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.

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.