Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

Chemicals Consumer Cyclical Advertising Agencies Basic Materials
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

Karnalyte Resources Inc > Recent queries about the disappearance of almost $45 mill
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(494)
•••
Comment by mdjbrownon Dec 02, 2020 9:25pm
135 Views
Post# 32023684

RE:Recent queries about the disappearance of almost $45 mill

RE:Recent queries about the disappearance of almost $45 millWas messaged asking if I would compile Quarterly cash burn rates between Dec 31, 2014 / 2016.  Here you go!:
  • December 31, 2014          Cash $ 40,740
 
  • March 31, 2015                  Cash $ 38,503
  • June 30, 2015                    Cash $ 32,015
  • September 30, 2015          Cash $ 30,445         
  • December 31, 2015           Cash $ 27,733
  •  
  • March 31, 2016                  Cash $ 25,644       
  • June 30, 2016                    Cash $ 21,757
  • September 30, 2016          Cash $ 18,821
  • December 31, 2016          Cash $16,752


            2015 / 2016  -  Cash burn    $24 million 

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities