New World Resources – Sell! Says Top Mining analyst Roger Bade
By Staff Writer | Tuesday 3 June 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.