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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 TradeTraceron Sep 20, 2021 1:22am
249 Views
Post# 33885425

RE:RE:Congratulations Danielle - Liqudation Sale

RE:RE:Congratulations Danielle - Liqudation SaleApart from the trucks I really don't see much value there...?

Office equipment, cement mixer, appliances wouldn't add up much past 50k...

50k is 50k yes, but usually these company auctions have a bit of meat in them to make them worthwhile...
...Multiple vehicles, industrial machines (loaders), maybe some real estate would have benefitted all
Auction mart would charge between 4 to 15% I'm sure, so what gives?

Side note: Companies would have to use auctions as a way to sell their assets (especially public ones) as it prevents the "friends" deal/keep good ethics

I just hope they really thought out this undertaking
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