Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by HermanMonsteron Jul 09, 2020 11:03am
140 Views
Post# 31245205

RE:RE:RE:RE:RE:Thank you Ms Favreau

RE:RE:RE:RE:RE:Thank you Ms FavreauMr Brown
It is not uncommon here in Canada, for private company to have a large stake in a publicly trade company, but they typically don’t put there own employees on the board, extremely unusual. They typically put some who’s judgement they trust that is independent of their organization, a proven and seasoned professional with a good track record. The key is independent.
What I find extremely alarming here, GFSC has two of three directors, there is no independence here. It leaves other shareholders at risk of board making decision that are in GFSC best interest only. 
I would argue that a seasoned and professional CEO would not let this happen without a fight. Opposition to this board could get you fired, but at least you would have your integrity.
There are only two things a professional has of value for employment, their integrity and their knowledge. If you lose your integrity all you knowledge is worthless, and your value goes to zero.
HM

<< Previous
Bullboard Posts
Next >>