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MBIO62DA 115.56 +1.90
(iggy)
Picking up a load of 'roo meat for China?
Ex Parte was incoherent gibberish - didn't even get the party's names right. This was a desperation move on Geo's part to try to escape the hammer coming soon in CA suits. GEO is dogmeat.
Postponed until the 13th June.
Thanks for the comments MadFlight. I used Google and tried to edit out the rough edges. Could you please share any important points that I missed here?
Rough translation of prior post:
On June 3 the ship "Van Star", 200 meters long, 34 000 778 GRT, and flyig the Panama flag , arrived at API-1 public dock from Santa Rosalia, BCS. It achieved simultaneous operations, unloading 40,000 tons of gypsum, and 10,000 tons of coke import for Cemex plant in the town.
The operation is run by the helmsman Tramitadora Pacific and has an estimated duration of 13 days for unloading of material, with an average yield of 175 t / h, as the material is directly deposited into gondola-type trucks to be transported directly to the Cemex plant.
For the Port of Ensenad, this is the first operation in which mixed traffic loads on cabotage and height are handled simultaneously, confirming the growth and potential for handling different loads. It is also the first Cemex ship with these dimensions.
Also, in the spring, the 229 meter-long vessel "ILIA", was received at the EIT-2 Multipurpose Terminal. Flying the flag of Panama and 44 000 027 GRT, the Ilia made the first shipment in 2013, of 68 000 069 tons of iron ore to China.
Eight days later, the 185-meter SMOLENSK, flying the Marshall Islands flag, and 33 000 044 GRT, loaded 42,000 tons of scrap metal at the same dock, bound for China. The second shipment of the year, give EIT a total export of 83 000 954 tons to date.
Switcho-change-o...LOL!
LMAO Production cost so low PanAm Mexico 2 million in debt and near bankruptcy.
Doesn't make sense Jacob. Even at $80 (which is highly unlikely)the existing inventory is worth millions. And with low production costs, the new company will be highly profitable.
Ferrous iron sulphate is used as fertilizer. By-product of iron mining. Sold by the bag on Amazon and other fine retailers.
http://www.amazon.com/Granules-Ferrous-Sulfate-Killer-Fertilizer/dp/B005H8DFU2
Wow - that's quite a cast of characters. Not looking too good for GeoTech et al.
Quick - look over in Houston - a squirrel!
I've never heard of them.
Bob is my folk hero. A flawed man with a vision to transform a dry dusty stretch of land into a profitable iron ore mining venture. No matter how many times he fell, and was knocked down by others, he just kept getting up and having another go at it.
I am delighted that it is going to pay off for him, and those of us who believe in the future of the new company that will emerge. It doesn't matter how much people trash him and the company. In the end, he did it.
Bravo!
Thanks for the accurate information Daisy.
Ultimately, all investments are speculative. I like the potential of CWRN and whatever it will become. I willingly accept the risk. We have different tolerances for risk. You are free to invest differently. I have no stake in trying to convince you to invest here or not.
So why do you invest so much time trying to convince me NOT to invest here? This is a sincere question.
When the transition to the new company occurs in roughly 30-60 days, the RS will enable uplisting to get out of pinkies. RS is only a problem if they dilute. Otherwise, it is simply an accounting of shares, and a change in decimal points.
Given the vast inventory they have acquired, willing buyers and increasing prices for ore, they have no reason to raise funds through dilution. JMO.
Boring day. Waiting for those .0001s or .0002s. Still smells like .0008s.
About Navial... interesting!
http://navial.com/images/Navial_Mineria_6a.pdf
Why has CWRN's May 26, 2011 PR been removed from the news section in the Detailed Summary page for CWRN? Please put it back.
The May 26, 2011 PR contains very important DD/background necessary for fully understanding the current status of CWRN.
http://www.marketwire.com/press-release/cwrn-revenues-distributed-2nd-bulk-shipment-close-pinksheets-cwrn-1519301.htm
An incoherent "Hail Mary" pass doomed to fail.
This is one of the most incoherently written legal docs I've ever seen:
This court has jurisdiction over the parties because Defendant has availed itself to the Forum State of Texas because of its minimum contacts of doing business in Texas where it can anticipate being haled into any Court in Texas.
HOUSTON, TX--(Marketwire - May 26, 2011) - Cotton & Western Mining, Inc. (PINKSHEETS: CWRN), the company under Irrevocable Assignment of Documentary Letter of Credit Proceeds, distributed the revenues from its first bulk shipment of iron ore under the following percentages; 60% to ongoing operations, 30% to Project Investors and 10% to Management.
The Project Investors recovered approximately 75% of their cash contributions; The Ensenada International Terminal was paid approximately $320,000.00 for receiving, storage, material handling and cargo loading, $356,000.00 was paid to Road-Runner Trucking, $1,115,000.00 was paid to COSFAR Bulk Cargo Shipping, $220,000.00 was paid in royalty fees and surface rights.
The Company was also able to meet its obligations to PowerScreen of California paying a balance of $975,000.00 for the crushing equipment. We would like to thank PowerScreen for their ability to provide us with over $1,500,000.00 in equipment that was paid off under settlement of DLC proceeds, without their help it would have been very difficult to secure the equipment we had specified for the production. The Company will be receiving more equipment from PowerScreen shortly.http://www.marketwire.com/press-release/cwrn-revenues-distributed-2nd-bulk-shipment-close-pinksheets-cwrn-1519301.htm
Anvil- are you an insider with Geo? Where did you get all the lawsuit stuff filed on 5/29/13?
If you can keep the price down for another week, I will definitely buy some more! GLTA
Who is Brett?
Smack! .0009s
Don't cry Jacob.
Details on fake buyout offer.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60558928
Just for the record. This is very old news.
CWRN is undergoing major reorganization
- New management
- Name change coming
- New share structure (uplisting?)
Assets
Huge inventory
- iron ore + Chinese buyers
- fertilizer + buyers (value $300-350 ton)
- cement + buyers
We do not have all the details yet. Give them time. They have seen firsthand the reach of SEC. They have every incentive to do good.
Long and strong CWRN/new company!
Do not prejudge this new company. Give them a chance. No one here has enough information to know which direction they are going. Any detractors at this point are making groundless comments.
Ask is getting very thin.
Bob is no longer part of the company. Why keep flogging that dead horse?
I topped my tank again today by scrounging for change in the sofa cushions. The company's new direction is certainly generating a lot of chatter.
That was a fake buy-out bid from a group of shareholders trying to pump up the SP. If fell apart real fast. Nice try.
Long-term longs have a lot of documentation from that time. We have long memories.
Lot of buyers showing up to snap up cheap shares - let the flipping begin!
That's OK - CWRN has taught me patience.
After reviewing a lot of previous DD, I am holding. I think SP will be volatile due to a lot of FUD. The real story is not yet known, but there is a lot of interesting data going back in history that makes me feel fairly confident longs will be OK.
Yup - very entertaining. I'm always surprised at how fast the word gets circulated.
Nah - it'll take a hit for awhile until more details emerge. Fundamentally, they are still iron ore producers.
How do you know that?