RE:RE:RE:summary of lawsuitsyou are welcome ohjeezuz
Below the surface nothing has changed with the Wynyard resource, but on top there are several issues left behind by previous parties that likely need to be cleaned up before things can move forward, including concerns raised by major shareholders at:
https://krnshareholders.com/ Unfortunately an updated Technical Report wont remedy some of the past issues the current board and interim CEO are currently trying to deal with, and it is not out of the realm of possibility that GSFC is also a bit gun shy when considering the 2014 / 2015 debacle, and the recent 2018 / 2019 events that took place.
I wouldnt be a bit surprised if more than half of all the money ($45 million) GSFC brought to the table in 2013 was wasted as a result of the 2014 / 15 and 2018 /19 set backs.
I dont blame GSFC one bit for not wanting to fund the proposed nitrogen idea, but the potash resource is why they came to Karnalyte in the first place, so it would be nice to see a press release from GSFC regarding their intentions with the Wynyard Project when considering the recent substantial increase in potash prices.
GSFC has complete control of the boardroom and any election outcomes, so until they are ready to move forward with advancing the Wynyard Potash Project, status quo will likely be the norm.
Also. with the massive increase in natural gas prices, it will be interesting to see how that affects the bottom line, as that is by far the largest OPEX cost of solution mining.
Not to mention a natural gas transmission line still needs to be run to the Wynyard site from if I remember correctly, the Lanigan area, which will take 2 years and $65 million dollars to accomplish.
And that is only if BHP runs their transmission line into their Jansen site if they havent already done so, otherwise I think the costs are significantly higher.
Not impossible, but it wont happen over night