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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 28, 2021 10:49am
149 Views
Post# 33778231

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

RE:RE:RE:RE:RE:RE:For centuries a proven strategy has been successful in warBiz, prior to 2013 it was upward and onward for this company as milestone after milestone were accomplished. There can be no denying it and every company has internal squabbles but the milestones being met were as promised.

From 2013 to current, you can count the milestones acheived on one hand in the past 8 years, and the very reason so much frustration exists

You jumped all over me several years ago when I mentioned not all shareholders have the same agenda, and that I thought GSFCs agenda was much different than the rest of us.

GSFCs agenda was gaining control of the Wynyard asset at all costs, and after burning through almost $60 million since 2013, mission accomplished leaving approx $2.5 million left in the treasury and majority shareholders sitting on major losses.

The time for problem solving is long past, and we are now in what appears to be survival mode if the upcoming auction is any indication


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