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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 1:38pm
208 Views
Post# 22944800

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

RE:RE:RE:KRN shares pledged on www.gsfclimited.com/annual re
Yes, on that you do have a point. However, I imagine there are many ways to get around that for example by substituting a different form of collateral, which with the way KRN shares are trading, I can't imaging any lender would have any problem with that. However, I would like to commend you on this unusual catch, it is interesting, however I am not sure material for current shareholders as most here didn't think GSFC would a seller of shares here anyway, but rather be an aquirer at these prices. And if an offer came that GSFC wanted to sell, like I said I'm sure a deal could be reached fairly easily with the lender to swap pledge with another vehicle. Just my opinion, good luck to all.
Bullboard Posts