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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 Sphinxteron Jan 22, 2017 11:41am
186 Views
Post# 25738629

RE:Robin is doing a great job

RE:Robin is doing a great jobThe man is stil a Neophyte. Between many large promises, still can't layout a clear and concise game plan. The stories have changed more time than days in a week without one serious investor other than GSFC. Good luck with the list of questions, but the only thing you can be sure of is that it will not illicite any useful information being the only thing you can take to the bank. 
WPX now claims they have high grade and at least the have put out numbers that are way lower than KRN. No one has run the numbers because WPX once they start producing, their shares still aren't worth more than $0.50 a share.

ENCANTO is working on something even if years away, they project a much more credible managment that isn't dysfunctional. 

It also all hinges on the economics and until potash moves, which is currently holding at $USD 215. or that it will change very quickly. Spring will tell given current inventory levels.

Love or hate, given all the information that continuously emerges and witnessed, not a person who can give a straight answer following all the errors that he has  had to manage.  So after all this time, I'm not sure GSFC are certain on the facts, and they sit on the Board.

Whether you like the man or not, still questionable that he is knowledgeable about solution mining. Yes he ran a few plants for Potash Corp. Talks a good game, but often isn't current about legal and financial facts one would expect him to be. 

With the reports on file and size of investment required, with no finance/investment guy on staff (not that Brinkmann was never of much use anyway) should tell everyone he is waiting for the market to turn and GSFC.

So when one asks why the market cap seems so low and says that it is a matter going on the road to promote the project is a kind of a farce... So which is it:
  1. Lack of undersdanding,
  2. Just says what people want to hear, or
  3. Can't manage people/partner.
Opinion or not, money, finance and economics is what makes the world go round. And in the overall schem of things, corporations that make huge investments like this gage returns over decades. No rush for any of them, they all get paid at the end of the day.



Bullboard Posts