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So, does CWRN/PanAM/KMG have an azomite deposit that can be used as fertilizer? I have not seen any mention of this in PRs.
The key going forward is the frequency of shipping. If we get another within a few months, that could signal a trend for the future.
It is curious that they have not yet sent out a PR with the good news, even though they released a picture of the latest shipping event. Makes me think they may have been advised to keep quiet - for now. Must be as frustrating for them as it is for us.
Any base we form in the short term could easily break down if we enter another extended quiet period with no shipping or positive news.
From my recollection we can buy CWRN shares thru fidelity and etrade. Correct? If so, which is the better of the two? I know I cannot buy thru my account at TDA because I just tried.
Assuming this is a legitimate permit for 2013, does that mean Mexico is now or will soon be allowing iron exporting?
There would seem to be no point in issuing permits if they cannot be used.
Perhaps with Bob out of the clink soon, we may see shipping resume this year?
Of course the SEC and GEO litigations need to be settled, which could cause more delays. And we have no idea if drilling or mining or anything is currently ongoing or if operations are completely shut down temporarily or otherwise.
Could be a crucial year for CWRN and shareholders.
The last time we remained at or below 0.0005 (as far down as 0.0002) in October 2010 before the big run up the average daily volume ranged between 18 to 40 million shares, according to the Ameritrade chart.
Almost every day during that one month period there were more buys than sells on heavy volume. Obviously some were heavily accumulating - legally - or perhaps illegally. We may never know.
These days the avg vol is around 2 million. It appears history is not going to repeat itself. At least not any time soon.
I fear the current silence and apparent lack of activity could continue until at least Bob’s release in the spring. I really think he was and always will be running the show and his absence may mean the company (and stock) could remain in limbo until his return.
I'm guessing the sells today are just those tricky MMs testing the waters.
The June PR stated that the ore at the port was being held up pending dispute reolution with the Mexican authorities over time lapse in customs.
It seems hard to believe a resolution has not been reached after all this time, but you never know.
Someone posted not long ago that exports were being held up until new government officials take over as a result of recent elections. If I recall correctly, the post stated that would be happening in November.
So maybe things will start to happen before the end of the year.
If I am reading the correct email, she mentions a possible November shipment to the US. But she made no mention of China shipments, including the 45,000 WMT still remaining at the port presumably destined for China that was PRed in June. I know that was ONLY FIVE months ago, but it would be nice to know what the hold up is. Is it China? Is it the Mexican Authorities? Is it the lawsuit? Is it something else?
The stock has been fairly stable between .0009 and .0013 for 1.5 months now. Given all the silence and uncertainty of late, we are lucky that it is as stable as it is. IMO I think the stock could be in danger of going down significantly if they do not ship between now and early next year. I also believe the stock will not rise much or hold even if a shipment is made soon and we continue to ship sparsely and sporadically as has been occurring.
Obviously, the pps could pop if significant positive news is released or a regular shipping schedule with more frequent shipping commences.
But I believe nothing of significance will happen so long as Bob is in the pokey - and his release isn’t until early spring. Believe what you wish, but I think he still runs the show and it will be difficult if not impossible for him to run the show from behind bars.
Sorry, but I really do not expect much of anything from the company that will move the stock up until at least summer or fall of next year. I hope I am wrong.
So let's assume up to 550K tons ready to go. What's holding up shipment?
Waiting for iron price to go higher? By how much and when?
Deal(?) not yet finalized with BAO (or others)?
Shipping logistics?
Export problems/hold up/delays by new Mexican government?
Lawsuits, illegal activities, pending SEC judgements, and such?
What have I missed?
You infer that mining operations are wonderful and healthy.
Without any recent credible updates disseminated here or elsewhere I for one must assume that there is also a possiblilty the mining operations may be slowed down, stalled, inactive, or completely shut down.
If you have been in communucation with a credible source, can you share any details or is it just your opinion or assumption that operations are just fine in spite of all the nonsense that has been transpiring of late?
I have to agree with you.
