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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 mdjbrownon Aug 23, 2021 10:02am
156 Views
Post# 33747894

RE:RE:RE:RE:For centuries a proven strategy has been successful in war

RE:RE:RE:RE:For centuries a proven strategy has been successful in warbiz, if memory serves correct, from 2007 leading into 2013, milestone after after milestone were being accomplished by the then management team to the point that a construction ready moniker was being refered to describe the Wynyard Potash Project status.

The only hold back at that time was the natural gas trunk line being brought east which was going to cost $65 million, if I remember right. 

Then along comes GSFC in early 2013 and internal disfunction became far more apparent. 

In fact, the founder was pushed out the office door a day after the 2014 AGM, even though shareholders just a day prior voted 98% in his favor.

Each time a show me the money moment has arisen, GSFC has wilted like last years rose garden, leaving a patch of sharp, painful thorns to navigate through.

It would be a real eye opener to hear from all the past CEO's that have had to deal with GSFCs antics over the past 8 years, as there have been many, and all of them appear to point to one problem at the end of their tenure.  Any guesses who?

Many Karnalyte shareholders would argue that GSFC has had more than enough time to advance the Wynyard Project, have failed to do so, and its time to stop the games. 

Dont forget, for years GSFC has controlled the narrative of Karnalyte, and they need to be held accountable for the blunders as much or more than anyone else for holding up the show to suit their own agenda.



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