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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 06, 2016 1:58pm
281 Views
Post# 25318329

RE:Letter to Stockhouse

RE:Letter to StockhouseEveryone on this board has been extremely supportive of the Braich offer.  Shareholders were extrememly excited about the potential to move into production as a result of Mr. Braich's proposed capital injection.  I for one am extremely hopeful Mr. Braich will come back to the table with his original offer (or a slightly sweetened one give the advances in the company). The only hesitation on this board about Mr. Braich's offer was that it seemed to be too good to be true. Doing due dilligence about one's investment I think is within's one's rights as an investor and questioning whether a potential suitor has the means to pull off a potential deal is cetainly a worthy endeavor for an investor.  Now that the GSFC situation is presumably behind us I am personally rolling out the red carpet for Mr. Braich to come back and help this company start production.  As I said before - I am a supporter of Mr. Braich given the ordeals he has been through in his life and that I was going to be the first person to deliver him a bottle of scotch when the deal goes through.  Welcome back Mr. Braich and I think I speak for all shareholders when I say that we apologize if you and your colleagues were slighted anyway by the things said on this board which were never made with any malice, but we also hope that you can understand the ordeals that KRN shareholders have been through and given the massive ups and downs KRN shareholders have been through, folks here are just very cautious about their hard earned savings.
Bullboard Posts