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Analyst Actions: Salman Partners Keeps Buy Rating, $14 Target on Karnalyte Resources

Salman Partners says: "While the company's 9 cent loss per share was slightly higher than consensuses calling for a 6 cent loss, we are more concerned with its cash position, which stood at $25.1 million at December 31, 2012. The healthy cash balance should be sufficient to support the company's activities in preparation for full construction, scheduled to begin later this year. In our view, this project in the Saskatchewan basin is one of the most likely to be financed through to production."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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