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.
Lesson learned - an expensive lesson, but a good one that will serve me well. So long CWRN. Ever onward!
I'm done being abused. Sticking around longer will turn the sadism into masochism. Not my thing. Good luck to those who stay invested. Seriously, I hope you all make a fortune.
I'm confused. Can someone spell this out for me? This phrase confuses me: "CWRN shareholders of Record Date (to be set)" will be given dividend shares. Does this mean that it is possible that only folks who invested long ago at much higher prices will be given the dividend shares, and those of us who jumped onboard sub-penny are going to get screwed? I invested in CWRN because of the Philippine mines. If it turns out that I now ONLY own shares of a CWRN that no longer benefits from any profits from those Philippine mines, I am going to get out the voodoo dolls and start sticking in pins*.
*no threat--just banter
Purchase orders for mining equipment don't mean much, and it's not a reason to invest in a company. Until(and if) those companies have the equipment to sell, the purchase order sits on a stack of other purchase orders. There is a severe shortage of all equipment that has anything to do with mining.
We need a couple closes above .20 before we can start an uptrend here. I was waiting for a break below .15 to buy more. --I still might get a chance. There are a lot of folks trading the swings on this one. Might see some selling early next week.
Placing orders for equipment and getting those orders filled are not the same thing. Everybody and their brother is starting a mining company. There is a shortage of mining equipment.
http://www.econstats.com/rt_ironore.htm
--not spot prices but it gives you a decent idea of what's going on with iron ore.
No .0001 dumps today. Good? Bad? --but no volume.
That's sobering and a perfect reason to not be overly enthusiatic just yet.
No trace element analysis on nearby sites that might suggest this one is a go?
'Love' isn't the word I'd use. I'm hopeful but realistic. Don't take out a second mortgage or pawn grandma's wedding ring, please.
Those numbers are aspirational--doesn't mean it's going to happen. Bob is getting busy. That's a good thing. We need to be not only concerned with how skilled he is at mining but how well he manages his public company, and, well, we all know he hasn't been the best out of the gate on this one, but maybe he's better once he finds his pace.
I'm in and waiting. Oct-Nov should provide a clear picture to where we are going.
And don't forget about Astrolabe's cut of CWRN's take.
Don't forget Astrolab(sp?) gets a cut of CWRN's take.
what exactly does '"other schemes" mean?
You hit it right on the head. You didn't miss a thing. The continuation of John's post-selling meltdown. In the red and pissed. We've all been there.
Can we end this 'scam' talk. This is an example of a desperate man trying to save his business, not a scam. Because the share price didn't triple in a week, John now thinks it is a scam. Less than two weeks ago he was excited about CWRN and buying. When the price didn't immediately bounce, he sold. Following that investment strategy is a fast track to poverty. Bob needed money. He diluted. The price tanked as expected on increased share count so he could raise some cash to keep things afloat. Now we have a JV and big boys in China lined up to buy. Let's see what happens. Selling now in fear of a possible reverse split in the near future is plain dumb. This is a low, the time to buy. If you don't own already, taking a wait-and-see attitude might not be a bad idea, but if you already own, why sell now.
I've had a buy order in for weeks at .0001 and have yet to buy one share at that price.
John's point of view is welcome. This isn't only a forum for happy news. It's a venue for sharing info. I have money in this one, and I like hearing both sides. I'm keeping my position and taking a 'let's see what happens' stance. It really can't get much worse. Let's see what Bob is made of.
And why does an arms dealer want iron ore? They now want to manufacture weaponry, too? This just gets more and more peculiar.
What's the deal with this location that does not need major road construction or a deep water jetty for loading. These things had been obstacles to getting started, and now, all of a sudden, there is a location that doesn' t need major road construction or the development of a deep water port? Peculiar, no?
No one was selling at .0001. I had a buy order in at .0001 for weeks and didn't get one share filled.
Whoa! Looks like voliume just doubled from when i checked a few mins ago. Where is .0003?
Okay, great, finally there is some news. But before we uncork the champagne, let's do a little parsing. It is a 50/50 agreement with quantum paying for start-up costs. It looks like Quantum gets all the ore untill the second phase, when production can increase. What does this mean for the profit for CWRN? Looks like CWRN profits can be waaaayyyyy down the road, no?
It's not tanking. Temporary glitch. Buying opportunity. Investors are tired of waiting for the feasibility report that was first announced to be released last Dec, then a PR came out projecting the report being completed during the first quarter. Well, we are now beyond the first quarter and no report. People stop sitting on their hands and start pressing the sell button when projected deadlines are missed. As soon as the feasibility report is released, we should see this one get a serious bounce, especially at current precious metal prices. IMO, this one is a no brainer.
Weird day for this one. Maybe the shorts got control and triggered the stop loss orders. It was a buying day for me. Picked up a pile at .75. Investors are restless waiting for that feasability study that has been 3+months coming.
bailing at this point would be more foolish than investing in the first place. any lower and it's over. this could be an exaggerated example of buying low and selling high, not that i would buy now. tempted to average down but am keeping my fingers away from the buy button.
Hello .0001. I have a feeling we might as well get comfortable here. I should stop looking at this company. It makes me ill.
No volume today. If we don't get a positive NR soon, here comes .0001.
Daye didn't advance any money becasue they are not in the biz of financing mining ventures. I mean, c'mon, although there is some potential here, there is not yet a transport road or even a deep water jetty to enable loading. There are a lot of hurdels to get over before any iron ore gets to market. And we've been eyeing these hurdles for awhile. It's time for Mr. Cotton to start leaping over them.
What I don't get is why potential JVPs haven't been crawling over each other to make a deal with CWRN. With 6 billion in the ground it's a no brainer--that is, of course, if there really is 6 billion in the ground. It's a pink, so who knows? It sounds good.
I'm glad your DD process works for you but scouring search engines for info on pinks turns up a lot of commentary and very little in the way of facts. The fact that hooked me was the meeting with Daye. That meeting lends credence to the potential for CWRN. Daye would not bother meeting with a yokel company that had no hope of pulling its potential into actuality. I'm with you on this one. Let's hope Mr. Cotton pulls it off.
KID, how did you manage to do due diligence on a pink that has no current financials available for review? Reading press releases is not due diligence. I almost bought in at about .10 but my gut made me wait. I did buy in at .0004 with the news of the contract meeting with Daye. Even though I knew that there was no way Daye would sign a contract until the mine was in production, I thought it was a good sign that the big boys were taking notice of CWRN. Although I am not happy with the current pps, it's still a good story. I'd feel a lot better if this potential JVP was a public company. Anyone have any clue what this company does and why they want iron ore?