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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 businessenseon Oct 03, 2015 1:45pm
114 Views
Post# 24160353

RE:RE:RE:RE:RE:number crunching

RE:RE:RE:RE:RE:number crunchingWow - Between saying that GSFC can't fund the project or that control is not one Robin's primary concern doesn't make either of your assessments in any way accurate. While many blame GSFC, the fact is that they are working on trying to do a deal that will be funded by GSFC as expressed at the Annual Meeting and subsequent press release. So while you keep arguing the merits of the Braich deal, until they make the GSFC deal public, I am not sure anything either you say is in any way factual. 

Now that is where everything is at and the day KRN responds, that is the day everyone can stop trying to guess. This now puts pressure on the management to elaborate on the GSFC DEAL. It should be clear which one is better or if they try to blend them together. Either way, I am not certain that GSFC or Robin is interested in reducing their position by two thirds. Knowing Robin, giving up control even less.. I don't expect either is about to give the company away either. Braich is going to have to do better. 

To speculate before having all the facts is getting ahead of yourselves. While I do not agree with Robin on everything, But not much anyone can do except watch and enjoy the show. Right now GSFC is on the hook with a AA credit rating, Braich wants in with posibly 1 in the wings, if he was not the second one doing his due diligence. So Braich has just brought it all to a head knowing he has bought into the story.
Bullboard Posts