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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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Post by jerichojon May 08, 2013 6:36pm
79 Views
Post# 21355310

Management selling shares?

Management selling shares?

Anyone want to comment on this???

This is the last real news out of the company. Good job, im equating my failing portfolio to things like this. I understand KRN is in a sensitive area with shorting and looking for finance. Couldnt this little $160,000 been done after you got finance. SEDI ,Reuters, and CanadianInsiders.com show a decent salary. I hate seeing any Manangement selling shares, especially when finance is the only thing left for a milestone. Public traded 2010??
 

Canadian Insider

https://www.canadianinsider.com/node/7?menu_tickersearch=krn

At the time it was 15,000 shares, i see now that it is 20,000. I understand that its small compared to what it is held. But when all your looking for is finance to start building a project. I believe this is the last person that should be selling shares. Isnt the CFO the person that is suppose to be getting money for the company/share holder not himself? Maybe he doesnt see financing coming and this is why the price is tanking?

https://www.reuters.com/finance/stocks/officerProfile?symbol=KRLTF.PK&officerId=1538379

$263,00+$165,00= $428,000 this year for KRN not being financed, thats more than my whole portfolio. Must be nice

 

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