POSCO has reduced to a mere 10.2% of A$82.58 - loose change for...

POSCO has reduced to a mere 10.2% of A$82.58 - loose change for a company with a US$22.5bn market cap.
The fact that POSCO doesn't have a much larger slice of this perpetual 'gunna' is more to the point.
The whole battery metal market is shot to pieces - transient high prices have created a surplus, leaving Korea and China to play cat&mouse games with the over hyped ' gunna's ' survivors, struggling to escape the 'no progress zone' and mainstream investment irrelevancy.
RNU, even with state and Federal endorsement and subsidies is struggling to stay afloat, but even at a depressed SP, has a market cap more than x4 BKT ... despite BKT appearing relatively cheap (like PEK), it can't seem to shake off the perceived geopolitical risk ??
So, once again it seems more sensible to accept lower returns for lower risk in geopolitical low risk countries ??

Both RNU and BKT have had SP over 20c - failure to hold 20c would have activated a "stop loss" exit for disciplined traders - rather than being a true believer who engages in endless rationalisation about why this ' Titanic ' shouldn't be sinking.
A chart reflects market analysis and action - don't try to rationalise an avalanche - just move your arse to the sideline.