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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. 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... see more

Bullboard (TSX:KRN)

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Comment by ohjeezuzon Apr 04, 2022 4:22pm

RE:RE:RE:RE:RE:RE:RE:summary of lawsuits

theyre going to need to do some sort of financing soon. General and administrative costs were 1.8m last year and they have 1.8m in cash and cash equivelants 
Comment by bigkaganon Apr 04, 2022 2:31pm

RE:RE:RE:RE:RE:RE:summary of lawsuits

There are plenty of other financing sources. If it looks like a profitable operation after the update is made later this Q I bet somebody will come up with the financing. Like they say, a holy place ...more  
Comment by mdjbrownon Apr 04, 2022 2:29pm

RE:RE:RE:RE:RE:RE:summary of lawsuits

Agree patos, and yes GSFC and every other fertilizer related companies share price has done quite well in the past few months. I dont think it is any secret that in early 2010's countries such as ...more  
Comment by patospoweron Apr 04, 2022 1:41pm

RE:RE:RE:RE:RE:summary of lawsuits

Hi Dan, I think he meant GSFC is doing better overall now, not just their investment in KRN. Either way both are true but GSFC doesn't want to make the financial investment in Wynyard, at least ...more  
Comment by mdjbrownon Apr 03, 2022 1:06pm

RE:RE:RE:RE:summary of lawsuits

hf57, there is no doubt GSFC is in much better shape today, and large in part as a result of the Rights Offering. It was always rumored GSFC was calling the administrative and operational shots ...more  
Post by highflyer57on Apr 03, 2022 11:27am

RE:RE:RE:summary of lawsuits

Is Gsfc not in much better shape than two years ago when their shares were down to 39 inr now they are 174 inr.
Comment by mdjbrownon Apr 03, 2022 10:49am

RE:RE:RE:summary of lawsuits

you are welcome ohjeezuz Below the surface nothing has changed with the Wynyard resource, but on top there are several issues left behind by previous parties that likely need to be cleaned up before ...more  
Comment by ohjeezuzon Apr 02, 2022 4:28pm

RE:RE:summary of lawsuits

Thanks mj. Lawsuits look minor in comparison to the wynyard project npv.
Comment by mdjbrownon Apr 01, 2022 7:27pm

RE:summary of lawsuits

ohjeezuz, this info is all publicly available on SEDAR in recent corporate AIF / MD&A disclosure In the fourth quarter of 2017, Karnalyte received a statement of claim filed at the Court of ...more  
Post by ohjeezuzon Apr 01, 2022 2:06pm

summary of lawsuits

patos or anyone else, would you care to summarize these lawsuits for me? It seems like this is the only separating this company from a buyout or some activist investor coming and replacing management.
Comment by ohjeezuzon Apr 01, 2022 2:00pm

RE:Annual results are out

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 ...more  
Comment by ohjeezuzon Apr 01, 2022 1:58pm

RE:RE:updated feas

cause rick rule doesnt care about potash 
Post by mdjbrownon Apr 01, 2022 10:27am

Anyone?

Could someone please explain why a company that has not broke ground on phase 1 of the project would be responsible for providing funding to settle a decommissioning liability, when according to a ...more  
Comment by mdjbrownon Mar 31, 2022 7:11pm

RE:Annual results are out

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 ...more  
Comment by bigkaganon Mar 31, 2022 2:26pm

RE:RE:Annual results are out

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
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