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 Jul 22, 2014 12:36pm

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Post# 22770111

RE:No matter how you look at it, the fact remains

Couldn't agree more topadvisor. What is incredibly annoying is how this thing can be walked down 7 cents in a few days with only about 20000 shares traded with a value of only about $25000 while it is so far below cash value. Has anyone talked to Robyn lately and is he fine with all this bull. How bout anyone from the company, what are they saying? Hell, the mere mention of a measly million dollar share buyback would probably put this back above $2.50 in a few days. Hell, any news of movement forward would likely have the same effect. Ridiculous. Got to love the Tsx. Just my opinion, good luck to all.

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