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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 Sep 17, 2014 12:30pm
247 Views
Post# 22944483

RE:KRN shares pledged on www.gsfclimited.com/annual reports

RE:KRN shares pledged on www.gsfclimited.com/annual reports
No, that's not what it means. It would likely be that if GSFC were to default on their loan which is incredibly unlikely due to their very strong financial situation, these shares could be called on. However, can't see that happening, as GSFC is not going bankrupt. GSFC has not sold or disposed of shares according to INK insider report, therefore they still hold them. So your WOW is misplaced. The wow factor is however that at one time not that long ago, KRN shares were seen as valuable enough to be used as collateral. Ha ha. Just my opinion, good luck to all.
Bullboard Posts