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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News of update today

Project Operations Update

Sunkar Resources plc (AIM:SKR) is pleased to present an update on its ongoing dicussions with potential strategic partners on the Chilisai Phosphate Project and Direct Application Rock ("DAR" or "phosphate flour") sales.

Discussions with several potential strategic partners ongoing

DAR sales interest growing as revised fertilizer subsidy scheme implemented

Industrial scale testing now anticipated in Q3 2011

Feasibility Study anticipated in late Q3 2011

Strategic Partner discussions

The Company is in discussions with several potential strategic partners for the Project in parallel with developing the Feasibility Study for the Chilisai project.

Interested parties are undertaking due diligence, with access to the full Preliminary Feasibility Study Report, and technical and geological information. A number of the parties have already completed site visits. Amongst those parties conducting due diligence, are well established fertilizer market operators as well as non-industry specific parties.

DAR sales

The Company launched its first milling train in December 2010 and the milling and loading complex was completed and commissioned within the first quarter of 2011. Operations are anticipated to ramp up in the second half of the year following the implementation of the revised Kazakhstan government fertilizer subsidy programme. As a result of this delay in the domestic subsidy changes, interest in DAR sales came mostly from Russian buyers, farmers and fertilizer blenders, who after trialing DAR are interested in further orders. The Directors believe that establishing commercial relations with bulk fertilizer trading organizations is of particular importance for the Company at this stage.

The Company has signed several agreements for subsidised commercial sales of DAR with local Kazakhstan agricultural producers. The shipment volumes contracted are in excess of 3,000 tonnes of DAR which is to be delivered during the period of July- August 2011.

Initial market reaction has convinced the Directors that DAR sales will grow during the short to medium term and they expect these to provide considerable cash flow to the Company as it progresses through the next stage of the Chilisai Phosphate Project's development. The growing interest in Chilisai phosphate product underlines the potential of phosphate flour providing a good, relatively low cost source of phosphate for farmers in the region.

Industrial Scale Testing

Since Sunkar initiated DAR production, significant interest has been shown by potential industrial buyers to secure bulk phosphate rock shipments.

The Company announced on 7 April 2011 that it had signed a protocol with the Russian company Meleuzovskie Mineralnye Udobreniya ("MMU") to conduct industrial scale tests in the first half of 2011 at its compound fertiliser plant in Meleuz, Russia. MMU recently notified the Company that capital repairs are required to their phosphoric acid unit to replace failing mechanical equipment and suggest that industrial scale tests are conducted after the completion of renovation. Therefore it is intended to revisit the industrial scale tests agenda in the third quarter of 2011.

The Directors believe that cooperation with MMU may result in an agreement for a long term off-take of a substantial part of the current output at the Chilisai mine.

Feasibility Study

Completion of the Feasibility Study will be pivotal in the development of the Chilisai Phosphate Project so it is of paramount importance to ensure that all aspects of the report are comprehensively prepared, reviewed and coordinated. The majority of the study, in particular the technical aspects, is virtually complete. Currently, verification testing for final technology approvals is being completed.

Agreeing the scope of another essential aspect of the Feasibility Study - the Environmental and Social Impact Assessment ("ESIA") has taken a substantial amount of time due to the various sets of requirements and regulations of the Kazakhstan legal system, the engineering firm's internal standards, Equator Principles, World Bank guidelines and recommendations by the project finance advisor. There are certain obligatory stages of an ESIA, such as public hearings in the area of the future chemical plant, which can only be conducted after the basic design of the chemical plant has been finalised. The completion of the ESIA is anticipated in the third quarter of 2011. Accordingly, the Directors currently anticipate that completion of the Feasibility Study will be towards the end of 3Q 2011.

Serik Utegen, Chief Executive Officer commented - "We are generally very satisfied with the progress made to date. The seriousness of potential partners' approach to due diligence is encouraging and we look forward to seeing a very active second half of this year. The feasibility study for the project must account for all possible aspects of its future construction and operation and requires the sign-off of by a number of parties. We are glad to see the majority of the work has been completed and the study is now in the final stages of completion."

"Following the implementation of the Kazakhstan fertilizer subsidy programme, we have started to receive orders for DAR from Kazakhstan farmers and whilst overall quantities remain modest, the growing interest is encouraging."

up she goes again

I thought that was you MRSI :-)

http://www.investegate.co.uk/Article.aspx?id=201107190700116142K

StockMarketWire.com
Sunkar Resources has announced an update on its phosphoric acid and phosphate fertilizer technology tests.

Full international specification DAP and MAP can be produced from Chilisai rock - two independent acid treatment technologies have been evaluated at the pilot scale and the test results are positive and consistent with earlier laboratory and bench-scale tests

Serik Utegen, Chief Executive Officer commented:"We are very pleased that the pilot plant re-confirmation tests and acid post treatment tests have produced the results we have been expecting.

"The confirmation that our phosphoric acid technology is valid for phosphate rock collected from various parts of our very large deposit gives the Board confidence that the chemical complex we are proposing to build will process the Chilisai mine output consistently through many decades."

RNS Number : 1477L

Sunkar Resources PLC

27 July 2011

Sunkar Resources plc ("Sunkar" or the "Company")

Drawdown on Equity Line Facility and Total Voting Rights

Sunkar Resources plc (AIM:SKR) announces that it has drawn down GBP301,750 of the Equity Line Facility with Dutchess Opportunity Cayman Fund, Ltd ("Dutchess") and First Columbus LLP which was announced on 30 June 2010. The funds will be used for working capital purposes. The undrawn amount of the Equity Line Facility is GBP8,598,250.

A total of 1,775,000 ordinary shares of 0.1p in the Company (the "Ordinary Shares") at a price of 17p (as determined pursuant to the terms of the Equity Line Facility) have been allotted to Dutchess subject only to admission to trading on AIM, which is expected to occur on 1 August 2011.

Upon admission of the Ordinary Shares, the Company will have 166,634,074 ordinary shares in issue. The Company does not hold any shares in Treasury. The total voting rights in the Company upon admission of the Ordinary Shares will be 166,634,074.

there are now taking the piss out of private investors get out

.

10p is coming do not buy

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!