RE:RE:The most important thing right nowCurvature wrote: Pat are you Mr. Browns Alter Ego lol! I am not sure what you are referring to when it comes to 'governance matters namely GSFC dominant board'. GSFC controlled the board then and controls the board now! Just some personality issues nothing has changed as far as who controls the board. If you suspect the original deal will go through sell the house, car, kids, wife mortgage everything dude! Mortgage some for me too lol! You can always move into Mr. Browns basement apartment he could use the extra cash!
What's with the vitriol?
Re: Governance, I am going by publicly disclosed information.
Karnalyte Resources Inc announces cessation of negotiations GSFC has ceased negotiations in respect of the Transaction as Karnalyte and GSFC have been unable to reach an agreement on certain fundamental terms of the Transaction, including with respect to governance matters and the terms upon which Karnalyte’s secondary minerals, including magnesium, will be developed in a separate entity to allow current Karnalyte shareholders to benefit from these currently untapped assets. Even if it doesn't get financed, the market value of the potash project will always be there. In the current environment this project would easily fetch $100-150mil. That's $3.5 to $5.3 per share in value, and is a distress level bargain bin valuation. I discount ALL the other assets to 0 to handicap the cash burn, but I will remind you that there is still as much cash in bank as the price of the shares, and the capital assets are comprised of much more than just the one potash project.