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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 businessenseon Aug 28, 2021 2:42pm
160 Views
Post# 33778561

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

RE:RE:RE:RE:RE:RE:RE:For centuries a proven strategy has been successful in warYou keep ignoring so many of the facts and blunders created starting before. GSFC invested with an offtake agreement. KRN was to raise the balance. Market dropped and never happened. 

The famous deal for financing fell trough given the market dropping some more and possible shenanigans. A lot of people on staff with Phinney hoping to build when market conditions where not there.

Then you have Phinney’s claims about unproven claims about magnesium, Goodman, legal battles etc. ….

Reports after reports and no earnings…….

One minute you seem to recognize GSFC’s dilemma and then you blame them.
There are a lot of moving parts. You make a lot of claims and I have yet to see convincing evidence other than a lot of stupidity.

So, you have your opinion and I have mine. Reality is that no one has been able to put a feasible plan together to create a financially viable business plan. Just ideas that seemed good but nothing making money.

If you really think that GSFC spent $45 million to throw it away is absurd despite all the stupidity.
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