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I think its time to GETMORESHARES!!!
True change requires regulation something most traders have been trained to despise....well here are your free markets people, a damn free for all where the ones with the most power and access control the action. Theres more chaos down here where there are less rules and regulations than the big boards.
When will people understand regulations HELP the overall structure of markets? It simple is putting rules in place fir those who know their way around current rules.
Its a genius move though: scream government is the problem and their rules are screwing us and free markets are the answer (what does that even mean when u break it down lol) then offer up a slew of smaller rules that allow e people who know the cracks to continue to do so.
In every corporation across america they expand their rule base and controls as they expand, why should the government not be any different? Sigh
Gltu here.
You betcha!
CWRN facts 2011
Move from exploration to production And shipping
2 shipments have been sent out, each multi-multi million dollar shipments (think 5-8 million revenues per ship, in an industry that profits 50 to 60 percent.
Trucking for the 3rd ship is currently underway or complete pictures can be viewed and dates verified on them. 3rd ship expected to leave within weeks, and could be a larger size.
Equipment has been added, LARGE equipment, to help further excavation. See my icon for one item they picked up. It requires revenue and profits for such equipment as There is no dilution.
Inventory Enough inventory in port for at least one more ship, but likely much more. The laydown yard had been overflowing for awhile.
Coloso vein and drilling
A drill program has been implemeneted (verified by the company and in pictures) in which a HUGE discovery of Premium iron ore was found, with massive concentrations in a small area which will allow for even more efficient production moving forward, especially paired with the new equipment that is soon to be in play (independent source confirms the equipment is being worked on right now).
Catalysts going forward:
Financials, which open up the door to CE removal, and uplisting.
Merger of multiple entities into 1 larger company...see company PRs.
News on Nazarena, the "BIG" CWRN mine.
Production increase post-financials (production will and has been increasing, but it hasnt and will not have the desired positive effect on PPS until financials can confirm)
Feel free to add to the growing list of positives here. Great things heading our way!
The answer is no to the first questions, HELL NO actually, and HELL yes to trusting Bob. His statements jive with what we visually see and hear taking place on the ground.
I know where u sit on those positions! Lol!!
CWRN
Ironclad!!!!!!!! Produceeeeerrrrrrrr!!!!
5 to 7 million pounds is not that much. There are alot of costs associated clearly with just getting projects running, and this isnt anything near a longterm project.
Theyd need to get this into production and use the money from that copper just to expand to a worthy size op. Perhaps thats their plan, But They have a long way to go before any real profitability, jmo. Gltu all here tho. Check out cw@n if u r bored, its a producing, profiting junior, but not copper.
THRA.
That machine is ours. Callin it.
CWRN.
Doesnt that give you an iron-on? ;)
Great stuff thanks.
No f777ing way :) id stop adding though.
Good day CWRN.
My plan as well. Not as much firepower, but the amount is going up. Ill deliver pizzas at my stores for tip money if i got to, thats how i banked in college! I want as many as i can get before it goes nuts.
Great post. Same to you.
And a big thanks to everyone for their hard work, keeping this thing alive.
Looking to add more for sure here. Cant wait for the news. Sounds like an entity with an immediate future.
Second that. Id go for an absurd amount.
Into the ground? We are on the upswing! This company is JUST getting going.
Your missing what little point there was...buffet would be able to see the upside here because he is NOT an idiot, and would likely take a gamble here imo, but nothing significant that he would be worried about, which is why i said 25k. Hed spend that money without thinking twice and would probably only look at it again if it quadrupled or more. It wouldnt be a "this is an obvious money maker", but a "ill dip my toe in and keep my eye out, as potential upside is limitless". You must think the same way, you are here all of the time? Unless u arentinvested here in which its really sad u spend your time here. Jmo.
Cwrn.
I think well get our instant crediblity once the volume suddenly goes up by about 100 million over a couple week stretch. Thatll mean the company has got some shares back for cheap and is ready to roll. JMO.
