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MORE SPECULATION!?!? BAO visited the mine, we all know that. We also all know that there has been no contract signed with them.
Followed by more speculation with no proof....
these large chinese steelmakers like Bao Steel are buying or JV'ing w everybody they can-so when I see them invest so much time in CWRN that makes me think JV or partial buyout-they've been buying CWRN ore-last PR mentioned 1 type of possible JV w Bao-Bao has been testing CWRN's ore as reported from these deeper drill holes
Those with ears to Bob's mouth are the ones who always look on the bright side instead of the facts because they think they have an 'in'. They don't realize that Bob is doing that only to suit himself and disseminate the info he wants to seem like insider info. He'd PR anything important if he had anything - hell, he'd profit big time if the sp went up being the top sharehoder - but he needs speculation to cover for the lack of real news or progress. That part he leaves to his minions.
yes it is inside "hints" from allegedly bob himself who only disseminates information to a privy few...thats what keeps them holding on
Did I miss that shareholder meeting? Oh wait, we never got notice cause zero has happened since this PR in may 2011. thanks for reminding us Micro.
Great post, except no where does Bob actually mention in that message that he has or will sell any of it. What is the hold up? Where is the REAL proof of production - and I don't mean pictures of dirt - I mean A PR OF REVENUE from these claims.
Not judging by today's volume, 11:15am and zero volume so far. I think that shows the confidence in buying and holding at this point in time. Bob should have fixed at least ONE THING in over a year, yet every single thing is still outstand, as is shipping now which he at least managed to do twice last year.
Still an awesome price for buying and holding - time is the key here.
Are you suggesting that the .pk drop somehow has anything to do with CWRN whatsoever? It was done across the board to all .pk stocks.
Full reporting was promised about 2years ago. Not only has it not happened, Bob has stopped talking about it in PR's since last year, so don't hold your breath that it will happen any time soon, or even at all.
True,we are gong to be fully reporting,when the time is right.The elimination of the "PK" is a non-event,just as the CE is.What is important,is the daily progress at the mine,along with the 26 pieces of working equipment we have.The time frame for the uplisting is getting short,we are about to sell 200mts of material,that may well create a situation where major changes will take place,we will see!!!!!
Wrong. .pk was dropped from ALL stocks 2 days ago.
cwrn dropped the pk,,we going fully reporting,sweet if true $$$$
Quick buck? No one but Bob had promised all of these things back since March 2011. It would be one thing if there was speculation and shareholders ASKING for this stuff, but BOB is the one who came out with it over a year ago. So again, no one has made a quick buck nor is the complaints due to the fact that there isn't a quick turnaround - it's been well over a year for all of these failed promises.
Some day in the near future, all I can tell you is that a CE has not stoped CWRN for growing and it is not going to stop it, any way I am long and dont really care too much about tne daily games that are played day by day. Bob is playing his cards well ,first develop the mine. , after release financials and take care of CE, it may take few more mothsbut we will get there, but if you are looking for a quick buck, it is not going to be that quick but it will worth the wait.
GO CWRN LONG $&$ STRONG
Pictures for CWRN are no longer worth 1,000 words. Haven't you noticed the sentiment here? Words from Bob is what is needed at this point, not more pictures with nothing to back them up in revenue.
Exactly. No PR...Nothing saying anything about the magical shipments that supposedly happened since Nov. either, but people still keep saying it happened - why weren't they PR'ed?? And BAO - don't even get me started. There is a constant implication that we are making money because Bob had them down to the mine for drinks. 'These guys don't just go to every mine, they are big boys' is what keeps getting said - except the fact that this is their job to scout prospects. That doesn't mean after being there we are a good one. When you look at the facts we have from PR's, it's not a pretty picture right now, which is why we get pictures of dirt instead. Facts. Everything else is speculation, fictional dreaming, and an effort to keep things positive. I'm all for the level field on sentiment, but right now, Bob has left shareholders with nothing to confident in.
WHO DID BOB REPORT THIS TO, NO PR.
Looks like .004's are a distant memory. Maybe next week 003's will be a memory too. Sad state of affairs. Great plan Bob.
Neither, my oppinion is my own and it was simply stated out loud. Take it or leave it, I am offering nothing and it is for you to decide what risk is acceptable to you and your investment as I will do with my own.
