Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 HermanMonsteron Apr 21, 2022 5:38pm
221 Views
Post# 34621996

RE:Thank you and good luck!

RE:Thank you and good luck! Good on you Ernie, take profit and bank it while you can. There is potential, but any successful business almost always has good people and a little luck. I don’t think the people form India have any clue how to do business in Canada. My guess is the off take is probably bad for the viability of the company, the CEO is a self-proclaimed diversity candidate with a bad track record, hand picked by the GFSC, best guess is she is just a yes person to GFSC.  I don’t know of any successful companies off the top of my head started by bean counters, they are usually the ones trying punch holes in the business plan. No risk no reward, they usually want it 100% fire proof and vetted by third parties to take the blame if it falls apart. No company can get up and going under that type of management. Only way forward is to get rid of GFSC’s strangle hold of this company, get rid of the off take, get rid of all the board and the diversity candidate in management. Have to move quick before the cycle turns.

<< Previous
Bullboard Posts
Next >>