As if the 1 month about face wasn't extraordinary enough, one should question why the SP has fallen so much when the failed placement is quite non-fatal and would have no material impact on COK in the short term.
Also SK Networks & POSCO are joint at the hip !
http://www.bloomberg.com/news/2010-09-14/sk-networks-may-secure-9-million-tons-iron-ore-annually-from-mmx-s-stake.html
SK Networks joins Posco and Korea National Oil Corp. in bidding for resources overseas as competition from China spurs price increases from coal to iron ore to copper.
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