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according to Centaflix website, corporate headquarters is 9802 Bay Meadows Road, Jacksonville, FL. This appears to be a strip mall. Other companies at this address include: Dominos Pizza, Karate America, India's Grocery, EZ 2 Mail and Snap 2 Sell, Giuliano's Italian Restaurant, China Hut Restaurant, and Fedex/Kinko's.
You use the Ben Franklin T. Hope this helps.
Known for his common sense, Ben Franklin originally developed the balance sheet for making yes and no decisions.
He made thousands of wise decisions and used this method to make many of those decisions.
To use the Ben Franklin Balance Sheet take a clean sheet of paper and draw a line down the center. On the left side of the line near the top write the word “Yes.” Underneath it write all the arguments for the decision. On the right side of the paper write the word “No.” Underneath it write all the arguments against the decision.
When completed, count the number of arguments for the decision on the left side of the paper. Then count the number of arguments against the decision on the right side of the paper. Frequently, the decision becomes obvious, especially when one of the sides clearly has more arguments listed.
HOBO
No, your concerns are valid.
The problem is do you want to buy after the concerns are resolved at a higher PPS or now while CWRN is cheap.
Risk/Reward favors a buy.
Mind you, there are risk involved with any stock and especially a pink.
HOBO
I bought at .021
HOBO
Just click on play song....
I thought it was fitting.
http://www.elyrics.net/read/a/arthur-lyrics/arthur-theme-song-lyrics.html
HOBO
Just a guess, but knowing about shipping as my father was a captain and shipowner, it most likely would have to do with loading the ship. This port might not have the facilities to load bulk iron ore nor a place to store it.
HOBO
Just for Fun....You gotta sing it!
Everyday when you're trading on the street, everybody that you meet
Has an original point of view
And I say HEY! what a wonderful kind of day.
Where you can learn to trade and play
And get along with each other
You got to listen to your heart
Listen to the beat
Listen to the rhythm, the rhythm of the street
Open up your eyes, open up your ears
Get together and make things better by working together
It's a simple message and it comes from the heart
Believe in yourself (echo: believe in yourself)
Well thats the place to start (to start)
And I say HEY! what a wonderful kind of day
Where you learn to trade and play
And get along with each other
GO CRWN!!!
Welcome aboard.
Yep, I am a believer too. Pictures are hard to refute.
I've seen bashers and naysayers become long here. LOL
HOBO
The market continues to be quiet as has been the case all week. Market participants are happy to wait on the sideline as the Chinese mills look forward to next week’s New Year holiday. With some producers expecting prices to rise after the New Year they are happy to hold on to their material until the Chinese mills come back to the market.
Just keep stockpiling Bob.....
HOBO
MBIO Index 28 January 2011; $183.76/tonne; Index ticks down to $183.76
January 28, 2011
MBIO Index 28 January 2011; $183.76/tonne MBIO Index 27/1/11 $183.87/tonne % Change -0.1%/tonne $ Change -$0.11/tonne The MBIO Index today calculated to $183.76/tonne cfr Qingdao on a 62% Fe basis. This is a drop of $0.11/tonne on yesterday and means that the index has fallen $0.67/tonne over the week, the first weekly fall this year. However, the index averaged rose to$183.75/tonne this week compared with $180.94 /tonne last week. The week has been relatively flat after rising strongly for the first three weeks of January whilst the Chinese mills were looking to restock. On Monday we saw the index hit an all time high of $184.43/tonne and has remained high despite slipping from this level. Assessments for 63.5% Indian material remained flat at $188-$191/tonne, unchanged since Monday. The market continues to be quiet as has been the case all week. Market participants are happy to wait on the sideline as the Chinese mills look forward to next week’s New Year holiday. With some producers expecting prices to rise after the New Year they are happy to hold on to their material until the Chinese mills come back to the market.
The truth of the matter is, they are not possible to get with any accuracy on a real time basis.
HOBO
No .03.
Test of .05 will come with the UpDate PR for the month.
The PR is due either tomorrow or Monday before the month closes.
HOBO
General, re CWRN DD Pertinent comments - replies are interleaved below.
The short story is: seasoned mining engineer & crew of 3 pros are about to start a 30-year income stream of $200M/yr.
