NWR’s shares lost 15.9% yesterday, to 24.55 CZK, after three pieces of bad news were announced. First, Bank of America lowered its target price for the shares by half, to 5.70 CZK. Second was the revise that NWR will be removed on Fri. from the FTSE 250. Third was a report that Evraz might suspend production again this summer. / Evraz is a key customer of ArcelorMittal, which buys a third of NWR’s coking coal. NWR now has a market capitalization of 250 mln. EUR and net debt of 650 mln. EUR