That said, are you here to save us or to try the seeds of discontent?
So we should just forget the timelines and promises he made then? You are saying it's OK to lie to your shareholders and/or mislead them? Just making sure I understand you correctly. These things weren't asked for before BOB put a timeline out there for each item. Get them facts straight.
Those complaining about no financials and no uplisting should probably sell their shares and move on. Bob has obviously decided that he wants the operations side of the business to reach a certain point before submitting financial information to the SEC. He has no reason to rush the financials, because the company is still in a very young stage of mining operations. Mining startups are slow-moving business ventures. Sometimes they fail, sometimes they are hugely successful. You either see the future potential and believe in the company's ability to pull it off, or you don't. Complaining about financials on this forum is a waste of space and everybody's time to sift through all the garbage.
I still find it amazing the people who stick up for the way this company is managed. It used to be an aww shucks thats cute, now it's just hilarious. I wonder where we will be by summers end if the 5% per day downward trend continues - delisted? Who will cheer for Bob and try to spin it as 'a good thing' then? Truth is, Bob is barely afloat. That's why there is no news. New equip is not owned by the company and it's just barely helping pay the bills. One mistake and this company will be insolvent. That's what everything is pointing to imo.
That would be the sensible thing to do, but then again so would shipping ore instead of waiting for who knows what.
The next time this will rise will be based on when Bob's coffer is low and he needs to refill for his personal wealth. At that point, his hand will be forced and he'll have to make due on at least one promise out of the 5-10 outstanding ones. Either way, Bob wins and in the mean time, we lose. Clearly, shareholders don't matter to him, going public was just a way to raise capital to enrich himself in the end. Pretty smart so far, and if the SEC comes knockin, he's in mexico. Very convienent. I regret ever buying into this scheme, too bad I'm so heavily invested right now. Of course, I could dump all of my shares and really tank the sp. Wonder if bob would take notice then, probably not, he'd send me a picture of a pile of dirt. ha
.Isn't it time that bob give the stock holders an update via the official way , an give us a timeline what to expext for the near term future.(f.i Ce removal stock buy back uplisting)
Excellent summary!
lack of buyers. Lack of financial info from company, lacking...its just lacking. Same story for months, years, I have a feeling if there was ANY good news bob would post it. Instead you get pictures of mining and shipping without any HARD FACTs to support how much debt/profit the company has.
With an utter lack of responsibility to shareholders, our lazy CEO is killing this company. His koolaid drinkers always point to some phantom market manipulator and forces out of our control. Meanwhile, the things that are in our control, like the fins, CE/Uplising, buyback, actually SELL ORE and COLLECTING REVENUE, these things continue to go by the wayside. '3rd shipment imminent!!' ::laugh::
Those pesky market phantoms..they really are killing the sp you know. LOL
Is that what we are calling it these days? I have a confirmed connection with Lamborghini because I have pictures with one and I discussed buying one. No contract though, and no obligation by either side. Get it? This is what Bob did at his last tenure too.
That's funny. Bob can't even produce now, but he's going to ship into high gear if the market and economy dictate it nessisary? LOL. How about getting into high gear with the fins, uplisting/CE removal, buyback, etc etc etc. Bob has one speed - very very very slow.
The great thing about CWRN is that it can react a lot quicker than a BHP. If tomorrow the Chinese economy magically recovers it will take us a lot less time to get to high gear..
What an ugly day. Is there any light at the end of the tunnel? Hey Bob, where are those fins? That's about the only hole we need you to get something out of right now while the rest of us are taking a bath here.
My vote for best post of the year was when someone asked why Bob can't turn the camera on to the financials and send out pictures of them instead of dirt piles. Maybe a board poll is in order? LOL
POST OF THE YEAR AWARD WINNER - grajekk!!! Even if it's only April
BINGO... And not the dog. We are in freefall at this point.
I've asked him a lot of things, he never responds because they are tough questions that he doesn't want to answer. JohnCM said he emailed the other day for some info and had not heard back either. Good communication Bob has, back channels when he wants to mainpulate and no PR which would destroy sp.
I'm sure we can get more pics of dirt though if you ask. You know, more of the same.
