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.





Powered by IST's

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.