At least we had the pictures. We don't even have those any longer.
A prolonged period of silence is often a sign that the business is not doing well.
Without some sort of update or communication or something it cannot be excluded that they may have stopped mining for any number of reasons, such as a deficiency in operating funds, overestimated or inaccessible reserves, poor management, or all of the above.
Regarding the illegal activities associated with CWRN, what’s done is done. We will just have to hope that the judgments and punishments do not cause severe or prolonged setbacks for the company.
However, my more immediate and practical concern is current operations. It is difficult to deny that there is a possibility that mining operations, including drilling, may be currently stalled, or even shut down due to a number of factors, including insufficient operating funds, prohibitive high cost of production, or even unsatisfactory reserves.
CRWN may be able to survive its legal woes, but there will be no hope at all if it has been determined that mining has become impractical or unprofitable.
That's not quite correct. Please reread the complaint. Bob wired an FBI agent $3000 as an initial payment to fradulently buy CRWN stock, but in fact the intent was for a total of $300,000 to fraudently be used to buy a shares. The FBI stopped the sting operation after buying only $1,472 worth of stock - deciding they had gone far enough and had enough evidence.
Revenue growth is an indicator that profits may increase, which in a normal company should translate into a higher market cap.
CWRN is anything but normal. In fact I think it safe to say the stock is way out of wack considering all the apparent revenue being generated, while the stock price continues to decrease.
There was a post back in May showing a quote from Bob where he states that he believes Guadalupe to be a "monster mine". In the quote he goes on to say that the opening of other mining concessions may not even be considered because Guadalupe is easier to mine and closer to a port.
Perhaps you are referring to this quote.
It would appear at least for the foreseeable future that our regular tidbits of information regarding mining updates and pictures have been cut off.
Or have they? In any case, I expect that PRs will remain few and far in between.
So where did we leave off before the crash? Last we knew, or were told, was that mining operations were booming and ore ready for shipping was piling up at a rapid rate. Has any of this changed?
And we now know for certain that we have all the necessary permits for exporting.
We have some sort of arrangement with BAO, but the details of that arrangement have not yet been defined to shareholders. Bao might pick up our ore as part of a round trip when they drop off their shipments to the U.S. But how often that would occur is unknown. Once per month? per 6 months? Plus on top of all that, the ore that BAO does not want is piling up even faster. These huge piles should be shipped soon, right?
Sounds like a plan to me. But is all or any of this happening as we speak?
You mean CWRN appoints a new president and even THAT is not worthy of a PR?
Bob allowing himself to be photographed with his head held high for public display is meaningful. Under the circumstances he could have become a recluse with his head hung in shame. There may be a wide spectrum of opinions of him on this board, but if nothing else you have to admire his tenacity. I would not be surprised to see a PR real soon from Bob himself.
She could be a member of the DOJ or FBI sent there to keep an eye on things.
I count about 30 million in BUYS today. Cannot argue that it was Las Vegas style trading. It also appears many are still holding. But my burning question and apparently others is can the company survive?
What are the chances given the seriousness of the offense that CWRN or Pan Am or both will be forced to shut down or that CRWN becomes private and is no longer a public trading company?
If one believes all the PR and non-PRed information coming out of this company, really good things seem to be happening with significant progress taking place. Can it or must it all end just like that?
Please no smart aleck remarks. You have more than had your say today.
What is the real reason for the delay in shipping? There apparently is plenty ready to ship, but it continues to just sit somewhere.
Some claim or seem to believe that all we are waiting for is a big enough ship (presumably as a cost savings).
Others have said repeatedly that the Mexican government has temporarily halted exporting for everyone, even for those with a valid permit. This act is being done purportedly to address serious illegal exporting issues and to reevaluate the exporting tax structure. The length of this temporary halt in exporting is unknown, but some have suggested that it will last a least through the upcoming Mexican elections taking place this summer. But who knows? It could be much longer.
All of my information regarding the halt comes from reading this board, which has provided evidence. Do not ask me for proof. I am just putting it out there again, since everyone seems to be ignoring it.
