... it's a big blue watery road ...
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You might be misinterpreting the situation just a bit.
Ask him what?
Hey, Bob, I know that CWRN didn't go through with the project in Manzanillo, are you 100% sure that everything will work this time?
Of course he is not! There is inherent risk in any new endeavor, that's part of the game, but it sure as hell looks great so far!
Also, I do not think that companies like Valley Equipment build custom-designed machinery under rush orders for leasing.
Even if the equipment was rented, why would he rent it without having the mining permits, just to look at it?
As to the lack of business success in Rio Fox, well, this sort of mishaps happens with any company. Things just don't work out sometimes, for whatever reason, this is business.
There is no connection from Rio Fox in the past to Baja today. This is a fresh new effort, with as of yet largest commitment from CWRN, there is nothing to indicate that it won't succeed.
If there are no big investors, tell me, who paid for millions of dollars worth of equipment and various governmental fees? Even if CWRN was diluting to pay for all this, they wouldn't physically be able to sell enough shares at these prices.
CWRN obviously has backing of some strong financial party.
As far as large shareholders go, my group holds a very significant number of shares. In addition, we have witnessed a lot of persistent buying in 1M blocks over the past couple of weeks, thus, in my opinion, at least one more major shareholder can be placed on record.
Wrong and wrong.
Proven with some pictures...
I think the importance of not listening to certain individual's empty words has already been discussed here.
CWRN should have a strong Monday. But, frankly, I don't even care if we won't move much, the important part here is that the company will be in full-blown production next week with first revenues following shortly after.
PPS is obviously not one of CWRN's priorities right now, but the buyback should start right after the first shipment, and the price will have no choice but to go up up up.
Not a problem! The pictures are, indeed, very promising.
Metal Bulletin Iron Ore Index for October 29th rose to $147.01/tonne. According to my calculations, that's a 22% increase since the beginning of this year. CWRN is in the right business here. Their potential profit margins are growing on their own.
My thoughts exactly. I think we might see some spike in the morning, but overall I would not expect too much from Monday, or from the entire next week for that matter. If the price will start climbing up, it will be happening at shy pace. The real catalyst here will be the news of the shipment or buyback start.
Yeah, there is no one you should ever trust on the investors message boards. Some have a strong agenda, others simply promote their bias, otherwise they simply would not be posting here.
I am biased because I am a heavily invested in CWRN, but I put my best effort into being fair in my messages and try to contribute to the conversation by posting actual DD and conclusions rather than mere spam.
Objectively, looking at the evidence we have at hand, CWRN seems to be moving in the right direction. Plus, at these prices, the money you might get out of your shares is simply not worth selling the position for.
And that is without even counting the cost of that yellow Porta-John :)
Some claim that we have seen the same sort of pictures in the past (Manzanillo, etc.) and nothing came out of it. I have looked over all of the pictures on the site, and couldn't find anything of the comparable scale. Those blue "monsters" by themselves cost around $300K each (fast Google research), let alone all the other stuff. I don't think CWRN has ever been so deeply invested in any project.
I can't believe that even with tons of visual evidence of expensive and massive equipment of site, and with the company publicly stating about its mining operations, some people still doubt the legitimacy here.
I am glad we finally broke the damn resistance at 0.0004, this could be a good sign of reversal.
So trucking starts next week. Sweet.
I still don't see it on iHub.
More Baja Production Pictures:
So I e-mailed the company telling them that I am shareholder, and asking for some more pictures of the production site. Frankly, I was not expecting much, and yet here is what was sent back to me:
Some equipment in lay down yard
Top Bench cleaned
More cleaning in the pit
Preparing waste for scalping crew
Production equipment
Production equipment
Production equipment
2,100 liter fuel tank completed in accordance with Environmental Permit regarding the containment wall
Scalping unit starting production, (This separates the loose floats from the dirt)
Cone crusher with large capacity
Jaw with large capacity
Screen with large ca pity, together with all three main crushing units
Some pre crush stockpiles of iron
Back side view of Scalping unit showing the separated materials
Scaling unit later in the day
The iBox will come alive when the company does.
Looks like it so far.
How is it bizarre?
CWRN's president is Bob, vice president is Sharon. Pan American's president is Sharon, Bob is vice president. Basically, vice versa.
Pan American is managed and controlled by Robert L. Cotton Jr. and Sharon Vazquez for and on behalf of Cotton & Western Mining, Inc. as trustees, pursuant to a corporate consent resolution and trustee contract by and between the parties. The reason Sharon is the President of PanAm is that it has to be technically controlled by a Mexican citizen to be able to conduct mining operations in the country. Though Bob retains some of the control though being the next person down the directors list.
It seems perfectly logical to me.
Had stopped as of the moment :)
Someone has been buying all along, it's just that the selling had stopped.
You got it in the wrong context. I meant making 12 grand by selling THE SAME NUMBER of shares at 0.0003, which he could have easily done considering today's buying volume or with a little PR. Instead, he chose to dump those shares at 0.0002, and make LESS MONEY. Why would someone who is diluting want to make LESS MONEY? This is completely illogical. I do not reflect upon the company's past in my reasoning, but from purely logical standpoint what is happening is not making sense.
Why 8 grand when it could have been 12 grand? Wouldn't that make an even better payday? It could have been accomplished with minimal effort, and yet Bob decided to cut 50% off of his alleged wage for today? How do you explain that?
