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Bullboard - Stock Discussion Forum
Karnalyte Resources Inc
T.KRN
Alternate Symbol(s):
KRLTF
Chemicals
Consumer Cyclical
Advertising Agencies
Basic Materials
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. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash...
Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.
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Bullboard (TSX:KRN)
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(494)
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mdjbrown
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Comment by
mdjbrown
on May 03, 2022 11:12am
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nothing like a national news story to turn the heat up
fishtruth, dont forget that each member of the board that approved that Rights Offering also doubled their shareholdings at .17 cents as well. That is very easily verified on SEDI, and if I recall
...more
(3)
•••
fishtruth
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Comment by
fishtruth
on May 03, 2022 10:52am
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nothing like a national news story to turn the heat up
Mr. Brown the only shareholder to profit from the rights offering was GSFC. Wheatley was the president at the time. The board consisted of Zachanowich, Matson, Szabo, Rowan Navanaty and Varma. 3 of
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(494)
•••
mdjbrown
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Comment by
mdjbrown
on May 03, 2022 9:01am
RE:RE:RE:RE:RE:RE:RE:RE:RE:Nothing like a national news story to turn the heat up
bk, thats the billion dollar question. Who in the corporation initiated the Rights Offering that effectively handed over control to GSFC, and how did not only the corporation, but also all
...more
(62)
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bigkagan
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Comment by
bigkagan
on May 02, 2022 9:41pm
RE:RE:RE:RE:RE:RE:RE:RE:Nothing like a national news story to turn the heat up
On the BOD three out of 5 directors are from Gujarat - this thing shouldn't even be allowed in Canada. They are not allowing a foreign takeover of Canadian banks, so why did they allow this
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(494)
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mdjbrown
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Comment by
mdjbrown
on May 02, 2022 6:16pm
RE:RE:RE:RE:RE:RE:RE:Nothing like a national news story to turn the heat up
Gotta say, very impressive Okotoksboy. You joined Stockhouse May 2019 and this is your first post. Waited 3 years to get that off your chest.........Oh the anticipation! No
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(0)
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Okotoksboy
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Comment by
Okotoksboy
on May 02, 2022 4:36pm
RE:RE:RE:RE:RE:RE:Nothing like a national news story to turn the heat up
ask Mr.Brown about his shady dealings. We wouldn't be in this mess. The Friends of Karnalyte that Mr Brown recruited joined the GSFC board members and stabbed all the shareholders in the back.
(62)
•••
bigkagan
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Comment by
bigkagan
on May 02, 2022 4:19pm
RE:RE:RE:RE:RE:Nothing like a national news story to turn the heat up
Politicians must intervene is this whole affair because the gov't is missing out on the taxes they could collect from the KRN mine and jobs it would provide because of all these shady dealings
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(4)
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Trade33right
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Comment by
Trade33right
on May 02, 2022 3:37pm
RE:RE:RE:RE:Nothing like a national news story to turn the heat up
So you are saying GSFC is benefiting from a lack of performance of the GSFC board at KRN.
(494)
•••
mdjbrown
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Comment by
mdjbrown
on May 02, 2022 3:30pm
RE:RE:RE:Nothing like a national news story to turn the heat up
fishtruth, it certainly is a bit confusing as there was the original January 2013 Subscription Agreement and Offtake Agreement, followed by a Framework Agreement in both 2015 and again March 18, 2016
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(3)
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fishtruth
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Comment by
fishtruth
on May 02, 2022 11:23am
RE:RE:Nothing like a national news story to turn the heat up
Ok I have read the OFF Take Agreement again. I focused on the termination clause. Seems both GSFC and Karnalyte after the 2 year to start of production period lapsed, their memory of the agreement did
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(3)
•••
fishtruth
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Comment by
fishtruth
on May 02, 2022 10:15am
RE:Nothing like a national news story to turn the heat up
Very interesting. I will have to look at the contract myself, and put it into the timeframe of Oct 2016 to see who the KRN management was at the time. This would seem to be another conflict of
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(494)
•••
mdjbrown
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Post by
mdjbrown
on May 02, 2022 9:38am
Nothing like a national news story to turn the heat up
Heard from a previous director yesterday, and was told I am looking in the wrong place for some of the answers I seek, and that the January 10, 2013 Offtake Agreement signed between Karnalyte
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(62)
•••
bigkagan
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Comment by
bigkagan
on May 01, 2022 9:35pm
RE:RE:RE:RE:This Canadian mining company is sitting on billions worth of
Nobody said yet if it's good news or bad. I'll be watching the stock tomorrow like a hawk, heh
(1)
•••
HermanMonster
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Comment by
HermanMonster
on May 01, 2022 6:49pm
RE:RE:RE:This Canadian mining company is sitting on billions worth of
Usually, but not always, but most of the time with small junoir like this, the CFO is in communications with third party proxy counter, falls on their desk. Which the CFO in 2018 is now the Interim
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(62)
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bigkagan
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Comment by
bigkagan
on May 01, 2022 2:45pm
RE:RE:RE:RE:RE:holy sheeeet
I thought AGM would be in Vancouver in one of those dilapidated buildings on Hastings Street
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