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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
Comment by TimTimTimon Jun 16, 2014 3:55pm
232 Views
Post# 22664483

RE:RE:RE:RE:RE:RE:It will be Taken Out!!

RE:RE:RE:RE:RE:RE:It will be Taken Out!!rythman, sorry didn't explain myself properly. The only Insider in what I was referring to as "Robins group" is Robin himself. He is not doing the buying, in fact I am not sure if he is even allowed to at this time. I was referring to family, friends and loyal acquaintances. This group had a sizable position in the millions prior to Robin's dismissal, and I am told have been adding to their positions daily. The other group, those who have pledged their shares for the inevitable vote has been increasing in numbers dramatically. I am one of those who has pledged their shares, fyi- I have added 10,000 share to my position over the past few weeks as well. With these numbers I cant see how Robin can not regain control of the Company, IMO almost a forgone conclusion now. Almost, but you never know. In the end I doubt very much this is going private, Mr. Phinney will get his Mine build in the long run.
Bullboard Posts