Couldnt find a thread that covered this one, so here goes.

Im adding it to my bisi coal shares as the Chinese and India Economic Industrialisation process gathers more pace. Coal prices are rising by the day and some of the contracts signed worldwide are twice what they were at this time last year. I do hear that there is a lot of news flow to come from WTN so this should move the price along upwards throughout the year.

There appears to be no stopping for WTN in Canada and on our own market.

Check out the the latest news on http://www.westerncoal.com as Western Canadian Coal Obtains Six-Year Purchase Commitment from POSCO and Western Canadian Coal Appoints BNP Paribas as Project Finance Advisor for Wolverine recently. Let's hope that this little gem will brighten spirits for all.

DYOR.

cheers GF.

To find out the price of the shares when the Canadian market is open click on this link.

http://www.westerncoal.com/.

The chart looks very encouraging with a price trend channel going upwards.



cheers GF.

Western Canadian Coal Loads First Coal Ship

Vancouver, B.C. January 13, 2005 - Western Canadian Coal Corp. (TSX-V: WTN and AIM: WTN) ("WCCC" or the "Company") will begin loading its first coal ship at Ridley Terminals, Port of Prince Rupert BC on Thursday, January 13th 2005. Upon completion of loading, the "M/V Pacific Success" will sail for South Korea where POSCO, one of the world's foremost steel producers, will use the Company's Burnt River pulverized coal injection (PCI) coal to make steel.

"This is a significant day for our company and we are very pleased and proud of this accomplishment," said Gary Livingstone, President and CEO of the company. "Thanks to the good work of a lot of talented people, the supply chain needed to deliver our coal to the world is now complete and it is operating smoothly. We also wish to acknowledge the important role played by the provincial government and its regulators in helping the Company achieve this important milestone."

WCCC currently has more than 250 million tonnes of coal under exploration and development planning in British Columbia. The Company is focused on the development and production for the international markets of 5 million tonnes of coal per year by the end of 2009, comprising 2 Mt/annum of PCI coal and 3 Mt/annum of hard coking coal.

For further information

Western Canadian Coal Corp., Gary K. Livingstone at (604) 608-2692 or info@westerncoal.com, Website: www.westerncoal.com

Down a little in Canada tonight. Never mind itl come back and its nice to get a bit more back bone into my portfolio.

cheers GF.

A nice rise this morning hoing it will be sustained.

cheers GF.

Starting to look strong.

cheers GF.

Ready to move up on the next leg.

cheers GF.

I think you are on to another good one here GF

Thanks Troys, lets see how it goes this afternoon in Canada,

cheers GF.

Where do you get a Canadian quote for this?

Edit: Oh, here it is: www.westerncoal.com.

Yup on their web site and its up.

cheers GF.

Down slightly at the beginning of the day over in Canada, but usually is.

cheers GF.

Nice to see this one on the up.

cheers GF.

Making up some ground today

Yup a great end to the week all round.

cheers GF.

Finished up higher in Canada.

cheers GF.

LONDON (AFX) - Western Canadian Coal Corp posted wider three month losses as a result of compensation expenses in connection with stock options and deferred exploration and development costs.

For the three months to Dec 31 2004, the company, which listed on AIM last October, made a net loss of 2.08 mln usd compared to a loss of 0.36 mln a year earlier.

The company said it produced 53,700 tonnes of coal in the period, and although it began coal mining operations at the Dillon mine in British Colombia in the quarter, no coal sales had been made to that date.

It added it received last month an Environmental Assessment certificate from the government of British Colombia for the production of 1.6 mln tonnes of clean metallurgical coal a year on the Perry Creek and EB open-pit properties over a projected 11-year period.

'Further, the company applied for a mining permit on the Perry Creek open-pit in November 2004 and expects approval in early 2005,' it said.

'The estimated marketable coal for the Perry Creek and EB open-pits are 15.6 mln tonnes of metallurgical coal and 0.3 mln tonnes of thermal coal.'

WCCC also completed a placement in February raising 115 mln cad.

For the nine months, the company recorded a net loss of 4.53 mln usd compared to a loss of 1.11 mln for the same nine-month period in 2003.

bam

Are you interested in Porvair PRV ..Goldfinger?Looks interesting to me with the increase in mining that will happen now that reserves are down from coal to gold.

Please enlighten me Ethel.

cheers GF.

Hi ethel, not sure what you are geting at???????????????????????.

Anyway nice to see this one back in the blue.

cheers GF.

Hi Goldfinger.Am interested in coal mining as it ran in my family!There seems to be more interest in coal mines recently so I was pleased to see this post.Re.Porvair.They are a specialist filtration and advanced materials group who signed a 20mln.dollar long term agreement with a leading US coal gasification operator,SG Solutions LLC.Under the terms Porvair will supply critical gas filters to the SG Integrated Gasification Combined Cycle Generation Plant in Indiana.IGCC plants convert coal or petroleum coke into synthetic gas,which is then used to fuel gas-fired power stations.The US has 25% of the world's coal resources but less than 3% of the world's oil and natural gas.Porvair shares stand at 117.50p...bid117,offer118.Forecast growth for 2005=4.60eps,26.52p/e,exp.eps growth plus 24%.Digitallook brokers give it a strong buy.My target is 160p.Have a look and tell us what you think.Anything to get away from Uranium!!!Ethel

Thanks for clarifying this one ethel. It does look like you are onto something here I always thought porvair were in the fuel cell business. Going to do a lot more research. That P/E looks high but its not the forward one is it, any idea what the P?E is for 2006?

cheers GF PS Western Canadian Coal doing very well so far today.

That is the Forward P/E for 2005.Don't know for 2006.They had three bad years,going from 450p in 2001 to 140p in january this year.But even if they only make last yr's high of 160,that's still a nice profit.REmember the 2p dividend expected for this year.They are in profit again and have lowered debt.They are involved in other things which I haven't gone into,but sound v.interesting.Their filters are benefitting workers and the environment.I think that there will be a resurgence in coal mining,especially in China and America.The old mines must be modernized.This applies to all types of mining.Porvair's market must surely get bigger in the med.to long term.Someone of you who knows more please add to this topic.I hope Canadian Coal proves a winner for you,Goldfinger...you seem to be a good stockpicker and put a lot of energy into these message boards.Ethel

Ethel , I like that bit about their filters benefiting workers and the envoirement, worth a premium in any stock that, but the P/E is topy. Going to do more research here. Thanks for the kind help.

cheers GF. PS, India aswell is taking a lot of the Worlds coal now as is Japan funnily enough.

Just took the liberty of asking deancroft and Filthy Poor over on SEO....they are ENGINEERS...to elucidate on the products.I think I saw a porvair message somewhere else,can anyone help.I don't want to distract from Canadian Coal which looks a good investment.I like Canadians....very civilised.Ethel

HI Ethel, dont wish to poor ice on your findings but please remember there is one hell of a difference between the findings of people in any specific industry and then the forecasts from pro brokers.


Please keep us informed.

cheers GF.

Hi Ethel, found your postings, ref 24 of 25. Porvair could do nicely simply because of America's fuel reserves as you point out. Burning coal is anti-social nowadays and not terribly efficient as it contains all sorts of contaminants, sulphur being a big one. To get the best out of coal, pulverise it to a dust, fluidise it to make it take on liquid properties, heat it, add water via superheated steam and behold we get a gas we can burn (carbon plus hydrogen plus oxygen makes hydrocarbon as in petrol, parraffin, sugar, fat, methane, propane, butane etc. all which burn under certain conditions) Porvair filters are designed to work at very extreme temperatures (500 Celsius??)to capture undesireable particles in such a process and so clean the gas. The gas is used to fuel turbines (to get electricity)and the waste heat is used to heat water to steam to drive other turbines (to get more electricity) and so get max thermal out of the process. Apologies to other (now bored) posters, end of lesson.

Canadian Coal steanming ahead.

cheers GF.

Up in Canada at the moment and just look at the buy volume here today. Superb.

cheers GF

Thanks a lot Deancroft.Are you a mining engineer?I have found the original thread started by Socrates in AUG 2003.He's still there.The thread is titled 'If you like "DYS" one you'll like this one Porvair(PRV)'I shall drum up support and enthusiasm over there,if I can.Maybe you can help us out Ethel,Deancroft?

Hoy ethel get your purse out and buy a few of Western Canadian, youl be sorry if you dont.

cheers GF.

Looking forward to this coming week with these, now showing real strength.

cheers GF.

Stuck in a upward trend channel, needs to burst through the roof to make gains.

cheers GF.

Dont sell off, the markets getting a shock taste of reality. There will be a bounce in the US.

cheers GF.

Just out from Killik brokers....................

Sentiment in the near term appears to have turned with active profit taking in the second liners after a terrific run to the start of the year. How far things will come back is the obvious key question but so far, it does not appear as if too much stock is coming out and this feels more like a healthy correction rather than something more significant.

cheers GF.

Western Canadian Coal Corp
24 February 2005


Western Canadian Coal Corp. ('the Company' or 'WCCC')

Director's shareholding

The Company was notified on 23 February 2005 that Gordon Bub, a non-executive
director of the Company, sold 37,100 shares on 23 February 2005 at an average
price of C$6.10.

Following this sale, Gordon Bub is interested in 8,000 shares in the Company,
which represents 0.01% of the issued share capital of the Company.



This information is provided by RNS
The company news service from the London Stock Exchange

Done badly over the last few days theres no getting away from that, but at its present price it gives you an opportunity to get in very cheaply, very cheaply indeed.

cheers GF.

