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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 18, 2020 3:13pm
189 Views
Post# 31424407

RE:RE:RE:RE:RE:RE:RE:Karnalyte Resources completes Proteos PFS

RE:RE:RE:RE:RE:RE:RE:Karnalyte Resources completes Proteos PFS

Sorry, I don't have a good understanding of the past, lawsuits and turnover in the Exec's and on the Board. Bought some shares when Potash was on a trip to the moon and then bought more (to bring my average cost per share down) when the Nitrogen initiative was announced some time ago, as I thought it was a good chance for using our resources here to make a product I/we consume a lot of here. 

Just curious from an investor why current board and Exec's wouldn't own shares or put their own money in? If others are okay with that, I respect their position and their decision but am looking for tjr why? Why wouldn't they buy in or be mandated to buy in so they have something to lose as well and have some incentive other than surviving to the next pay period. 

I don't know and have never spoken to the concerned shareholder group. As an investor I hoped to see N move forward. So in your opinion, have the current Exec's and Board performed to expectations? If so why and if not why? Just trying to get my head around how to vote and why? And understand why? Please someone help me understand why the current Execs and Board are the ticket or why they are not the ticket - for the future - looking forward to getting something going and the chance to get my money back. 

Bullboard Posts