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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 IXL1969on Jul 30, 2014 1:10pm
326 Views
Post# 22794858

RE:RE:RE:Looks like financing could be close at hand

RE:RE:RE:Looks like financing could be close at hand If something is coming down the pipe, Management/Insider can't be actively buying shares, hence the issue of stock options at market value. Not so sure it will be financing, but buy out, other Indian players in fert industry. They want the potash, cheap, outside of the canpotex pricing. They will make their money on importing into India and reselling at inflated margin. The way they do business importing will be restricted to select few. It is all about getting in the game ahead of Indian economy that is set to take off under new government. Hope it is a fair offer. They didn't invest 45 million just because Phinney sold them on his plan, they have their own agenda.
Bullboard Posts