RE:RE:RE:RE:RE:RE:ControlLots of strong opinions about the strength of potash. In my opinion, the price is in fact not recovering to anywhere near economic feasability. So there is a choice that needs to be made.
1. Wait it out . But as this has more to do with Russia and Belarus and is certainly not in the control of KRN. Seems like it may take a long time. While waiting the banks will not give anyone money for a new mine, and KRN cash will dissappear to zero.
2. Come up with new cost saving technologically advanced ideas. Whether we like it or not the board decided not to travel this route. We may never know why because of non disclosure reasons and the matter is before the courts.
3.Switch back to Phinney board candidates. While this may seem tempting all it will do is drain the cash as well. As potash price will need to rise whether Phinney or Rowan and team are at the helm. If Phinney's team are going to take a run at the leadership they will need shares. So for goodness sake do not give them share cheep. Please. Control of the board will require lots of shares. Some buying has already occured. More may be coming and if you sell your shares cheep they will get them. I say if they want control of the board, fine, just make them pay for it dearly.
4.Realizing that potash is stuck in a price holding patern come up with something else. With the recent merger of Agrium and POT corp maybe there is a spot for nitrogen in a regional marketplace. If so, due dillegence is occuring even as I am writing this report. See website update dated July 31 for update.
https://karnalyte.com/news/press-releases/karnalyte-resources-inc-provides-update-on-the-proteos-nitrogen-project/
5. KRN ownes 4000 acres of Saskatchewan farmland. $1300 at a minimum per acre.
$ 5 million Rent it out at $40 per acre is $ 160 000 revenue per year.
6. I see potential either way. Phinney or Rowan, Potash or Nitrogen, Wait or dig in.
7. I'm not selling
Howlong
