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Monday, February 01, 2021 8:22:36 AM
BusinessKorea News is reporting that Uncle Posco needs container ships to haul battery-making materials back to Korea and is "in talks" with Korean Development Bank to acquire a 12.6% interest in HMM formerly known as Hyundai Merchant Marine
https://www.steelguru.com/steel/korea-development-bank-may-sell-hmm-stake-to-posco
and https://www.hellenicshippingnews.com/kdb-moving-to-sell-off-hmm-to-posco/
Uncle Posco immediately files a 6K with the SEC saying
The Company has not received any official proposals from Korea Development Bank, nor has it reviewed them
... and that such talk is a rumor.
http://archive.fast-edgar.com/20210201/A82ZM22CZM2RNJZ2222D2ZYLD8AMZZ22X832/
Dear Uncle Posco, if you were indeed tooling up to haul massive focking quantities of lithium from Chile back to Korea by oceanic container ships for use by You and Auntie Samsung to monopolize making batteries in Asia ... would you tell your bosom-buddy us old-timers at Li3/LIEG (now known as Bearing Lithium something something or other) early who have been with you here in this shithole Chile through thick & thin (mostly all thin actually) since 2012?
The Doctor
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