Baosteel did not chip into this venture to walk away through a termination penalty. That fee is more applicable to Noront as a disincentive from switching to someone else.

As for share price. note our previous financing at $1.25. Sp dropped by 40% from that afterwards. I suspect similar from the 0.86 of Baosteel's entry, so about $0.50 for sp if the 40% tax break is the cause.
What if they have a 50% break from China? Anyone know what the tax breaks chinese companies get from their govermnent.
In a world of uncertainty fear often trumps fact. Little or no news from management means investors walk away and sp drops as a result, which causes more to leave. A domino effect. Something spectacular is needed to break the trend.