I have a hunch a Korean entity (most likely Posco) will make a bid for COK in ENTIRELY (Intuition tells me the SK Network withdrawal was part of the plot to depress the sp) to make way for a Korean low-ball assault.
Posco is very agressive now as per the Arrium bid to increase their supply of steel making input materials.
If the Chinese bid for EOC is anything to go by, the botttom cycle for coking coal has clearly been reached.
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