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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 1:58pm
150 Views
Post# 31418803

RE:RE:RE:What is really going on?

RE:RE:RE:What is really going on?The money has been running out the door to CEO/CFO and board that own no shares!? How can that be? I am not a securities expert but it smells and looks bad. Saving cash only prolongs them getting paid. The only path to cash in the bank and shareholder value is to get to production. I believe money could be raised from farmers like me who spend a lot of money on Nitrogen every year. In farming you can not take a vacation from N. Conserve cash so the current execs and board get paid.....or come out with what should be a slam dunk N manufacturing plant (If you build it, I will buy) and use our natural advantages and resources here, rather than brining in foreign N and people will invest. Nitrogen makes sense. I get that for the largest investors, they wanted potash but the market is flooded, prices low and by the time they pay freight to India, they could buy cheaper from Russia/Belarus. We are in the opposite here in Sask. We have the resources and the demand to consume every tonne here but we want to conserve cash for the CEO/CFO ans Board to continue to be paid, while they own no shares. This stinks like a Liberal/We Charity event. 
Bullboard Posts