Thursday, July 17, 2014 4:15:10 AM
last 2 somebody else's ore- so low profit on Geos last 2 ships there had nothing to do w CWRN
and CWRN had much larger profit on its last 2 ships than somebody intimated-last one being Panamax of over 68000 tons shipped- and May 2011 CWRN PR indicates profit from CWRN's 1st ship would've been several million so unless TX case just provided other info..
from Geos finacials
On April 2 of 2011, with assistance of our joint venture partner, GEO Tech shipped iron mineral from Ensenada port, Mexico to its China counterpart. The ship MV Kriton delivered 38,212 MTS to our end manufacturer (buyer). The goods were certified by CCIC of North America and SGS of Mexico.
On September 4 of 2011, the second shipment on MV Lereto delivered 36,001 MTS to our second manufacturer (buyer). The goods were certified by CCIC of North America and SGS of Mexico.
On February 25, 2013, the third shipment on MV Pretty delivered 33,282 MTS to our joint venture partner, Panacore Resource DMCC (buyer). The goods were certified by SGS of Mexico.
On May 9, 2013, the fourth shipment on MV STX Pride delivered 47,955 MTS to our joint venture partner, Zion International trading Company (buyer). The goods were certified by SGS of Mexico.
Imo. Do your dd before investing. I'm not a financial adviser nor compensated for my posts. They don't believe what they say, so why should you?
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