Oh bugger

In The Times today:

Tiddler to watch

Western Canadian Coal, the AIM-listed miner, has put itself up for sale after announcing a strategic review to maximise shareholder value. The shares rose 7p to 63p, or 12.5 per cent, yesterday. The shares were trading as a high as 116.5p until a warning in November that the weak US dollar would cost it $50 million in full-year sales.

Also this mention:

Western Canadian Coal, the AIM-listed mining group, has launched a strategic review that could lead to a sale of the business. Some analysts believe that the company would be worth more than $1 billion (£492 million). (The Sunday Telegraph)

One of three purchases this am,and the only one to tread water,still this is more
medium term and a chance to join in the coal bonanza. They had an excellent RNS
and it tended to force my hand a little as i had a 130p order in, but ended in paying 141p. Still an awful lot of upside to this company and i feel very comfortable
with it.
cyril

Hitting all time high.
http://www.investegate.co.uk/Article.aspx?id=200803260701047518Q
cyril

http://www.investegate.co.uk/Article.aspx?id=200804010700342135R
cyril

Market responces positivelyto the latest update.
http://www.investegate.co.uk/Article.aspx?id=200804020700402826R

Now here's a gift horse imho?
$220-90 =C$130 is 65* 3.7m = 233m for a company with a M/Cap 0f just
170m.
Also CBM which has shares and options of 42% which is valued at 91m
dyor, but they look no brainers to me?
cyril

Up 15% on the day, yet little interest?
cyril

Over 2 now.
cyril

Up again this am, but look at CBM and the trades. Has stock and options up to
42% of WTN, real momentum with these 2 companies.
aimo
cyril

http://www.investegate.co.uk/Article.aspx?id=200804070701417213R
From CBM's RNS, WTN valued at 188p for 42%, by my calc's thats approx
4 and presently trading at a offer of 216p, CBM at 124.5p. Seems clear that these 2 companies have some way to go to reach a fair price?
aimo
cyril

These 2 companies have had an excellent day.
CBM up 36.8%, 42p to 156p.
WTN up 18.8% 39p to 246p.
Maybe more tomorrow, after profit taking?
cyril

With CBM valuing WTN at 188p this am for 42% of holding, then the 18.8%
rise takes that figure to 222p for their WTN holding alone. With the major miners
about to announce $300/ton then these figures will soon look silly,not sure how far
these will go, but imo still quite away?
cyril

http://www.theaustralian.news.com.au/story/0,25197,23500477-601,00.html
Could be very interesting am tomorrow?
cyril

Predictable SP, profit taking along with mm's perhaps trying shake a few out.With
the latest news on Coking Coal prices i can't see this staying at these levels?
aimo
cyril

Breaking out to new highs, kicking myself as i almost topped up on recent low.
As PP stated coal, coal and more coal (black gold).
cyril

Positive looking capital raising.
http://www.investegate.co.uk/Article.aspx?id=200804251400181530T
cyril

http://www.wealthdaily.com/articles/coal-prices-surge/1277
cyril

Up over 12% in Canada,at CN$4.68 = 2.33p
cyril

Up another 6%+ to CN$4.99 around 250P.
cyril