With all due respect, you are advocating to buy on pictures but not sell on lack of financial data is that correct? I cannot see how unverifiable pictures are considered to be evidence of anything but lack of relevant data is dismissed as a red flag? I think banks and finance companies only give money out on financial data and reports not on pictures so wh yshould a new potential sharehodler do anything differently? I notice the share PPS is already headed lower despite these new amazing pics so I would say that the majority of peeps agree with me but if you can explain how pics are worth more than actual financials then I think many of us here would be interested to know. Additionally, how does management have all of this time to supposedly take pictures but not complete their financials? Maybe they need to fire the photographe and hire a business manager unless they really have no long term consideratiosn to concern themselves with. How do we know that insiders at CWRN are not selling, I owuld love to see the insiders transactions reports but since this company tells us nothing i guess we will never know.

Like I said earlier, back in the 3's in no time. Lol....Hype dies fast whe nthe truth wins out...

Can't pay the bills on estimates, where is the revenue? Estimates are not revenue generated, they are guesses.

With all due respect, how can anyone say this will pop on some news we are about to receive when we have not received an new news in almost two years? The PR, or so-called PR, recently released did nothing but restate what we already knew and we all seen what this non-event did to the already falling share price. This company has not released any new news in almost two years so why would they now when there is nothing to report? This stock is again moving on shorty plays and will again drift down to the 3's. In my opinion, for every buyer there is a seller and i almsot wonder if hte sellers are not insiders gttign out when they can. Check out the spread, most who buy are automatically locked into this because o hte spread but insiders who got free shares for being a part of the porganization can afford to sell anywhere because it's all profit for them no matter what.I would be interested to see jsut how much insider ownership there is and what their recent tranactions are regarding this stock, just who shares are being bought and more importantly sold?

With all due respect, the equipment could be leased, or rented, we have nto see nany financail reports so your speculation is jsut guestimation but his statement is truth, there is no proof of revenue, if you have it then provide it to us all please and by proof we don't want heresay which is not credible, we want actual financial reports. In all reality, this could be some other company actually workign the mine, how do we know CWRN even has the mineral rights, or has not desperately sold them to someone else? If you can specualte that there is revenue iwthout proof then why disparage others who specualte or simply ask questions as he did?

With all due respect, again you have demonstrated the problem, nowhere does it say Bao is partners with CWRN, you have taken conjecture and turned it into potentially irresponsible speculation which does no one here any good. Additionally, I read a few posts back that based on the PR release that CWRN has huge revenue occurring, again there is no financial reporting data to back this up so again this is just hearsay, I mean if they said they are building an elevator to the moon does that mean they have a gigantic elevator in their mine field? In all reality the elevator to the moon is just as plausible as revenue being generated because we have no tangible proof to either deny nor confirm either so if they say they have revenue then I say they also have an elevator being constructed straight upwards and as many here say I am wrong then I say I am no more wrong than those who say CWRN has revenue being generated without proof in the form of audited financials. You provide your proof ( audited fins like every other business has)and then I will provide mine and until then we are even. Lastly, last week there was little shorty pop and everyone said that it was the last time to buy as it was in the low 4’s and would be going straight up from there but again this was based on irresponsible speculation and overhype and as I correctly predicted the stock settled right back in the 3’s, matter of fact it went lower that same day. In summation, the PR was no PR but merely a restatement of facts so they told us nothing we already didn’t know and speculation may fuel talking pints but it does nothing to move the PPS upward and the longer we go with no financials or new news the worse off shareholders will be. One last tidbit, no one buys because others here say they are loading up so can we all agree to just stop this form of absurd nonproductive puffery, it is boorish and impotent and does nothing but discredit legit shareholders.

With all due respect, we epxected a PR to tell us new news, who releases a PR to tell everyone what they already told us a year ago? Is that really new or anythign worth even bothering for? Kim Kardashian gives more meaningful PR releases than CWRN has the past two years. In the end, we know nothign more than we did before so the non-eventful PR was jsut a non event and the share price everyone was all gaga over early that day fell right back to where I said it would, the 3's. Additionally, we need provable audited financials, a CE removal, and corporate guidance, we cannot rely on pictures any onger and I think our demands our fair. Try taking those pictures ot a bank as collateral and see where that gets you.

