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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I expect Q1 results tomorrow to be very good, prob why we're seeing these moves. Or the tracker funds are already buying, knowing they'll have to before too long anyway.

Lots of Buying .just 200 is that you MONEYPLUS ?

not yet!

bit of a buying scramble before the closing bell....

Looks like some large institutions buying in I would guess??

Great results:

Highlights


CONSOLIDATED REVENUES UP 64% TO EUR 524 MILLION (Q1 2007: EUR 320 MILLION)

EXTERNAL SALES VOLUMES INCREASED BY 8% TO 3.1 MILLION TONNES OF COAL AND 0.3 MILLION TONNES OF COKE

EBITDA INCREASED BY 130% TO EUR 212 MILLION (Q1 2007: EUR 92 MILLION), SIGNIFICANTLY INCREASING THE EBITDA MARGIN TO 40% (Q1 2007: 29%)

PROFIT FOR THE PERIOD UP BY MORE THAN 300% TO EUR 118 MILLION (Q1 2007: EUR 27 MILLION)

TOTAL AVERAGE NUMBER OF OWN EMPLOYEES DECREASED BY 6% COMPARED TO Q1 2007

ADJUSTED EARNINGS PER A SHARE REACHED EUR 0.44 (Q1 2007: EUR 0.10)

COAL AND MOST OF THE COKE PRICE NEGOTIATIONS CONCLUDED FOR THE YEAR 2008 AT ALL TIME HIGH CONTRACTED PRICES

POP 2010 INVESTMENT PROGRAMME ON TRACK

DEBIENSKO PROJECT MAKING GOOD PROGRESS. MINE LICENCE APPLICATION FILED WITH LOCAL POLISH AUTHORITIES

Atlantik FT saying skyrocketing coal prices to boost value to NWR.

New buy rating in Czech Rep. target 600, so that's about 19.50. Also rising in Prague trading so we should be heading higher here any minute!!

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.