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Quote  |  Bullboard  |  News  |  Opinion  |  Level II  |  Charts  |  Profile  |  Financials  |  Options  |  Price History

Karnalyte Resources Inc T.KRN

Sector: Agriculture | Sub-Sector: Agricultural Inputs
Alternate Symbol(s):  KRLTF

Karnalyte Resources, Inc., is engaged in the business of exploration and development of high quality agricultural and industrial potash and magnesium products.
Price: $1.01 | Change: $0.00 | %Change: 0.00%
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 2.21/0.99
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1 star

There is BLOOD IN THE STREET and this is why

When will things turn around for small-cap resource stocks? I'm not sure... No one is. But as a value investor, I'm not interested in timing the market. I'm interested in buying quality assets that...read more
0 stars

RE:KRN shares pledged on www.gsfclimited.com/annual reports

My best guess, embarassment. A desire to keep jobs. etc. Would all be reasons not to harp on mistakes. You can bet heads seriously rolled over this deal. However, I agree with your assessment...read more
0 stars

RE:KRN shares pledged on www.gsfclimited.com/annual reports

Crazy, you seem to know a lot about financing, pledging and all that jargon. However, why hide information from the shareholders? Seems cheesy to me. jmo  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:KRN shares pledged on www.gsfclimited.com/

Would you want to remind your shareholders of their huge fiasco of a purchase of KRN shares at 8 bucks if you were GSFC unless required to for necessary disclosure reasons? Ha ha. Not likely. You can...read more
0 stars

RE:RE:RE:RE:RE:RE:KRN shares pledged on www.gsfclimited.com/annual re

Read the GSFC report.   They list all the stocks that have agreements with and the amounts and reasons., in the main body of the text.   KRN is not anywhere.  Do a search in karnalyte.   They are...read more
0 stars

RE:RE:RE:RE:RE:KRN shares pledged on www.gsfclimited.com/annual re

The shares are pledged against a term loan which does not mean you cannot sell them only that you would need the permission of the lender and any proceeds from the sale would go to the lender unless...read more
0 stars

RE:RE:RE:RE:KRN shares pledged on www.gsfclimited.com/annual re

Thanks Crazy!  And you could be right about the potnetial swaps.  My feeling is that there is a whole buch of stuff below that we are un aware of and that it is ugly.  rate and reply
0 stars

RE:RE:RE:KRN shares pledged on www.gsfclimited.com/annual re

Yes, on that you do have a point. However, I imagine there are many ways to get around that for example by substituting a different form of collateral, which with the way KRN shares are trading, I can...read more
0 stars

RE:RE:RE:KRN shares pledged on www.gsfclimited.com/annual repor

They can no trade them, sell them or do anything without the permission of the bank or whoever holds them..   Effectively they do not have control of the shares.  rate and reply
0 stars

RE:RE:KRN shares pledged on www.gsfclimited.com/annual repor

DEFINITION of 'Pledged Asset' An asset that is transferred to a lender for the purpose of securing debt. The lender of the debt maintains possession of the pledged asset, but does not have ownership...read more
0 stars

RE:RE:KRN shares pledged on www.gsfclimited.com/annual reports

The 'bank' technical owns them.  That is what a "pledge" is, not collateral.  As a collateral, you are right.  But the words in the GSFC annual report in 2 different places ( search for karnalyte name...read more
0 stars

RE:KRN shares pledged on www.gsfclimited.com/annual reports

No, that's not what it means. It would likely be that if GSFC were to default on their loan which is incredibly unlikely due to their very strong financial situation, these shares could be called on...read more
0 stars

RE:KRN shares pledged on www.gsfclimited.com/annual reports

Looked at the 2012-2013 financials pg 41. Seems like shares were pledged before March 2013, that would be shortly after GFSC acquired them in Jan 2013. Terms of loan can be found on pg 45 of 2013...read more
0 stars

RE:KRN shares pledged on www.gsfclimited.com/annual reports

WOW!  Does that mean that GFCS shares are no longer owned by them, and others own them now ???   Probably pledge @ $5 mark.  Now worth a buck.  Which creditor would not demand those shares plus a lot...read more
0 stars

RE:RE:$1 - Breaking point...

Crazy, don't count Mr Phinney out of the equation either. There is not a chance he just walked away from his baby without at least something taking place behind the scenes. Even more so since we...read more
5 stars

KRN shares pledged on www.gsfclimited.com/annual reports

* The term loan from banks comprises of External Commercial Borrowings (ECB) and are secured by pledge on shares of Karnalyte Resources Inc, Canada. The principal amount of the loan is repayable over...read more
1 star

RE:$1 - Breaking point...

Curvature, it seems we are finally aligned. I completely AGREE with your last post.  rate and reply
0 stars

RE:$1 - Breaking point...

I have been filling more shares at a buck today! Hey I do not see the 8 dollar number coming back anytime soon! However, I do see their Indian partner taking advantage to eventually acquire for just...read more
0 stars

$1 - Breaking point...

Stop losses could be triggered.  A close under $1 will bring 0.80.  rate and reply
0 stars

RE:Cash is $44 Million.

Cash at hand is significantly more than the market cap of $28 million. This market for junior resource stocks is the worse I have seen in 30 years. Incredible destruction of values.  rate and reply