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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 ErnestC1936on Jun 10, 2021 11:04am
146 Views
Post# 33362333

RE:RE:RE:No more BoD photos

RE:RE:RE:No more BoD photos

"Commerce is a game of skill, which every man can not play, which few men can play well."

RALPH WALDO EMERSON

I agree! Way too many accountants involved. The press release says Danielle and crew are "Observing, analyzing and watching the market". 


We all do that, I thanks be to God am getting rain today and will get to watch some NHL hockey tonight. Just finished putting fertilizer on my hay land. I observed that was expensive! But I don't get paid to watch, observe hockey or the fertilizer market! Neither should our CEO and Board, all of whom have no skin or equity in the game. They are not even on the ice! Shameful. Like our Liberal Government they continue to claim they are virtuous while they take our money from actual shareholders. 


GSFC is a fertilizer company. They manufacture Nitrogen. If they don't know the market and have not been observing fertilizer prices go up, then we need a new GM and front office. 


They fact remains, Danielle cannot play the game well. No one on the board can. They are not entrepreneurs! They have no skill and need consultants and accountants who are not entrepreneurs either. 


Grim times, just like our Liberal Government where we have a part time drama teacher leading our country to bankruptcy. He loves his self promotion and selfies. I expect the same here. 

We need this board and CEO swapped out for people who can play the game, not just watch and observe. 


Embarrasing language in Danielle's releases about watching. She can't play and doesn't know how. But yet is collecting a paycheque. Sounds like the Maple Leafs. Great hype, hope and expectation, but then here comes Montreal with some grit, determination, vision, a plan and can execute. Game over Danielle and the Board. 

 


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