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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 cacheitinon Dec 13, 2012 10:56am
339 Views
Post# 20724829

RE: EIS...Big Whoop!

RE: EIS...Big Whoop!

Kapn.  

I know that the truth and the facts don't matter to you at all , but I thought I would attempt to inform you of both.

 

Krn shares are tightly held. Robin Phiney alone holds 18  percent of the company, twice the total of all the board of directors of Wpx put together. The reason the volume on Wpx is so high is because they have a float of

200 million! They have seriously diluted. Krn only has a float of 21 million very tightly held shares. 

 

Try to put an order in for 50,000 shares of Wpx and you might move the sp 1 -2 cents. Try to put an order in for

50,000 shares of krn and you will send the sp over $10 , but I guess you will be finding this out for yourself soon enough when u get caught in a massive short squeeze!

Bullboard Posts