... it's a big blue watery road ...
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Part of it is, indeed, intuition.
I just looked over the recent newsletter. It seems that those satellite pictures in it have coordinates on them. I am not big on this kind of data, see for yourself. Tell me if you could find those sites on the map independently.
Thanks.
This was quick. I wish CWRN was that prompt :)
Email Bob. He will tell you the location.
I am not sure you would be able to see a recent picture though, it seems like those satellite images are updated once a year or so. There, I still have my former car parked next to my house.
I think neither one of us would really be able to prove anything to the other. We got our minds set on what we believe in. I will not get tired of saying: Lets wait and see. If this time around Bob screws the shareholders over, I will take my hat off to you, and publicly admit that you were right all along. Will you do the same if CWRN starts mining?
The difference between us is that I choose to express my opinion in a respectful manner towards both the fellow iHubbers and the officers of CWRN. You, in turn, resort to name calling and speculating on other people's physical appearance, lifestyle habits, and sexual preferences. You posts are simply tasteless, and that takes away a lot of your credibility.
As to what you said, what facts exactly did you back it up with?
Thanks, Sculelos. The volume has, indeed, been miserable lately, I find it hard to believe that the company is selling shares. It does not take much to move it up or down, very thin at these levels. Waiting for more news...
I don't have to prove anything to you, surebob. You have already made a mockery out of yourself just by the way you have been expressing your opinion. It's about time I tested that Ignore Function iHub so thoughtfully provides.
Good Luck!
Surebob, you would be the last person I would share anything of value with.
I wouldn't call me "the unsuspecting" one. Before acquiring a rather significant stake in CWRN, I did my own, quite extensive, DD on the company. This research only reinforced my desire to be a part of it. I believe CWRN will succeed, You believe it won't. Only time will tell which one of us was right. Let's just wait then...
This is your opinion, and you are entitled to it. My opinion, in turn, is that the company has, indeed, been developing for quite a long time. CWRN's past performance left much to be desired. But, this is business, moreover it's pinksheets business with a great deal of inherent risks involved. Those who invested in the company during its early stages of development, have seen their investment significantly decrease in value, this possiblity should have been anticipated. But I am invested in the company NOW. And it's seems to me that NOW is a different case.
As to making assumptions of people's IQ based on their beliefs and investment intuition, well that's simply infantile.
He did, I agree. But I wouldn't go as far as calling the shares "worthless." We shall see their true value as further developments are announced.
It's kind of a weak premise for pump-and-dump. If Bob was going to pump, he would choose something stronger then the whole widening of the roads thing. As you can see, it was obviously not going to produce any "pump" effect. It was the truth, they are not mining yet, but they are certainly getting ready to.
I think the simplest explanation is that it would not be feasible to fit all of those pictures and rather long letter into a mere PR. And if, like You say, Bob reserves his PRs for only verifiable information, then we should have no doubts left as to the legitimacy of the Mexican affiliate company as it has been mentioned in nearly all of them.
Wow. You even requested a shareholder letter, examined the pictures. You are a very diligent critic. If CWRN does not intend to mine, why are they even bothering with cleaning and stripping the mine right now?
It is publicly available by request. Anyone is free to request it just like I did by sending an email to the address provided in the most recent PR.
As to the status on PinkSheets, it is only logical to assume that Bob wants to get all the real-world operations in order before he proceeds to improving CWRN's administrative aspect. When company is generating revenue, the appropriate filings will follow. It does not take that long to catch up on the PinkSheets status.
This company will generate some serious revenues. At this point, it's just the matter of time. And we are "very close."
Shareholder Letter 6/17/10
ENSENADA: BAJA CALIFORNIA, MEXICO…….
IT HAS BEEN AWHILE SINCE WE LAST POSTED A NEWS LETTER TO OUR SHAREHOLDERS.. FOR THAT I GIVE MY APOLOGIES AS THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF COTTON & WESTERN MINING, INC.
