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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.


TSX:KRN - Post by User

Karnalyte Resources Inc
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Comment by dean68on Jun 27, 2012 1:27pm
233 Views
Post# 20060242

RE: RE: RE: Clarus Securities Inc. - KRN Report

RE: RE: RE: Clarus Securities Inc. - KRN Report

yea, seems like something is going on here.  stock seems to be dropping pretty hard on no news and right before the AGM.  Granted the total sell dollars are only around 100k i don't know if it translates to panic selling but still the percentage drop certainly speaks volumes. 

 

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Dealroom for high-potential pre-IPO opportunities