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.

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Karnalyte Resources Inc

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Comment by amhbon Dec 11, 2012 12:09pm

249 Views

Post# 20713335

RE: RE: RE: RE: RE: RE: Shorts are scared this mor

Yes the 'buddies' at CIBC have been doing this short for a long time. They do not have many shares left to short. Then soon need to buy back. Almost 450,000 shares need to be bought soon!

It takes about a week to a month to get a long term rail contract. You can have 'instant' access at a higher price. Rail in not an issue. They need the rail in 18 MONTHS!

You and the guys at the CIBC office in Saskatoon are doing a 'fine' job of trying to push the price down. Long term Not a chance.

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