GF - I've taken some profits on others recently and have been looking at Gold and Coal. Your expecting some upward movement on WCCC then?

Yes especially after this from Broker Killik morning notes today..........




NEWS IN BRIEF



Shares in the London Stock Exchange trade lower as funds look to short the stock based on the expectation of a prolonged and possibly unsuccessful bid from the Deutsche Boerse. Rexam, the can manufacturer posted strong results and the shares have moved higher to 463p. Care UK has been written up as a buy in the Investors Chronicle. A previous recommendation of our Research department, the stock is pushing through to new highs in morning trade and looks great on the chart. Cambrian may be worth a further look as at its shares consolidate around the 2 level which we deem as cheap. One of its big investments Western Canadian should be in town in the next couple of weeks whereby it will have a clearer idea of its contracted coal rate for the coming year. Initially, money was raised with a $45-50 per tonne range but expect it to be in the $95-110 following the price increase in coal.

cheers GF.

GF - Thanks. Sooner44

With the expected surge in world coal prices following the chinese announcement that they will not have enough coal for their needs,let alone for exporting,I believe that investing in this industry with all the ancillary techniques involved,i.e.ventilators,compressors,waste recycling etc.is imperative.I am also looking at UK Coal,UKC..which gives 7.75%dividend and owns an enormous land bank,which will become even larger as the open-cast mining operations will be closed down due to councils refusing permission for this environmentally damaging activity.Interestingly,the announced closing down of Wellbeck colliery has been avoided since management finally agreed to new working hours that satisfied the unions.This is good news in an industry fraught with labour disagreements.Would it be possible to re-open some of the mines at Selby if the price for coal proves tempting enough?I hope that management do not end up in a legal tussle with DRAX....force majeure and all!I respect your opinion,Goldfinger.Thanks,Ethel

Hi Ethel,

yes quite right the price of coal is rising on the world markets but be very carefull with with UK Coal as its contracts dont run out until later this year, nor sure when but they were signed at about 1/3rd the price of coal today.

They also have all this land and property and if it were to be sold the company would arguably be worth with its cash pile, about 450p on the market but obviously that is a long term factor.

Like you say the increasing price of coal will and should give longer life to this countrys mines and its workers. Three other cos to look at are Bisichi and Anglo Pacific and also ATH who have more or less said they will fill the gap UK have left at present.

Im in Bisichi and this one at present and West Canadian are here for 2 weeks doing the rounds in the city.

cheers GF.

Don't forget Palmaris Capital who own 23% of Scottish Mining.This is Scotland's biggest coal mine.It's fixed price contracts expire this year and will benefit from the higher coal prices.

Presentations to City Brokers start today.

cheers GF.

Excelent news this morning I can se this one really taking off when the Yanks open up.

March 3, 2005

NEMI Northern Energy & Mining and Western Canadian Coal Corp. Announce Formation
of Belcourt Saxon Limited Partnership

NEWS RELEASE

Vancouver, B.C. March 3, 2005 - NEMI Northern Energy & Mining Inc. (TSX-V:
NNE.A) ('NEMI') and Western Canadian Coal Corp. (TSX-V: WTN and AIM: WTN)
('Western') are pleased to announce that further to their news release of
November 12, 2004, they have completed the formal documentation for their joint
venture on the Belcourt and Saxon properties. The 50-50 partnership (operating
as the Belcourt Saxon Limited Partnership) has been formed to further explore
and develop the Saxon and Belcourt coal properties, located in northeastern
British Columbia.

The partnership agreement contemplates expenditures of up to $20 million to
increase the confidence-level of coal resources in areas evaluated by historical
feasibility and other mining studies, to prepare new feasibility-level studies
on areas identified as having surface mining potential, and to advance those
portions of the properties that, to date, have seen limited exploration. NEMI
and Western have each closed equity financings recently to providing funding for
their respective commitments.

Mr. Charles Pitcher, P.Eng. will head up the management of the Limited
Partnership. Mr. Pitcher has 35 years of mining experience; over much of the
past 10 years his work has been in international project development and for the
last 2 years in project management of Western's current coal projects.

Saxon and Belcourt underwent extensive exploration and delineation drilling in
the 1970's and early 1980's, and feasibility reports were prepared which
indicated the potential for large scale coal mining operations on four main
areas; namely, Red Deer, Holtslander, Saxon East and Saxon South. The Belcourt
Saxon Coal Limited Partnership will update the existing information and acquire
new data in order to expand and reclassify the coal resources within the main
deposit areas with a view to developing operations that can support production
levels in the range of 6 to 10 million tonnes per year. Combined historical
resource estimates for the four main potential surface mineable areas are in
excess of 150 million tonnes.

NEMI Northern Energy & Mining Inc. Western Canadian Coal Corp.
per: per:

'P.C. Devlin' 'Gary K. Livingstone'
President President

cheers GF.

SP Down 11p this morning. Nice turn around now. Looking good GF

SP slightly down...perhaps mystery buyer ;-) Sure this will move upwards when Canada wakes up.

Its up in Canada now on high volume aswell.

cheers GF.

From Killik Brokers morning notes.....................

As an aside, Western Canadian Coal management is in London next week to meet investors and we shall be looking for an update on the coal price they have secured from their producing mine.

cheers GF.

These have been dissapointing over the last week or so, just hope these London Investor meetings are going to perk them up.

cheers GF.

Western Canadian Coal (WTN) Company meeting
KILLIK & Co MORNING NOTE - 08 March 2005
Paul Kavanagh


Listed on AIM and the Toronto Exchange, Western Canadian Coal has a market capitalization of around 184 million. A further 20 million shares are outstanding under warrants and options which would bring in a further 30 million of cash if exercised to add to the current 50 million held on the balance sheet. The company began production at its Dillon mine in British Columbia in Canada at a rate of 60,000 tonnes per month. The coal mined here is known as PCI, an effective substitute for hard coking coal with current spot prices around US$100 per tonne. We would expect an announcement in the next two to three weeks from the group as to the general rate they have settled but do not expect it to be too far from this point. This contract price will last for 12 months. At present, the current consensus sees PCI coal at similar levels for 2007 before declining to US$85 in 2007 and US$60 in 2008 on which financial models are built.



The Dillon mine has a production cost of around $50 per tonne so the margin is healthy and it is expected to lower this by around $5 to $6 through production efficiencies. This cash flow along with cash balances will be used to finance the Wolverine project which would allow production to increase to potentially 2.4 million tonnes (up from current 720,000 tonnes) by the financial year to March 2008. The company is fully financed for the anticipated 75 million construction cost assuming exercise for the options (and not taking on board debt). The target is for 3 million tones production in the following year at which point, it should flatten out. Should all of the above take place on time, then it is realistic to be thinking of profitability of around 80-90p a share by 2008 which also assumes a fairly sharp fall in the price of coal of around 40% from current levels.



Western Canadian also owns a speculative position in a joint venture with NEMI to exploit a mine some 100 km south of the Wolverine project. The resource is anticipated to have a 290 million tonne resource with potential to produce 6-10 million tones per year (i.e. at least doubling there then anticipated current production capacity). A total of 8.5 million has been committed in total by the two partners to produce a feasibility study which include the build of a new railway to transport the coal. To put this into context, Asia Energy, which has been a star performer of late, is a 400 million prospect with generally lower quality thermal coal. Clearly, construction costs would have to come from new finance (unless coal prices have held up longer than anticipated and a friendly debt facility is in place).

Overall, the outlook for Western Canadian looks very promising. The stock, at C$5.35 (below the recent CS$6.10 placing price) looks too cheap and we would be buyers into weakness. Holders of Cambrian Mining gain access through its 37% (fully diluted) stake.

Superb post Troys ;-)

Flying high in Canada (allow 15 mins delay):

Symbol Price $ Chng % Chng Volume Exchange*
WTN 6.200 +0.340 +5.80 1,035,752 VN
WTN.WT 0.000 +0.000 +0.00 0 VN

...forgot to include RNS on Mar 11, 2005 as follows:

Western Canadian Coal Corp.
900 - 580 Hornby Street
Vancouver, B.C.
V6C 3B6

Phone 604-608-2692
Fax 604-684-0682
Email info@westerncoal.com



TSX Venture:WTN

NEMI Northern Energy & Mining Inc.
200 1055 West Hastings Street
Vancouver, BC V6E 2E9
Telephone: (604) 689-0277
Fax: (604) 688-5210
info@nemi-energy.com

TSXV: NNE.A Western Canadian Coal Corp.
900 580 Hornby Street
Vancouver, BC V6C 3B6
Telephone: (604) 608-2692
Fax: (604) 629-0075
info@westerncoal.com

TSXV: WTN
March 11, 2005

N E W S R E L E A S E
NEMI Northern Energy & Mining and Western Canadian Coal Clarify Historical Coal Resources held by Belcourt Saxon Coal Limited Partnership

Vancouver, B.C. March 11, 2005 - NEMI Northern Energy & Mining Inc. (TSX-V: NNE.A) ("NEMI") and Western Canadian Coal Corp. (TSX-V: WTN and AIM: WTN) ("Western") announce that further to their news release of March 3, 2005 they wish to clarify the source of the historical coal resource estimates for the Belcourt and Saxon coal properties located in northeastern British Columbia, in accordance with National Instrument 43-101.

