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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 Mar 06, 2016 9:47am
165 Views
Post# 24627189

RE:RE:RE:RE:RE:RE:RE:RE:RE:RIDDLE ME THIS

RE:RE:RE:RE:RE:RE:RE:RE:RE:RIDDLE ME THISRobin may have been working on things on the side while he was gone noting the company he was consulting for.  As for the motives and people being upset with Robin, has a lot to do with many factors that have to do with money, a lot of promises that never seem to amount to anything.

There are many different visions and a huge capital requirement for potash with tight returns.  There is a cheaper and more profitable scenario with certain unknowns if no one is looking to put up half the money?

You have an investor who wants Potash and has a say in what the company does as an investor whether their money or not. Unreasonable?  A matter of opinion.

He had an investor for the Mg, but admittedly it did not conform with a potash objective and not pursued by the Board at the time.   Are they still interested?  Who knows?  

As to who to trust and hasn’t delivered, whether positive or to whose satisfaction will be revealed in due course with accompanying consequences.
Bullboard Posts