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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 Jul 21, 2014 7:19pm
272 Views
Post# 22767687

RE:RE:If you believe, that ALL gaps eventually get filled

RE:RE:If you believe, that ALL gaps eventually get filled
If you look at a candlestick chart of KRN you will notice that on Jan 29/13 KRN's closing price was about $5.65, then the next day when uralikali broke up the stock opened well below that around $5 and closed around $3 on Jan 30/13 and then sliding to where it is now ever since. The gap is between the closing price on the 29th and the highest price it traded since. Many feel and for good reason because they usually do, that these gaps eventually get filled, meaning the stock trades back up to the $5.65 at some time and thus fills the gap you can see of empty space on the chart. Many here including myself have noticed this gap topadvisor mentioned, and would be very happy if it is filled because we would make about a 500% return. Many others who were holding before the gap down would love to get even. On the bright side any stock that can fall almost $3 in one day just because Uralikali broke up with no negative company specific news, can likely rise $3 in one day also with the right catalyst. Hope this helps. Just my opinion, good luck to all.
Bullboard Posts