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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 Aug 31, 2016 7:51am
180 Views
Post# 25194338

RE:RE:Deal

RE:RE:Deal
Yes well those are many of the points.  You clearly haven't figured out what Robin is hoping for as he wiggles along.

Robin's comment about being on another planet, may apply to the financing also if not in better touch with what needs to happen. 

The reason why there are no institutions invested in this stock has more to do with a lack of clear direction, numbers that they can make sense of, a sector that's still has numerous challenges and a Mangement that no matter who did what speaks to a lot of stupidity and poor collaboration.

Instead, everyone is distrusting and reflected in how these negotiations are being conducted. No matter the reason, just figuring out how to deal with it is at the core of a relationship that could be better managed. 

Not one institution is buying into any of this as they wait to see. Robin is not a money guy as the ideas seem to be more about trying to see what sticks, thinking a road show is the answer. More like a side show.  While I may have to give him some benefit of the doubt as to what will happen after Sept, stability is what funds are looking for as we wait to see if all this talk about securing more orders and nothing new can make it happen.

Right now it is still unclear if they can provide clear answers and time horizon. Still don't know what they are going to produce. Still more testing and Hoping .....

Great ore body with the last investors still waiting..... While I appreciate the faith and trust, some humility wouldn't hurt.  The asset writedown will hopefully sort itself out and as for the Derivatve Action, good luck with that.

After so many years of whatever you want to call this, we have been more than patient and a tangible game-plan materialize itself?  Kind of past due, but those are the problems with new issues and resource stocks.

 
Bullboard Posts