less than 20% takeup., page-6

Te "send in money blind" method was always going to be a gamble, so a poor take up is unsurprising. The good news is that the underwriter will take up the 80% slack. With 1b new shares, and dunno ow many existing shares, at some point, I'd reckon they will consolidate and start the clock again like AXM have done. Meanwhile, when she opens up, it's close to 80% loss for current holders, from 4.9c to 1c. The underwriters must reckon they can make a bob or they wouldn't have gone through with the agreement- there are always get out clauses. Maybe KMC will come back into trading when the markets are not so wretched.