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Spin this from the article:
"The Baltic Dry Index, the main measure of commodity shipping costs, has tumbled 56 percent in the past year as the global fleet expands. Rates for capesize, the largest type of vessel tracked by the gauge, plunged 65 percent this year, while handysizes declined about 3 percent."
AND:
"Handysizes have virtually decoupled from the Baltic Dry Index, which is deemed inadequate to fully represent all the vessel types,” said Lee.
WE ARENT LOOKING FOR HANDYSIZE SHIPS WE ARE LOOKING FOR CAPESIZE OR JUST BELOW CAPESIZE SHIPS.
NEXT.
Ill be picking up $1,500 to $2k more in the near future, whatever that amounts to. Probably half of it tommorow, assuming it doesn't go to the moon.
Yes....same here. This dip is a blessing for smart people.
I think your "2.7%" was supposed to be 20.7%?? Great info though thanks!
I prefer to do it in terms of actual results of the stock. We may lose these small battles due to forces beyond our control, but we are winning, and will win, the war. IMO.
Thanks...good info to know.
Ultra boring day today.
Unfortunately not the case at these price levels. Market force haven't grabbed this guy yet and probably won't for some time. I'll hold until they do, because we will go for quite the ride.
FLAT? Are you serious?! What is going on here? Typical Penny stock tricks I imagine.
That is one sweet pic Rocket!
Dude. Businesses do not run 100% according to plan. If you had any idea what it was like to actually run a business you would know these things. But you don't. So you don't. CWRN has met its PR's, just not on the timetable that has been projected. $#!+ HAPPENS!!
That is slanderous nonsense!
Ive placed 13 different small trades and will keep adding as I keep getting cash. I've brought 5 other friends into the fray on this one. We are all LONG.
Great post Micro as usual. Thanks.
Just how nuts is this sucker going to be tomorrow holy crap.
He might get stuck on the upswing and not be able to sell out until its at .05....poor guy!
Tommorow is gunna be nuts!
Dude...try and keep up. CWRN needed to form a Mexican corporation. It's the law. CWRN owns 100% of Panam Ventures. The company is held in trust for CWRN and its shareholders. Go read the PRs, even though I know you prolly already have.
Its the MM's who bought heaps of shares at a penny last week prolly.....imo
If it weren't so uncomfortable I bet Bob would sleep on a bed of Iron. Maybe he can pile a bunch of Benjamins on top of it in a few months and make it a reality.
What in the world just happened. placing my order tomorrow ah poop :) Oh well get moving CWRN!
Methinks I will have to place an order with this one tomorrow morning. Looks like one of those "hidden" gems. More accurately the price probably should have exploded by now but MM's and other people have been keeping it down is my guess. I'm sure the long here will confirm that. I'll catch you guys once I'm dialed in!
that looks good too actually.
Man my big check better be in the mail tomorrow. Great adding op!
Chemical Analysis - LOS POZOS
Los Pozos Iron Ore Mine
Michoacan, Mexico 30,000,000 Metric Tons Proven Hematite Reserve
Nearest Port: 83 km from Lazaro Cardenas on the Pacific Ocean
????????????????????????????????????????????????????????????
From your article:
Proven Mineral Reserve
A ‘Proven Mineral Reserve’ is the economically mineable part of a Measured Mineral
Resource demonstrated by at least a Preliminary Feasibility Study. This Study must
include adequate information on mining, processing, metallurgical, economic, and other
relevant factors that demonstrate, at the time of reporting, that economic extraction is
justified.
Application of the Proven Mineral Reserve category implies that the Qualified Person has
the highest degree of confidence in the estimate with the consequent expectation in the minds of
the readers of the report. The term should be restricted to that part of the deposit where
production planning is taking place and for which any variation in the estimate would not
significantly affect potential economic viability.
Sounds good to me? Unless you interpret that information differently, I think my statements are just fine, even as they are opinion.
Man....we really could be setting ourselves up RIDICULOUS-like. IRON ORE is a commodity that will ALWAYS be in high demand. With booming middle classes coming up in developing countries that demand is only going to increase. If you owned a share of Coke back when they first started I'm pretty sure each share is now worth millions. I don't see that in our future, but if we take the next 5 years and lock down some claims (which is EXACTLY what they are doing) we will set ourselves up as a factor as a producer in the iron ore landscape. As with another stock I've been following, new technologies emerge in which we can run our tailing back through systems and pull even more FE out of the rock then ever before. Theres no reason to think our company, if it keeps moving the way they have been, will not have a market cap in the multi-billions within a few years. That opens up even more opportunities. Sweeeeeeeeeeeeeeeeeeeeeeeeeeet!!! Come on bashers run this thing into the ground for me one more time lol! Commodities are a perfect hedge for my real job too, and they should be in any portfolio. Gold, Copper, Silver, all the precious metals are "sexy" so I feel IRON gets overlooked. I think we are approaching a point in the info-age where no good investment can hide for long...IMO!
Tidbit from Bob:
"Thanks...by the way, in the pictures of the iron ore, it looks mostly red, but a closer look will show a lot of darker grey, this is the magnetic iron that carries the red iron on the magnetic separator... Bob"
The More You Know :)
I could use another good shake. With my "big" buy this week I could double up my share count if the price is right...that would be AWESOME.
No kiddin.....didnt know about this mine.....30,000,000 proven tons....sweetness. I now understand hematite is harder to process, hence going after baja 14 with 10 million tons of magnetite first. I like it!!!
I believe they are waiting on financials to get into Pinksheets b4 its "officially" listed, but it is true that the Company has done all that they should have had to to get it removed. Gray area in this case....just a buy-op!!!
That's explans my confusion yesterday when I read that part of the article...thanks bob!
I believe in past postings/Pr's they have mentioned large American investment backing, but I could be wrong.
great read. thanks.
I agree across the board....exciting times ahead.
Thanks for that analysis. You're not just a cheerleader are you!? You can spit your knowledge at me any time, I dont know $#!+ about charts lol.
In the ve short-term we could see a pullback....but not epically huge...and it will only be short lived. There too much insanely good news on the very near horizon. It will likely slowly trend higher until we get something the breaks it out, but I could see it pulling back a little bit at some point randomly....market forces don't have full control of this stock, so MM's and special interests could bring it down again thats for sure. I'll keep adding until it blows up, so I don't mind that it's sitting at this price, even though I've done the majority of my buying at the 2.5 range. I do plan on adding a BUNCH more (by my standards) mid-next week.
Its cuz we've heard it all before and would like to keep the conversation about the realities of this company, not potentially wild speculations or deliberate untruths. You'll understand why we are guarded about something with this much potential that we are in some cases deeply invested in. Its easier for someone to tell fact from fiction when 5 of us light up a false statement vs. just 1 or none.
Incorrect....try again. Averaging down is SMART in this case...almost genius if it wasn't so obvous