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sector, are u there? decided to buy MML today after some short term trades on POG. =) so finally i'm aboard! been watching this since u tipped it, was attracted to the low cash costs. anyway, howzit goin? hope all is good.

not sure what happened in your case but erm...if you go to finance.google.co.uk and click on the 1y chart, you can see that NWR was priced around there per share.

hey mate...sorry been away. i reckon all share prices will be impacted for a while. but i'm hoping for a christmas rally. not sure how long NWR will stay this low but the coal market will be volatile for a while yet....possibly until Q1 or Q2 next year. i missed out on the low opening this morning but would have been a good entry point for a first batch of shares.

you mean you didn't buy back in? look at the charts mate - support was always going to be around 5 squids...and in this case, we bounced back at about 480p...

haha, me too mate....that's why i went looking for it. LOL....looking forward to the 16th november Q3 update.

a financial analysis as of 28th october 2011 :- http://markets.ft.com/research/Markets/Tearsheets/Forecasts?s=NWR:LSE "As of Oct 28, 2011, the consensus forecast amongst 20 polled investment analysts covering New World Resources PLC advises that the company will outperform the market."

been a disappointing day. at least there's only fifteen more days till 3rd quarter update where NWR appears to say they will provide details on how they are going to meet expectations. hurry up to the 16th.

still on the dole...nahhh...still working. =) between april to june i was caught up in the worst project i have ever worked on...which is when i started moving away from stocks. then i went to surf in phuket twice because the headlines wasn't good for the economy. then i got embroiled on some insider trading....ok, kidding. i mean, i got heavily involved in another project, but the busiest phase is over now...perfect timing to come back into shares! =) having said that, i'm off surfing tonight. if i don't drown or get eaten by a shark, i'll get to enjoy NWR profits when it hits 10 squids! how's u doing?

there she goes....the she goes again! NWR my baby. i also bought into LOND(again)....another company with great management. should check the history behind the BoD there... are you around squire?

take what i say with a pinch of salt, dyor, etc. (almost forgot the disclaimer!)

on the subject of sales, NWR said that pricing is based on a quarterly basis. obviously, management made this decision in anticipating volatility in the previous & coming months....which is a smart decision. you don't want to be trapped in a long term contract accidentally selling coal dirt cheap for the next one year, so short term pricing takes away that risk because the pain, if any, is only 3 months. then today, only 2 months away from year end, NWR reiterates that they are still on target to achieve the year's sales they set out to achieve :- "NWR reiterates its full year 2011 coal production and sales targets." "As previously announced NWR expects to sell 10.3Mt of coal externally...." source: http://www.investegate.co.uk/Article.aspx?id=201110270700389217Q they will provide more details in the coming update on 16th november. market consensus for FY 2011 was EUR1.06 which is equivalent to GBP0.93. current ask price is GBP5.61 so correct me if i am wrong but am i seeing this right? we have a DIRT CHEAP share here at a P/E of only 6 multiples of earnings with good cashflow and debt maturity almost 4 years away. if i am right, then we may be looking at a possible 10 quids a share by year end. ain't no way i'm selling this one....maybe i'll buy more tomorrow.

perhaps it was no permanent fix today but you and i know that the market will rally for the next few weeks, perhaps until next year. usually, it is a good time to buy shares in nov & december.....at least we have taken the uncertainty away for a bit....now most shares are going to be re-rated to a better P/E, hopefully NWR hits 12 multiples of earnings!

hey mate, been in and out POG, still got half my base holding in IQE although i recently bought the other half from 27p to 30p+, in and out a few others...but perhaps this time i will hang on a bit longer. as for IQE, things will turn for the better from Q1 onwards, i think...especially when they are going to annoucne christmas results. i also heard the solar sector is doing very badly so i don't think they are selling their solar epitaxials well....as for optoelectronics i think they are holding well! you doing ok in your shares? leas - thanks for the compliments mate but to be honest, almost any share is a winner today! haha....i just spotted NWR which i think was valued too low and i hope what we are seeing here is a re-rating. robwolves - no worries mate!

haha - nice that i'm not talking to myself! well mate...if u were checking in then you should've at least said hello. don't be a stranger! robwolves - you're welcome mate! just making a comeback lately as i've been hearing better news....been away since the summer. =) so what comes after thermal & coking coal? the whole sector is going to have a re-rate soon, i reckon. look out iron ore!

is there no one else here to share this joy with me?

my baby's doing me proud...she was always a late riser. =) woohoo! my next surfing holiday is paid for.

thank you greece. coking coal agreed at USD$240 for Q4 so go do your calculation, folks! =) won't be long before the outlook for miners improve.

management of NWR say they are still on target to meet expectations this financial year. how is this possible? the answer is in a prior 350m euro investment made in 2009 that became operational in 2010, called POP :- http://www.newworldresources.eu/nwrplc/annualreportandaccounts2009/business-review/driving-efficiency-and-investment-pop-2010/index.html Extract :- Q.What are the key benefits of POP 2010 going forward? A.After the completion of the programme, NWR will continue to produce the same volume of coal, but with five fewer longwall sets in operation. We expect this to further drive down the unit costs per tonne as volumes recover and NWR reverts to production at full capacity. This cost advantage will strengthen the Company’s competitive position versus its regional competitors. so this means the key to keeping in line with market expectations would be to maintain the same amount of targeted production which is 11m tonnes of coal and 800,000 tonnes of coke but at much lower cash cost due to 5 fewer longwall sets in operation. not sure if anybody's reading but good luck if u decide to invest in NWR. i've shared enough of my research. all the best.

BXR group have a 63.9% stake in new world resources so who are they? http://www.bxrgroup.com/selected-current-investments.php

you can google the name zdenek bakala, or just read the article below :- http://blogs.wsj.com/emergingeurope/2011/06/09/czech-tycoon-seeks-international-expansion-his-coal-firm-gets-ftse-listing/