Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I agree with everything you said except for your last paragraph. Delete that paragraph and we are in total understanding and agreement.
Could be... or could just be one of the other hundreds of ships that go in and out of one the busiest ports in Mexico. CWRN is an afterthought with how much traffic ensenada gets I'm sure.
Again you talk about this vast income we have. We shipped TWICE in how many years? If you are really honest with yourself, you know that each shipment pays for itself and barely ongoing operation expenses to do another shipment. Only after many shippments will there be good income. Simple math of subtracting how much money is burned every day to all the different sources required and what we made in 2 shipments.
1.5 million shares on ask at 5. Someone is jumping ship...
Who is going to do the DD and call the TA today and ask? This would be great DD to post here whether they gave the info, or if they didn't, and then WHY they wouldn't give it out (i.e. Bob gagged them). I'd do it but i'm in meetings all day today.
I never said PPS was everything, don't mis-quote me. I INTENTIONALLY said 'value', look back at my post. I simply stated that low value was indicated by no change in price after shipment.
Yes, I'm flipping. 2.5yrs of mr. cottons 'story sheet' and I'm going to flip my cash into a new investment that may be risky, but has someone at the helm who actually cares about making money and actively tries to do it. If I wanted to listen to campfire stories, I'd go to a campground. I have ZERO confidence in this ceo anymore. If the company had worse fundimentals, I'd feel better if the ceo did more then fly over a few trucks at the mine with no one in them in a plane to snap photos instead of going to the accountants office and signing off on numbers and providing him what he needed to do all the paperwork. Sad, but true.
If the company had 'substancial income' we wouldn't rent equipment, stop trucking to figure out how to ship, have problems moving an average amount of ore to the port so slowly, or lose out on so many possible shipping chances just to get an extra buck.
You know that the last two shipments went to pay off debts, it's right in the PR for goodness sake.
This could all be resolved by transparency on the companies part and measurable progress in any way. Ok, so fins haven't been autidited? Release them and simply mark them as unaudited. That's what other companies do. Won't resolve CE or uplisting, but sure would help confidence.
No value in this company besides where it stands now until progress is made on paperwork. I'll say it a million times if need be. Perfect example, news from the last shipment did nothing for confidence as reflected in the downward trend on s/p following it.
No need. Bob told me in an email in October those issues were on hold.
Then what is the hold up with the financials and uplisting then? More investors means more resources to work the mines with. CEO is lazy or hiding something cause no other sane person would put these things on hold otherwise. Uplisting was supposed to resolve the CE in an easier fashion. Well, over a year later and that route hasn't been so much easier, and WHY? Seems to me that it would have been easier to have the CE removed half a year ago if they had tried.
Probably the latter. This is one of the most important ports in Mexico for goods and is always busy as hell. Trucking probably hasn't happened either. Remember when we stopped trucking in order to hammer out shipping issues? We drilled holes during that time instead.
If Bob isn't driving a truck, loader, or running the screeners, he should have plenty of time to do this. Of course, he also has plenty of time to do the financials and uplisting paperwork too, but none of that seems to be getting done. If he has a site boss, I don't understand what exactly it is that mr. cotton DOES do. I don't like slamming the CEO, but come one, nothing is happening on his side. I'll agree that it looks like dirt is being moved and possibly being trucked, so it looks like his workers are working harder by far then he is himself doing what he is supposed to be getting done (and promised).
You're so right! That $291 buy this morning to make 55k in volume really is impacting us!!! woo hoo!
cha!
You're right, becauase it has nothing to do with share price, it has everything to do with revenue from production...something we've only seen twice so far in almost an entire calendar year.
How many millions will be PR'ed that we make this first quarter like last year? LOL
Where is the revenue? Where is the 3rd ship? Where is the news of anything actually happening since the last PR? Bob himself said he wouldn't PR till something actually happened, which I guess means nothing is really happening besides more money burn.
Lets get the friggin ship to the dock already and load it! This guy just seems lazy to me.
As usual, whenever someone keeps asking the questions that have gone unanswered, it's the MM's, the shorts, and everyone else in the world who are keeping this stock down. In reality, it's the lack of transparencey and progress. It's a simple FACT.
Contracts would be great news. I await the official PR from Bob telling us all about them.
yes, don't do that. We actually shipped 8 times, made money to drill holes, and the visit to the mine was actually a buyout.
What are you talking about man?
Not misleading at all! There is a difference between PRODUCTION and all those things you talked about. Drilling for example COSTS money. So what someone visited the mine? You guys keep taking that up like it's a huge event. Just cause he went there doesn't mean there is any kind of deal in the works now or ever, especially since Bob never said squat about it, just sent one of you pics to gloat that someone went to the mine. It's not a big deal. hey, I've got a pic with the president of the US, I guess that means he's going to go into business with me?...
