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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 Dec 05, 2020 12:49am
112 Views
Post# 32043222

RE:RE:RE:RE:Farmer Logic

RE:RE:RE:RE:Farmer Logic

How long has the current Chair, other board members and the Interim CEO been involved?

Lots of accountants involved. Even in interim CFO and a consulting firm of accountants. 


The Chair is a CFO, the one Canadian guy is an accountant, the interim CEO an accountant and the interim CFO too and they hired an accounting firm to give strategic advice? And none of the accountants have invested given their inside information, vision or commitment to shareholders by putting some of their own money in? 


My accountant does my books and my corporate tax return, not my personal one as I can do that. But I look to the accountant for tax advice sometimes for the Corp but never for strategy. They are good with numbers. I always thought if they were good at business, they would be entrepreneurs. Some are to a certain extent, but the profession is very defined and rules based. 


knowing what they know, why wouldn't anyone of these accountants on the board even make a small personal investment? 


They are taking money out and refuse to buy into their strategic vision? 


How can the self touted rare Female CEO not back up her title with an investment in the Corp that gave her a chance and for which she is responsible for the vision and execution of strategy? Wouldn't that help improve her credibility? And the other board members too?

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