Kompania Weglowa to list on Warsaw bourse?

Analysts are skeptical, as the company is currently suffering liquidity problems as its level of liabilities exceeded zl.4.4 billion at the end of March - zl.2.9 billion of which were short-term liabilities. "The company does not have to be in an outstanding financial condition. The concept of its functioning is more important and how the management board will present it to investors," said deputy economy minister Krzysztof Tchórzewski. According to KW president Grzegorz Pawlaszek, the concern has to invest zl.5.5 billion by 2015 to maintain its current level of output. "Mining companies are attractive to investors, even though none of them are present on the bourse. But the concern requires restructuring and socially burdening cost cutting in terms of mining," said Jacek Obrocki of BDM. (Puls Biznesu, pp. 1, 12) M.M.