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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 TRUBLVRon Aug 10, 2016 11:59am
128 Views
Post# 25126582

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Concerned Shareholder

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Concerned ShareholderMr Brown, I appreciate your analyis.  I have done a fair amount of my own research.  I believe you want to see shareholder value.  There are many agenda's represented on the bullboard, but the unfortunate part is communication from KRN is extremely poor.  
You are doing a great service by collecting proxies for us concerned shareholders.

I would be willing to pledge my shares to you for representation if you can answer one question.

1) What is the proposal put forward by GSFC, GSFC has already negotiatied, I feel shareholders should see the proposal.

Mr. Phinney had the support of the concerned shareholder group by pledging to ensure more transperancy for shareholders in the future of the company, I am failing to see the transperancy. 

We are here today, what happened in the past is irrelevant, we need to move forward.

GSFC is our partner, with the support of the Government of India.  I have trouble believing the government of India would be short on finances.   Mr Modi has proven to be a strong GSFC supporter.

Just my thoughts
Bullboard Posts