Karnalyte Resources Inc T.KRN

Annual results are out

[patospower]

And it is pure TRASH.

• STILL not in discussion with anybody re: financing the project.
• STILL "building a marketing plan" just to MAYBE start talking to people one day???
• Technical report will not be ready until end of Q2.

As I feared, we'll be missing the boat. 99.5% certainty. At BEST, they'll finally secure financing at the absolute peak potash price and the project will be ready to go live right back at the bottom of the cycle. GSFC clowns are the worst group of useless blowhards I've ever seen.

[bigkagan]

FYI Q2 starts tomorrow, the stock will rise in anticipation of the report. And don't worry, wars and bad weather guarantee high agri prices - we have 150 mil. people adding to the Earth's population every year and agricultural land shrinking due to housing and what not

[patospower]

Even if prices keep rising for 2 years, that's how long it'll take KRN to get financing (actually longer, at this rate). Then the construction another few, and voila, back to square 1. By that point everybody else will have ramped up production like crazy, Belarus will be back online, and supply will outpace demand again. And to top it off, share count will have been further diluted to

[bigkagan]

With the market cap at $40 this company is dirt cheap for a construction-ready company. Even with Belarus, the potash supply is limited and needs new sources. Look at uranium - plenty of supply and yet exploration stage companies like FCU, NXE and DML are in the $100's of millions and even $billions range. How is potash worse than uranium?

[windywolf]

Hey guys. No adding today. Didnt go low enough. go krn

[windywolf]

Tight share count. Why not push it to two bucks and do a financing. I see It all the time.

[bigkagan]

With $40 mil. cap and just a financing separating it from $50 SP this is a gem and a "miilionaire maker" if you ask me. I'll keep it as long as it takes, have other stocks if I want to trade, hee

[gossamer9]

This post has been removed in accordance with Community Policy

[mdjbrown]

patos, a cash preservation strategy appears to be the focus at this time, as the company has announced it currently has 1 full time employee / 0 part time employees, and are operating from a virtual office. From the 6 or so lawsuits out there, it appears one has been cleared from the books, so that is certainly a good start. "In the fourth quarter of 2021, the Company reached a settlement

[bigkagan]

The technical report update is on schedule to be finished in Q2 - I think some money guys told them to do the update before they do the financing

[mdjbrown]

Dont be too hard on GSFC patos.   Back in February 2018, a GSFC Memorandum written to Karnalyte agreed in principle to allocating $2 million to the nitrogen start up, to furthering discussions regarding financing the Wynyard Project, and green lighting a selective solution mining project, all to create shareholder value.  The dilution attached was minimal. Shareholders interested will

[ohjeezuz]

well its good to know when the feas should be out at least. Sounds like a months wait. Watch for the shares to start to move on no news. If so the feas is probably looking good from a wood consultants point of view.