Bob not willing? lol Have you asked him yet? Okay then.. Get back when he responds to you.. Go CWRN
So I ask again, why is it that for shipments he PR'ed, he was able to get pictures taken, but he's not willing or able to do the same thing now? I don't care whether it was always forbidden, he did it before for both PR'ed shipments. You guys are claiming there have been more shipments that haven't been PR'ed, yet, no pictures. Don't you find that odd? Seriously, don't you atleast wonder at all?
This is an email from Bob back in JULY. Everyone knows that getting pictures are not allowed, so still suggesting it is something new to spin the facts is silly, imo..
Quote:
--------------------------------------------------------------------------------
TO:
vxxxxv
Message flagged Monday, July 25, 2011 6:27 PM
I just now got home from the mine, took a few shots today.. No I have not been to the port, don't have time, its a pain in the ass go in there, have to have a letter and sneak pictures as they are not allowed anyway.... There is a 36 hour window on the 31st and a 71 hour window on the 4th.. we can't load it on the 31st, because it has to be cleaned and inspected, so maybe we get 24 to 27 hours on the first move in? Have fun in the sSun... LOL.. Bob Cotton
We know it has sat there for months on end from previous PR's and your cherished emails from Bob. What's to say it's not still sitting there? Remember the claim that there is charge for it to sit there as long as Bob wants? Looks like it probably is. The rest of it just keeps getting moved to the laydown etc on site.
Either way, it hasn't moved to a ship, and that's all that really matters, right?
Let me see,ore is trucked to port,but it won't be shipped???Maybe the port is going to use the ore to add to the strength of the road,by adding it to some blacktop,or maybe it will be shipped??.....How about the port installing furnaces and using them to make steel out of the ore,to use in the construction of new buildings nearby,or maybe it will be shipped??Could be the port will have the ore trucked to some other location,and pocket the proceeds,or maybe it will be shipped??Gee,such a dilemma,can't figure out what will happen to that ore. :)
Just like months ago, this is great, but only if it really does ship. It's what I've been saying all along, if it never gets loaded on a boat, it's just wishful thinking.
A 50,000 ton shipment is worth $400,000+ more today, than it was one month ago.. That will cover some fuel costs!!! LOL!
MBIO62 is up another $.29 today. The index has be up something like 22 of the last 25 days since the projections report at the beginning of March of a downtrend in Chinese buying. Kinda hope the folks who said we weren't shipping back then were right, and the 2 ships that just pulled into Ensenada came in for our ore.. It would be frosting on the cake.. An extra $400,000 would pay for most of that refurbished trommel I'll bet. And Bob is gonna have to order more ships or a train or something, once that thing is set up and running! I love when a plan comes together!!!
Two shipments, two sets of photos from them. You're telling me that I'm supposed to believe that he couldn't hip shot one or two photos this time, the time(s) when un-PR'ed shipments supposedly went out? And I'm not supposed to question that and think it's convienient and terribly fishy that there aren't photos? That's some tough faith in a guy who doesn't really deserve it yet.
Port has always forbidden photos.
One iHubber worked on a boat there & posted photos from offshore, last year.
Agreed. So the question is, why is he waiting?
1. 'Quiet period' no longer applies per an email posted on this forum saying BAO wasn't going to do a contract with CWRN in the near future.
2. With all the talk of new shipments and money being made, you'd think he'd want to PR that if it were true.
So why hold off? Wait and see - this will be where others say we are lucky to get PR's once a year, and pictures because other miners don't even give that. There is always an excuse for this CEO out of the gang. I've stateted many times that I'm long here, but that doesn't mean I blindly follow and don't ask the tough questions.
Bob MUST know a PR is due and highly anticipated.
What 'developments'? The imminent shipment PR'ed in the last PR we received in Novemember - 5 months ago? Wow, that's some serious developments.
No wonder why we were .0001 off from 52 week low yesterday, these 'developments' you talk about are really helping out the sp. LOL
But the "smart money" wants total transparency because even they believe these developments are too good to be true
August 8th was the last time we got news stating that there was a payment. Think about that for a second - August 8th. 8 months ago.
How do you rationalize this? How do you sleep at night knowing that our CEO is so lazy, he can't take ore that he already has piled up and make it leave to get payment?
