West. Coal Share Price (WTN)

http://www.advfn.com/p.php?pid=nmona&article=43866195&symbol=LSE%3Awtn

Nice to see big buys today after the recent sell off.

any chance of me getting back in at £1.90? after buying in the 20s i took my profit way too early. if this turmoil continues for a few days i may get a second bite of the cherry

Well not having shares here at the moment though did make a quite good profit of about 40% a few weeks ago but wasn't a huge investment sadly not enough cash lol.Anyway,WTN I have had a lot in the past a few years ago and noticed then how it was capable of huge rises and falls.It used to get up above 600p in those days,then fall a lot.This is therefore one to be VERY careful with,though it IS a good company which will rise again.China still isn't sorted out though,it will depend on that.

Opportunity for an excellent entry point... Canada’s Western Coal eased back today after it reported an 81% drop in profit during the year to March as the recession caused the price of coal to tumble. Consolidated revenues dropped to C$438.6m from C$568.1m in 2009, leading to a slump in net income to C$40.8m from C$214.5m. Coal contract prices for fiscal 2010 fell to US$126 per tonne for hard coking coal and US$90 per tonne for ultra-low volatile PCI versus US$300 and US$248 respectively the previous year. Fourth quarter profit was down to C$11.2m from C$47.6m despite an increase in revenue to C$136.6m from C$111.7m as the economic recovery in Asia demanded more fuel. But president and chief executive Keith Calder says markets continue to be “robust”, with expected coal prices to be higher in the upcoming quarter.

is NCCL