Historical resource estimates within proposed open pits for the Red Deer, Holtslander, Saxon East and Saxon South deposits were prepared by the following independent consultants:

Monenco Consultants Pacific Ltd., Saxon Project Feasibility Study (1977): estimated in-place coal resources for the Saxon South open pit deposit at 72.3 million tonnes (Mt).
Wright Engineers Ltd., Belcourt Feasibility Study (1982): estimated in-place coal resources at 107 Mt and 63 Mt for those portions of the Red Deer and Holtslander pits that fall within the current Belcourt licence block.
Norwest Mine Services Ltd., Report on the Saxon East Coal Property (1997): estimated in-place coal resources at 48 Mt.
Beacon Hill Consultants (1988) Ltd., Belcourt Project Qualification Report (1998): estimated in-place coal resources for Red Deer at 33 Mt and for Holtslander at 23 Mt.
Norwest Mine Services Ltd., Belcourt Project Preliminary Feasibility Study (2000): estimated in-place coal resources for Red Deer at 32 Mt and for Holtslander at 13 Mt.
These resources were estimated at stripping ratios ranging from approximately 4.5: 1 to 9.5: 1.

The resource estimation procedures and classification criteria for these proposed pits did not always conform to guidelines presented in GSC Paper 88-21 or National Instrument 43-101. Consequently, the Belcourt Saxon Coal Limited Partnership (the Limited Partnership) does not consider these estimates to be current and therefore they should not be relied upon.

The combined historical resource estimates for the four main potential surface mineable areas are in excess of 150 Mt. These historical resource estimates are relevant as they cover those parts of the project that are the focus of work currently being undertaken by the Limited Partnership. The estimates are based upon extensive detailed geological mapping, diamond and rotary drilling, surface trenching and underground bulk sampling conducted by major mining companies between 1970 and 1980, plus data from drilling undertaken by Western on Holtslander in 1998.

A recent review of Saxon by JHP Coal-Ex Consulting Ltd (February 2004), re-stated and re-classified historical resource estimates for Saxon East and Saxon South as follows:



Indicated (Mt)
Inferred (Mt)
Speculative (Mt)



Saxon East
53.1
55.0
111.0

Saxon South
-
4.19
18.74


The inferred and indicated resources were classified as in-place and of immediate interest; speculative resources were classified as in-place and of future interest. The indicated resource at Saxon East closely conforms to the surface mineable area outlined by Norwest in 1997. Resources for Saxon South were accepted as reported by Monenco, but adjusted to account for a portion of the resource that lay outside the property boundary.

Based upon mining studies conducted to date, the Limited Partnership considers the properties to have the potential to support significant mining operations. Therefore, it is the intent of the Limited Partnership to advance the project to feasibility. Work is currently underway on engineering scoping studies and environmental reviews, to be followed by a field programme designed to fully delineate the resources and conduct environmental baseline studies.


NEMI Northern Energy & Mining Inc.
per:

P.C. Devlin
_______________________
P.C. Devlin
President Western Canadian Coal Corp.
per:

Gary Livingstone
_______________________
Gary Livingstone
President

THIS PRESS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THIS PRESS RELEASE.


Note: This release may contain forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by the companies with the TSX Venture Exchange and/or documents filed on SEDAR, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The companies undertake no obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Excelent return to form.

cheers GF.

Western Canadian Coal settles coal prices with north Asian steel mills
AFX


LONDON (AFX) - Western Canadian Coal Corp said following talks with north Asian steel mills it settled a price of more than 100 usd a tonne for its low volatile pulverized coal injection (LV-PCI) coal for the year starting April 1, 2005.

In addition, the company's six-year contract for delivery to POSCO of 2.8

mln tonnes of coal during the period has been confirmed following the successful trial shipments of LV-PCI coal in the first quarter of 2005.

WCCC's Burnt River LV-PCI coal is exported to major steel mills in north Asia including POSCO of South Korea, Baosteel of China, China Steel of Taiwan and four major Japanese steel mills.

On March 11, the company applied to amend its Dillon Mine annual production limit from 240,000 tonnes a year to a continuous monthly rate of 80,000 tonnes.

Based on approval of the Dillon Mine amendment this quarter, the company would expect to produce and sell about 800,000 tonnes of LV-PCI coal for its fiscal year to end March 2006.

'The agreed pricing reflects the continued strong demand for LV-PCI coal,' said Gary Livingstone, WCCC's president and chief executive.

newsdesk@afxnews.com

jc

Western Canadian Coal Corp
05 April 2005



Western Canadian Coal Settles Coal Prices with Steel Mills, Applies for
Increased Production, And Prepares Application for New Mine Permit

Vancouver, B.C. April 5, 2005 - Western Canadian Coal Corp. (TSX-V: WTN and AIM:
WTN) ('WCCC' or the 'Company') is pleased to announce that coal price
negotiations with the north Asian steel mills have concluded with settlement
prices for the Company's low volatile pulverized coal injection (LV-PCI) coal
for the contract year commencing April 1, 2005 in excess of US$100 per tonne.
These settlements reflect current international coal market prices for premium
quality LV-PCI coal.

In addition, the Company's six-year contract for delivery to POSCO of 2.8
million tonnes of coal during the period to POSCO has now been confirmed
following the successful trial shipments of LV-PCI coal in the first quarter of
calendar 2005.

WCCC's Burnt River LV-PCI coal is exported through Ridley Terminals at Prince
Rupert to major steel mills in north Asia including POSCO of South Korea,
Baosteel of China, China Steel of Taiwan and four major Japanese steel mills.
The Company is also exporting coal to Europe and is expanding its market
development activities in both the Asian and Atlantic regions, to meet growing
demand for both LV-PCI and hard coking coal.

On March 11, 2005, the Company submitted an application to the BC Ministry of
Energy and Mines to amend its Dillon Mine annual production limit from 240,000
tonnes per calendar year to a continuous monthly rate of 80,000 tonnes. The
proposed change in mine production rate would not increase the mine disturbance
footprint or the total waste mined but would allow the Company to mine out the
small deposit at an accelerated rate. Based on approval of the Dillon Mine
amendment this quarter, the Company would expect to produce and sell
approximately 800,000 tonnes of LV-PCI coal for its fiscal year ended March 31,
2006. This quarter's planned LV-PCI coal exports will include the balance of the
trial shipments previously contracted in 2004 as well as new shipments to the
Company's customers in Asia at the new contract-year prices.

Given the growing demand for premium quality LV-PCI coal, WCCC is working
towards applications for an Environmental Assessment Certificate ('EA
Certificate') and mine permit on the proposed adjacent Brule Mine. A Brule
Project Description report was submitted to the BC Environmental Assessment
Office in January 2005 and the application for the EA Certificate is expected to
be submitted by the third quarter of 2005.

Gary K. Livingstone, WCCC's President and CEO, stated 'The Company's sales to
Asia are now fully committed for the coal year ending March 31, 2006 and the
agreed pricing reflects the continued strong demand for LV-PCI coal as well as
an acknowledgement by our customers of the premium quality of our product. The
amendment for Dillon and the anticipated large mine application for Brule will
establish the Company as a significant LV-PCI coal producer'.

About the Company:

WCCC currently has two groups of coal properties under exploration and
development planning in British Columbia: Wolverine and Brazion. The Company is
focused on development and production for the international markets of 5 million
tonnes of coal per year by fiscal 2009, comprising 2 Mt/annum of LV-PCI coal
from the Brazion group and 3 Mt/annum of hard coking coal from the Wolverine
group. Additionally, WCCC holds a 50% interest in the Belcourt Saxon Coal
Limited Partnership formed to further develop the Belcourt and Saxon group of
coal properties in Northeast British Columbia.

For further information please contact
Mr. Gary K. Livingstone, President & CEO, Western Canadian Coal Corp.
Ph 604-608-2692, E-mail:
info@westerncoal.com
Website:
www.westerncoal.com


WESTERN CANADIAN COAL CORP.

'Gary K. Livingstone'

President and Chief Executive Officer

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL
RESPONSIBILITY FOR ITS CONTENTS. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Note: This release contains forward-looking statements that involve risks and
uncertainties. These statements may differ materially from actual future events
or results. Readers are referred to the documents filed by the Company with the
TSX Venture Exchange and/or documents filed on SEDAR, specifically the most
recent reports which identify important risk factors that could cause actual
results to differ from those contained in the forward-looking statements. The
Company undertakes no obligation to review or confirm analysts' expectations or
estimates or to release publicly any revisions to any forward-looking statements
to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.



This information is provided by RNS
The company news service from the London Stock Exchange

From Killik morning notes.....................

Western Canadian operations update
This AIM listed coal mining group has been described as the jewel in
the crown for the Cambrian Mining stable of investments. And when
that stable includes the 10x return achieved from Asia Energy that is
some claim. Yesterday, the company announced contract terms
agreed on the pricing of its coal for the year ahead. We understand
that a price around $103 per tonne which is at the top end of the
range achieved globally and justifies the wait and see approach the
company took.
The current market capitalization of around 180 million looks cheap
given prospects. The company should be moving towards production
of around 2 million tones per year over the next twelve months and
has the necessary finance to take this up to 5 million tonnes from
current owned assets. At over $100 per tonne, one can see the
revenue potential and margins are very high. Market observers
Cambrian Mining
Tactical Buy
Price: 194p
Price target: 306p
Risk rating: 7
Market cap: 149m
expect coal to remain at a storng price for 2006 before forecasting
this to decline in 2007 onwards as new production comes on stream.
Western Canadian in its budgeting looks to $55 from then (which
looks very conservative) on which it expects production costs to be
about $15.
The shares look good value on production levels alone but this
ignores the possible upside on its NEMI joint venture. This has the
potential for 10 million tonnes of annual production and whilst still at
an early stage, the funding is in place to develop this through to a
bankable project. Cambrian Mining, as a 40% shareholder, remains
a discounted route into Western Canadian Coal. We have reduced
our Cambrian Mining risk rating from 9 to 7, to reflect the significant
improvement in the companys liquidity since we initiated the
recommendation in October 2004.

cheers GF.

