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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 Sep 17, 2021 1:29pm
243 Views
Post# 33878197

RE:RE:Congratulations Danielle - Liqudation Sale

RE:RE:Congratulations Danielle - Liqudation Sale

I don't know her or anyone on the board or their past/history but as a farmer and anti Liberal I could see this coming. Way too much self promotion and lack of focus on getting N built. 

As a farmer and anti Liberal I would prefer to buy homegrown N using our own resources locally and build our economy and sustain our way of life in that environmentally friendly and economically sustainable way than bringing in foreign oil by tanker over an ocean and other foreign resources that we could be utilizing here. 

Any hands on intelligent business person could see that there was a commodity bounce coming and that inflation was going to be sky high with the Liberal overspending. Interest rates are about to rise and will higher now for many years as we struggle to get out from this debt hole. 


Money is easy to spend, but it's hard to make. I have been to the new art gallery. Overbuilt, over priced construction and no value in going there with so much wasted space. I am sure they have a high overhead but from my couple visits there, traffic was low. There were more security guards than patrons. The price is what you pay. The value is what you get. There was not a lot of value. 

Anyway.....if Danielle's business plan is to sell off all the equipment, funiture, lab equipment and tools....and had to pay a consultant MNP to tell her that they need the cash to survive.....we are paying a high price for her and this is the value we get.....a liquidation auction! Sad 

I don't think the liquidation auction is going to raise enough money to move N or Potash forward, but allows Danielle and the Board - none of whom own any shares - to keep paying themselves. No shareholder value there, just self promoting money grab from Danielle and the gang. Reminds me of Trudeau and the Liberals. 
 

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