I've always speculated that this could be the one gray area for Bob and the company, to hold off on publishing all the info until they have bought back some shares. This would allow longs who are true to the company to accumulate the whole way as well. I dont know how ethical it is, hence the gray area, but this would honestly be by far the most "unethical" thing that I would have seen Bob do. And its a hypothetical and not a bad one a that if you ask me. Bob has had to deal with nothing but BS from GROUPS of investment people over the years, so why please them at the end and make them money the way they want to when he can benefit those who support the company, not the trade?
At the same time it could just be that Bob wants them to drop all of the goodies all in a row, side by side, which would clearly aid in allowing marktet forces to regain control, and permanently.
A good strategy too IMO.
Or it could just be straight up a logistical and tactical mess that takes time. Were still producing and shipping as it unfolds, no matter what! And expanding with bitchin spiked metal claws attached to overgrown metal Cats. Sweet.
This is of course, speculation, JMO's everywhere....cept for the last paragraph.
CWRN.
IF Buffet spent an hour researching this company hed spend 25 grand not even thinking about it just on the gamble.
CWRN
agree for sure.
Lol Nice. Yea I certainly wasnt complaining about the 10%. Now if thats standard and occurs forever and is basically the board getting a kickback, well then I may be a little upset. Fruther still if push came to shove, still owning 90% of this company is fine by me.
CWRN.
Oh man this thing is done im afaid. Ive been checking in here periodically and that share increase is the kiss of death IMO. Its very telling of the state of the company on multiple levels. They need to catch a big break. Hopefully they do.
Good luck to longs here.
That wont take very long with 10percent management fees.... Lol.
I hope its not that long but if it is that long i hope its only that long! Gltu.
Yup mhhmm. I agree that the fundamentals are soooo much stronger now at .0045 than they were when the company was at its high pps.. Just point to this instance as proof of the irrational, or manipulated markets.
But hey, caveot emptor may end up being my favorite two words ever. So bassackwards.
CWRN.
From Reuters:
* Ore recovery seen fragile on lean China steel demand
* Shanghai rebar gains 2.9 pct on week, ore swaps jump
(Updates rebar price)
By Manolo Serapio Jr
SINGAPORE, Dec 2 (Reuters) - Iron ore bounced back
strongly after more than a week of losses as falling prices
encouraged some steel mills in China to return to the market,
although sluggish steel demand in the world's biggest consumer
may limit the recovery.
Iron ore with 62 percent iron content rose more than 2
percent to $133.60 a tonne on Thursday, cost and freight
delivered to China, said the Steel Index .IO62-CNI=SI.
"Some steel mills have started buying ore marginally which
could support iron ore prices for a while, but it will be a weak
rebound because fundamentally, steel demand remains weak," said
Henry Liu, head of commodity research at Mirae Asset Securities
in Hong Kong.
With construction activity in China normally slowing in
winter and credit access for steel mills not improving sharply,
"it's very unlikely to see iron ore prices surging above $150,"
he said.
Highlighting slow demand for steel in China, also the
world's biggest producer, average daily output of crude steel
stood at 1.664 million tonnes over Nov. 11-20, unchanged from
the previous 10 days, according to data from the China Iron and
Steel Association on Tuesday.
Liu said it still remains to be seen whether China's move to
cut bank reserve requirements would boost liquidity enough to
benefit steel mills faced with tight loan access and poor steel
demand.
"The question is will this additional liquidity reach the
real end-users? Are the banks willing to lend money?," he asked.
China's central bank cut reserve requirements for commercial
lenders on Wednesday for the first time in three years, a policy
shift to ease credit strains and shore up an economy running at
its weakest pace since 2009.
The half percentage point cut takes effect on Dec. 5.
SWAPS SURGE
A steep rise in prices of iron ore forward swaps <0#SGXIOS:>
on Thursday reflected market expectations for a further increase
in spot rates, with all contracts rising, and by as much as $8 a
tonne. Volume cleared by the Singapore Exchange, where bulk of the
globally traded swaps are cleared, rose to 409,000 tonnes from
294,500 tonnes on Wednesday.
