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(I am happy and a relieved a little now coking and thermal coal prices are increasing. I do pray and best of wishes to all us NWR share holders to be saved. And for all our coal prices to be lucky and continue this coal rally in prices.
25 August 2016 Coking coal spot premium coking coal rose 3.7% to $US127 a tonne (FOB, Australia) on Thursday . Using Bloomberg today on 27 Aug 127US = $113.41 Euro dollars
www.businessinsider.com.au/coking-coal-prices-are- ...
Also yesterday Friday the 26th Aug 2016 Coking coal trades took place at even higher prices.
https://www.metalbulletin.com/Article/3581480/HIGHLIGHTS-Coking-coal-price-surge-China-capacity-cuts-carbon-fibre-in-focus.html
27 August today Saturday Thermal coal/ 5500 Coal calorific value in China on 27 August 2016 priced at 76.68 US dollars a tonne.
I have personally written a few letters in the past to Radek at New World Resources. And I participated in past capital raising for new shares in NWR. And I have told Management in writing I that once again that I am willing to do so again if they need more cash to keep New World resources up and running. I also noted that they must sell there stockpile of coal even to Ukraine. Also now Turkey has new 15% tax on almost everyone in country except exports from Poland. So some Polish companies would be interested to buy and sell NWR coal at this very moment.
I have stood on the side of employees who are victims of Bakala as well. In my opinion all his dealings especially with NWR must be investigated. Maybe because the company had over 520 Million euro cash in 2011, where did it all go. They maybe will find something hidden in the capex as example or in his many different business names.
Petr Otava and Petr Paukner, owner of Metalimex and Carbon Bohemia
Petr Otava and Petr Paukner, owner of Metalimex and Carbounion Bohemia
Coal finance deal worth up to 78 million euros in future Reorganise NWR . I am unsure about this deal as it maybe not in the shareholders interest. And I am unsure what they mean what is the deal? Idea? in detail..
Coke that Metalimex makes, needs 20 tonnes of coking coal from companies like NWR to make 16 tonnes of coke. Coke prices have sky rocketed in China currently at 197 Us dollars of Friday 26 August 2016.
I am sure that the Secured Senior notes are due July 2020, And the Convertible Notes are due at end of 2020. NWR does not have to pay any cash or reissue these notes for many years. Please correct me if I am wrong!.
Euro 35 million super-senior credit facility can be refinanced this Oct 2016 as NWR is now making good profits. This would also apply to the ECA Lenders I am sure be willing to refinance.
Insolvency trustee: Ing. Lee Louda, Vodickova 41, 110 00 Prague 1 ... guarantor, New World Resources N.V . I am sure Lee Louda will do a better job than past NWR management as they had very stupid and crazy ideas to bring coal from U.S.A . When they wouldn't even try to sell there own coal produced by NWR look at the past stockpile.
We the New World Resources shareholders have been through hell and so much pain. Thank you to the government for helping. Even in Australia the government has helped companies enduring similar problems.
Best of luck to us NWR shareholders and I am praying and wishing for Coking/Thermal coal prices to continue the rally upwards.
