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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. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.


TSX:KRN - Post by User

Post by mdjbrownon Nov 23, 2020 9:27am
878 Views
Post# 31951385

I feel terrible for new management and the board

I feel terrible for new management and the boardas how can they possibly develop any type of strategy when they are continually being bombarded from every angle.

On this side of the pond you have the csg publicly spewing constant accusations demeaning current management, the board, and GSFC.

On the other side of the pond, claims of Karnalyte being a "dud company", "a siphoning agent", and "a dubious company in Canada" are coming out of a country that has more than its own fair share of corruption related problems.

 
 “But GSFC is today the biggest shareholder of Karnalyte, by all accounts a dud company, possibly its only utility being as a siphoning agent.”

 “Who decided in 2013 to invest Rs 250 Crore in a dubious company in Canada ?”


Not exactly glowing endorsementsfor a company that requires crtical major investment to move forward.  This mess needs to be cleaned up, and the truth told so we can move on!




Alexander K. Luke
@aklukesalin
 
Truth is not what I know, truth is what I do not know. Truth is what I am seeking, every second of my life. Once a truth is found, my search for the next truth begins. That is ethics. You can search for truth only if you are journeying ahead constantly, for objective goals...



Alexander K. Luke
@aklukesalin
 
When I see what the politicians and our civil servants with their sweet deceptive tongues are doing, I am despondent. But looking at the common men and women facing life with courage and cheer, I know there is hope yet ...
 



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