I RECEIVE MANY LETTERS FROM OUR SHAREHOLDERS, FROM ALL OVER THE WORLD; I TRY TO ANSWER THEM ALL. SOME OF YOU THAT HAVE BEEN WITH US SINCE RIO FOX (2005-06), WE GREATLY APPRECIATE YOUR BEING PART OF THE COMPANY.
THERE ARE SOME WHO WRITE AND UNDERSTAND THE DIFFICULTY IN DEVELOPING A PROJECT IN FOREIGN COUNTRIES, OTHERS WRITE AND ONLY WANT TO KNOW TWO THINGS, WHEN WILL THE SHARE PRICE GO UP AND WHEN WILL PRODUCTION START IN MEXICO.
I CAN’T GIVE YOU THE EXACT DATE, BUT I CAN SAY THAT WE ARE GETTING VERY CLOSE. ALL DOCUMENTATION HAS NOW BE COMPLETED; SHARON VAZQUEZ, OUR VICE PRESIDENT AND CORPORATE SECRETARY AS TRANSFERRED THE MINERAL MINING RIGHTS FROM HER NAME OVER TO OUR AFFILIATE MEXICAN COMPANY, PANAMERICAN MINERALS VENTURES, S.A. de C.V., OUR ENVIRONMENTAL CONSULTANT IS WORKING TO COMPLETE THE ENVIRONMENTAL PERMITTING FOR BOTH MINES, LAND-USAGE FOR BOTH MINES HAS BEEN ESTABLISHED, AN AGREEMENT HAS BEEN REACHED WITH THE EJIDO (LAND-OWNERS) FOR ACCESS AND SURFACE RIGHTS, OUR BLASTING CONTRACTOR IS IN THE PROCESS OF EXTENDING THEIR EXPLOSIVES PERMITS TO COVER BOTH MINES, WE HAVE CLEANED OFF AN AREA NEXT TO THE ROAD FOR A PROJECT OFFICE AND WILL BEGIN RE-WIDENING THE ROADS WITHIN THE NEXT WEEK AND PREPARING THE MINING SITE UNDER EXPLORATION PERMITS FOR PRODUCTION.
FROM LATE DECEMBER 2007 UNTIL NOVEMBER 2008, WE EXPLORED 22 IRON DEPOSITS IN BAJA CALIFORNIA, FROM THOSE WE WHERE ABLE TO ACQUIRE WHAT WE BELIEVE ARE THE BEST TWO IRON DEPOSITS THAT ARE WITHIN 100 KILOMETERS OF THE PACIFIC OCEAN PORT OF ENSENADA; MEETING OUR CRITERIA FOR MINE DEVELOPMENT. THE WORLD WIDE ECONOMIC SITUATION SET US BACK A FULL YEAR, THE RECOVERY OF THE METAL MINERAL MAKER WAS A WELCOME SIGHT AND NOW WE ARE BACK ON TRACK TO COMPLETE THE DEVELOPMENT AND START PRODUCTION ON THE BAJA PACIFIC IRON MINERAL MINING PROJECT.
DURING ALL THE TRAVEL AND IRON MINERAL DEPOSITS WE LOOKED AT IN BAJA, WE NEVER DID TAKE A CLOSER LOOK AT THE SOUTH SIDE OF THE RIVER ON CONCESSION BAJA NO. 14 (GUADALUPE) UNTIL RECENTLY AND WAS MOST DELIGHTED TO FIND ADDITIONAL IRON ON THE MINING LOT. THERE ARE 4 NEW ORE BODIES WITH A DEPOSIT RANGE APPROXIMATELY 1,200 METERS IN LENGTH, WE HAVE POSTED A FEW PICTURES HEREIN TOGETHER WITH A GOOGLE EARTH MAP OUTLINING THE CONCESSION BORDERS AND AREA OF IRON MINERALS.
I HOPE TO BRING YOU A LOT OF GOOD NEWS IN THE COMING WEEKS CONCERNING OUR PROGRESS IN OPENING THE GUADALUPE AND TEPUSTETE IRON DEPOSITS…
THANKING ALL OF OUR SHAREHOLDERS FOR BEING A PART OF THIS ENDEAVOR….
