Karnalyte Resources Inc T.KRN

Alternate Symbol(s): KRLTF

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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.

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Karnalyte Resources Inc

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Comment by winspear1on Feb 15, 2015 1:29pm

148 Views

Post# 23431849

RE:Could one of the longs clarrify

My understanding is that a lot of selling went on sub $2.00 and that at the last AGM the
founder wanted to buy back shares to support share price--we all know what happened then. Lord LOVE would
rather spend the money fighting shareholders and holding onto his job--which some says
with bonuses landed him around $800,000 dollars. Where else could these clowns get that
sort of paycheck.

Regards

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