Sunday, August 31, 2014 7:07:57 PM
low sulphur ,veins up to 67%- only shipment w any ore under 62% was 1st -combo of 58 and 62 because custom mag sep only was operational 3 days before trucking
inventory at then spot price of 175 plus was 32 million
ship co delayed a month by changing ships -then delayed again to negotiate a fuel surcharge due to oil spike to 120/ton due to libya war-then ship bounced by container ships
then geo allegedly withheld millions from the 1st 2 ships necessary to keep ball rolling
then govt prematurely cancelled 2011 permits just before 12-21-11 ship and added extra audits next yr -using that as an excuse to try to confiscate the ore -
so while dealing w that cwrn got the trommel may 19 2012 etc to process byproduct to ship aug 2012-which was then held up by contested july 2012 mex pres elections and lameduck govt
all those things beyond cwrns control
real world is not an easy place-esp mining -some entrepreneurs try mining just to cap their careers to see if they could do it
cwrn not responsible for mm broker dtc etc games either
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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