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.

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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slm



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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??