Production means selling our dirt. So far, we've only done that twice. End of story. No selling our ore = no income. It's that simple.
We produced 2 shipments in a whole year. Last shipment was in the summer. It's getting harder and harder to call this a producing company with those kind of results. Almost seems like just enough production to keep paying the bills and whatever Bob's take is.
Thanks! I remember reading about that stuff 2 months ago too.
1.25hrs and zero volume.
Lots of uncertainty in this stock today.
In total agreement. 'Nuff said.
Short, uninformative, and dismissive. I've certainly never received anything close to a picture. Worlds from it.
Joke all you like, I'm not laughing when my money is at stake. I want to hear it from Robert Cotton's mouth and I want him to be accountable. Is that too much to ask? You want new investors to buy this stock? Transparency then, and communication through legit channels. Otherwise, open your window and toss money out of it, it's just as much of a gamble. Of course, so is playing pinks anyway though right?
In a word, frustration. Like I posted before, been here for years, just got fed up recently and want to add to the balance after seeing plenty of bologne. Some want to forget the facts and where we stand simply because 'it's been discussed', but for some reason, we need to harp on whats going to happen and what has been promised 'this time', and that goes rampant. Facts are facts whether they have been discussed a billion times or not.
Not at all. I'm just again pointing out the fact that I believe 'think' pointed out this morning that select few get information teh rest of us don't, and with that information, like you said, it can only be interpereted as one likes since it's not an official company release.
With all due respect to rocket, if this didn't come from CWRN directly, we have no way of knowing if these pics are from CWRN, when they were taken, or by whom.
I'd love to believe things are happening, I just want to see the proof and I want the company to provide it, and not through back channels that the rest of us aren't priveleged to. I don't think that is unfair to ask, especially since it's kinda the law. Also, unless the pics are put side by side with pics from the same area etc (official pics again...) then 2 loaders, 1 truck, and 1 car don't mean production is moving very fast. Goes back to my question of how many people actively work at the mine.
The current events? Oh, ok, - No news since November, no ship since our 2nd shipment, no paperwork of any kind.
Those current events? Got it!
Simple, tired of the BS. I'm long, I've 'been here' for years but only read. Shareholders are starting to get tired of the promises and lack of production not just on the paperwork, but on the mine. 2 shipments in 2011 when we were supposed to make HOW MUCH in the FIRST QUARTER alone??? Remember that PR? 2 shipments. Just keep that in mind, TWO. During the time that we weren't shipping, none of the paperwork that has been promised has happened either. My investment and most of the shareholders here is a joke. This stock had potential, still does, but not under these conditions. Maybe Bob should sell and have someone come in who really wants to produce ore (and money!).
As usual, you will take the opposite of anything anyone says that could possibly be negative. I tire of it. Wiki it and let others and they can decide for themselves. If the SEC asks for Bob's emails to investigate, they'll also look at the 'To' addresses and then look at their trades. No much to dispute there. But just for fun, I'll say 'Black' I await your 'White' post.
Yes it is.
Insider trading is when information from a specific inside source (in this case the CEO) gives information to a person or persons and not to the general public. That information is then used for a trade which benefits that person(s). In this particular case, we very may well want the SEC involved. They will audit Bob's emails (or lack of if he trys to delete them) and then the accounts of those whom he gave information that hasn't been made public.
Just because you post something (or parts of something) that he said to you on a board doesn't mean you get to get out of insider trading as the recipient of the information either - you could have made a trade prior to showing the information to anyone AND that information was still not made public by the company itself.
Wiki insider trading and you can read all about it.
p.s. I work for a law firm that specializes in this type of stuff. Now discuss amongs yourselves...
Amen to that!
And my point was that Ensenada is the equvilant of Elizabeth, NJ. It's the deepest port and one of the most important for Mexican goods. Wiki it.
Again, the jobs argument is laughable. There still has been no count of how many acutal workers there are at the mine under CWRN's employ. Also, even if there were 30 people, 2 shippments of ore is a joke as far as dock workers, etc. They work at the dock EVERY DAY and have only worked with us 2 times. Get real.
Not bashing iron, just the empty promises of our CEO that never come to fruition.
Again I LOL. Where are you getting the numbers that this many people work at the mine? And the dock workers load stuff every day, you think the 2 shippments from CWRN are actively putting the food on their table! Get real people.
What jobs? How many people do you think work at CWRN? LOL
Sorry, but no. I don't have a full account so I can't do a board search, but I know for a fact someone posted an email from bob that said trucking will begin soon.
Right on! We all have the highest hopes for this puppy, and if all pans out, we'll all be VERY happy. GLTA