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Bullboard - Stock Discussion Forum 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... see more

TSX:KRN - Post Discussion

Karnalyte Resources Inc > Karnalyte Karnage
View:
Post by bigkagan on Apr 12, 2022 3:59pm

Karnalyte Karnage

What a shame
Comment by HermanMonster on Apr 14, 2022 11:31am
In the last proxy fight, this CEO claimed to be a diversity candidate and that appears to be the high lite of her qualifications, the rest of her qualifications in the proxy didn’t match her resume on Linkedin. The clock is ticking on getting something going with this company, if you can’t accomplish anything when your at historical high potash prices then you are a disappointment and probably ...more  
Comment by ohjeezuz on Apr 14, 2022 11:49am
yeah lets get a new ceo in here. either a mine builder or a promoter
Comment by businessense on Apr 14, 2022 11:59am
A lot of that going back a long way.  As to why no one has stepped up and who has the capital and structure required to get this done, remains the 3/4 of a billion dollars question?
Comment by mdjbrown on Apr 17, 2022 9:11pm
HM, with the corporation reporting in the last financials that Karnalyte currently only has 1 employee, and a virtual office, it wouldnt be a stretch to assume the corporations strategy is to hold tight.
Comment by patospower on Apr 18, 2022 12:42pm
Yeah it's clearly just Danielle, and probably the contractor CFO who's techincally not an employee. At least they're finally trying to preserve cash while mothballing Wynyard, it's just that timing couldn't be worse. The good news is it appears they want to go forward but are waiting on the TR update first. Having to wait on that is not good news, but the fact that they are ...more