PPS today is in the ballpark of 1/10th - 1/20th of true value (thank you, bashers & shorts), using P/E of 10 w/ profit margin of 40% (50=truer), and without considering 60% buyback or reserves of 3 other tracts under agreement. Target some time in 2011 - July? - after 60% reduction in O/S: .82 - $1.00.
Some quick URLs -
Dec. 30 PR - nice status report (they accomplished a lot in short time!!) w/ pretty specific forward-looking stmts: http://www.marketwire.com/press-release/CWRN-3200000000-Projected-1st-Quarter-2011-Revenues-1374348.htm
C&W website geological data: http://www.cottonwestern.com/pdf/BAJA-GEOLOGICAL-SUMMARY.pdf
Nov. 9 valuation post is still p.d. accurate & reasonable, but off a bit here & there, esp. using $152/tonne vs. today's $184:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56464891
Encyclopedic DD Compilation: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57917253
incl. MANY photo links & basher answers/put-downs.
1/19 recent photos + update (trucking starts soon):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58932212
Quote: seeing the money actually being spent on equipment gives everyone a vote of confidence that they arent taking the money and running.
There a several posts with pictures of equipmt, people (3 of the 4 professionals, incl the Project Engineer/foreman),
a test drilling bore hole, a restaurant pic of Bob Cotton & the Mexican subsid'y president - an indispensible & well-educated lady who's also his wife, and machines esp. the 12/24 last-delivered fine magnetic separator.
Reportedly 1st income is tagged to, among other things, pay back the investor who fronted for the 26 machines - ballpark $5M? more?
Quote:I dont have much experience at all with mining stocks except for the handful that ive seen come through ihub over the years, of which never were successful.
I understand what you mean about the whole sector being dimmed, and i think thats something thats been going on with mining stocks since the 19th century..but this one seems different. idk!
Well DD has been done by several guys - jackg{some #} months back, i.t.m.d., microcaps1, pesquero (pequero?), temeku, others . .
POSSIBLE WEAK SPOTS in DD:
- Trust Bob Cotton - my conversations/ PMs / emails w/ various threads of inquiry ended up with "I find him trustworthy."
surebob says no way, but we have yet to hear the other side of his story [jilted former employee/co-worker]. Several folks clearly have visited the mine &/or talked repeatedly w/ Bob C. & all find him distinctly trustworthy & upright.
His foreman - bullit69 - has made a few dozen posts and his testimonials sound believable. One allows as how Bob's goal is to make whole his early investors at $1.69 / share. I find the sum of info on Bob C. distinctly reasonable - but without a few more kinds of transparency it's an open concern.
- LLC in Nevada holds shares of the corp - Moderator (note: she's a basher, BION) considers this a skimming mechanism "shareholders will never see a dime of profit . . just like LLCs used in Hollywood." My reaction: gimme a break, Lady.
- Proven reserves? - mining techno-data exists on www.cottonwestern.com, but an "official" Canadian-type report may be lacking. Current data at website reportedly show 40.5 million metric tons (tonnes) of reserves - enough for 33 yrs. at the PR'd production rate.
- Financial reporting: over a year old on OtcMarkets - is promised for Q1 in April
Quote:also I didnt know that the company was planning a 60% share buy back? this to ive heard a lot from companies, where can i read more about that?
See Nov. 22 PR - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59078684&txt2find=buyback
What's interesting is: 1.9B of 2.xB shares are restricted, not traded, held by Bob & Ms. Vasquez[p-Cotton].
These WILL NOT BE BOUGHT BACK - THEY'll BE SIMPLY RETIRED.
Size of float unknown but guesstimated at 400-600M, or more, unlikely less, so 60% fewer O/S should be somewhat under 1B.
Buyback was planned for "end of Feb.", but i.t.m.d. a month ago said something like "not quite then."
That's the plan . . . it knocks off ~80% of buyback-all cost - we'll see if it happens that way. If it does: big kudos to Mr. Cotton for treating shareholders well.
I expect it will happen - they need to get to $1/share & don't like R/S.
I hope that the investment "pros" that they talk to don't take them down a poor path.
- Iron ore prices will collapse. Well, not this year - they'll be building a war chest to expand & weather downturns. Also: C&W has a very low-cost operation on many fronts - minimal infrastructure cost vs. some iron mining efforts in hinterland of Brazil or deep freeze/high labor cost of Canada. See a WSJournal article last week about one of these.
