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 Hoopeyon May 21, 2014 4:36pm

273 Views

Post# 22584343

Phinney was KRN

As soon as Phinney (CEO) wasn't the boss, I new this was going to be a disaster in the making. It was his vision for this company to succeed and that was the only reason I bought shares. He has a lot of family invested in this company and when he offically pulls the plug (I hate to say it) the share price will crumble well below a dollar. I hope you all do some DD and re-think your strategy, because it is going to get bumpy for the next few months.

TTYL

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