So, again I ask, where are the pics OUTSIDE THE PORT FENCE since all of a sudden pics aren't allowed to be take inside the port for these un-PR'ed shipments that Bob has you all stoked about from back channel emails. Where are the pics of the trucks with ore rolling through the fence with date stamps marked in 2012?
For the record, weve seen pictures of MOVING trucks kicking up dirt full of ore on a road....thatd be a risky manuever... And weve had pictures of guys standing outside their trucks with the doors open waiting.
Only .0001 off from the 52w low. Will Bob speak and stop the carnage, or will we set a new low before the bell, or by tomorrow afternoon?
Step up to the mic Bob. Tell us what you've been doing with our money in a public form instead of the pics none of us care about anymore. Speak to all, or even SOME of the previously PR'ed promises from 2011.
What indication? A few pics every so often so Bob can show something? You know, I've never seen anyone in that equipment in the pics, especially the trucks.
Bob refuses to come out in public and let people know what is going on, because the secret is that there is nothing going on. If there were, why not step up after almost 5 months and PR it? Isn't it in his best interest as the majority shareholder to have the sp go up? Hint: it's because when he does PR and there is nothing doing, his shares will drop too. He's lazy. It's clear in everything he does and the way he acts. Truely a shame too, cause we do have a good thing, he just has no drive to really do much about it except try to sell it at some point and move on to the next 'project' till he retires with a chunk of shareholder change.
Yes, I agree with you on the PR part. That would indeed be great. I highly doubt the buyback part though. There has been way to low of volume, and it looks like any money laying around is going into operations and equipment purchases. Buyback is the last thing that will happen imo.
Could you just imagine though what a good meaty PR would do to this stock? I mean that's what's keeping us all around right? Just a few things that are supposedly in the works or done and we will be in outstanding shape. Even if fins came out and they were bad, if the stock just got cleaned up (CE and chill removal) so more people could trade the damned thing we would be in fantastic shape!
I kinda think (and hope) this might be Bob's way of keeping share price down so he can get the best deal on the previously promissed buy back. If that's the case it's having the desired affect for sure.
Bob never replies to me, I ask questions that he doesn't want to answer. You are the picture guy, what else do you have? Pics of the trucks? Pics of the trucks at the gate at the port (which should be perfectly fine)? lets up the ante. Show me, cause I believe it's all nonsense at this point while everyone else is dreaming of icecream and lollypops.
Lol.. Let me know what Bob says will you if you email him on the photos of the port?
No, you are being misleading because, yes, you're right! After looking back at the casual pics of Bob and Sharon (so someone ELSE took the phots) from the last shipments, they look really covert and james bond like! LOL all the way to the bank on that one. They couldn't look more relaxed like it was totally allowed.
You are really trying hard to gloss over the truths.
The port has never allowed photos to be taken,this is not something new,we were lucky enough to get a few,and the only reason for that was because someone was willing to do a "James Bond" 007 undercover assignment.Those are only past events,which don't have any relationship to the current events,as pictures of shipping are not as good as proof of the actual sale of ore,which we have seen,so any shipping is only logical,because the ore is not going to be stored at the port,it is there to be shipped,like any other commodity that is trucked to the port......class dismissed!
Seriously? Lets look at the 'truths' others are spreading now:
1. There have been 2 more shipments that haven't been PR'ed.
2. We received money from those shipments, also not PR'ed.
3. For these shipments, pictures weren't allowed at the pier or boat.
4. Take our word for it.
That's hillarious.
Whats so hard about the truth? Has anyone asked for photos of the Pier lately? I haven't. Maybe you could email the company and see what you get in return.. lol
Where is the proof of this? There has been no PR with revenue information since the last shipments payment back in August. This is speculation at best since as you point out, you don't even know who the supposed buyer was.
As I've noted many times CWRN got paid in DEC for 3rd and 4th orders-probably by Bao -who had an interest in CWRN ramping up new production via new machinery -which we keep seeing in the pics-
The company will be merging into a new mining company that will be involved with several other iron ore mining projects and will be an SEC reporting company listed on the OTC:QB; this process shall take some time and will require shareholder's voting approval. A Shareholders meeting will be held, all shareholders of record will be given a 45 day written notice of the time and place of the meeting. A news release will also be issued with the Shareholders notice.