Oh bugger

well done cyril....u r having some great picks.

any tips at present?

Scott why yes, i'm thinking of PRL and PURE,
PRL is investing in CDN and holds up to 15m shares and is raising funds at present to mounting a take over of GCM.
PURE is an interesting play which produces a sweetener and is natural, so great for diabetics and those interested in healthy diet and weight loss. Well worth checking out?
cyril

4th Q results brought forward, now to be released later today, holding a
conference on Thursday?
CBM have their 46% up for sale,maybe just maybe?
cyril

http://www.investegate.co.uk/Article.aspx?id=200806180700079539W
http://www.investegate.co.uk/Article.aspx?id=200806180700079542W
Looks likely a sale in the not to distant future?
imho
cyril

All time high on the TSX at $9.6 which works out at 481p, are Canadians sniffing
an offer?
cyril

Finshed at $10.6 on the TSX = 5.29p,just watch CBM and CLN go in the
morning.
cyril

Too bad I have to sell WTN at a loss...the trend is weakening.

Sorry to hear you had to sell, and to rub salt in your wounds, its up 6.4% to
3.59p. Its a bear market at this minute and takes a lot of nerve to hold, best wishes for the future.
cyril

http://www.investegate.co.uk/Article.aspx?id=200808140700062971B
Not quite as good as hoped for?
cyril

Well i'm back into theses today,and here's the reason why.
From yesterdays AGM all 100pc of production from this year has been sold at record prices.
So thats us sorted until April.
Then we have contracts for 100pc for a further 3 to 5 years it is just the price we need to agree.
What is the lowest price for coking coal in 2009 you can see happening.Some say 350 dpt others say 300dpt and the doom mongers say 250dpt.
Based on 5m tonnes in 2009 at 250dpt and costs of a high 120dpt THAT IS 650M DOLLARS PROFIT ON THE WORST SENARIO.
And its up for sale with several companies doing due diligence?
cyril

After dropping to 250p its recovered in Canada and finished up over 11% at 290p
cyril

WTN will go to 100p

Why?

The STRONG US dollar is a downfall for the miners, my friend.

That's OK then. It won't last long.

LR2 WTN's contracts are for 100% at above US$280 so the dollar strength actually increases its value, so you must give short change to such nonsense. With a projected 3.55m/tonnes output at a cost of(which is expected to reduce as the hard rock problem which has been one of the major causes of a high extraction rate is almost finished) US$120 leaves a very nice figure of "US$525M PROFIT", this year. It also has 50% of the Belcourt Saxon properties which are expected to add
quite a sizable sum to the bottom line.
Here i post a copy by a very astute investor on his account of the drop,

WTN's current SP and that of most commodity stocks is more a reflection of the overall world mood at the moment, rather than some indication of present intrinsic value or future expectation of a particular company.

Everything runs in cycles of relative hot and cold. There was a sea-change in the fundamental valuation of coal stocks earlier this year from the growing realisation of a new era in energy, which oil has spearheaded for some while and with coal eventually catching up. The belated change with coal has come in a much more condensed period and it takes time for everyone to adjust, so a degree of consolidation is expected before moving on and even welcome as a firmer base for the future. Stick traders into the equation and you have volatility from the push-pull effect of different agendas, with one group getting the upper hand for awhile and then the other, often during the same day!

The activity above has little relationship with the value placed on WTN by a potential suitor, which will depend upon their assessment of its worth to them over at least the next decade. The due diligence involved can be more time-consuming than the typical impatient trader or investor is ever able to cope with. The punters think only what is best for them personally and when the ducks don't line up as quickly as they want, they lose heart and become open to views that undermine their confidence.

Meanwhile, millions of dollars are now accumulating on WTN's bottom line from its existing lucrative contracts, half of which is earmarked for CBM, with evidence from reliable sources that future revenue will be of similar scale or better. Whatever happens to the world economy in the near period that might temporarily soften the demand for energy and commodities in general, there's no escaping the fact that a world population growing at the rate of a new Britain every year will never lose its need for basic resources.
At present the SP is recovering in Canada and is just 4.8% down.
cyril

At present WTN trading CDN$4.6 = 2.39p, exchange 52p.
cyril

Well done cyril (post 48)

You need to ignore idiots such as hlyeo. He is the same prat who'll be telling you that WTN is worth 20/share in a bull market.

I'm a trader not an investor but at least I don't come out with pointless comments.

ps I don't own

Cyril, thanks for your response. I've bumped into Hlyeo on other boards and wasn't intending to take any advice from him but was interested to see if he would give a reasoned reply. The one liner didn't cut it with me. I'm not yet a holder here but have recently picked up a few Cambrian shares so I have an interest in what is happening at WTN.

O/T I had an uncle named Cyril who played for Brentford & Spurs. Not the one connected with your board name however.

Well, I'm not bothered if you guys listen anyway. We will see where WTN goes. Time will only tell anyway.