MILESTONES coming up (don't sell too soon!) :
Trucking, any day now.
"Depot" / bunker pile filling up at Ensenada
Barges being loaded via conveyor - 3 trips @ 35 mt ea. to fill 105 mt. Handymax ship
$19M payday.
2-3 weeks to next ship departure.
Share Buyback/retirement: March
Financial reporting: w/ Q1 results, April.
Q2 results: more revenue, July.
Also needed anytime now: Nevada Annual filing, PinkSheets update to remove Caveat Emptor/ no-data status.
Up-listing to Nasdaq or perhaps OTCBB, OTCQX: any ideas, post 'em to CW board.
$38M not $32M - as PR'd 12/30 - by end of March :
3 shiploads planned @ 152/m.t. but now sold @ $184, 2 will do it:
105,000 m.t. * $184 = $19.320M, * 2 shiploads = $38.640M
Profit margin may be 60+%, but at 50%: $19.320M to payback machinery loan, $1.8M personal loan by Bob C., and begin share buyback.
Trucking cost must be substantial, but well within bounds. 55 miles each way.
General, re CWRN DD Pertinent comments - replies are interleaved below.
The short story is: seasoned mining engineer & crew of 3 pros are about to start a 30-year income stream of $200M/yr.
PPS today is in the ballpark of 1/10th - 1/20th of true value (thank you, bashers & shorts), using P/E of 10 w/ profit margin of 40% (50=truer), and without considering 60% buyback or reserves of 3 other tracts under agreement. Target some time in 2011 - July? - after 60% reduction in O/S: .82 - $1.00.
Some quick URLs -
Dec. 30 PR - nice status report (they accomplished a lot in short time!!) w/ pretty specific forward-looking stmts: http://www.marketwire.com/press-release/CWRN-3200000000-Projected-1st-Quarter-2011-Revenues-1374348.htm
C&W website geological data: http://www.cottonwestern.com/pdf/BAJA-GEOLOGICAL-SUMMARY.pdf
Nov. 9 valuation post is still p.d. accurate & reasonable, but off a bit here & there, esp. using $152/tonne vs. today's $184:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56464891
Encyclopedic DD Compilation: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57917253
incl. MANY photo links & basher answers/put-downs.
1/19 recent photos + update (trucking starts soon):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58932212
Quote: seeing the money actually being spent on equipment gives everyone a vote of confidence that they arent taking the money and running.
There a several posts with pictures of equipmt, people (3 of the 4 professionals, incl the Project Engineer/foreman),
a test drilling bore hole, a restaurant pic of Bob Cotton & the Mexican subsid'y president - an indispensible & well-educated lady who's also his wife, and machines esp. the 12/24 last-delivered fine magnetic separator.
Reportedly 1st income is tagged to, among other things, pay back the investor who fronted for the 26 machines - ballpark $5M? more?
Quote:I dont have much experience at all with mining stocks except for the handful that ive seen come through ihub over the years, of which never were successful.
I understand what you mean about the whole sector being dimmed, and i think thats something thats been going on with mining stocks since the 19th century..but this one seems different. idk!
Well DD has been done by several guys - jackg{some #} months back, i.t.m.d., microcaps1, pesquero (pequero?), temeku, others . .
POSSIBLE WEAK SPOTS in DD:
- Trust Bob Cotton - my conversations/ PMs / emails w/ various threads of inquiry ended up with "I find him trustworthy."
surebob says no way, but we have yet to hear the other side of his story [jilted former employee/co-worker]. Several folks clearly have visited the mine &/or talked repeatedly w/ Bob C. & all find him distinctly trustworthy & upright.
His foreman - bullit69 - has made a few dozen posts and his testimonials sound believable. One allows as how Bob's goal is to make whole his early investors at $1.69 / share. I find the sum of info on Bob C. distinctly reasonable - but without a few more kinds of transparency it's an open concern.
- LLC in Nevada holds shares of the corp - Moderator (note: she's a basher, BION) considers this a skimming mechanism "shareholders will never see a dime of profit . . just like LLCs used in Hollywood." My reaction: gimme a break, Lady.
- Proven reserves? - mining techno-data exists on www.cottonwestern.com, but an "official" Canadian-type report may be lacking. Current data at website reportedly show 40.5 million metric tons (tonnes) of reserves - enough for 33 yrs. at the PR'd production rate.