With all due respect, it appeaqrs the so-called PR was digested and then spit out. Thee was a little shorty action o nthe so-called marketwatch PR but when nothing further occured selling took back over and like I predicted last week, this is back i nthe 3's. Lol, Everyone got all hyped up but once it was actually read and considered all seen that the PR was nothing more than we already did not know. When wil lsome real information be provided?

The PR was released through Marketwatch and we all know how credible Marketwatch is? The release was created by Emily Cotton, another credible source. A Cotton and Marketwatch, it must be legit. Here is the link: http://www.marketwatch.com/story/cwrn-wide-area-deep-drilling-underway-2012-04-13
AP, Yahoo News, WSJ, Bloomberg, Motley Fool, none of the legit business PR avenues even has a sniff of this story so forgive me if I don’t jump too high for joy. Anyone can basically say anything through a PR release through Marketwatch so this is really nothing more than we already didn’t know. Lol…Run with it if you want but be careful because it does not remove the CE, give us financials, or answer any real questions it just adds more fuel to the speculative fire. I still say buyer beware, this will be back in the 3's by middle of next week.
Check out this part of hte PR relase"Management has been discussing the feasibility of building a concentration plant on site with the corporation of Bao Steel Group of China, provided " did htye mean cooperation or did they really mean to say corporation in that run-on tye of sentecnce? If you are gonna give a so-called PR at least make it professionally constructed.JMO...

Temper the enthusiasm becasue unless you sold like I did earlier there is a gigantci spread and the price to buy may be high but try to sell now and you get nothing, big spread. Shorty once again creates a mciro run but in the end this will drift right back to the 3's, it is already heading that way. LOl...

I am all about selling on the way up, woot, woot, cha-ching, cashing in on the shorty express ride again. Gotta love when you can sell and make nice bank, don't want to gt caught with shares that can't be moved. I am not connected to this stock, i jsut want to make cash and i am big, big, big time. Long here means nothingto me ass I am here ot jsut pillage a little but thats alright ain't it? It takes all sorts................

With all due respect, this may be a pinkie but it is still a publicly traded company so if it does not want to answer to shareholders then it should consider buying all of the outstanding shares back and taking this company private but until this happens then shareholders do have the right to ask questions and demand answers because, although most here appear to forget, the company works for the shareholders and the shareholders in the end are the boss so they should be able to ask for financials and reports and get them provided. Additionally, this company has to operate by rules that any company has to abide by so the customary data and information should be available for this company and the fact it is not is a huge caveat. lastly, most companies, even small ones, do not correspond to stakehodlers via individual e-mail, they usually do it utilizing some form of mass communication.

With all due respect, I never seen a trade go through for that block amount but who am I to dispute claims of someone I don't know. I have heard from several others that they cannot unload their positions becasue no one is buying even close to price but who knows. Best of luck if you truly added. Several here say they have been adding but when I check the stats it does not appear so. However, we shall see, we shall see, unless you are talking financials then we most likely will never see...........

ODE to CWRN and a hope for a big rally
Lots of pictures but no real proof,
Makes people wonder if this stock is for real or in reality just a spoof,
Give us a PR, a snippet, a word,
At this time we would even take a note tied to the foot of some bird,
I am soo tired of the speculation, rumors, and innuendos and everyone asking, “What have you heard?”,
Yes it’s a pinkie but it does not have to act like a stinky,
And now there are calls saying that this company is a joke because it appears to be acting real rinky dinky,
Then you have the imposters who say they are cost averaging down,
They are easy to recognize because they have that no powder left frown,
They are the most egregious ones trying to turn this sinking ship around,
I just wish they would stop their puffery and clear out of town,
Transparent pumping only makes legit shareholders start dumping,
Then once again this stock takes a thumping,
So leave here, find a ledge, and then commence to jumping,
I don’t care if you loaded up though I doubt you really are buying,
I think it’s more that you have lost majorly and now you are just plain lying,
Your desperation is so obvious you really need to quit trying,
So in closing I ask and give CWRN management one task,
Give us some legit information, get to work, and give us a reason to tip the flask,
Please show us what’s behind the curtain and behind that Guy Fawkes mask,
We just want what’s owed to us is that too much to ask