Regarding export permits, my take from reading both sides of this hotly contested issue is that there are truths on both sides. My best guess is that CWRN does have a valid export permit but the Mexican government has put a temporary suspension on all exportation presumably until they can sort out taxation and illegal exporting issues. How long this will take is anybody’s guess. Until that time, the only proof that exporting has resumed will be when we actually see a ship containing our ore leaving the dock. I hope someone brings a camera.
The reverse merger will of course necessitate a reverse exchange to reduce outstanding shares to make the upgraded stock more attractive over the longer term. But what happens immediately after the reverse exchange is worrisome. At worse it could be bad to very bad for current shareholders in the short term. Firstly, many nervous sharholders will interpret the reverse exchange as a reverse split and they will panic sell. This in itself could lower the the pps significantly. Also, because the reverse merger will result in a larger more complex company, this will likely create significant new debt. This new debt will likely be dealt with by dilution in the short term, thus reducing the pps even more. Year 2012 could be a great year for CWRN, but I fear it could be a terrible year for current shareholders. I welcome arguments for this projected worse case scenerio.
Regarding R/S, as the company continues to produce then it can be agreed an R/S becomes more and more unwarranted. However, when the new company is formed there will be a stock exchange. Our CWRN stock will be exchanged for stock in the new company. This exchange does NOT have to be 1:1. It could be any ratio, including a reverse ratio, such as 1:100. In other words it could end up to be essentially an R/S that's disguised as a stock exchange. Such an exchange could be healthy for the company because it will instantly elevate the pps and bring down the OS, both of which in turn will make the company look more attractive to investors with deep pockets looking to get in.
I disagree. I believe the exchange will be great for the company but disasterous for us faithful longs. It is more than likely that the exchange will NOT be 1 to 1, but instead at least 1 to 100 to bring the share count down and to make the new pps more attractive to the big players. Therefore the pps will "correct" to maybe around one dollar or more per share. When than happens faithful investors who have patiently held will panic and bail and the pps could rapidly drop at least in half. The pps will then slowly recover if the company produces, but in no way will the pps increase 10,000 percent or more (corrected to $100 per share) like it did earlier this year. Those days are gone forever, I'm afraid.
Sorry to spoil the party on this board, but a reality check is seriously needed here. Some are claiming that this stock could rise above $1 within a year.
That would be a 50,000% increase over its low. An increase of such magnitude in such a short period of time would actually be harmful to the company.
Why would they want to put all their enormous profits (assuming they in fact materialize) directly into their market cap using their current share structure?
What purpose would that serve except to make us small investors rich?
I think we all need to be prepared for a reverse split of at least 1 to 500. Here are my reasons.
1. Their current 2 billion shares are only worth $8 million at current prices. The company will require a large number of additional shares to pay for operations and to cover their enormous debt. A reverse split will accomplish this. The company cannot simply rely on profits to pay for operations. Especially in the early stages of production. It just does not work that way. They must use restricted stock (preferred, warrants, etc.) instead. And lots of it.
2. The reverse split will increase the stock price significantly higher making it more attractive to wealthy investors who will be needed for millions of dollars in loans.
3. Why would the company want small investors (gamblers), who paid thousands of dollars for millions of shares, to make a 50,000% profit at their expense? They don’t. A stock split will squash this small investor dream very effectively.
4. On a side note. The company share buyback refers only to public shares. The buyback everyone seems so excited about will have only a minimal effect on the stock price if there is a reverse split.
Sorry to be so blunt, but I say be prepared for a rude awakening. Incidentally, I am not a basher. I just want anyone who gets into this to do so with their eyes open.
I am one of those small investors just like many of you. I realistically expect this stock to get no higher than 5000% (0.01 before the split) above its low within the next two years.
Just my opinion. I could be wrong. I hope I am. Please feel free to provide an intelligent response why a reverse split is out of the question. Simply saying profits will pay for operations is not an intelligent response.