- Financial reporting: over a year old on OtcMarkets - is promised for Q1 in April
Quote:also I didnt know that the company was planning a 60% share buy back? this to ive heard a lot from companies, where can i read more about that?
See Nov. 22 PR - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59078684&txt2find=buyback
What's interesting is: 1.9B of 2.xB shares are restricted, not traded, held by Bob & Ms. Vasquez[p-Cotton].
These WILL NOT BE BOUGHT BACK - THEY'll BE SIMPLY RETIRED.
Size of float unknown but guesstimated at 400-600M, or more, unlikely less, so 60% fewer O/S should be somewhat under 1B.
Buyback was planned for "end of Feb.", but i.t.m.d. a month ago said something like "not quite then."
That's the plan . . . it knocks off ~80% of buyback-all cost - we'll see if it happens that way. If it does: big kudos to Mr. Cotton for treating shareholders well.
I expect it will happen - they need to get to $1/share & don't like R/S.
I hope that the investment "pros" that they talk to don't take them down a poor path.
- Iron ore prices will collapse. Well, not this year - they'll be building a war chest to expand & weather downturns. Also: C&W has a very low-cost operation on many fronts - minimal infrastructure cost vs. some iron mining efforts in hinterland of Brazil or deep freeze/high labor cost of Canada. See a WSJournal article last week about one of these.
MILESTONES coming up (don't sell too soon!) :
Trucking, any day now.
"Depot" / bunker pile filling up at Ensenada
Barges being loaded via conveyor - 3 trips @ 35 mt ea. to fill 105 mt. Handymax ship
$19M payday.
2-3 weeks to next ship departure.
Share Buyback/retirement: March
Financial reporting: w/ Q1 results, April.
Q2 results: more revenue, July.
Also needed anytime now: Nevada Annual filing, PinkSheets update to remove Caveat Emptor/ no-data status.
Up-listing to Nasdaq or perhaps OTCBB, OTCQX: any ideas, post 'em to CW board.
$38M not $32M - as PR'd 12/30 - by end of March :
3 shiploads planned @ 152/m.t. but now sold @ $184, 2 will do it:
105,000 m.t. * $184 = $19.320M, * 2 shiploads = $38.640M
Profit margin may be 60+%, but at 50%: $19.320M to payback machinery loan, $1.8M personal loan by Bob C., and begin share buyback.
Trucking cost must be substantial, but well within bounds. 55 miles each way.
General, re CWRN DD Pertinent comments - replies are interleaved below.
The short story is: seasoned mining engineer & crew of 3 pros are about to start a 30-year income stream of $200M/yr.
PPS today is in the ballpark of 1/10th - 1/20th of true value (thank you, bashers & shorts), using P/E of 10 w/ profit margin of 40% (50=truer), and without considering 60% buyback or reserves of 3 other tracts under agreement. Target some time in 2011 - July? - after 60% reduction in O/S: .82 - $1.00.
Some quick URLs -
Dec. 30 PR - nice status report (they accomplished a lot in short time!!) w/ pretty specific forward-looking stmts: http://www.marketwire.com/press-release/CWRN-3200000000-Projected-1st-Quarter-2011-Revenues-1374348.htm
C&W website geological data: http://www.cottonwestern.com/pdf/BAJA-GEOLOGICAL-SUMMARY.pdf
Nov. 9 valuation post is still p.d. accurate & reasonable, but off a bit here & there, esp. using $152/tonne vs. today's $184:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56464891
Encyclopedic DD Compilation: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57917253
incl. MANY photo links & basher answers/put-downs.
1/19 recent photos + update (trucking starts soon):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58932212
Quote: seeing the money actually being spent on equipment gives everyone a vote of confidence that they arent taking the money and running.
There a several posts with pictures of equipmt, people (3 of the 4 professionals, incl the Project Engineer/foreman),
a test drilling bore hole, a restaurant pic of Bob Cotton & the Mexican subsid'y president - an indispensible & well-educated lady who's also his wife, and machines esp. the 12/24 last-delivered fine magnetic separator.
Reportedly 1st income is tagged to, among other things, pay back the investor who fronted for the 26 machines - ballpark $5M? more?
Quote:I dont have much experience at all with mining stocks except for the handful that ive seen come through ihub over the years, of which never were successful.