RESPECTFULLY,
Robert L. Cotton
ROBERT L. COTTON
PRESIDENT & C.E.O.
COTTON & WESTERN MINING, INC.
The company WILL begin mining, otherwise why would they clear the office space and widen the roads around the mine? Even if Bob still hasn't gotten the permit back, it is fairly clear how confident he is that he will get it in the nearest future. I requested a copy of the news letter, let's see what's in it.
True. Someone got a quick double in just two days.
I guess that means that CWRN is still finalizing its mining permits. I assume Mexico has one of the slowest bureaucracies out there. I have time though. This kind of potential profits is worth the wait.
Low float here.
Electric cars will rule the future.
I think there is a lot of potential here.
Seems like a nice company we got here.
It is possible that back then the process was interrupted, delayed due to engagement in another potential project, postponed due to lack of proper financing, etc. Whatever was the reason, I believe it will be this time around that Bob goes through with the permit application, call it intuition. I do not subscribe anyone else to it, but it's good enough for me.
I believe him about Mexican officials being that slow. I have a friend doing business in Mexico, corruption and procrastination on behalf of the government is something he constantly complains about. They still use wet stamps there, let alone maintaining their websites properly.
"As soon as it shows, we will post a PR with the links" - is good enough for me.
I don't think he has any problems with the buyers, he had several times posted the LOI to buy his ore signed by major Chinese steelmakers. Considering recently revived Chinese hunger for iron ore, I think we can all agree that if Bob did start mining, he would not have any problems selling the product. The permit and the equipment on site, indeed, have not been PR'ed yet, and this is exactly what we are all waiting for. The fact that the company hasn't said anything about the permit yet, does not mean there is none. Absence of evidence is not evidence of absence.
It seems, surebob, that your argument is lacking any solid premises.
The whole volume today was pure profit taking by the people who can't see the bigger picture, and yet we are back to .005... 12 millions shares sold, and someone just gobbled up all of them with not even price decrease. In my opinion, someone with big money is accumulating here. They brought up CWRN to .005 while securing the initial position, and now quietly sit on the bid waiting for those willing to part with their shares. Good sign.
I would be happy to settle around .005 until we get our May news. We should see more buyers then.
I'm trying not to look at this Level 2 - way too stressful. In fact, I am considering looking at the stock price only once, at the end of the week. I'm not interested in following all this intraday manipulation/trading/crazy fluctuations, all I care about is where the price will settle once CWRN is making money.
I think many profit-takers were waiting till Monday to see if we get some news, once they got disappointed they decided to at least capitalize on the gains we got last week.
I really do think we will be rewarded big time in a long run. As one might notice, I am not just trying to inflate the price today and be gone today. I'm still here, and I will be until we see CWRN at 50 cents a share.
This is how this stock trades at this point, there are too many people holding their shares just waiting for this kind of quick profit. It is a trading stock right now, I believe it will become an investment soon.
This recent pop wasn't grounded on anything to begin with - there was no considerable pumping on the web, no news, nothing. I think someone was aggressively accumulating, and now they are done. They will just sit on their position waiting for future developments, just like me. Whatever the price gain we take away from all this, it will be a better launching point when the news come out.
I think it had happened already a couple of months ago or so. Many of them were in very small batches, too small for the owners to go through the procedure of making them tradable.
Good closing. 20% gain in a day is a sustainble rate. As we saw, 50% attracts too many profit takers at the same time.
Also, I had my share of correspondence with Bob, and what I noticed is that he is always being overly cautious in his words. I guess he does not want to be accused of promoting trading on inside-information, which is understandable.
Right now is the right time to get in on this. Once the news we are all waiting for are out, you'll be chasing it. The float is locked in, as evidenced by the action these past 5 days.
We are all waiting for, as you say, actual proof of production and sales. It is taking some time, but it is to be expected with the project of this magnitude. The company is planning to exceed $100mil in annual revenues, these kind of numbers don't come easy, and it certainly takes time to put it all together. We should hear something concrete before the end of this month.