I had a look & it's about fear of the unknown, discussion of sovereign risk in Tanzania vs Australia (& Tanzanian elections late in November 2025).
POSCO has MOUs (or something like that) with RNU (looks like a viable future project) & hoping they take it to the next level. Fear of the unknown is the greatest fear. Maybe some RNU investors are asking why BKT appears to be in partnership with POSCO & possibly moving into mine construction soon?
Nevertheless, South Korean elections are due on 3rd June & early voting is completed. We should know more about tariff agreements with USA with a new incoming government & likely see some deals announced from POSCO in the next few weeks.
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