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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 Aug 26, 2016 2:29am
136 Views
Post# 25179090

RE:RE:RE:hmmmm

RE:RE:RE:hmmmm
upon greater reflection my ramblings are beginning to clarify things in my mind - sorry for using the bull boards as my sounding board lol. 

The failure of Robyn to go along with wall street's status quo (robbing retail shareholders) is the major sticking point.  The massive dilution that wall street would advocate in this scenario is going to result in Robyn's friends and family ultimately taking sizable losses on this investment. Robyn is trying to reward retail shareholder wih generous returns for capitilizing the project with their initial investment and for holding the stock for years (God forbid that retail shareholders gets rewarded).  Most CEOs could not give a $hit about retail shareholders and would $crew over those IPO investors while denegrating them for being too stupid to play wall street's game and deserving to be bag holders for this stupidity. Given the grass roots nature of the initial investment - Robyn runs the risk of dissapointing many folks that are close to him hence his great desire to do the right thing and not throw retail shareholders under the bus for the investment bankers.  Ha Ha a CEO behaving in a way that rewards share holders - refreshing even if it is more out of necessity due to the large skins in the game of him personally and many folks he knows and whom he depended upon to get this off the ground.
Bullboard Posts