical purchase transaction. So if it normally takes a month on the average to finalize a standard purchase, short sales can take as much as three to six months to complete.

It is highly recommended that you work with a short sale expert who has mastered the essence of timing if you intend to purchase a home on short sale. Knowing the ins and outs of this special type of transaction gives them the upper hand, just as it assures you of a better chance of finally getting a home at a much lesser cost.

spread of 30 / 31.25p +0.75p

now over the opening price and volume reaching 1.4M not seeing for some time

it was on that basis and a very strong bid book that i have placed an order, but i'll have to see if it's filled as won't chase the price

Order book has got very strong on the bid side 868K v 233K
no wonder that the "AT" are taking the offer price higher

filled at 30, so let's see whether or not i have been an idiot yet again

re - i have placed an order

any advanced at what price?

see above!

I could see at 30+ unless is a delayed trade

The order book remain strong as the 411K order at 29.50p has not been filled, and looking at the prices paid most likely will remain there for today

there are other before that at 30.25, 30p and 29.75K totalling 70K

don't care what you can/can't see ..... do so hope you aren't going to call me a liar, because that would be very stupid of you

will answer later to bad temper one

no need unless you so choose ...... suppose i may as well put you of your misery - my order was filled internally with another **** client, so of course it doesn't show elsewhere

re - buy @ 30p

GOT YOU >>>>>>>>>>>> your words >>>>>>>> LIAR

got my reasons busy at the time to give a proper answer

silly silly silly silly boy! ...... go and read 618 ...... you should have learnt by now that if i say i have done something at such-and-such a price it is 150% accurate ..... would like a stab at how many i bought at 30p perhaps?