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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 Nov 19, 2021 6:26pm
440 Views
Post# 34148314

RE:RE:RE:RE:RE:RE:Q3 Financials out on SEDAR

RE:RE:RE:RE:RE:RE:Q3 Financials out on SEDARyix, this appears to be a coordinated effort by a market maker to transfer shares from one hand to the other.

This many shares (5 million)  trading in this tight range with no news is not retail transactions. Krn only has 40 million shares o/s

Not sure if its related to tax writeoffs,or liquidation of holdings, court settlements, or even related to the "settling of decommissioning liabilities", but something is up.

In 2016 after the announcement of the major financing, the share price quadripled on far less shares changing hands.

With the Phinney group and friends likely holding close to approx 7 million shares, CSG close to 4 million, GSFC holding 16 million shares, one of these groups would have had to liquidate a large portion of their holdings to another willing party to support the volume since Sept 1.

Requesting a NOBO list, and registered shareholder list once the dust settles will reveal the players but that wont be for a while yet.

237,560
83,090
735,626
393,250
492,807
201,440
100,000
11,688
43,372
72,183
133,900
151,400
47,500
41,000
63,888
42,000
73,500
45,850
275,821
102,846
20,470
23,000
64,100
46,200
55,000
129,165
9,000
70,916
47,500
8,978
83,000
77,500
12,419
7,176
738
64,000
65,490
74,071
167,000
182,982
93,017
39,159
19,248
35,976
21,000
10,000
54,850
 
48,056
 
16,665
500
17,360
18,513
 
1,864
4,933,634

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