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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 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

Bullboard Posts
Comment by dean68on Jul 10, 2012 11:10am
242 Views
Post# 20098026

RE: RE: Such low volume but price drop?

RE: RE: Such low volume but price drop?

perhaps people are shorting because the news isnt so good? seems pretty dangerous to short such a thinly traded stock when it seems that everyone is expecting good news that will significantly increase the shareprice....  I'm not trying to bash the stock but between the AGM, all the analysts, all the rumours, everyone is dumbfounded on the shareprice dropping as much as it has.  any news less than awesome could create additional selling (even from these low levels). from what i hear and see the sentiment doesnt reflect the price action, either the longs are wrong or the shorts are wrong, I'm still optimistic on good news but if I recall the price dropped prior to the lousy financing, and continued to fall before the announcment of the cancelled financing and the regulator issues as well.  seemed like the sells were better informed than the longs, who's to say that's still not the case now?

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Bullboard Posts