Offer prices to sell imported iron ore in China rose for a
second day on Friday as traders and miners upped rates with
inquiries picking up.
Australian Pilbara iron ore fines were quoted at $134-$136 a
tonne, C&F, up $2 from Thursday while Newman fines also rose $2
to $138-$140, said Chinese consultancy Umetal.
Indian 63.5/63-percent grade iron ore fines increased a
dollar to $144-$146 a tonne, said Umetal.
"We can only say the market seems to be better, but the
buying activity is still low and steel mills will need to repay
bank loans by year-end," said an iron ore trader in Beijing.
The most-traded May rebar contract on the Shanghai Futures
Exchange eased 0.3 percent to close at 4,163 yuan a
tonne.
For the week, rebar rose 2.9 percent after rising the most
in three weeks on Thursday following China's bank reserve cut.
It was rebar's best weekly gain since the last week of October
Bob, and CWRN is profitable, and you can see this just by doing then tiniest bit of reading. In order to be able to operate, and add new equipment, and run drilling programs, and pay for mineral concessions, and work on financials that are reported to be done, at least on mexicos side, all costs MONEY. Paying off investor debt, as reported, costs money. Trucking and storage at port costs money! You need profits to do all of these things! There is enough documentation, be it the export permit from mexico, or whatever else, to prove that money is going where it is supposed to.
And im in this for the LONG haul. Im an investor. Im not worried about the stock price TODAY. Im worried abut it 1 year and 5 years and 10 years and 20 years from now, ThATS It. If i can accumulate on the cheap so be it! Its a shame its so hard for you to understand this. Maybe you will in a years time?
And with no diution in many many months they have to get their money from somewhere..whats changed since they stopped diluting? Shipping holy $@&j!
Its not as hard as you are pretending to make it.
Served.
CWRN.
Buying back shares and not needing the shareholders are two completely different things. If im him, knowing what Ive got, Im going to buy back as many shares as I can once I have the funds, before the financials are released and before the big boys catch on here. And they will.
He doesnt need to dilute anymore because he is profitable, that is why he doesnt need the shareholders...in the best way.
If people want to keep selling people will keep buying. Id rather make my buys in the 4s than the 8s anyhow. Because I will keep adding until the catalysts occur.
CWRN.
not acting like a stock thats being diluted!!!!
wow really? lol
Well I got my tickets to the party at 7. Lets do this thing. RIGH.
Wiki has made it clear they have no money though, thats what makes this intriguing. They survive off of donations, and it hasnt been going that well based on the tones I get from their message. Perhaps this is the only way for them to pull it off...Its a reach, but you never know....well well know soon.
Yep. Take advantage of the gap between the perception of the stock VS. the reality on the ground.
You have got to think the vast majority of holders at this point are in for the VERY long haul. They may have some small fraction set aside for breakeven purposes but Ive got to think when this goes it will go quick, will catch the eye of that many more people who are wondering, and finding out why. It should be the snowball of snowballs, but only once everything is in place.
Should be sooner than later! I think a got a few more buys left in me. The roomie is sellin some of his SBUX (hes a GM) to acquire some more CWRN tommorrow. Gobble gobble, 1 little buy at a time.
CWRN.
Vince i am looking for facts, and not opinions from those who dont know the facts about this company.
Cwrn.
China on Wednesday reduced the amountif capital banks are required to have in reserve. First time in 3 years theyve eased and are likely to do it further. Letting the economy run over there even more! China is cruisin, and we got what they need.
Thats fair. We certainly all have our wish list in terms of company info. The hard part is setting yourself up for missing selfimposed timelines that dont hurt the fundamentals, but the perpespective of competence, even when delays are but a product of thesystem we live in, in many but not all cases.
Cwrn.
For now. Im not interested in making flipper money here. I have a biz to run. I plan to make money off this thing for decades, the more i have down here at this severly depressed levels the better.