With all due respect, I find it ironic that people here refer to smart money as dumb but I must ask, if these same people were not so-called cost averaging down then imagine how much money they would have now to buy now at these current low prices, would'nt that have been a smarter way to invest here? I mean if they had not bought shares high which are now worth a lot less then they would have more cash in hand to buy much more shares down low and ride them much higher as some say the shares will go so please don't call smart investors dumb when in reality they appear smarter becasue they stil have their original powder and a much stronger buying position than those who say they buy on the way down.I mysefl am loaded with dry powder and maybe I will load up on shares way cheaper than those who bought on previous dips and sell o nthe way up, I think that is smart money and smart investing so all here can call smart moiney dumb but I am making it big time and i hope othre CWRN sharehodlers play it right and make it like me, don't follow the herd but stand out and make it on your own, go CWRN....Go somewhere...

With all due respect, I think comparing the price of ore to the future potential of a mining company is comparing apples to oranges. I think the mirrors have broken and the smoke has dissipated, nothing left to se here. What I am struggling with is how people question those who ask about financials but ask us ot place blind faith in pictures produced from who knows where, I mean come on, seriously...The share price supports my concerns, what ammo do those in opposition to me have to support their case?

With all due respect, I have seen people give advice who have been buying on the so-called dips but they bought on the dips in the 7's, 6's, 5's, 4's and in the high 3's saying something would be announced but nothing has and the current share price reflects this so now I must ask one of them who says to have been buying the pst sevral months, what do you think now Kubs? The stock is now closer to the 2's than the 4's so please advise me of what compelled you to buy on the dips in the 7's and 6's and why anyone should consider buying anywhere near these low lows.What do you, and thos who say they are still buying, know that most hee do not? Please enlighten us because it is harder and hard to udnerstand but maybe someone here who has bought i nthe high 7's and 6's can explain to me why buying here is a good cahnce at any price. I myself never buy on the way down because it wastes good powder, I buy o nthe way up but may I jsut don't understand dips so for me, and others like me here, please explain your CWRN investment strategy.

Great points.

With all due respect, since we did not receive the PR as promised last week, and we still have no financials since the last reported over 2 years ago, and in consideration that no one from CWRN management is telling shareholders what is going on the past 9 months, I have some questions about what straws we do have to grasp at, the pictures pasted to the opening of the CWRN board room here. To begin with, the one picture states there is a BAO executive at the Bingo hole, if this is an executive then what is the executives name? I asked before but was told the man wanted to stay anonymous, when I asked then why did he lt his picture be posted I received no response so hopefully someone can answer. If his name can’t be proved then why would we assume to lend credibility to the fact someone says he is an exec? Secondly, another picture states, “Bao Steel overseeing production.” What does that mean? The statement appears to state that BAO is overseeing operations but I can’t find this anywhere else stated and btw how can this occur? I don’t think just anyone can show up on sit and be the boss can they? Please explain further. Next, I have been looking at the picture stating the “4th shipment”, did it occur? How do we have proof it occurred? Lastly, the final picture appears to be an aerial view of a CWRN site, where is aerial view provided from and who provided it so that we can verify the authenticity of the picture? I know we are all upset about the missed deadlines and lack of corporate support here but answering some of these questions could be helpful to stock investors.

Who needs financials, instead jsut give us more pictures. Or how about a picture of financials? Even better, a picture of Bob spending investors money as he enjoys Disneyland with his family and Asian buddy as they laugh it up whilst everyone here waits for some PR or snippet that is never gonna come. I smell a Maidoff here and unless omeone can prove otherwise it is the truth. Maidoff never could produce documentation to back up business, he only had phony financials and thsi smells like the same Maidoff stew cooking.