Any news anyone?

It's been a while since this post was last updated. Here is my contribution...

Fellow WTN'ers,

Nice to see some movement overnight in Canada:

Symbol Price $ Chng % Chng Volume Exchange*
WTN 3.650 +0.250 +7.35 260,370 T
WTN.WT 0.250 +0.000 +0.00 0 T

Good to see more buys in the UK today as the sells appear to be overdone in my opinion:

Time Price Quantity Type Bid Offer Buy/Sell Total Buy Total Sell Total Unknown
16/06/05 14:11 157.0 5,000 O 148.0 158.0 Buy 8,300 0 0
16/06/05 11:37 155.0 3,300 O 148.0 158.0 Buy 3,300 0 0

FYI,

Todays Candlestick Patterns:

Four Price Doji
Bearish Harami Cross

Today a Four Price Doji was formed. It represents complete and total uncertainty in the market direction.

The last two candlesticks formed a Bearish Harami Cross Pattern . This is a bearish reversal pattern that marks a potential change in trend. However, its reliability is not very high and it requires confirmation.

...as this stock is news-driven, this stock has reached it's all time low and could be time to see a bounce.

Hang on tight and DYOR...


Cheers,


OracleDBA2004

Currently trading over 8% up...

Need some serious recovery on this one OracleDBA2004. A good start

Certainly requires more trading activity and news. A good start I feel with +10.83% rise. Hoping for more solid start next week.

Worth a read (a tad late though):

http://business.scotsman.com/index.cfm?id=664312005

http://today.reuters.co.uk/news/newsArticle.aspx?type=businessNews&storyID=2005-06-16T161151Z_01_HO627595_RTRUKOC_0_MARKETS-BRITAIN-STOCKS.xml

The FTSE index had reached a low of just over 3300 in April 28th but now at standing at 3850 and has been solid throughout

Some further news but goes to show WTN's commitment in delivery to their customers:

Press Release Source: Western Canadian Coal Corp.


Western Canadian Coal Corp. provides update on closure of Highway 29 affecting road haul to load-out
Friday June 17, 3:07 pm ET
TSX: WTN and AIM: WTN


VANCOUVER, June 17 /PRNewswire-FirstCall/ - Western Canadian Coal Corp. (TSX: WTN and AIM: WTN) (the "Company") announced today that it is continuing mining operations and shipping despite the temporary closure of Highway 29, approximately 5.5 km south of the Sukunka Road turnoff (28 km south of Chetwynd, British Columbia), due to a structural failure.
On or about 8 PM, June 13, 2005, approximately 350 metres of Highway 29, on which the Company transports coal to the Bullmoose load-out near Tumbler Ridge, was washed away. The BC Ministry of Transportation is looking to make the road passable in the short term. Initial indications by the Ministry are that a temporary road could be operational in approximately ten days.

"We have approximately 87,000 tonnes of coal stockpiled at the rail load- out and port, which provides sufficient inventory to ensure the Company continues shipping until mid-July 2005." said Gary Livingstone, President and CEO. "Ensuring a continuous supply to our customers is vital in establishing Western Canadian Coal as a significant coal producer. We have decided to continue trucking coal using Highways 97 and 52 as a detour until the Ministry can make Highway 29 passable. We are also continuing to look at other options to load our coal onto rail cars. At this time, we estimate that the additional cost of transporting our coal using the detour will be approximately $200,000 for the ten day period."

Forward-Looking Information

This release may contain forward-looking statements that may involve risks and uncertainties. Such statements relate to the Company's expectations, intentions, plans and beliefs. As a result, actual future events or results could differ materially from those suggested by the forward-looking statements. Readers are referred to the documents filed by the Company on SEDAR. Such risk factors include, but are not limited to, changes in commodity prices; strengths of various economies; the effects of competition and pricing pressures; the oversupply of, or lack of demand for, the Company's products; currency and interest rate fluctuations; various events which could disrupt operations; the Company's ability to obtain additional funding on favourable terms, if at all; and the Company's ability to anticipate and manage the foregoing factors and risks. Additionally, statements related to the quantity or magnitude of coal deposits are deemed to be forward-looking statements. The reliability of such information is affected by, among other things, uncertainties involving geology of coal deposits; uncertainties of estimates of their size or composition; uncertainties of projections related to costs of production; the possibilities in delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those related to health, safety and environmental matters.



WESTERN CANADIAN COAL CORP.

"Gary K. Livingstone"

President and Chief Executive Officer


For further information please contact:

Gary K. Livingstone, President & CEO or Fausto Taddei, CFO & Corporate
Secretary, Western Canadian Coal Corp., 900 - 580 Hornby Street,
Vancouver, B.C. V6C 3B6
Phone 604-608-2692
Fax 604-629-0075
Email info@westerncoal.com, www.westerncoal.com

A solid and information RNS. Give this gem time to nuture....

Western Canadian Coal Corp
21 June 2005


Western Canadian Coal Corp. Records
Fourth Quarter Operating Profit

Vancouver, B.C. June 21, 2005 - Western Canadian Coal Corp. (TSX: WTN and AIM:
WTN) ('WCCC' or the 'Company') is pleased to provide the following corporate and
operating update including a summary of results for the three and twelve months
ended March 31, 2005:

Fourth Quarter Highlights:

The Company earned an operating profit of C$1 million for the quarter
ended March 31, 2005 on the sale of 152,000 tonnes of pulverized coal
injection ('PCI') coal at an average price of C$74.65 (US$60.63) per tonne.


The Company settled pricing for its ultra low-volatile PCI for the year
commencing April 1 2005 at slightly more than US$100 per tonne, an increase
of US$40 per tonne on the average price per tonne recorded in the first
quarter.


WCCC has made application to the BC Government to amend its Dillon Mine
annual production limit from 240,000 tonnes per year to a monthly rate of
80,000 tonnes. Subject to receipt of the Dillon Mine amendment, the Company
would expect to produce and sell approximately 800,000 tonnes of ultra
low-volatile PCI coal for its first fully operational fiscal year ended
March 31, 2006.


Subsequent to quarter-end, WCCC received a BC Government Mines Act permit
for its Wolverine project and immediately began construction of a 2.4
million tonne per year coal preparation plant, rail load-out and related
facilities that are expected to cost C$180 million. The permit allows for
production of 1.6 million tonnes annually and in May the Company made
application to amend the permit to 2.4 million tonnes. The project is being
engineered for 3 million tonnes per annum.


In February, WCCC raised C$110.3 million in net proceeds through a
private placement of 18,852,460 units at a price of C$6.10 per unit. As at
March 31, 2005, the Company had a working capital surplus of C$119.4 million
compared to a working capital deficit of C$1.3 million as at March 31, 2004.


Subsequent to quarter-end, on April 19, 2005, the Company's shares
commenced trading on the Toronto Stock Exchange ('TSX') under the symbol
WTN.

Operations

The Burnt River Property:

The Burnt River property, within the Company's Brazion Group of properties,
incorporates the Dillon Mine and the proposed Brule mine project and is located
between Chetwynd and Tumbler Ridge in northeastern British Columbia.

Full-scale production from the Company's Dillon Mine during the quarter produced
approximately 284,000 tonnes, of which 152,000 tonnes was sold for aggregate
sales revenue of C$11.3 million.

The Dillon Mine produces ultra low-volatile PCI coal. The Dillon product is
mined and crushed and requires no washing prior to shipment. The Company has
made application to the BC Government to amend its annual production limit from
240,000 tonnes per calendar year to a monthly rate of 80,000 tonnes and a
decision is expected shortly.

During the quarter, the Company submitted the Brule Project Description report
to the BC Environmental Assessment Office. The application for the Environmental
Assessment (EA) Certificate is expected to be submitted by the third quarter of
2005. Should this certificate be granted, the Company envisages production of
PCI increasing to an annual rate of 2.0 million tonnes per year by 2009.

Reflecting the strong demand for ultra low-volatile PCI and the premium quality
of WCCC's product, the Company was successful in negotiating prices of in excess
of US$100 per tonne for the year commencing April 1, 2005, an increase of US$40
per tonne over the fourth quarter's prices. Cash flow generated from these sales
will be directed toward the development of Wolverine.

Customer response to the trial shipments has been positive and WCCC confirmed
POSCO's intention to proceed in finalizing one of two long-term purchase and
sale agreements for the supply of approximately 2.8 million tonnes of ultra
low-volatile PCI coal over six years. Coal prices under the agreement would be
negotiated annually prior to the start of each contract year. Trial PCI
shipments are continuing to several other important steel mills around the
world.

The Wolverine Group:

The Wolverine Group of properties covers the Perry Creek, EB and Hermann
deposits and is located 23 km west of Tumbler Ridge, BC. In January, the Company
received its EA certificate from the BC Government enabling the development of
this group of properties to proceed. The EA Certificate covers production of 1.6
million tonnes of clean metallurgical coal per annum over a projected 11-year
period. Subsequent to quarter end, the Company received its BC Government Mines
Act permit for Wolverine and immediately began construction of the C$180
million, 2.4 million tonne per year, coal preparation plant, rail load-out and
related facilities. In May 2005, application was made to amend the permit to
allow the Company to increase the Wolverine annual coal production from 1.6
million tonnes to 2.4 million tonnes.

