New World Resources has had a flying start since it floated recently. The core business is hard coal mining and coke production in the Czech Republic. The company produced coking coal and stema coal - coking coal being the raw material for steel production. Steam coal sold to utilities for electricity.

Looks set for big gains in my opinion and expect to see FTSE100 inclusion before too long.

Results tomorrow.





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Can anyone enlighten me how long after an IPO before a company can be up for FTSE100 inclusion ?- because clearly this one will go in at some point.

NWR may be looking to increase coking coal prices as much as 40% in 2009 to match int'l markets.

Morgan Stanley starts coverage with overweight rec and target price 2300p.

"We think NWR is strongly placed to benefit from investor interest in this sector with very few ways to gain exposure to the coking coal market and even fewer ways to play coke prices"

Cazenove now rating outperform.

Nice gains of 5% in early trading...

Poland to award NWR coal licence this month. Looking very good now for further gains.

Soon be testing the highs here. I'd have thought 20 before too long with all the good news coming out and rising demand for energy.

Another strong day and with Poland likely to award NWR the mining contract for Debiensko in southern Poland by the end of the month, this should add significantly to its assets. Almost looks like a done deal with yesterday's statement.

Testing the highs already.

Unicredit rate NWR a new buy, target CZK 656 (@approx 30.2 = 2170p)

New buy rating from Merrill today, target 2360p. So another strong day in the offing?

Very nice gains today, up a quid at the moment, new highs.

Bucking the trend here, touching 20. A bullish broker report out of Czech Rep I believe.

The retracement we've seen in the last few days looks like a short term blip to me. Poland has now officially granted its licences for Debiensko so with demand for coking coal (for steel production) continually increasing this looks like a damn good medium term stock to hold in the ISA to me.

Morgan Stanley has overweight rec, target 23.

Goldman rates new buy - not sure of target price yet.

Goldman's target is 2470p, highest so far and very credible source.