With all due respect, everything is in place for this to move upwards becasue it has fallen like a stone in the water. It can't go much lower so of course it is poised to move up but rememebr stocks are not bouncing balls, what goes down does not always bounce back up. Caveat Emptor.....

I seen that several loaded up on shares the other day saying they had dry powder and they felt strong enough to have bought in between the .0043 and .0045 amount. I wondered why they felt that accumulating is still good in case they understand something that no one else seems to, please advise me of why you think this is still a dimaond in the rough, or at least why you think it is a good buying opportunity, despite the obvious concerns. Aditionally, I'd like to know how they feel now that the stock has tanked in two days to .004 and sub levels, is this of cocnern and why do you feel this stock is still trending down despite the reasons you boguht. You must understand my cocnerns, losing %20 percent in two days would be alarming to me but if you can provide good reasons as to why you are not worried about the prompt losses and why you feel there should be no concern then maybe more people would jump in and join you, or maybe not, either many potential investors and those who may accumulate or sell would like to know the reasoning if you care to share.

Is that Bob selling? Who else has that many shares? What does it say whe nthe CEO is selling? is it uh-ooh time?

With all due respect, why tell you and not all? Why not keep everyone updated with this info if it is legit via a PR release or some other form of communication? Additionally, why are they using used equipment? This is hard work and very demanding work, most miners do not buy any used equipment for this kind of stripping and ripping?HHmmmmm??? I also find it strange that Bob is too busy to communicate with shareholders, and is supposedly in a self imposed communication blackout, but he takes time to respond to e-mails from certain unqiue individuals, whats up with that? Makes for an even bigger HHHhhhhmmmmmm... Let's just see what Friday officially brings....

With alldue respect Snoopy, I have been hearing this and that about BAO for months now and nothing has come of it. Big companies don't met for weeks on end they have business to attend to so if there was something to BAO it would have materialized. Additionally, how long can we hear about trucking and loading but never see any proof of shippign and delivery? I guess many can assault me for asking legitimate question but that is becasue I have legitimate concerns so if asking intelligent questions makes me appear oppositional, or some alterior motive type, then so be it but let CWRN management prove my concerns wrong but until then they are elgitimate concerns no matter what anyones opinion of my concerns are and i know I am not alone in this respect. I always worry abotu companies that float out pipe dreams of the future but don't take care of th realities of now and when you think about the non-PR's, no financials, and no CE remoival you see this company fits right into my concerns and if I am wrong then provide me proof from CWRN that I am. I await tommorrows PR, if it will even be provided.

With all due respect, I don’t need a history lesson, or a recap, I need to know what is being done to create shareholder value. Nothing short of providing financials and when the CE will be removed will suffice any longer. As all here know I cannot stand IMO’s and I sure don’t want an IMO from the CEO when an expected financials update, as well as corporate guidance, is expected. We don’t need any new pictures or recaps of where we have been but instead we need verifiable proof of where we are going. Additionally, there should be a detailed, and verifiable, amount of information provided regarding any and all shipping action which has occurred over the past year to date. I don’t want his words I want verifiable proof such as an official revenue statement, balance sheet, or tax statement because I remember the good old NASDAQ days where CEO’s of companies consisting of nothing more than a few chairs, empty boxes, a computer, a phone, and a fax machine had people thinking they invested in a multi-national multi-million dollar company when in reality it was nothing more than a boiler room special, and these companies had chat rooms, pictures posted on blogs, and investor discussion boards so I need proof that CWRN is not in this league but in a legitimate state of business operations. I don’t think that is too much to ask for when we have wait soo long. This all needs to be provided by Friday morning or the concerns many have about CWRN will be recognized.

