POSCO might think theyve done well to pick up equity in BKT at...

POSCO might think theyve done well to pick up equity in BKT at bargain basement prices by waiting for as long as possible to go ahead. But i wonder if this will be a good thing for the project as a whole after the SP has been left to crash by this 2 year delay, thus giving BKT the tricky job of raising the final capex tranche needed to proceed with FID? It wont be easy to find the last US$50m, even via the additional investor route. Aguably, POSCO have just made rods for their own backs, and everyone else's too. A stupid decision, I'd say, if they just wanted graphite production to start asap to meet their needs.

all imho, dyor