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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
Post by swishmelonon Feb 20, 2014 7:20pm
200 Views
Post# 22232399

Long term up.

Long term up.Share holders would have to vote to allow a more than a 19 percent equity position from the India firm. I believe management and directors have the intention of preserving shareholder value by non dilution of shares as they are already large holders of stock. Potash price is already increasing will be a different story in a few quarters. This stock is so thinly traded try and purchase any amount and see what happens. Probably just day traders effecting the price up and down. Poor global world grain prices aren't helping. This could all change by fall.
Bullboard Posts