I understand what you mean about the whole sector being dimmed, and i think thats something thats been going on with mining stocks since the 19th century..but this one seems different. idk!
Well DD has been done by several guys - jackg{some #} months back, i.t.m.d., microcaps1, pesquero (pequero?), temeku, others . .
POSSIBLE WEAK SPOTS in DD:
- Trust Bob Cotton - my conversations/ PMs / emails w/ various threads of inquiry ended up with "I find him trustworthy."
surebob says no way, but we have yet to hear the other side of his story [jilted former employee/co-worker]. Several folks clearly have visited the mine &/or talked repeatedly w/ Bob C. & all find him distinctly trustworthy & upright.
His foreman - bullit69 - has made a few dozen posts and his testimonials sound believable. One allows as how Bob's goal is to make whole his early investors at $1.69 / share. I find the sum of info on Bob C. distinctly reasonable - but without a few more kinds of transparency it's an open concern.
- LLC in Nevada holds shares of the corp - Moderator (note: she's a basher, BION) considers this a skimming mechanism "shareholders will never see a dime of profit . . just like LLCs used in Hollywood." My reaction: gimme a break, Lady.
- Proven reserves? - mining techno-data exists on www.cottonwestern.com, but an "official" Canadian-type report may be lacking. Current data at website reportedly show 40.5 million metric tons (tonnes) of reserves - enough for 33 yrs. at the PR'd production rate.
- Financial reporting: over a year old on OtcMarkets - is promised for Q1 in April
Quote:also I didnt know that the company was planning a 60% share buy back? this to ive heard a lot from companies, where can i read more about that?
See Nov. 22 PR - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59078684&txt2find=buyback
What's interesting is: 1.9B of 2.xB shares are restricted, not traded, held by Bob & Ms. Vasquez[p-Cotton].
These WILL NOT BE BOUGHT BACK - THEY'll BE SIMPLY RETIRED.
Size of float unknown but guesstimated at 400-600M, or more, unlikely less, so 60% fewer O/S should be somewhat under 1B.
Buyback was planned for "end of Feb.", but i.t.m.d. a month ago said something like "not quite then."
That's the plan . . . it knocks off ~80% of buyback-all cost - we'll see if it happens that way. If it does: big kudos to Mr. Cotton for treating shareholders well.
I expect it will happen - they need to get to $1/share & don't like R/S.
I hope that the investment "pros" that they talk to don't take them down a poor path.
- Iron ore prices will collapse. Well, not this year - they'll be building a war chest to expand & weather downturns. Also: C&W has a very low-cost operation on many fronts - minimal infrastructure cost vs. some iron mining efforts in hinterland of Brazil or deep freeze/high labor cost of Canada. See a WSJournal article last week about one of these.
MILESTONES coming up (don't sell too soon!) :
Trucking, any day now.
"Depot" / bunker pile filling up at Ensenada
Barges being loaded via conveyor - 3 trips @ 35 mt ea. to fill 105 mt. Handymax ship
$19M payday.
2-3 weeks to next ship departure.
Share Buyback/retirement: March
Financial reporting: w/ Q1 results, April.
Q2 results: more revenue, July.
Also needed anytime now: Nevada Annual filing, PinkSheets update to remove Caveat Emptor/ no-data status.
Up-listing to Nasdaq or perhaps OTCBB, OTCQX: any ideas, post 'em to CW board.
$38M not $32M - as PR'd 12/30 - by end of March :
3 shiploads planned @ 152/m.t. but now sold @ $184, 2 will do it:
105,000 m.t. * $184 = $19.320M, * 2 shiploads = $38.640M
Profit margin may be 60+%, but at 50%: $19.320M to payback machinery loan, $1.8M personal loan by Bob C., and begin share buyback.
Trucking cost must be substantial, but well within bounds. 55 miles each way.
Monday much better, more to PR....
HOBO
Just for Fun....
http://www.barchart.com/opinions/stocks/CWRN
HOBO
The Baltic Dry Index has fallen 88% since its peak in May 2008 as demand for dry-bulk shipping has fallen alongside commerce levels. Capesize ships are getting approximately $8,700 a day pricewise compared with $40,000 a year ago. $8,700 is near breakeven levels for many ships. Along with the low production of coal in Australia due to flooding, further exacerbating low levels of shipping is the current glut of ships coming on to market. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting companies in the shipping industry.
