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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
Post by dean68on Nov 15, 2012 2:34pm
380 Views
Post# 20605986

frustrating...

frustrating...

Unfortunately, I am one of the long investors in this stock.  but looking at the returns, down over 20% in 3 weeks and over 60% in a year there is not much to get excited about.  there are very serious concerns.  Potash corp shut in two mines temporarily because supplies are outpacing demand.  KRN is certainly participating in this pain as they are currently negotiating with JV partners from a position of weakness.  The market's sell off as i see it is assuming less than rosy terms on any potential JV or is preparing for dilution based on the previous release.  furthermore, there hasn't been any news on the EIS as of yet.  Positive news can certainly change the sentiment of the stock but until then we are at the mercy of the shorts.  and in their defense they are the only ones making money this past year so they have the right to be arrogant, hopefully fortunes will change and the longs will soon be able to feel this way. 

i hope for positive news soon.... 

Bullboard Posts