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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

Comment by mdjbrownon Dec 04, 2020 11:56am
133 Views
Post# 32037327

RE:RE:RE:Farmer Logic

RE:RE:RE:Farmer LogicEC, I am trying to understand how you would hold the current interim CEO / Board responsible for issues that occurred prior to her taking the reins of this company in September 2019, as she would not have had day to day control prior to that.

As a shareholder, I greatly appreciate that she has applied the brakes on the cash burn, while options for the companies survival can be weighed by third party evaluators.

Once hypocracy stops nipping away at the treasury, maybe a reasonable direction can be achieved on a possible road to recovery.

Lets see what December 15 brings, but blaming the Interim CEO, and the new Board members for the companys problems is just plain wrong, as they inherited this mess, and need to find a way to turn it around on a decreasing budget.   

Not an easy task for anyone!
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