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Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. The property is situated in Saskatchewan, south of Wynyard and contains a dominant zone of potash and magnesium minerals. Its Wynyard Potash Project is a Carnallite/Sylvinite solution mining project in central Saskatchewan. It has a 100% interest in KLSA 010, KL 247A, and KL 246 mineral leases comprising approximately 367 square kilometers (km2) (90,766 acres) of mineral rights. It also owns around 4,100 acres of surface land. The project is located approximately 190 km east of Saskatoon, SK, or 176 km north of Regina, SK. It is also exploring the development of the Proteos Nitrogen Project. The Proteos Nitrogen Project is an advanced stage development project consisting of a proposed small-scale nitrogen fertilizer plant to be located in Central Saskatchewan.


TSX:KRN - Post by User

Bullboard Posts
Comment by MissingA9on Oct 10, 2015 1:24pm
144 Views
Post# 24182252

RE:RE:RE:RE:RE:RE:RE:The Story...

RE:RE:RE:RE:RE:RE:RE:The Story...That is resaonable logic and I sincerely hope you are right.  Lets hope for that pop to 3.15 and a chance for shareholders to decide which direction this company goes with a vote. But sheesh - if you are right, I am very surprised the type of internet footprint this guy has - he should take a few grand and hire a PR firm to fix his appearance.  Billionaires don't need to proclaim their worth in every piece of correspondence ever written ... This guy is definitely eccentric (which is the one thing he has in common with some tycoons) and I do feel for him as he seems to have had some major struggles in his life which could also influence why assets are not advertised and his net presence is unusual - so I am willing to give him the benefit of the doubt (since I too have had struggles and know how that can really affect one's outlook on life etc).

happy thanksgiving all (for our Canadian friends)

mdjbrown wrote: mbmbm, I really don't know what to think, but what is clear, is that our board has been taken over by new posters who are promoting Mr. Braich's proposal, and those who loathe him personally........I highly doubt that anyone would subject themselves to the public embarrassment of submitting a proposal to acquire a company, if they did not have either the means themselves, or a financial backer...........Especially when considering both Mr. Mistry who made the announcement on behalf of the Braich Group, and Ms. Hayer Dusange's credibility have also been attached to this proposal...............One thing I am struggling to comprehend, is if in fact this offer was not credible, that would be apehrant within hours and should not take Dundee's team of professionals 3 weeks to establish that..........If it has, KRN better find another financial advisor.................jmo


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