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Bullboard - Stock Discussion Forum 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... see more

TSX:KRN - Post Discussion

Karnalyte Resources Inc > From the MercoPress
View:
Post by SamSlade on Jul 07, 2022 10:04am

From the MercoPress

The mineral which was trading at US$ 300 a ton in early 2021, has now skyrocketed to US$ 1,100 a ton, and with not many prospects of returning to normal levels given the ongoing month-long war in Ukraine following on the Russian invasion.

Sam
Comment by bigkagan on Jul 07, 2022 4:29pm
A big drop in a regular stock, but a brisk trading in RT in a million shares range, whereas it was in 100,000's until now. It could be shareholders are selling KRN and loading up on KRN.RT instead
Comment by FYFTMI on Jul 07, 2022 4:44pm
Definitely.
Comment by mdjbrown on Jul 08, 2022 12:54am
bk, makes you wonder if these Rights are available to short, and someone is capitalizing on a .06 cent to .01 cent free for all. Not sure it would make sense to sell shares to buy over priced warrants, as these warrants expire in 3 weeks and each warrant still has to be exersized at .35 cents prior to that date, or they are worth nothing.