Well my dear, I am long term investor here nad follow fundamental:
Considering a declared contract with defined revenue and doing some math (see previous posts) they are selling around 50,000tons from April to December at per months at 180$ per ton and the cost of extraction depending on the site of the coal delivered to the port is well below 100$ (40 to 80$ per tonne). Even reducing the number of tons of a factor two considering that (according to the PR) they will not produce more than 10,000 to 30,000 in the first months, this makes:
25,000tons * (180-80)= 2,500,000$ revenue PER MONTH
Did you realize this company has a Market Cap equivalent to their Monthly revenue at 0.0160?
How do you expect NEWC to downtrend now?
I understand your prodent approach but your are missing a lifetime opportunity imo