RE:RE:RE:RE:Karnalyte Resources completes Proteos PFS Back in the day I used to pay for a FNA membership for the farm, but they didn't have long term value for me as there was no proximity to a retailer. You had to buy products from them directly and pick up was not convinient. Not sure what happened with FNA since or their Nitrogen plant. Seems to me, a similar problem - infighting tor control and a binary decision (You buy what we say or go somewhere else) I voted with my feet and left FNA and haven't returned despite all their calls and suspect that many farmers haven't gone back for their business model, so I also suspect that has had an effect on their financing model.
I believe Karnalyte has the chance to do it right and do it better. In this Covid craziness, we should be promoting using our own resources locally and consuming them locally, employing our own in doing so. If Karnalyte markets this as Saskatchewan made from Saskatchewan or Albertan resources, I think there would be a ground swell of investors....buying shares and putting money in.
I don't know GSFC but assume in their name, their mandate is to supply fertilizer to the State of Gujarat. From what I can tell, they are a state enterprise, and government owned/controlled enterprise and their goal and mandate is for the benefit of Gujarat State and it's farmers and GSFC shareholders. Nothing in there about Saskatchewan or farmers like me.
I have been to India a couple times and business there at the Government level and as very corrupt and I had to recuse myself when the kickback talk started. So in my experience I would be surprised if Gujarat State cares about me or Sask. That is not their mandate from what I can tell. I am old and not an internet/website expert but could find nothing about Karnalyte or Sask in their initiatives?
https://www.gsfclimited.com/gsfc_venture.asp?mnuid=1I don't see Karnalyte as listed in the initiatives?https://www.gsfclimited.com/gsfc_venture.asp?mnuid=1
I don't have your knowledge of Nitrogen plants and players other than I own Nutrien shares, trying to capture back some of the big money paid to them on buying N fertilizer. May I ask how you know so much about N production? I talk to my local Nutrien rep about N logistics and when/where it come from and also drove by a few fertilizer distribution points when I drive in to the city from the farm and there are trains and trucks brining it in. Would a strategically located N plant not make sense from a logistical point of view? If I could pick up by the semiload it would save time and money and eliminate several middle men and logistic costs? To me it makes sense. If the State of Gujarat has their own fertilizer entity to make N for their farmers, why can't Sask? I am a firm believer that independent business people can do a much better job than a State/Government run enterprise. GSFC seems a strange bedfellow and leader on this initiative and control on the board. I am sceptical. No board member or Exec had their personal money in? I just want N made here at a reasonable price. That would be a tremendous Saskatchewan success story. Does GSFC want a Sask success story? Not sure or clear where they say that or have the mandate for that?