Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

Chemicals Consumer Cyclical Chemicals Advertising Agencies

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

Bullboard Posts

Comment by lotusprinceon Oct 23, 2013 4:41pm

162 Views

Post# 21842659

RE:RE:RE:RE:RE:$1.85 is critical to hold, just critical.....

FinalEpiphany,
You need to realize the bigger picture or will never get the picture right ! I truely believe there are no manipulation. What is happening is money rotation and that impacts cyclic commodities like Potash which are facing a bad times. I do own trading position in KRN and am down 11cents. I have made money on KRN before and will make some again.

Reason for KRN to go higher will be specultive takeout rumours !

Bullboard Posts

Global Tungsten Market and Supply Security