Production from Wolverine will be hard coking coal, the international price for
which in the current financial year has been settled at around US$120 per tonne.

Drilling of the Hermann deposit will be carried out in the current year with a
view to bringing on this mining production to supplement that of Perry Creek and
enabling the Company to achieve its objective of producing 3 million tonnes of
metallurgical coal per annum at Wolverine, and 5 million tonnes company-wide by
2009.

WCCC and NEMI Joint Venture:

In March 2005, WCCC and NEMI Northern Energy and Mining Inc. ('NEMI') completed
the documentation to formalize the Belcourt Saxon Coal Limited Partnership. The
50-50 joint venture was formed to further explore and develop the Saxon and
Belcourt coal properties, also located in northeastern British Columbia. The
companies have committed a combined C$20 million to advance the properties to
feasibility. WCCC considers the Belcourt Saxon joint venture as a vehicle
through which it will continue to expand its production beyond 5 million tonnes
per annum. Initial studies center on determining the economics for the
development of a series of large scale mines. The pre-feasibility study is
expected to be complete by the third quarter of 2006.

Financial Summary - unaudited:

(In thousands of Canadian dollars, except per March 31, 2004
share data) March 31, 2005 (As restated)
--------------------------- ------------- -------------
Cash $ 115,186 $ 97
Other current 7,041 151
Inventory 8,831 -
Total Assets 149,802 2,042

Current liabilities 11,682 1,584
Long-term
liabilities 966 -
Shareholders' equity 137,154 144
------------- -------------

Three months Twelve Months
ending March ended
31, 2005
March 31, 2005
------------- -------------
Revenue $ 11,347 $ 11,347
Cost of goods sold 10,309 10,772
Operating profit 1,038 575
Other expenses 4,388 11,547
Net loss (3,350) (10,972)

Loss per share,
basic and fully
diluted $ (0.05) $ (0.22)
------------- -------------

Included in the above balances and results are the Company's proportionate share
of its interest in and results from the Belcourt Saxon joint venture, as
follows:

(In thousands of Canadian dollars) March 31, 2005
--------------------------- -------------
Cash $ 4,829
Due from the Company 3,000
Due from NEMI 2,000
Total Assets 10,908

Current liabilities 56
Equity 10,852


Three months and year
ended March 31, 2005
-------------

Expenses $ (74)
-------------



News Release

This news release is prepared as at June 21, 2005 and should be read in
conjunction with the Company's 2004 Annual Report and the audited financial
statements and notes contained therein, as well as the interim unaudited
financial statement and MD&A's for the three, six and nine months ended June 30,
September 30, and December 31, 2004. This news release does not constitute
Management's Discussion and Analysis as contemplated by relevant securities
rules. Western Canadian Coal Corp.'s 2005 Annual Report and MD&A will be
released at a later date in conjunction with its audited financial statements
for the year ended March 31, 2005 and will be available on SEDAR at

www.sedar.com
.

Revenue

The fourth quarter of the fiscal year ended March 31, 2005 marked the
commencement of commercial sales for the Company with the first ship loading at
Ridley Terminals on January 13, 2005. The Company realized production of
approximately 284,000 tonnes and FOB sales of 152,000 tonnes for total revenues
of C$11.3 million. The average selling price realized on the four trial
shipments made during this period was C$74.66 or US $60.93 at an average foreign
exchange rate of 1.2253. Selling prices during the quarter reflect commitments
made by the Company prior to commercial production based on spot prices of PCI
coal.

Cost of goods sold

Cost of goods sold during the three months ended totaled C$10.3 million or
C$67.83 per tonne with cost of goods sold for the year ended March 31, 2005
being slightly higher at C$10.8 million or C$70.88 per tonne. Cost of goods sold
include cost of product, transportation and other, and depletion, amortization
and accretion charges as presented in the table below:

(In thousands of 4th quarter 2005 $/tonne Fiscal Year 2005 $/tonne
Canadian dollars)
-------------------- ---------- --------- ---------- ---------
Cost of
product $ 3,258 $ 21.44 $ 3,258 $ 21.44

Transportation
and other 6,140 40.40 6,140 40.40

Depletion,
amortization
and accretion 911 6.02 1,374 9.04

Total cost of
goods sold $ 10,309 $ 67.83 $ 10,772 $ 70.88
-------------------- ---------- ---------- ---------- ---------

Operating profit

Operating profit for the fourth quarter totaled C$1.0 million or 9.1% of fourth
quarter revenues and C$0.6 million or 5.0% of revenues for the year ended March
31, 2005.

Other expenses

Other expenses for the quarter and year ended March 31, 2005 amounted to C$4.4
million and C$11.5 million, respectively. Other expenses include general,
administration and selling costs, coal exploration expenses and other expenses/
(income) as presented in the table below:


(In thousands of Canadian dollars) 4th quarter Fiscal Year
2005 2005
-------------------------------- ------------- -------------

General,
administration
and selling $ 2,421 $ 6,703

Coal exploration (see change in
accounting policy below) 2,148 5,242

Other expense
(income) (181) (398)

Total other expenses $ 4,388 $ 11,547

--------------------------- ------------- -------------

General, administration and selling costs include non-cash charges for
stock-based compensation expense of C$0.6 million and C$1.9 million for the
quarter and year ended March 31, 2005, respectively.


Change in accounting policy

Accounting for exploration costs within the mining industry in Canada varies.
Junior mining companies generally capitalize all exploration costs, while more
mature companies typically expense such costs as incurred. With the commencement
of commercial production at Dillon on December 1, 2004, the Company transitioned
from a development stage company into a producing mining company. Accordingly,
the Company changed its accounting policy on exploration costs to that more
commonly used by operating mining companies, effective April 1, 2004, and
applied the new policy retroactively.

Exploration costs are charged to earnings in the period in which they are
incurred, except where these costs relate to specific properties for which
economically recoverable reserves have been established, in which case they are
capitalized. Upon commencement of commercial production, these capitalized costs
are charged to operations on a unit of production method based upon the proven
and probable coal reserves to which they relate. If the coal properties are
abandoned or otherwise impaired, the related capitalized costs are charged to
operations in the period in which the property becomes impaired or is abandoned.

Net loss

Net loss for the quarter and year ended March 31, 2005 was C$3.4 million and
C$11.0 million, respectively. The losses reflect operating profits of C$1.0
million and C$0.6 million for the quarter and year ended March 31, 2005,
respectively, offset by other expense of $4.4 million and $11.5 million,
respectively, as described above.

Forward-Looking Information

This release may contain forward-looking statements that may involve risks and
uncertainties. Such statements relate to the Company's expectations, intentions,
plans and beliefs. As a result, actual future events or results could differ
materially from those suggested by the forward-looking statements. Readers are
referred to the documents filed by the Company on SEDAR. Such risk factors
include, but are not limited to, changes in commodity prices; strengths of
various economies; the effects of competition and pricing pressures; the
oversupply of, or lack of demand for, the Company's products; currency and
interest rate fluctuations; various events which could disrupt operations; the
Company's ability to obtain additional funding on favourable terms, if at all;
and the Company's ability to anticipate and manage the foregoing factors and
risks. Additionally, statements related to the quantity or magnitude of coal
deposits are deemed to be forward-looking statements. The reliability of such
information is affected by, among other things, uncertainties involving geology
of coal deposits; uncertainties of estimates of their size or composition;
uncertainties of projections related to costs of production; the possibilities
in delays in mining activities; changes in plans with respect to exploration,
development projects or capital expenditures; and various other risks including
those related to health, safety and environmental matters.

WESTERN CANADIAN COAL CORP.

'Gary K. Livingstone'

President and Chief Executive Officer

For further information please contact:

Gary K. Livingstone, President & CEO or Fausto Taddei, CFO & Corporate Secretary,
Western Canadian Coal Corp., 900 - 580 Hornby Street, Vancouver, B.C. V6C 3B6
Phone 604-608-2692
Fax 604-629-0075
Email
info@westerncoal.com,

www.westerncoal.com



This information is provided by RNS
The company news service from the London Stock Exchange

Flying high in Canada as of 15:08PM Canadian time

Symbol Price $ Chng % Chng Volume Exchange*
WTN 3.850 +0.280 +7.84 959,270 T
WTN.WT 0.360 -0.040 -10.00 5,000 T

Hi WTN'ers

Guess the RNS was a good one as WTN in Canada finished at a high

Symbol Price $ Chng % Chng Volume
WTN 4.000 +0.430 +12.04 1,316,530 T
WTN.WT 0.400 +0.000 +0.00 27,100 T
WTN.WT 0.400 +0.000 +0.00 27,100 T

** had reached $4.09 earlier (approx. 15% rise) but profit taking took place. 12% increase is still very respectable

I know where my money will be going tomorrow :D As always DYOR....


Cheers,


CrazyDBA

Hi WTN'ers,

Surprise to see a large rise in WTN in UK on small trading activity:

Symbol Last Trade Change Volume
WTN.L 14:44 188.00 p +21.00 +12.57% 2,200

In addition, WTN finished higher overnight in Canada:

Symbol Price $ Chng % Chng Volume Exchange*
WTN 4.120 +0.120 +3.00 348,060 T
WTN.WT 0.450 +0.050 +12.50 12,900 T
WTN.WT 0.450 +0.050 +12.50 12,900 T

Let's see what tomorrow brings us dedicated followers...

