I am curious about this topic can you show us somewhere it says we need to payback the insurance payout other than from any TAFTA proceeds? KCN were paying for an insurance policy worth US$200m for political risk then had to fight the insurance company to actually honor the policy when the shit did hit the fan. As part of the agreement to payout the $55m they agreed to help fund/fight the Thai Gov so they had a chance of getting their money back. So if no TAFTA payout why would KCN have to pay them from profits? They are an insurance company sometimes they actually have to payout if the customer is entitled to make a claim against the policy they were paying premiums for.
But nobody here really has any clue unless you actually have the policy document in your hands or know the specifics. I am sure this is why the information coming out of management about this topic is vague, because no matter what Jamie or anyone says Zurich is not our friend they just want their money back.
KCN Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
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