Yes, l can't see anyone in the market wanting to cough up anymore funds for KPC until there are positive material events set in concrete. Everyone has been burnt by the play for Satamola. Let's hope it's worth it after all this time, and share price erosion.
l don't think MC would want KPC to delist for two main reasons. First it is seen as quite prestegious to list on the ASX for Chinese companies, and offers great access to raising funds etc. Secondly, if that did happen MC may look bad, and as a failure amoung her Chinese peers, possibly tarnishing her reputation.
Access to funds will be key now to bring this sick dog back to life. Let's see what MC can do.
Noggie
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