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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 Feb 06, 2016 10:17pm
121 Views
Post# 24532746

RE:RE:RE:RE:RE:RE:RE:2016 plans moving forward

RE:RE:RE:RE:RE:RE:RE:2016 plans moving forwardGot it. And the worst thing of any new company, is having directors you can't trust. As to all the reasons I doubt we will be clear on all the facts. All I was told he had under control but clearly did not, so I see it from a very different perspective for either not knowing better being untruthfull despite knowing which heard later. I know BMO was pressuring to shelve the project. So there may be more to this than you think. Fact could well be that the last management where catering to that scenario. Depend who you want to believe.

As for raising Money on his own that is the first I hear about it.

Not much we can do to change it. Let's hope they finally sort it out. Either way it has been a real cluster----.
Bullboard Posts