... it's a big blue watery road ...
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Not yet, but they certainly will be after the first shipment.
Looks like hauling the iron to the port will not be a problem after all...
I really liked your argument about bad roads and the distance from the mining site to the port. So here's some DD:
Here is a kilometer marker near the mining site:
And here's the beginning of Hwy 1 that will be used to carry iron to Ensenada:
The roads seem perfectly fine to handle the trucks, do you think?
Ok, now that we are done with the external roads, lets see what they got on site:
Looks wide enough....
This should cover your logistics argument. I would produce some pictures of the handkerchief-masked gangbangers you claim will keep ambushing the trucks, but the villains proved difficult to find.
You see it's not even about how much equipment he got today, but about the fact that more more equipment is arriving at site every week. With all this machinery pouring in, and the company persistently putting out public news releases about upcoming production, I doubt Bob is going anywhere any time soon. I have recently started addressing my concerns with the company over the email, and Bob seems to be utmost cooperative with his shareholders when it comes to relevant questions. As the matter of fact, here is a picture of MORE EQUIPMENT coming in a day or so ago:
Surebob, this is NOT what dilution looks like, agree?
That's the spirit!
We got 48M in sold shares today, even if the company dumped every single one of those, they would only make around 10% of the price of one used specimen pictured in your post. How many shares would it take to buy everything we saw on the photos and pay for all the governmental fees? Probably more than there are shares authorized. Here goes the dilution theory...
I found the same range when I looked at it. Those things aren't cheap to buy in order to just promote the dilution, as it is being claimed.
20.8 million buy came through after close.
Yes, 14 cents is very possible here. We just need to get this ball rolling with that first shipment.
The number came from here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54334311
It was not a projection, but rather a theoretical calculation using the math that is often employed to roughly estimate stock's fair PPS.
A lot of it is in my posts. Go over them if you are interested.
You got it all wrong. The reality is that the company is working on a project. My perception is that they will succeed. Yours is polar opposite. Time will tell whose was closer to reality.
Like I said, I probably would not be able to afford all the shares I own had it not been for all the CWRN criticism that scares away so many superficial investors.
There is no need to put any spins on that. CWRN had not, indeed, generated any meaningful revenues as of today. This is the reason I was able to accumulate such significant position in the company for relatively small money. So I guess it's a good thing.
Another good thing is that no matter what you or other members here might say, I strongly believe, relying on what we have seen so far, that it will be around 109th or 110th PR that the first shipment will be out.
Looks like only good things to me. My glass is half full, while yours is half empty. Perception vs. reality, it's that simple.
Why do they have so much equipment on site and a contract for more with Vally Equipment if there are no permits?
Even you noticed that someone is constantly sending through a sell right before the bell to close it at the bid. Keeps happening every day...
It isn't the company. If they were diluting they would not try to intentionally lower the price for the next trading day. It would be vice versa, in fact.
500,000 blocks were 100% buys, check your L2 history.
You will be out of money before you know it.
Any new publicity is good. CWRN will begin getting noticed now that everything is on track for the first shipment.
Evolution of your argument:
1) CWRN has no intention to do anything but sell shares.
2) The company has no necessary permits.
3) CWRN has no money.
4) CWRN has no mining equipment.
5) The pictures of the equipment are staged.
6) There is not enough trucks in Baja to deliver iron to the port.
7) The roads in Ensenada are too bad, and the port is too far.
8) The company's trucks will be harassed by the authorities.
9) The company's trucks will be harassed by drug cartels.
10) Ensenada does not have a suitable port.
11) There is no magnetic separator to clean up the shipment.
12) ?
It is interesting to observe how the argument evolves into new premises every time the previous point was proven wrong by the company itself or by logical reasoning of the board members.
I assume the permit is not being publicly published for the exact same reason. This is a sensitive governmental document, how many other businesses reveal such material to the public?
This is nonsense. The contract has been officially confirmed, and that is great news. There is no reason for the company to reveal its content. CWRN just like any other business is entitled to confidentiality in its operations.
That's the point, the cheaper the shares when you buy them the more money you make in the end. C'mon, you should know that!
LOL missed by 50%.
Around 50 blocks of 500,000 shares were bought in a row between 3:28 and 3:50. Someone is accumulating nicely here.
So we have countless pictures of the production site, we have millions of dollars worth of equipment at work, we have confirmed open contracts with other major businesses.
What stretch of imagination leads some people to still be calling this plain ol' dilution scam?
CONFIRMATION from Valley Equipment:
My Email:
Hi,
Publicly traded company Cotton & Western Mining Inc. recently mentioned your organization in their news release. I would highly appreciate it if you could quickly confirm that they are, indeed, your current customer.
Thank you in advance.
Response:
Dear Mr. Xxxxxxxxx,
Yes we currently have a contract with Cotton & Western Mining Inc.
Regards,
--
Steve Ponder
Sales Manager
Valley
Equipment
Company, Inc.
Phone: 503-xxx-xxxx
Cell: 503-xxx-xxxx
Fax: 503-xxx-xxxx
Email: xxxxxxxxx@valleyequip.com
Web: www.valleyequip.com
CONFIDENTIALITY:
This e-mail and any attachments are confidential and may be privileged. If you are not a named recipient, please notify the sender immediately and do not disclose the contents to another person, use it for any purpose, or store or copy the information in any medium.
These ad hominem comments are aimed at taking our attention away from the fact that Bob's company is about to have a major break-through, and directing it to his personal life instead. Cheap trick.
That is to be expected.
Its unlikely that this is company diluting. They got all the equipment they need by now. People are taking profits. It was at 0.0002 last week, why not take 400% profit?
You are right. The risk / reward ratio is excellent at these prices.
It has been held down for too long, that's why such sharp rise. It will climb slowly from here.
Im on my iPhone :) Not as easy.
Authorized Common Shares : 6,000,000,000
Issued and Outstanding Shares : 2,308,601,980
Issued and Restricted Shares : 2,009,297,818
Issued and Free Trading Shares : 299,304,162
Issued and Free Trading Shares Held in Electronic Trade Accounts: 173,763,364, as per the Depository Trust Corporation (DTC) Report dated 07.31.2009.
Issued and Free Trading Shares not Controlled by Insiders or Friendly Shareholders, approximately: 55,000,000 - from the 7/31/09 PR omitted from 8/4/09 PR
No, the one on the bottom is from couple of months ago.
The last update on it is in the iBox.
Hell yeah it is :)
So CWRN just like any other business has some disgruntled ex-emplyees, huh?
Welcome back.
Nothing to explain. Things changed. A lot of people will make a lot of money tagging along with CWRN. You just won't be one of them, that's all.