Keep the faith and enjoy the ride back up to 2 and beyond.

Cheers,


OracleDBA2004

Forgot to add the following regarding trading activity for WTN:

Candlestick Analysis
Todays Candlestick Patterns:

White Marubozu
Bullish Kicking

Today a White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade.

For more about this candlestick click here.

The last two candlesticks formed a Bullish Kicking Pattern . This is a bullish reversal pattern that marks a potential change in trend. Though it is highly reliable confirmation is still recommended.

As always DYOR....

Morning WTN'ers,

Good to see this gem currently up though a quick and sly move from the MM's

Symbol Last Trade Change Volume
WTN.L 9:28 192.00 p +4.00 +2.13% 600

As for the individual trades:
Time Price Quantity Type Bid Offer Buy/Sell Total Buy Total Sell Total Unknown
23/06/05 09:51 185.0 5,000 O 185.0 192.0 Sell 600 5,000 0
23/06/05 09:28 192.0 600 O 185.0 192.0 Buy 600 0

Watch this fly back to the 2 barrier....hopefully by COB


Cheers,


CrazyDBA

Here she goes again in Canada as of 10:03AM canada time

Symbol Price $ Chng % Chng Volume Exchange*
WTN 4.220 +0.100 +2.43 33,295 T
WTN.WT 0.430 -0.020 -4.44 4,000 T
WTN.WT 0.430 -0.020 -4.44 4,000 T

Morning all,

WTN currently down in UK:

Symbol Last Trade Change Volume
WTN.L 8:01 188.00 p -5.00 -2.59% 2,000 ---> represent a buy

Hope to see an gradual rise over the week, perhaps 2?

Cheers,


OracleDBA2004

Fellow investors and traders,

WTN kicked off higher as we speak....

Symbol Price $ Chng % Chng Volume Exchange*
WTN 3.850 +0.140 +3.77 12,500 T
WTN.WT 0.220 +0.000 +0.00 0 T
WTN.WT 0.220 +0.000 +0.00 0 T

....worth having a punt having been driven to lower levels over the past few weeks due to weakness in sector and lack of news.

Cheers,

OracleDBA2004

Afternoon WTN'ers,

Suddenly seeing some life in WTN as follows:

Time Price Quantity Type Bid Offer Buy/Sell Total Buy Total Sell Total Unknown
20/07/05 15:15 193.0 5,290 O 185.0 193.0 Buy 8,307 0 0
20/07/05 15:04 192.0 2,500 O 185.0 193.0 Buy 3,017 0 0
20/07/05 10:39 190.0 517 O 180.0 193.0 Buy 517 0

....as with CBM, WTN has started to make some ground but still underestimated in my opinion as this has shown to move to the 3 barrier previously.

Guess what......also currently flying high in Canada:

Symbol Price $ Chng % Chng Volume Exchange*
WTN 4.070 +0.160 +4.09 21,585 T
WTN.WT 0.270 +0.000 +0.00 0 T
WTN.WT 0.270 +0.000 +0.00 0 T

Worth a punt but as always DYOR....

Cheers,


OracleDBA2004

Morning peeps,

Good to see WTN finished higher overnight in Canada:

Symbol Price $ Chng % Chng Volume Exchange*
WTN 4.250 +0.340 +8.70 543,335 T
WTN.WT 0.270 +0.000 +0.00 0 T
WTN.WT 0.270 +0.000 +0.00 0 T

Here is the trade activity since July 1st 2005:

Date Close High Low Volume
Jul 20 4.250 4.340 3.950 543,300
Jul 19 3.910 3.910 3.710 679,300
Jul 18 3.700 3.800 3.650 219,300
Jul 15 3.850 3.900 3.800 46,800
Jul 14 3.870 3.890 3.850 54,800
Jul 13 3.850 3.900 3.790 172,300
Jul 12 3.800 3.880 3.800 101,300
Jul 11 3.800 3.950 3.800 87,900
Jul 08 3.850 3.920 3.820 73,200
Jul 07 3.710 3.830 3.700 146,500
Jul 06 3.870 3.990 3.870 44,100
Jul 05 3.940 3.970 3.810 36,500
Jul 04 3.770 3.800 3.700 51,900
Jul 01 3.670 3.670 3.670 0

** you can see that 18, 19 and 20th July volume of trades are above normal. Perhaps it's the turn of the tide for WTN?
Always DYOR...I hold...until near enough 3

Regards,


OracleDBA2004

Nearly up 2% in UK. Never late to take a plunge but always DYOR...

Up 3.45% in Canada and the following link would be of interest as referring WTN as 'strong buy'

http://finance.yahoo.com/q/ao?s=WTN.TO

....won't be long before the news is digested by MM's in London. Come on, make a move.....up up up WTN

Currently up 4.3% in Canada...

WESTERN CANADIAN COAL CORP (Toronto:WTN.TO) Delayed quote data

Last Trade: 4.54
Trade Time: 10:19AM ET
Change: 0.19 (4.37%)
Prev Close: 4.35
Open: 4.38
Bid: 4.50
Ask: 4.54
1y Target Est: 8.26

Day's Range: 4.38 - 4.54
52wk Range: 1.38 - 6.88
Volume: 93,100
Avg Vol (3m): 174,885
Market Cap: N/A
P/E (ttm): N/A
EPS (ttm): 0.00
Div Yield (ttm): N/A (N/A)

Up 5.75% at the moment in Canada. When are the MM's in UK going to move the price

WTN flying high yesterday. Will it keep the momentum going...hope to see 2.50 GBP within sight shortly. Still worth a dab....

Still worth a dab at 2.20ish GBP as the recovery continues. It's medium-long term share. Not for the widows.

Excellent price to get into this gem of the year. As always DYOR and checkout www.westerncoal.com (newly designed website). Medium-to-long term and very stable growth.

are you crazy or a dba...? or do you have to be crazy to be a dba.. :)

fahud: You gotta be crazy to be a good dba ;-)

WTN going strong following profit taking and director selling. Should be a good'un. As always DYOR...

OracleDBA2004

Evening WTN'ers,

The momentum is starting to creep in. Great time to get into this next Asia Energy. As always, DYOR...

Cheers,


OracleDBA2004

Evening WTN'ers,

Good to see our gem finished higher for the day. The 25K trade buy at the end is interesting....

Cheers,


OracleDBA2004

Evening WTN'ers,

Indicators are changing and glad to say that this finished higher overnight in Canada:

Symbol Price $ Chng % Chng Volume Exchange*
WTN 3.350 +0.250 +8.06 477,905 T
WTN.WT 0.120 +0.000 +0.00 70,000 T
WTN.WT 0.120 +0.000 +0.00 70,000 T

*VN=TSX Venture Exchange, T=Toronto Stock Exchange

Glad to see this finished higher today in UK with 8.20%. Hope to see similar rise tomorrow....

Cheers,


OracleDBA2004

Is looking like a recovery. Will have a few tomorrow.

cheers GF.

Slightly down in Canada but not worth worrying as a sure long term money maker. As always DYOR....

Cheers,


OracleDBA2004

Excellent trading activities with high volume not seen for a while. This is supplemented with a 6% increase in canada. Expect the same tomorrow in the UK?

Excellent rise today in the UK. However, check the following out as finished higher than normal in Canada:

Symbol Price $ Chng % Chng Volume Exchange*
WTN 3.680 +0.530 +16.83 341,137 T
WTN.WT 0.065 +0.005 +8.33 30,000 T
WTN.WT 0.065 +0.005 +8.33 30,000 T

*VN=TSX Venture Exchange, T=Toronto Stock Exchange

Must be a good'un coming up

Cheers,


OracleDBA2004

PS. Still represents excellent value as there is plenty potential with this gem

Nudging higher and higher. Can't believe how scanky the MM's are. Risen 18% in Canada and only 6% increase in UK. Something must give way....

thanks snobal....u interested in wtn? perhaps there is something that I don't know ;-)

Afternoon all,

Feel the need to bring this to the top of the board as risen over 5% with plenty of buys. Feel there's more to go with this one and certainly represents good value judging by the potential of this gem. Perhaps an RNS to explain of the today's activities?

Cheers,


OracleDBA2004

Evening WTN'ers,

Currently flying high in Canada:

Symbol Price $ Chng % Chng Volume Exchange*
WTN 3.790 +0.200 +5.57 2,156,321 T
WTN.WT 0.065 +0.010 +18.18 50,000 T
WTN.WT 0.065 +0.010 +18.18 50,000 T

*VN=TSX Venture Exchange, T=Toronto Stock Exchange

As suspected, here is the recent RNS:

Western Canadian Coal Corp
06 January 2006


Western Canadian Coal Corp. ('the Company')

Additional Listing

The Company announces that application has been made for 188,300 common shares
in the Company to be admitted to trading on the AIM Market of London Stock
Exchange plc. The shares are being issued pursuant to the exercise of warrants.
The new common shares will rank pari passu with the existing common shares in
the Company. Trading of these shares on AIM is expected to commence on 10
January 2006.

The total number of common shares in issue following these exercises is
83,980,306.

and there's another RNS as follows:

Western Canadian Coal Corp
06 January 2006


Western Canadian Coal Corp.

Schedule 8 - AIM block admission six monthly return

(a) Name of the company

Western Canadian Coal Corp.

