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I truly find that hard to believe.
last year, Ashley was the greatest thing since sliced bread.
What happened? The mine was the largest in the world. What happened?
The company had backers that could raise billions upon billions. What happened?
except ole Bobby had to crush and crush and crush again until the ore was dust to even make it low grade ore....remember the super super fines ( aka dust)? Remember he had to load the ore with a modified dust pan? Yup, CWRN was going to beat Vale or Rio Tinto on price
even at 50, CWRN's cost is still below that price.
a crook calling somebody else a crook...that's a classic
Sure, until the price goes down just a quickly.
have you not seen the price of iron ore these days?
grades too low? no more reserves? trucking and transportation cost too high? no market?
Actually, interested in what ole Bobby is doing next so that we can have another 100K postings on the iron ore business...and you?
Vale ain't doing too well right now
can you survive another decade?
I don't think he really cares
the chances of shipping ore will not happen for a long, long time, if ever.Time to let go and accept the losses
or that the "ore " is high grade
Beyond that, everything "ore" is relevant regarding price...
do you have any info to prove it?
probably bought a nice fishing boat ( like the one in your pic) with funds from shareholders and having the time of his life
to some people here, ole Bobby is still God and can do no wrong
How do you reproduce a cat 375?
Do you think ole Bobby is the only person in the world capable of buying used equipment? Buying used is nothing new.
45 was the cost of shipping. You need to read the pr carefully and try to understand ole Bobby's version of english
How does one get production cost below 10 when you see picture after picture of ole Bobby crushing the rocks to dust? And that just to get get the ore to a passable grade for sale.
not if you have to go underground or drilling or finding the vein
according to some here, ole Bobby could mine and deliver for a much lower cost than the big 4 and they consider this mine the lowest cost producer in the world
That chart you posted is way out of date and most of those companies are no longer in business, never got into business or lied about their cost
Did it ever occur to you that other than the big three of iron ore miners, the cost of production of the junior iron ore miners ( at least 5 million tons/year) is 40 dollars a ton?
With ole Bobby, who did seem to crush this ore to dust and then some, cost is much, much higher.
Unless iron ore gets north of 3 figures. this stock is dead as a door nail.
he doesn't realize there is something called inflation, increase in wages or crude that was 18 dollars at that time. Ole Bobby can do no wrong according to him
ole Bobby was trying to sell CFR in the 70's in...wait for this....2005.
Of course he shipped....wait for this...NOTHING and left Manzanillo shortly thereafter...in the middle of the night
Ok, how is ole Bobby doing in Acapulco?
Can somebody go down and see if there is equipment there or how many people on site or how much copper or gold in them ores?
This will always get shareholders going
It will help Americans vacationing in Mexico, but not CWRN.
This stock is dead as a door nail
The CWRN shareholders have only hope left.
OR....the company is dead
sure it will. Just like the port will be upgraded just for ole Bobby, just like Punta Colonet port will be built for ole Bobby, just like Bao Steel building a pellet plant for ole Bobby and on and on and on.
Could you write a novel on this caper and option it
into a movie?
Any suggestions on the title?
Who will play Bob? Gary Busey?
Who will play Sharon many names? Kim ( I didn't know a pickle was a cucumber ) Kardashian?
Who will play the ever mysterious Pesquero? Brad himself?
Where is Sharon many names to defend and stand by her man?
How does ole Bobby get to stay in Acapulco when he has a criminal record?
what does that have to do w the fact that this was an operational mine-many mines contract the shipping process out.....that means you don't legally own the ore anymore if it was sold at the mine or at the port.
...not over the rail, under the rail or in between the rail. That means ole Bobby cannot claim revenue as a delivered product when it was sold FOB. That also means at the mine or FOB will be sold at a much lower price...value added.
It was sold at the mine because ole Bobby ran out of money or scammed it. Nobody would give him any credit.
What is your proof that the equipment was owned and not rented...because other people said so?
Kinda like the "fert" story?
Kinda like Sharon was the wife and has a university degree?
Kinda like the silver and gold has some value?
Kinda like the iron ore is high grade?
Somebody is still shipping from Manzaillo...not sure who that is.
Maybe Arcelor.
Did they really have a chance?
Ole bobby had a chance in Manzanillo. Many have succeeded after him.
I will have the same brain freeze about investing in Vale .....
or posting pictures of "RENTED" equipment or about when the next ship will come in.
There already is a steel mill in Manzanillo owned by Arcelor.
They have the iron ore needed to sustain the steel mill for the long term. They also have the logistics.
What does Baja have?
1)A crappy port that uses large dust pans to load and unload iron ore
2) Where is the electricity coming from? And I mean a lot of it to sustain a steel mill. Baja is pretty isolated
3) Are you sure there is enough iron ore?
4) Where is the coal coming from?
5) Skilled labor? Are you going to hire fisherman?
6) A pellet plant will cost...about a billion dollars with no indication there is enough iron ore.
7) Who will buy the pellets? Not many steel mills on the west coast of North America.
If you want steel, just buy from Arcelor in Manzanillo or import it from China...it will be cheaper
more than likely, these people cannot face the reality of CWRN.
iron ore is back down to the low 52 today. Not looking good at all
LET'S MAKE A DEAL?...buy the very low grade iron ore in China, send it back to the USA and make hundreds of dollars per ton.....because ole Bobby said so.
what do you predict for this "cult"? Will they follow ole Bobby to Acapulco and drink the koolaid again...er, press releases along thousands of pictures to spread the gospel?