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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 17, 2016 3:30pm
145 Views
Post# 24567634

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Pleasant Tuesday morning to you all

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Pleasant Tuesday morning to you allmdj - I won't rehash the past. I am not making any claims other than what I know and question facts in evidence for people to evaluate. You want to sit on your money for 5 years, great. You seem to think people are just dying to open a plant and pay what you want. Is there a shortage of Mg, not sure there is.

A lot of people do not trust GSFC, I get it. Why does Robin? What I have said is that there have been a lot other factors you never consider. Nonetheless, no matter the reasons, the whole situation has proven to be pretty amaturish.

You have your version of shareholder sentiment and I have heard other.

You talk about GSFC's debt obligation as another big conspiracy, but yes if they elect to default watch out. Doubt they would since it would have repercussions.  If GSFC backs this Project, defaulting will not be good for them either they will loose money and delay the project needlessly and would be a black spot on their record. No one wins. So with the same slieght of hand you keep disparaging me with, I'm not quite sure you get the whole picture. Too bad you keep making this less about discussing and looking at the different probabilities. You don't agree out with the knives.  I wounder if you can guess what I'm thinking?

The valid points admittedly will be the conditions, since the biggest concern would be them raising capital by diluting shares. Considering what I have been right about so far don't dispell everything I say. 

Where the money went wasn't too complicated to figure out within a couple of millions  

Demonstration plant is only that. They are testing the brine. No prodcution other than eventually selling it.  Yes we all know it will start in a few weeks. Nothing new big guy. Big gamble calling that one. 

As to the vote if we go to the next phase, you will all get a change to hear the arguments from management. I can  pretty much guess what will be said.

That's it that's all.


Bullboard Posts