Now. .0036 and trending down, if everyone was gonna buy in the 3’s like they said they would if it fell beneath the 4’s then why isn’t their resistance to lower pricing? Additionally, if so many were going to buy all they could at anything under 4’s then why isn’t there a base, or some level of support? Hmm, now some are saying no PR Friday, but maybe Monday, sorry no more revisionists’ history, CWRN needs to provide a significant PR on Friday as said or they will risk losing their status as legitimate, if they still have it. People keep saying CWRN is an unfound gem that needs to be discovered, well how can anyone discover it if there is a so-called communication blackout in affect?, which by the way sounds more absurd by the day, who ever heard of a CEO saying he was taking his company dark but not to worry and invest anyways? The PR could provide so many answers but not providing one may tell us even more about what is really occurring with CWRN.

We shall see by Friday kag, either way we shall see.

Sources tell me that without any significant PR release by Friday as expected that even the shorty's will avoid this stock as it tumbles to a more profitable level for them to buy back on and profit from. I guess for all the regs here who have been trumpeting a PR release we shall see by Friday afternoon if they are correct or if this is just one more promise that never gets fulfilled. CWRN, and Bob, have a chance ot save the stock price, let's see if they step up and deliver a significant PR by Friday afternoon, if not then who knows where the bottom of this will drop to. Best of luck to long and recent hodlers of CWRN, let's see what happens on or before Friday.

Now here is a mind blower, I agree with both Niz and Kag, but I also state that the PR must be accompanied by financials or else how else can what is being said in the PR be verified? If Bob tells us shipments occured and revenue earned how will we know that without accompanying documents? Additionally, if this company is truly on the up and up as everyone says then why haven't they provided financials? Now before the usuals jump out and say it's because they don't have to, well I understand that but they should and that is why this stock is trending down lately because this company is not doing anything that a failing company does. Companies that tank and go out of business refuse to provide financials, get the CE removals addressed, fai lto provideee timely and meaningful PR's, and fail to provide corporate direction so sure they don't have to provide financials but I beleive they should if they want to demonstrate they are legit.

If Friday comes and goes with no PR I bet this stock will really tank. Without any reporting or financial documents who can blame the sellers?

With all due respect its easy to be honest whe nyou don't say anything...Michael Jordan says you msis 100% of the shots you don't take and his CEO has not even gotten off the bench so how can anyone say he is honest when he has said nothing the past several months. Let's have him provide us some inforamtion then let the facts judge his honesty...

Ooh piles of iron ore please tell me you are being shipped,
We need to hear this from you to assure the stockholders we are not being ripped,
I know what you will say why bother you,
But it’s because no one from CWRN management has provided us a clue,
We have some pictures but don’t know of even who they are,
And we don’t know if there from mines around her or afar,
Now I normally most businesses report,
But this one is different they say the ball is in their court,
And now there is fear that the only buying here is being done by a short,
So if you could just tell us we could all relax,
I mean we don’t know if they are making any revenue or incurring even a business tax,
I have never seen management reporting soo lax,
I just wonder if this company has real assets or is it two boxes a computer and a fax,
Soo many questions and not any answers,
I don’t know if those poles are for drilling or Mexican dancers,
Just give us a PR a Report or even some kind of direction,
But until you do this we will all be performing further inspection,
See we have heard something is coming for farr too long,
It’s time to provide and quit giving us another song,
Ooh pile of ore help prove that Bob Cotton is not doing share holders here wrong

Ooh CWRN management how we long for your reports,
I hope you deliver as promised and we all don’t end trying to recover from you in bankruptcy courts,
You promised a PR but we have seen a thing,
But you did provide us pictures of you and Chow Ming,
But seriously what is the deal,
Are you really mining ore or just plain steel,
Throw us a crumb if you can’t produce us a meal,
Audited fins would be nice but on a PR release we would settle,
I mean the lack of reporting has the pot now calling out the kettle,
We only want some legit reports from the biz we don’t want to meddle,
So heed your shareholders call,
Give us just one thing like a report, a PR, or be really generous and give us all,
But don’t leave us just hanging out here holding the ball,
Prove to us you are legit and our faith will not stall,
And the share price will no longer fall,
What say ye, what say y’all?

