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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

Comment by ErnestC1936on Aug 17, 2020 7:21pm
144 Views
Post# 31420366

RE:RE:News! 6th press release posted on Sedar by CSG - response

RE:RE:News! 6th press release posted on Sedar by CSG - response

Again, glad she has been such a friendly and nice person to you ans never sued anyone.  If I understand correctly, unless she recently bough shares, the CEO, CFO, Chairman of the Board and no other board members own any shares?! Does that not open this up for concern and potentially a lawsuit? I am no securities expert but I am invested in this company and do not feel confident when the whole Exec Team and Board own mood shares!? 


To say she is doing her job to stop any unecessary costs, just continues the cash availability for the Exec Team ans the Board to continue to get paid. I guess like Trudeau, she can say what is necessary and what is not. I don't have that power. But why does someone who doesn't own any shares have that power? Or the board for that matter. Shouldn't there be some business people with substantial personal money invested be on the board to vet the decisions of a CEO and CFO who have no risk/ownership/shares and something to lose, instead of just saving cash, to pay themselves? 

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