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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
Post by businessenseon Jun 09, 2018 10:45am
252 Views
Post# 28149718

ENDLESS ERRORS

ENDLESS ERRORSBetween everyone looking to be right and countless errors that has wasted this company millions, Wheatley’s letter shareholders is just another ill-conceived tactic that is embroiling everyone in one more controversy with attacks that would be better spent explaining the merits of why a nitrogen plant makes any economic sense before looking to pass a motions wasn’t very bright.

Whether we call them errors or stupidity, hiring one consultant, lawyers etc., after another who are more than happy to take your money, with all their degrees there doesn’t seem to be one smart one who can put a sensible business plan together. 

Add all the consternation that is created when trying to broaden the companies horizons with a name change or constantly changing Board members year after year, there clearly seems to be lacking a great deal of grey matter on both sides.

At this point it may very well take another before they come up with something constructive, IF EVER?
Bullboard Posts