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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 Oct 01, 2014 12:57pm
259 Views
Post# 22987219

RE:WOW

RE:WOW
Too far below cash here. Somethings gotta give soon. Like I've said before, don't think I have ever seen anything in the market like this before. Just incredible. If Robyn has a plan he NEEDS to state what it is. Looks to me though this thing is going to be taken out for cash value. And at this point the irony is many investors who have been lucky enough to load up at these prices would likely jump at the offer including myself. What amazes me is that anyone can be suckered into selling this far below cash by a couple of houses churning a few shares and walking it down. Oh well, some got to learn the hard way. Just my opinion, good luck to all.
Bullboard Posts