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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 crazytownon May 22, 2014 9:50pm
262 Views
Post# 22590230

RE:I am taking action so it prompts a question.

RE:I am taking action so it prompts a question.
A novel idea for those of us who got in at lower prices but why would GSFC or anyone who put in cash at a higher price agree to this. In addition, it seems many of us who got in lower are likely dumping since the announcement now with all the new uncertainty. As if this company didn't have enough problems. Kicking out a CEO with 4 million shares for a new guy with no skin in the game challenges allot of peoples risk tolerance. Who knows maybe Robyn has even already started selling. It seems unlikely he would trust these guys now with his money. Volume sure was up today. I truly feel for those who got in before the crash, and it is now getting ugly for those who got in after, and the summer doldrums aren't even here yet. Just my opinion, good luck to all.
Bullboard Posts