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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 TradeTraceron Jun 15, 2020 4:09pm
271 Views
Post# 31152821

RE:AGM QUESTIONS

RE:AGM QUESTIONSEvery question that I have seen posted here are great, and I really hope Karnalyte answers each and every one of them. I have one that I would like to add that is slightly different to the ones of future plans/past results etc and that is more directed towards the members of the board and the rest of the management.

My question is:

Why has there been no purchases of shares by any of the board members, or the new CEO? Shares are at an all time low and how can one really have faith in what these members are saying if they themselves don't want to put anything on the line?

I know there are options and other compensation available to the members but they are collecting a paycheck so why the stagnation? 6 months (the latest addition to the board) should be enough to get a good idea on the direction of the company...
Bullboard Posts