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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 ErnestC1936on Aug 17, 2020 1:44pm
138 Views
Post# 31418713

RE:RE:Q2 Financials out

RE:RE:Q2 Financials out

I don't know her like you do, and she may be nice for your purposes which is good. For my purposes, I don't understand why the Interim CEO, the interim CFO, and none of the current board members own any shares? Being a nice person is all good but not putting your own money you are taking out of a company, back in as an investment in that company shows little faith and confidence in your own work or the current board. If I understand the filings of the concerned shareholder group  then it would seem that none of them own any shares as of the last AGM. That doesn't smell right to me. Or show any confidence or commitment. Those of us who have invested and put our own money in, need more commitment ans less take from the company but not put any personal money back in!? Today, how can you be CEO, CFO or a board member, take money out of the company, control its direction and decisions and not have a big chunk of money in there and on the line with the rest of us? 

Being nice is great. Glad she treated you well. Not much solice for investors who have put money in. 

Bullboard Posts