Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

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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 31, 2013 2:33pm

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Post# 21866089

RE:Next Tueday

TimTimTim, No idea why Tuesday. However these guys have access to tools and info and his trading experience matters a lot. My personal reading is the bear raid will pause to accumulate. As you noticed there is hardly any interest today to buy under 1.6 so apparently there is every chance of another bear raid or mercifully it is spared .... so mid next week wait and watch appears logical. However, I am implusive so got some yeterday and anticipate that KRN due to low volumes will prop up to 70% value from new low to last resistance i.e. 1.75 some time in next 5-10days.

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