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

Karnalyte Resources Inc

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Post by crazytownon May 01, 2014 2:42pm

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Post# 22513957

RE:RE:RE:RE:RE:Re:What happened to share buy back?

Actually that is not how I remember it. In fact If I remember correctly, AAA shares popped and were supported for a long time with only the announcement and not even any actual share buy backs. In addition, If I remember correctly, AAA was and is trading way above cash value and KRN is trading way below cash value therefore making the cases very different. KRN can essentially buy it's entire float and have cash left over, and to my knowledge all the other potash companies can not even come close. Just my opinion, good luck to all.

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