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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 Cacheitupon Mar 29, 2015 12:56pm
115 Views
Post# 23574440

RE:RE:RE:RE:IMHO the truth

RE:RE:RE:RE:IMHO the truthWell made points Moab.
If management hope to save their skins, which I think they do, they will need something a lot better than an MOU.

"An engagement letter was signed with an Indian financial institution in October, 2014 - well in advance of the recent dissident shareholder requisition - and due diligence and structuring discussions are now under way. The investment capital is expected to come from a syndicate of financial institutions."

I'm of the belief that this financing will be definite and include investment and possibly an additional OFFTAKE for the remaining production not already contracted and will be at a much higher share price that will be based on a new NAV. I guess we will find out shortly. 
Otherwise, vote them all off.
win win for shareholders
Bullboard Posts