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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 Mar 17, 2016 2:07am
133 Views
Post# 24668307

danger

dangerwell - I don't know your story but be careful.  Sometimes investors let speculators extract all potential gains from them.  Don't buy at the top and hold dead money underwater for years hoping it will come back.  Nobody ever went broke taking profits and buying back in when the irrational exuberance fades away.  Keep in mind that when this stock is not in the newspapers it is extremely non-liquid with sometimes only 1000 shares trading daily (due to a very low float) - yes that is like 1000-fold less volume then what we are seeing this week.  A big investor making an exit under these condiions will devestate the share price, so yes, this is in every sense becoming an unstable bubble that may hurt lots of unsuspecting folks that get sucked into the hysteria propogated by day traders.

I am holding my position regardless as I watched it go from 13 ->0.5 and back up to todays price.  Thankfully I averaged down and am no longer underwater and I will continue to hold as I am a long term invester.  I just hate day traders as their greed tends to seriously hurt real long term investors ...


Moneyman007 wrote: I'm not going anywhere Friday. I actually live in the area. This is what I do.

im an equipment operator in the mines.  

Im holding on for a long time.

lets see what happens. Good luck






Bullboard Posts