(b) Name of the scheme(s)

Company Share Option Plan;
Broker warrants; and
February 2005 warrants

(c) Period of return (from/to)

1 July 2005 to 31 December 2005

(d) Number and class of securities not issued under the scheme

168,578 common shares of no par value under the Company's Share Option Plan and
100,000 common shares of no par value unexercised broker warrants
9,426,230 common shares of no par value unexercised February 2005 warrants

(e) Number of securities issued under the scheme during the period

690,766 common shares of no par value issued under the Company's Share Option
Plan

(f) Balance under the scheme of securities not yet issued at the end of the
period

168,578 common shares of no par value under the Company's Share Option Plan;
100,000 common shares of no par value unexercised broker warrants; and
9,426,230 common shares of no par value unexercised February 2005 warrants

(g) Number and class of securities originally admitted and the date of admission

1,819,000 common shares of no par value admitted on 31 December 2004 of which
1,335,000 were reserved for future exercises of options under the Company's
Share Option Plan and the remaining 484,000 shares were reserved for future
exercises of warrants held by the Company's brokers.

9,426,230 common shares of no par value admitted on 11 February 2005 reserved
for future exercises of warrants issued in connection with the placing in
February 2005.

(h) Contact name and telephone number

Fausto Taddei, telephone 604-608-2692




This information is provided by RNS
The company news service from the London Stock Exchange

Evening WTN'ers,

Plenty of blues today on the screen. Perhaps we see a lift off tomorrow?

As always DYOR....


Cheers,


OracleDBA2004

off to a flyer today. Next week should be a good'un...

Not long to go before this starts inching it's way up ;-)

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Press Release Source: Western Canadian Coal Corp.


Western Canadian Coal Announces Third Quarter 2006 Operating Results
Thursday February 9, 9:00 am ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 9, 2006) - Western Canadian Coal Corp. (TSX:WTN - News; AIM:WTN) ("WCCC" or the "Company") is pleased to announce its operating results for the three months ending December 31, 2005:
ADVERTISEMENT


Financial Summary (unaudited, in Canadian dollars unless otherwise indicated):

- Operating profit of $3.7 million for the quarter ending December 31, 2005 on sales of $9.9 million. Year-to-date operating profit of $19.3 million on sales of $48.5 million.

- Sales for the quarter were 82,979 tonnes of pulverized coal injection ("PCI") coal at an average price of $118.78 (US$101.73) per tonne. Cash costs for production were $70.95 per tonne compared to $72.11 in the prior quarter.

- Net loss for the quarter was $0.4 million compared to a net loss of $5.0 million for the same quarter in 2004. The current quarter's loss includes exploration expenses of $4.3 million, of which $3.9 million relates to WCCC's proportionate share of exploration expenses recorded by the Belcourt-Saxon Coal Limited Partnership.

- Cash used in operations for the quarter was $0.4 million before changes in non-cash working capital items compared to $3.9 million in the same quarter in 2004.

- As at December 31, 2005, the Company's working capital position was $46.3 million.

- Spending on capital equipment and project construction totaled $47.3 million and $80.5 million respectively for the three and nine month periods ending December 31, 2005.

Gary K. Livingstone, President & Chief Executive Officer of the Company will host a conference call and webcast to discuss the third quarter results on Friday, February 10, 2006 at 8:00am PST / 11:00am EST. The conference call can be accessed by calling 416-695-5261 or toll-free on 1-877-888-3855 prior to the scheduled start time. An archived recording of the call will be available for two weeks after the completion of the call by dialing 416-695-5275 or 1-888-509-0081.

A live and archived audio webcast of the conference call will also be available on the Company's website at www.westerncoal.com.

News Release

This news release is prepared as at February 9, 2006 and should be read in conjunction with the Company's 2005 Annual Report and the audited financial statements and notes contained therein. This news release does not constitute Management's Discussion and Analysis as contemplated by relevant securities rules. Western Canadian Coal Corp.'s Third Quarter Report and MD&A for the three months ending December 31, 2005 are filed on SEDAR and are available at www.sedar.com.


Financial Summary - unaudited:(In thousands of Canadian dollars, December 31, March 31,
except tonnes and per share data) 2005 2005
--------------------------------------------------------------------
Cash $ 35,077 $ 115,186
Other current 4,436 7,041
Inventory 22,272 8,831
Total Assets 176,134 149,802Current liabilities 15,445 11,682
Long-term liabilities 9,024 966
Shareholders' equity $ 151,665 $ 137,154
----------------------------------------------------------------------------------------------------------------------------------------
Three months Nine months
ending ending
December 31, December 31,
2005 2004 2005 2004
--------------------------------------------------------------------
Tonnes shipped 82,979 - 406,546 -Revenue $ 9,856 $ - $ 48,500 $ -
Cost of goods sold 6,160 - 29,239 -
Operating profit 3,696 - 19,261 -
Other expenses 5,008 4,979 14,802 7,622
Income tax recovery 929 - 4,936 -
Net income (loss) $ (383) $ (4,979) $ 9,395 $ (7,622)Earnings (loss) per share,
Basic $ (0.00) $ (0.11) $ 0.12 $ (0.18)
Earnings (loss) per share,
diluted $ (0.00) $ (0.11) $ 0.11 $ (0.18)
--------------------------------------------------------------------
Included in the above balances and results are the Company's proportionate share of its interest in and results from the Belcourt Saxon joint venture, as disclosed in note 3 to the interim unaudited financial statements for the nine months ended December 31, 2005.

Revenues

During the third quarter of fiscal 2006, the Company mined 145,917 tonnes of PCI coal from the Dillon mine located within the Burnt River property and realized FOB sales of 82,979 tonnes for total revenues of $9.9 million. The average selling price realized during the period was $118.78 or US$101.73 at an average foreign exchange rate of 1.1676. Lower shipments during the quarter were due to higher customer inventories during 2005 and seasonal reductions in crude steel production. Included in inventory at December 31, 2005 were 233,890 tonnes of PCI coal, of which more than 105,000 tonnes were shipped in January 2006.

Year to date the Company mined 508,159 tonnes and realized FOB sales of 406,546 tonnes for total revenues of $48.5 million. The average selling price per tonne realized for the nine month period was $119.30 or US$98.17 at an average foreign exchange rate of 1.2152.

Cost of goods sold

Cost of goods sold during the three months ended December 31, 2005 totaled $6.2 million or $74.24 per tonne compared to cost of goods sold during the three months ended September 30, 2005 of $11.5 million or $74.00 per tonne. Cost of goods sold includes cost of production, transportation, and depletion, amortization and accretion charges as presented in the table below:


(In thousands of 3rd quarter 2nd quarter
Canadian dollars) 2006 $/tonne 2006 $/tonne
--------------------------------------------------------------------Cost of production $ 2,963 $ 35.71 $ 5,706 $ 36.61
Transportation and
other 2,924 35.24 5,534 35.50
Depletion, amortization
and accretion 273 3.29 294 1.89Total cost of goods
sold $ 6,160 $ 74.24 $ 11,534 $ 74.00
--------------------------------------------------------------------
While the per-tonne cost of goods sold during the third quarter was $0.24 higher than the previous quarter the cash costs per tonne declined by $1.16. Mining operations during both quarters were adversely affected by an undefined fault in the southern end of the Dillon syncline resulting in a decrease in coal reserves of approximately 188,000 tonnes. This decrease in reserves coupled with the concurrent increase in waste resulted in an overall increase in cash mining costs of approximately $14/ tonne as compared to the first quarter of fiscal 2006.

Transportation and other costs include the coal haul from the Dillon Mine to the rail load-out, rail costs including surcharges, fuel allocations, port charges and various surveying and agent fees incurred in loading vessels. For the quarter ended December 31, 2005, total transportation related costs were $2.9 million or $35.24/tonne and were consistent with the unit cost of the prior quarter.

Operating profit

The operating profit for the third quarter of 2006 was $3.7 million. This represented 37.5% of third quarter revenues and compares to an operating margin in the prior quarter of 39.7% of sales. The decrease in operating margin is directly attributable to the change in the exchange rate between the US dollar and Canadian dollar. Year-to-date operating profit is $19.3 million or 39.7% of revenues for the nine months.

Other expenses

Other expenses for the quarter ending December 31, 2005 were $5.0 million and include the following:


--------------------------------------------------------------------
(In thousands of Canadian dollars) Three months Nine months
ending ending
December 31, December 31,
2005 2004 2005 2004
--------------------------------------------------------------------
General, administration
and selling $ 2,612 $ 2,259 $ 9,517 $ 4,746
Coal exploration 4,326 2,899 8,889 3,094
Interest expense 11 - 19 -
Other income (1,941) (179) (3,623) (218)
--------------------------------------------------------------------
Total other expenses $ 5,008 $ 4,979 $ 14,802 $ 7,622
--------------------------------------------------------------------
Included in general, administration and selling costs are non-cash stock-based compensation charges of $0.5 million in each of the quarters ended December 31, 2005 and 2004. Also included in general, administration and selling costs are salaries, benefits, and other remuneration, which increased from $455,000 to $982,000, and professional and other consulting costs that increased from $236,000 to $447,000.

Coal exploration expenditures for the three months ended December 31, 2005 increased to $4.3 million from $2.9 million in 2004. Exploration expenditures for the quarter include the Company's proportionate share of expenses recorded by the Belcourt-Saxon Coal Limited Partnership (the "Belcourt-Saxon Partnership") of $3.9 million (2004 - nil), and relate to properties on which the capitalization criteria have not been met.

