In 2008 there was a large KWG shareholder - diamonds? - that sold its holdings in a big way, and perhaps could be one of the reasons that the share price went down to 0.02.

Anybody have any idea who this company was and why they sold. (Chromite had already been found and even then there were strong reasons to believe this could develop into a chromite mining play.

So the real question is 'why did this company sell millions upon millions of dollars worth of (speculative) stock for a huge loss, when they could have just held on to them for a while, and maybe made a sizeable profit?'.