Ann: Prospectus for Non-Renounceable Pro-Rata Rights Issue, page-20

What potential plans do you envisage?

If the project is developed it will need more money than MR has. Management will have to engage partners etc and will need the local market to support the company in the form of a higher SP.
The other clear alternative is selling the whole project with the DFS available for due diligence. MR has done deals before. He will have a price in mind. This may not represent the very best long term outcome for shareholders but based on what he has historically paid for shares it would have to be multiples of the current valuation.

I don't know enough about corporate law to comment on delisting the company and the potential ramifications of such a move.