UK 16:17 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Czech coal miner New World Resources (NWR) has slashed its annual deficit from E914 million (£672 million) to E 21 million thanks to an advantageous capital restructuring and is ‘identifying new business opportunities’ while coal prices remain weak. Formerly part of the Czech state-owned coal industry, the company, which is listed in London, Prague and Warsaw and operates through its Czech mining subsidiary OKD, increased output 2 % in 2014 to 8.6 million tonnes, with hard coking coal for the steel industry 3% ahead to 8.3 million tonnes and thermal coal for power generation down 30% to 3.5 million tonnes.
Shares in debt laded coal company New World Resources (NWR) say its shares jump by a third yesterday after it announced a less than transparent capital restructuring. The world’s Number One Mining analyst Roger Bade of Whitman Howard reckons the market has got it all wrong and today advised his clients explicitly to sell into the spike.
Shares in New World Resources have perked up by 10% in the past couple of days to 33p – valuing this enterprise at c£90 million. But the very real downside risk is 100%, something flagged up this morning by the world’s Number One Mining analyst Roger Bade of Whitman Howard. He rates the shares a sell as do I.
The world’s number one mining analyst Roger Bade of Whitman Howard does not mince his words and if you are unlucky enough to be a shareholder in New World Resources (NWR) read what follows and watch out.
An explicit sell note comes out today from mining guru Roger Bade on New World Resources (NWR). Unlike most common or garden analysts, the guru Bade looks past the P&L to the balance sheet. The most excellent Roger writes:
