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.

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Karnalyte Resources Inc

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Comment by Cacheitupon Apr 01, 2015 9:08pm

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Post# 23589696

RE:RE:RE:RE:Offtake

Ok, I understand your points.

if the current management, which you don't trust, pulls off a deal that increases the value of your shares, would you be happy?

If the share price doubles,triples or quadruples?

I would ask for a yes or no answer if at all possible.

You know they can't gain control through dilution without a vote

if they don't get a good deal, everyone can vote them off.

In 3 months time, unless they in the meantime come up with a deal that makes the majority of shareholders happy, and I mean way more than GFSC % ownership, what will happen to them? They get voted off.

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