Net income

The Company recorded a net loss of $0.4 million for the quarter ended December 31, 2005 compared to $5.0 million in the same period last year. Net income year to date was $9.4 million compared to net loss of $7.6 million in the same period last year. Net loss for the three months ended December 31, 2005 includes the Company's proportionate share of exploration expenses attributable to the Belcourt-Saxon Partnership in the amount of $3.9 million. Net income for the nine months ended December 31, 2005 includes exploration expenses attributable to the Belcourt-Saxon Partnership in the amount of $6.5 million.

Outlook

The Company is constructing a coal preparation plant at Wolverine to handle 3.0 million tonnes of hard coking coal per annum. Initial throughput is expected to commence in July 2006 at the rate of 2.4 million tonnes per annum. Earlier this year, the Company applied to the BC government for an increase in the allowable production at Wolverine from 1.6 million tonnes to 2.4 million tonnes per annum. A decision is expected this quarter. Total capital costs on the Wolverine Project are estimated to be $242 million, including pre-production stripping costs and contingencies but excluding mining equipment. The capital cost of the project is still on budget despite the recent increase in steel and other construction costs and the construction completion date remains on schedule for July 2006. Based on the recent feasibility study, the total value of mining equipment necessary to conduct the mining and stripping operations at Wolverine is approximately $83 million, the majority of which the Company plans to lease and ultimately own.

Cash on hand and cash flow from operations are not anticipated to be sufficient to fund the entire construction costs associated with the Wolverine project. As a result, the Company is seeking additional financing. The Company is continuing to work with its financial advisor in connection with the arrangement of debt financing for the Wolverine project and expects that the project financing will be completed by late March or early April 2006. As a bridge facility to the completion of the project financing, the Company is arranging a loan from its major shareholder, Cambrian Mining Plc, of up to $30 million. In the event that additional funds are not raised as and when required, until such time as funds are made available, the Company may be required to complete further equity financings or seek alternate funding sources to fund part of the Wolverine capital costs.

The mining contractor for the Wolverine project has been selected and pre-stripping is now underway based on a letter of intent negotiated between the parties. The mining contractor and the Company are now finalizing an agreement that will provide contract mining services for a four year term, following which the Company will assume the mining operations. The open-pit mines will be operated and managed by the contractor and the Company will provide overall management and engineering and will operate the coal preparation plant.

During the quarter ended December 2005, the Company announced a 70% increase in reserves of clean coal product for its Wolverine Mine over a previous Technical Report prepared in 2003. The updated reserves for the Perry Creek and EB open pits are 27.7 million tonnes of low ash (less than 8%) high quality hard coking coal. Based on the feasibility study completed, the Company expects an average cash cost during operations of US$53/t in 2005 dollar terms and using the current exchange rate. Pricing for this quality of coal for the current coal year exceeded US $120 per tonne.

Elsewhere on the Wolverine properties, definition drilling has been completed on the Hermann North deposit and geological modeling is now underway. The Hermann North deposit currently has a Measured Resource of 7 million tonnes of coal and an Indicated Resource of 36.2 million tonnes of coal, as reported in a Technical Report filed in August 2001. The recently completed drilling program was designed to increase the confidence of the resource estimate for the property and provide a basis for mine planning and design. Production from the Hermann North deposit would provide additional feed to the Wolverine coal preparation plant.

On completion of the construction for the Wolverine project based on the accelerated construction schedule, the Company expects to produce approximately 1.5 million tonnes of hard coking coal during its fiscal year ended March 31, 2007. This coal will be for sale into the growing seaborne metallurgical coal markets. It is the Company's intent to increase production, following the start of production, from 2.4 million tonnes to 3.0 million tonnes per year from the Wolverine group of properties within 24 months. This increase will come from the inclusion of production from future mining activities at the nearby Hermann North deposit and the Perry Creek underground resource.

A significant factor in the outlook for the Company is the price of metallurgical coal that is influenced by numerous factors beyond the Company's control. The global demand for hard coking coal continues to rise, as crude steel production expands in pace with buoyant economic growth, particularly in China, India and other developing countries. The global supply of hard coking coal has been slow to adjust to increased demand, with a scarcity of higher quality greenfield metallurgical coal properties available for economic development, hampered further by a shortage of large-scale mining equipment. Additionally, rail and port capacity limitations are expected to continue well into 2007. Early settlements for hard coking coal prices for the 2006/2007 coal year are being reported between US$105 to US$115 per tonne. As a result of these strong fundamentals, dominant hard coking coal exporting countries such as Australia and Canada are well positioned to meet the long term demand for metallurgical coals. The Company is also undertaking to secure long-term coal supply agreements with various international steel mills for its Wolverine hard coking coal.

The supply-demand balance for low volatile PCI coal as well as semi-soft coal and thermal coal have been more unpredictable, with the short-term supply surplus influencing prices. Excessive ordering of PCI and semi-soft coals in 2005, in tandem with a seasonal reduction in crude steel production has resulted in inventories of these coals building at customer facilities. Additionally, the price of thermal coal had reached a low for the year at the same time PCI/semi-soft coal inventories peaked. This has led to an over correction in pricing for low volatile PCI and semi-soft coals, with the bulk of settlements for the 2006/2007 coal year now being reported in the mid to high US$60's per tonne range and the latter in the mid US$50's per tonne. The high PCI inventory levels at customer facilities have led to a rescheduling of shipments affecting most coal producers, with the shipment of some 2005/2006 priced coals being deferred until the first quarter of the next coal year. Accordingly, the Company anticipates that approximately 90,000 tonnes of coal scheduled for delivery in this fiscal year will be delivered in the first quarter of the next fiscal year, and that its ultra-low PCI coal shipments for the current fiscal year will be between 625,000 to 675,000 tonnes.

Longer term, the Company believes that the market fundamentals for high quality low volatile PCI coals such as the Burnt River PCI will be sustained and the gap between low volatile PCI coals and premium hard coking coal will narrow. More mills such as those in South Korea and in Europe are increasing the ratio of PCI coals, which should improve demand and lead to prices more reflective of their value in reducing steel making input costs, than their relationship with lower quality coals.

Overall, given the forecasts for continued economic growth and steel demand in Asia, India and throughout the world, the Company anticipates the global steel industry to continue to be strong and that markets for metallurgical coal will stay robust.

Forward-Looking Information

This release may contain forward-looking statements that may involve risks and uncertainties. Such statements relate to the Company's expectations, intentions, plans and beliefs. As a result, actual future events or results could differ materially from those suggested by the forward-looking statements. Readers are referred to the documents filed by the Company on SEDAR. Such risk factors include, but are not limited to changes in commodity prices; strengths of various economies; the effects of competition and pricing pressures; the oversupply of, or lack of demand for, the Company's products; currency and interest rate fluctuations; various events which could disrupt operations; the Company's ability to obtain additional funding on favourable terms, if at all; and the Company's ability to anticipate and manage the foregoing factors and risks. Additionally, statements related to the quantity or magnitude of coal deposits are deemed to be forward-looking statements. The reliability of such information is affected by, among other things, uncertainties involving geology of coal deposits; uncertainties of estimates of their size or composition; uncertainties of projections related to costs of production; the possibilities in delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those related to health, safety and environmental matters.

WESTERN CANADIAN COAL CORP.

Gary K. Livingstone, President and Chief Executive Officer



Contact:
Gary K. Livingstone
Western Canadian Coal Corp.
President & CEO
(604) 608-2692

Fausto Taddei
Western Canadian Coal Corp.
CFO & Corporate Secretary
(604) 608-2692
(604) 629-0075 (FAX)
info@westerncoal.com
www.westerncoal.com


--------------------------------------------------------------------------------
Source: Western Canadian Coal Corp.

Has fallen quite considerably over the last few sessions. Is worth keeping an eye out for a rebound ;-)

Time for a rebound? Fair amount of activity today. Certainly looks dead cheap ;-)

Finished stronger overnight in Canada...

Symbol Price $ Chng % Chng Volume Exchange*
WTN 3.360 +0.230 +7.35 166,805 T

*VN=TSX Venture Exchange, T=Toronto Stock Exchange


Should be a good session tomorrow. Do get in there early and take profits where possible ;-)

WTN looking to rebound. Currently 5+% up in Canada. Will be interesting to see where this finishes as miners share are generally up for the day.

Recent RNS.....

Western Canadian Coal in 109 mln cad convertible debenture financing
AFX


LONDON (AFX) - Western Canadian Coal Corp said it is raise 109 mln cad in an issue of 7.5 pct subordinated convertible debentures.

The underwriters also have the option to sell an additional 16 mln cad in debentures to cover over-allotments exercisable for a period of 30 days after the closing of the offering.

As part of the offering, the company's major shareholder, Cambrian Mining PLC has agreed to subscribe for 40 mln cad principal amount of debentures. Following the offering Cambrian will hold debentures which upon conversion would amount to 10 million shares, taking its overall shareholding in the company to 38.9 pct.

The company said proceeds of the offering will be used to repay principal and interest due under the bridge financing facility provided by Cambrian on Feb 15 2006 of which 20 mln cad is currently outstanding. It will also use proceeds to fund additional infrastructure, plant and equipment costs associated with the company's Wolverine coal mine project in northeast British Columbia and for general corporate purposes including working capital.





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WTN looking way too cheap now. It's cheap as chips as some will say.

WTN has drifted over the last 4 months, does anyone have any evidence to suggest this is undervalued? I purchased this off the back of a strong rating from the Investors Chronicle??