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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Post by prairie08sheikon Aug 09, 2013 7:01pm

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Post# 21660672

Taking it on both cheeks!

One expects some panic in the market with the bad news from the Russian company. However, this should be factored in now unless there is something more hidden to keep the pressure on. Or, maybe someone has the word out to keep the pressure on it, sort of like the Michael Douglas movie, Wall Street.
I am surprised with the continuing falling of it. Looked at AAA and it sort or recovered.
PPI keeps up their PR campaign on it's stock. EPO and WPX hanging in there. Brazian ones some correction.

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