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Bullboard - Stock Discussion Forum Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

Karnalyte Resources Inc. explores and develops potash and magnesium products in Canada. It owns 100% interests in Wynyard Potash project comprising subsurface mineral leases KLSA 010, KL 247A, and KL 246 covering an area of 367 square kilometers of mineral rights located in Wynyard, Saskatchewan. The company was incorporated in 2007 and is headquartered in Saskatoon, Canada.

Bullboard (TSX:KRN)

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Comment by mdjbrownon Jul 31, 2022 11:35am

RE:Halt Trade via IIROC

TP, the ability to trade Krn Rights on the TSX expired at noon on July 29th, and are being delisted. "It is expected that the Rights will trade on the Toronto Stock Exchange under the symbol ...more  
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Post by TruthPleaseon Jul 31, 2022 10:22am

Halt Trade via IIROC

Looks like something is up!?! https://ca.finance.yahoo.com/news/iiroc-trading-halt-krn-rt-161300473.html
Comment by mdjbrownon Jul 29, 2022 10:27pm

RE:RE:GSFC to invest in rights issue of Karnalyte Resources Inc

bk, keeping on top of GSFC docs is very useful as it is highly unlikely Krn will doing anything with out GSFCs blessing considering their contol of the corporation. Should be more than 50% after the ...more  
Comment by bigkaganon Jul 29, 2022 12:37pm

RE:GSFC to invest in rights issue of Karnalyte Resources Inc

Wow, how did you know it 3 days before the official news release? If this was a price-moving step you could have made big money buying the stock before the news release, but unfortunately it did ...more  
Comment by mdjbrownon Jul 26, 2022 11:00pm

RE:GSFC to invest in rights issue of Karnalyte Resources Inc

Had to dig deep for this one lol https://www.bseindia.com/xml-data/corpfiling/AttachHis/5fe58438-6afa-49e9-85fb-4bd2934f4c3e.pdf
Comment by mdjbrownon Jul 26, 2022 10:49pm

RE:RE:GSFC to invest in rights issue of Karnalyte Resources Inc

Biz, the $4.9 million mentioned in the press release would cover the entire Rights Offering. If this Rights Offering is similiar to the 2018 Rights Offering, very few shareholders participated in it, ...more  
Comment by bigkaganon Jul 26, 2022 2:01pm

RE:RE:GSFC to invest in rights issue of Karnalyte Resources Inc

A few days ago I sold my Rights and then bought some regular shares for 36 cents in my self-directed account for $10 fee just to average down. Had I bought shares using RT's I would have to call ...more  
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Comment by businessenseon Jul 26, 2022 10:24am

RE:GSFC to invest in rights issue of Karnalyte Resources Inc

That would be in line with the Circular - 14 million shares at $0.35 Owever, is this not more than 3 rights for 1 share since they currently have 16,334,558? Would be fullish not to and that they ...more  
Post by mdjbrownon Jul 25, 2022 11:41pm

GSFC to invest in rights issue of Karnalyte Resources Inc

"based on the recommendation of the Audit Committee, the Board of Directors of Gujarat State Fertilizers & Chemicals Ltd (GSFC) at its meeting held on 21st July, 2022, have decided to invest ...more  
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Comment by businessenseon Jul 24, 2022 6:54pm

RE:RE:RE:RE:RE:RE:RE:BHP full steam ahead by the looks of it

I have understood the magnesium as gravy and the potential seemed easy enough. The reality at the time ended up that it wasn't entirely clear who would buy it based on the commentary I recall ...more  
Comment by mdjbrownon Jul 24, 2022 5:39pm

RE:RE:RE:RE:RE:RE:BHP full steam ahead by the looks of it

Agree biz  I dont think it is any secret GSFC is in this solely for the potash. Likely why GSFC was in support of a 100,000 ton proof of concept sylvite mine in early 2018, as it could have ...more  
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Comment by businessenseon Jul 24, 2022 3:06pm

RE:RE:RE:RE:RE:BHP full steam ahead by the looks of it

With  GSFC's share position invariably increasing as the principle stake holder with this Rights offering, their single primary objective and  decisions will continue to be solely ...more  
Comment by mdjbrownon Jul 23, 2022 10:05pm

RE:RE:RE:RE:BHP full steam ahead by the looks of it

snb458, it will be very interesting to hear the total funding the corporation raises through the Rights Offering.  That will dictate a lot, as I assume the Tech Report update and consulting fees ...more  
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