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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 amhbon Jan 30, 2015 12:04pm
144 Views
Post# 23382141

RE:RE:RE:Good luck getting financing in these markets

RE:RE:RE:Good luck getting financing in these markets
Hey BS
 
No Deal will ever be in place that will be useful to save current management.  You can sign a deal to state current management stay's in place.  The SHAREHOLDERS wil vote them off the island.  The Fight is about SHAREHOLDERS, not about ONE shareholder, or about deal 1, 2 or 3 or what is behind door 4, but ALL shareholders who own all the company. As the post does not even reflect any of this, is the reason the shareholders are revolting.
 
 At current 30% with the concerned shareholders, against  the current regime, which is about 9,000,000 shares.  
 
The last AGM had about 17-18 million shares voted.  And that was the highest  ever.  ( PS. The board votes someone off the island the day After he got 98+% of vote.)
 
Tha means they already have 50+% already without going to proxy.
 
The current regime failed.
 
They do not have anything.  Stop placing SHAREHOLDERS through all this pain.
 
Bullboard Posts