My thoughts exactly. No news to support the dump either. If he was lying in PRs all along, he could just issue another pretty lie today and sit on the 0.0003 through the news volume, making an easy 50% more than dumping at 0.0002. Making money is the main point of dilution, isn't it, why not make more? The kind of dumping we are witnessing is counter-intuitive to dilution.
What does come to mind is Bullit's post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55550994
More specifically, the phrase "...they could let the stock sink and then buy back large blocks for small sums of money..."
Someone just sold 260 shares to paint this red. 12M buy volume, 260 shares sold...
It is so obvious that MMs are in on this, what regular person would even bother selling shares worth 8 cents? MMs are desperate to keep it down with all these buys coming in.
100% buying volume so far.
Today looked more like a big buy-in.
Everyone here maxed out about 0.002 ago to make sure they will get in right before the stock takes off :)
It did not look like a mistake to me either. It was not just one block, but many blocks of different sizes.
Last time we saw something like that was with that 0.0003 sale below the bid. It was then followed by lots and lots of selling. But today there was a lot of buying, particularly in one million blocks. Let's hope this is the sign of good things to come.
I was introduced to CWRN in October last year, so the history of CWRN that I have been a part of is only ONE year. In the course of this year, Bob was promising a lot of things regarding production, most of them did not happen on time...but ALL of them did eventually happen. He promised the permits, financing, export contract, equipment on site, and production afoot - all of this we have today. He delivered what had been promised, even if with perpetual delays. Why wouldn't I have faith in that he will eventually pull off the last step which is the actual shipment of the product?
Am I a paid pumper? A careful reader will notice that all of my posts rely on reasoning and common sense, and not on emotional appeals and logical fallacies as always witnessed in words of those with agenda.
FASTEN YOUR SEAT-BELTS,WE ARE ABOUT TO TAKE OFF!!!
GO GO GO CWRN!
THIS IS THE BOTTOM, GOING TO DA MOON NOW!!!
DOLLAR LAND SOON, STRONG BUY HERE!!!
GLTA!
:)
Everyone needs to stop freaking out about that silly video.
In the PR in was stated that the video will come out in the near future. In the newsletter that I received from the company and posted on iHub, it was promised in the following week. I assume those two texts were written by the company at different times, and whoever was writing those did not pay much attention to this timing detail. Neither should anyone here.
The video, in essence, is irrelevant. People who are repeating that the company is a diluting scam, will keep saying just that. If they were not convinced after all those pictures, showing the same pictures but at a rate of 24 per second will not convince them either. On the other hand, people who believe in CWRN, and are STILL holding their shares must have A LOT of faith in the company already, with or without the video.
If some additional evidence of production is posted - good. If not - oh well, I am holding on to my shares anyway. That's all there is to it.
It's possible, but not probable. Time will tell.
I agree that we won't see the shipment on Oct. 25. It WILL happen early in November though.
Patience.
100% buying volume today. Not a single sale. Manipulation is over?
The companies never give MMs permission to manipulate their stock. In such case, I don't even think it would be manipulation per se.
In CWRN's case, the company's focus right now is off the stock price and on getting that first shipment out. As soon as this is lined up, I am sure that it will be in CWRN's best interest to start taking care of the share price. This is exactly the reason the future buyback is being considered.
iHub user madflight has already posted this interesting article about the Port of Ensenada, the port that plays critical role in CWRN's business plan, but it disappeared for some reason. The article also discusses the emerging and improving relationship between that port and China, exactly the country where CWRN is planning to export its iron ore. Not only that, but it mentions an export candidate company that was supposed to have a meeting with China Council regarding their export project. I think that candidate company was CWRN! It seem like there are not a lot of projects around the area that are as close to the actual exporting stage as CWRN. Maybe someone should contact the company and ask if they, indeed, had a meeting with the Chinese Consul on October 7th. What do you guys think about this? Great news for CWRN, if you ask me. Thanks, madflight, for digging this up and putting it up for discussion. This is definitely something that is related to CWRN on so many levels, and even raises additional question to ask the company.
This article can be found at:
www.puertoensenada.com.mx/nota1.html
Here is the translation:
Spanish to English translation (Google Translator)
China Consul visit the Port of Ensenada
The Consul General of the Republic of China in Mexico, Shouji Gao was visiting the port of Ensenada in the interest of learning more about the port movement and the current capabilities offered by the Port, as the receipt of container ships and weekly services from the ports of China such as Qingdao, Shanghai, Ningbo, Hong Kong and Chiwan who have direct connection to Ensenada.
Gao Shouji China Consul in Tijuana, expressed his interest in working jointly with the API, to promote the Port with companies based in Asia for export of iron ore from the Port of Ensenada to China, arranging and a visit to October 7 with a candidate company. Similarly, the meeting established between the Consul and Director of the IPA agreed to strengthen the promotion with the China export companies to use more services Puerto Ensenada, a port of entry for imports from Asian countries Mexico.
The Director of the Port Authority of Ensenada, Carlos Jáuregui González received the delegation headed by the Director of COPRE Marco Navarro Steck and Gerardo Brizuela, who along with the Consul of China intend to work in coordination with institutions such as the organization of UABC Business Mandarin courses in order to offer it to those involved in customer relations, such as shipping agents, business and marketing areas of the port community.
Last Modified: Friday, September 24, 2010 at 11:30 hrs by Glenda Galarza Guerrero
Not at all. We have to thank madflight instead for digging those articles up. Great find!