RE:RE:Who is buying?Sg, with all due respect, supply and demand is a metric for those currently producing. Other than speculation for trading, non producers years away from production are irrelevant in that supply and demand equation.
Current Management and the Board have been left with a huge mess that will take time to get through in order to formulate a business plan.
Karnalyte Resources is a billion dollars, and at least 5 years away from any economic potash production if they started digging tomorrow, with a depleting treasury, let alone all the other things still currently going on.
The majority of shares swapping hands in the past few months is likely not retail traders trading on penny profits. Possibly long time holders have had enough and were selling to capitalize through TLS, but there is a lot of shares moving right now with a fairly tight holding.
Of the approx 40 million shares outstanding, GSFC holds 16 million of those shares of which 10 million are .17 cent shares.
Based on Level II asks, in excess of 5 million shares bought would have blown this one skyhigh well above a dollar if it was just retail investors picking away at the ask with no catalysts to encourage buying other than an overall increase in potash prices, and a few pumpers on CEO.ca
Something else is going on and as always, time will eventually reveal the facts!