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(Good day fellow friends, shareholders of New World Resources. Wow lucky us another good week for coking coal. We NWR share holders can continue to be a little more happy too. Some of the lastest and good and lucky news, and is my opinion . So please look at links below.
https://postimg.org/image/5telf7nrp/ * Coking coal on thursday 29th September 2016 traded at $210 US dollars a tonne twice in one day. Offers for coking coal at upto $230 us dollars a tonne.
https://postimg.org/image/60wcsqb1f/ * 30 Sep 2016 Friday Rotterdam thermal 6000kcal coal traded at $70.75 not including port, handling and transport fee's.
https://postimg.org/image/44d1fca7z/ * Saturday 1st Oct 2016 China 5500kcal thermal coal trading at 89.69 Us dollars a tonne.
https://postimg.org/image/nx2lcznrf/ * Friday 30th Sep 2016 Aus Coking coal $213.20 us dollars on Steel index.
https://postimg.org/image/ngpqqjlbt/ * NWR mandatory convertible notes 2020
https://postimg.org/image/6f3vw4vs1/ * NWR debt $150 Million Unsecured bonds become convertible notes. In 2020 "Mandatory" they will automatically convert to a 30% share holding of NWR 6,600,000,000. So the NWR unsercured bonds ( Convertible notes) will become shareholders and will get a total around 1,980,000,000 shares.
Paskov mines, medium volatile coking coal and cash cost around $100 euros a tonne. Starting now my best guess for Paskov contacts for Q4 Quarter 2016 which is now, October, November, December NWR coking coal contract will settle around 170- 190 Euro dollars a tonne. And my guess would be 65-70 Euro dollars a tonne for NWR thermal power station coal. This is assuming my best guess that most likely quarterly coal contacts are being used for all of New World Resources coal sold.
The bankruptcy petition could have been avoided if management sold the coal stock pile it is now a proven fact. The Czech Goverment will want all the miners/employees to keep there jobs and I feel the same way.
The Czech Court in Ostrava, has said they will reorganize the debt of New World Resources. The company is now making massive profits. In the media, something about a debt reduction to 2.5% or 2.5% is recoverable? Unkown".
The debt issue is complex, but I agree with the Czech Goverment that they have been black mailed into giving money allegedly. But as a Share holder and I have personally put more of my own money in 2014 to keep this company going. My should I be punished for someone else's bad deeds, Mr Bakala.
A lot of New World Resources share holders who are normal hard working people like me. I wish you all good luck and I will keep on praying for this lucky coking coal and thermal coal rally to continue on higher and higher and for last a very long time.
Good luck to all us long suffering share holders of New World Resource and may we all be saved.
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