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.
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.
COK Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
