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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 Aug 23, 2021 10:02am
174 Views
Post# 33747894

RE:RE:RE:RE:For centuries a proven strategy has been successful in war

RE:RE:RE:RE:For centuries a proven strategy has been successful in warbiz, if memory serves correct, from 2007 leading into 2013, milestone after after milestone were being accomplished by the then management team to the point that a construction ready moniker was being refered to describe the Wynyard Potash Project status.

The only hold back at that time was the natural gas trunk line being brought east which was going to cost $65 million, if I remember right. 

Then along comes GSFC in early 2013 and internal disfunction became far more apparent. 

In fact, the founder was pushed out the office door a day after the 2014 AGM, even though shareholders just a day prior voted 98% in his favor.

Each time a show me the money moment has arisen, GSFC has wilted like last years rose garden, leaving a patch of sharp, painful thorns to navigate through.

It would be a real eye opener to hear from all the past CEO's that have had to deal with GSFCs antics over the past 8 years, as there have been many, and all of them appear to point to one problem at the end of their tenure.  Any guesses who?

Many Karnalyte shareholders would argue that GSFC has had more than enough time to advance the Wynyard Project, have failed to do so, and its time to stop the games. 

Dont forget, for years GSFC has controlled the narrative of Karnalyte, and they need to be held accountable for the blunders as much or more than anyone else for holding up the show to suit their own agenda.



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