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Fidelity shows the same thing.
Rocketman, with Fidelity trade cwrn on your margin account. Your not supposed to, but if funds are waiting to clear, they will do it, then in three days call and ask them to make a journal entry to move cwrn to your cash account.
Would some one please crunch the numbers based on 12 shipments per quarter, $100 ton profit, and an average mining P/E ratio of 33. With 1.2 bio O/S shares affter buy back. Thanks
OK Bobcat, try to follow my reasoning here.
It has already been stated in PRs that the company would be making money at $47/ton.
With spot @185/ton with a 10% discount, $167/ton gross.
Lets assume $47/ton operational expense
That leaves $120/ton profit.
In 12 months, production will be ramped up.
Lets say 1 shipment a week with about 10% less for weather.
48 shipments a year.
75,000tons X 120/ton PROFIT X 48 = $432,000,000 profit!
Now we have 3 bil shares out. With a 60% buy back that will leave
1.2 bil O/S.
Thats $.36/share earnings.
The average P/E ratio for mining stocks as stated in a previous post is 33.
Assuming, a less than average, 21.58 P/E ratio, We end up with a share price of:
$7.77 JACKPOT!!!!!!GO CWRN!!!!!!
PATIENCE GRASSHOPPER.
Temekus been there. She drove down from Phoenix..
Shorts gotta cover! Long weekend. They will be so busted if there is news this weekend!
Those that did the drive by r being quiet and accumulating.JMHO
Seems to me we've got some short players here. They need to cover before EOD. Too much can happen in 3 days. I don't believe the market is open monday.
Excellent. I'm all in.
SOMEBODYS GONNA GET A BLESSING!
SOMEBODYS GONNA GET FREE!
SOMEBODYS GONNA GET EVERYTHING!
IT MIGHT AS WELL BE ME!
BUY BUY BUY
GO CWRN!
My first back-of-the-envelope optimistic valuation was$2.15, the second $2.60/ share. If all longs notified their brokers not to loan shares or priced to sell at 12-14 month out valuations, then shorts would be screw'd.
When Bob has time to check his P.O.Box be will see govt notice showing expired license, sign on the dotted line, send in a check for fifty bucks(?) And voila! A new license will be issued. No problem.
A beautiful picture! The posters her blow me away. As a small business owner, these guys just don't understand how much government cr@p you have to file just to stay up to date. This is a pinky and when the $ starts rolling in, Katie-bar-the-doors! All longs put in a sell for $2.00 plus. IMO this will prevent MM FROM BORROWING AND SHORTING OUR SHARES! JMHO.
THANK YOU! THANK YOU! THANK YOU!
S- This mine is just getting started. The First revenues are coming this quarter. This is not a blue chip w/earnings, its a pinky. Buy now, while its cheap and enjoy the ride when the first shipment blasts' us to the moon!
I bought in back in December and the stop sign was there. Thats why it was sub-pennies. This will all go away when every thing is filed, per company PR in April. Just load up and enjoy the ride, its going to be HUGE!!!!
Adding to my position.
Lovin it! Thank you IRON MAN!!!!!
Clay, CWRN follow up please. Going ballistic!
Buy more. Load the boat!
ITDM. Love your numbers. I believe a growing company ramps up production over the course of time and with ore pricing steadily rising, $100/ton profit is not out of the question. Also in 12 months time, with the the capacity we have, no reason to believe we could not do a shipment per week.
John, how about this. We ship 1 load a week by the fourth quarter on a Panamax(75,000 tons) w/a $100 ton profit. Foward looking 52 weeks, thats $390,000,000 profit. Now, the market knows by this time CWRN is a growing Mining co and with a P/E of 20, (some mines are high as 55), and 3bill O/S, puts the share price in the neighborhood of $2.60/share. This is doable in 12 - 14 months.
I have helped in-laws and friends open 4 accounts w/etrade in the last 2 days. We used our local bank to wire money and were able to trade within an hour on all the accounts. Everybody is a winner and loving the run. GO CWRN!!!!!!
"STAY THIRSTY MY FRIENDS" CAN'T WAIT TO MEET THE "IRONMAN". tHE FIRST DOS EQUIS' ON ME!
CWRN PLEASE!!!!
Thats CHA-CHING, CHA-CHING!!!!
We got our three soldiers now. Nowhere but up!
And a Legendary month for all CWRN'ers!!!
Are we not shipping FOB Ensenada, and therefore getting paid as soonas the ship is loaded?
Rocket man and Killswitch thanks for the charts and technicals.
Re: the Word that would be "CHA-CHING"
cwrn
Killswitch, what do you think?, Increasing revenues every quarter, say twice the production by the 4th qtr coupled with ever increasing P/E ratio to reflect growth curve, $2.00-$2.15 in 12 to 14 months.
Short sales trending down?
This is Bobs email.
[img]http://img829.imageshack.us/img829/1926/cwrnl.jpg
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Nope. Just trying to figure out OS. We know 6bil authorized. Last PR reference to OS put the number at 3bil. With the family controling 2.3bil that leaves 700mil float. Providing no additional authorized shares have been sold.
Re: reply from Bob to an email. they control 2.3bil shares.
Temeku, I know u can post daily volume showing short %, but is there a source for TOTAL short position?
Is there a source for current TOTAL outstanding short sales?