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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
Post by businessenseon Sep 01, 2016 10:01am
186 Views
Post# 25198793

No Disrespect

No DisrespectCan say that expressing my views is in any way disrespectful or some kind of personal grudge against Robin.

Many certainly have a different read, there are different styles between Robin and GSFC. Pointless debating the differences as we wait for the outcome of what I expect will reflect the initial agreement.  Many positives and a matter of executing as we face another headwind and frustrating to many as it will delay the commencement and valuation no matter what the NAV is.

Robin's recent comments are more in line with a tempered recognition of everyone's obligations and that I am certain common sense will prevail. Nothing to gain by anyone bullying the other acknowledging they are close based on my observations of the facts I have seen.

There is always a lot to be learnt on both sides recognizing what Robin has said repeatedly, they are fortunate to have GSFC as a partner.  Yes the restrictions are a pain, but the deal and all the work that remains to be completed has to get done and confirmed such as all these people who are interested can hopefully get firmed-up.  Can they get confortable enough and lets be honest, do anyone think they will do better?  Yes, they can certainly blow past the 30th and MAYBE we will get better transparancy and work on a deal for the Mg that may still take time once seperated. Until one does occur, not sure it will. 

And so we continue to wait and see how they work it out recognizing the logistics noting that he will only be doing Mg testing next year.




Bullboard Posts