Nice pictures but meaningless to the overall share value as displayed by the falling share price again. How about less pictures and more real financial data and business forms? I hear so much about buybacks, deals, potential buyouts, drilling, mining, shipping and yet I see nothing of any real relevance in regards to investment and investing. I enjoy seeing ;ictures of vacations and trips but in regards to investments i want to see balance sheets, revenue statements, and financials nad i guess by the looks of the shar prices so do others so you guys can enjoy lookign at these pictures between yourselves but they are doing nothingto convince new money to buy or even old money to stay around as again displayed by the falling share price.

There is a new sheriff in town fellas and his name is CWRN shorty and right now he is calling all of the action. How else do you explain this almost dropping to the 3's yesterday then crawling back up a little as shorty sellssome more. However, shorty has almsot unloaded his revolver and when he closes up shop and takes his card game with him you better not be left holding any chips becasaue there will be no where to cash them in, don't think I am right then read thelast few weeks posts and correlate them to the stock price, sherrif shorty runs this town now and you best stay fleet footed lest you get caught flat footed.

When shorty jumps out you see what happens to the price and volume, the only action hee lately has been shorty action and once this goes who knows where the bottom may fall. I guess we will never se the PR, fins, CE removal, etc...al...Maybe we never were supposed to....Hmmmm.

With all due respect, I was suspicious and doubting about the future of CWRN but several follow up posters have advised me that a PR is coming soon, and that there is a ton of ore being loaded somewhere, and that soon all questions will be answered within the next few weeks, so with all that being said, in addition to the questionable looking pictures of these dubious looking people, whoever they are, on site, I say throw common sense out the door and join those who say not to worry all will be well and good. I have read here that this stock should be about %5000 percent higher than its current value and who can argue with that? Now I know some of you doubters will say, “Hey there are no financials, no corporate guidance, no balance sheets or revenue statements, and no proven exporting permit, and additionally a CE is in place.” However, to them, I say I was just like you at one time but now I have seen the light and bet it all on what these peeps tell me is the truth being told….So many here have told me that the communication blackout is a good thing and that I was too hardheaded to see it but when I let go of my common sense, family obligations, and social responsibility then it all makes sense so I figured why not join in on the CWRN party? It is normal to be concerned about the lack of reporting, financials, and business governance occurring in relation to CWRN but just read through some of these posts, with soo much positivity how can you resist? Maidoff, Ponzi, Dykstra, they all told people to throw caution to the wind and look at the money that changed hands with their choices, why not have the same occur here?

You have won me over and I will throw caution to the wind, I don't care anymore about the lack of institutional control here I am going to assume the mantra of buy, buy, and buy, buya ll you can and forget about the truths about this company, consider the specualtion and potential, you have won ,me back into the accumulators mode. I will abandon reason and jsut follow your direction. Thanks..............I love the pictures regardless of who that ,may be i nthem or where they are actually at, this makes me want to buy, buy, and buy....I am all aboard..Let's take this to the moon and then some....

With all due respect, how can anyone connect the dots when no lines have been drawn between them? To say we have shipped when there is no revenue statement to prove it is blind faith most investors won’t provide? To say that there are pictures of mining occurring when three aren’t pictures of ore being loaded on a boat is perplexing, where are the pictures? To provide the name of a steel company who is potentially looking at buying this company but not the names of the companies CWRN has sold ore to makes me say hmmm, where are the names of the customers who have bought? If peeps can lay soo much credibility on pictures then why aren’t there any pictures of the ore at a dock that shows a distinct location that can be verified? Why aren’t there pictures of a boat with a name on it so we can verify? We have been promised a lot but received little, if nothing. A promised PR has never been provided, no corporate guidance, and now people say to trust pictures of which we do not know the origin and actual location of, that is a leap of faith I struggle with especially considering the lack of corporate reporting here. Lastly, some here have said a falling share price is great but isn’t the point of investing to increase your money? If so, then how an a falling price ever be good? Your reply is appreciated but it raises many questions for me as a legitimate investor.