After heavy investment during recent boom years, 241 ships are expected to be delivered in 2011 after 210 were delivered in 2010. This is a far cry from the typical one every three weeks the sector is used to. Low shipping rates will be bad news for the sector that has assumed a great deal of debt buying the ships, hurting its prices in the first place.
Some companies are better positioned than others in the current environment. Diana Shipping Inc. is somewhat insulated from the fall-off in rates because it generally deals in longer-term contracts. It is believed that better-off companies will use the downturn as an opportunity for consolidation. Investors can access free research on Diana Shipping Inc. now by signing up at http://wallstreetequityresearch.com/January272011DianaShippingInc.(DSX)270111.php.
Several companies are modifying their strategies in the new environment as well. Diana has increased some of its emphasis on containerships. Dryships Inc. has invested a great deal of money trying to establish a presence in the oil-tanker market. While there is some hope that the booming demand for coal and iron ore will save the dry-bulk shipping sector, diversifying players can't be blamed for trying to hedge their bets. Investors can register today at http://wallstreetequityresearch.com/January272011DryShipsInc.(DRYS)270111.php to download the full report on DryShips Inc.
I am taking 100k to 200k out of the float everyday!
HOBO
I got filled on the bid today.0264
HOBO
I have over 3000 big players watching and buying.
I updated them on Fe ore spot outlook this AM.
HOBO
No sideways. I expect to continue the uptrend hitting .03 by Friday barring no PR.
I am expecting .05 or above upon PR release with positive news and no downside surprises. I do expect a little delay in shipping as Fe ore prices continue to rise and it might benefit sales numbers and cost associated with trucking in a positive way.
HOBO
After putting all my data together, with the growth rates of China and India, world economy moving forward, and GDP of the US over 3%, I believe 200+ Fe ore will happen within the next 60 to 90 days. Continued upside to the 250 range before the end of the year barring no interruptions in supply. Any interruptions in supply will accelerate these numbers and we could see 300.
Right now I am calling for 250 top on FE ore.
Giving us an average selling price of around 220.
Calculations on CWRN sales for the year should be raised by 20% to 25% going forward with fixed cost remaining the same.
Remember, we have the equipment in place and those cost will not be there Q2. Profits will soar from 2Q till the mine is exhausted with some minimal 1 time charges.
HOBO
With some producers expecting prices to rise after the New Year they are happy to hold on to their material until the Chinese mills come back to the market.
MBIO Index 27 January 2011; $183.87/tonne; Index picks up slightly to $183.87
January 27, 2011
MBIO Index 27 January 2011; $183.87/tonne MBIO Index 26/1/11 $183.21/tonne % Change +0.4%/tonne $ Change +$0.66/tonne The MBIO Index today calculated to $183.87/tonne cfr Qingdao on a 62% Fe basis. This is a rise of $0.66/tonne on yesterday as the index ends two days of falls and hovers around its all time high. Assessments for 63.5% Indian material remained flat again today, at $188-$191/tonne. The market has remained quiet all week as the participants looks for direction. Many market participants are happy to wait on the sideline as the Chinese mills look forward to next week’s New Year holiday. With some producers expecting prices to rise after the New Year they are happy to hold on to their material until the Chinese mills come back to the market. Despite this, some do not believe that current Chinese demand could sustain the current high prices, especially if Indian supply picks up.
We gonna have a move up soon as MM have no shares and must take it up to collect. Low volume suggest shares are tightly held and MM finding no sellers. This is very bad for a short position!
HOBO
Most of these investors would take a position of no less than a 1m shares.
HOBO
I put the CRWN story out once more to with a Strong Buy.
Thousands of serious investors will be looking at this.
HOBO
MBIO Index 26 January 2011; $183.21/tonne; Index edges downwards to $183.21
January 26, 2011
MBIO Index 26 January 2011; $183.21/tonne MBIO Index 25/1/11 $183.48/tonne % Change -0.1%/tonne $ Change -$0.27/tonne The MBIO Index today calculated to $183.21/tonne cfr Qingdao on a 62% Fe basis. This is a fall of $0.27/tonne on yesterday as the index falls again. Assessments for 63.5% Indian material remained flat again today, at $188-$191/tonne. The number of transaction has remained low today as mills continue to stay out of the market. It has been reported that iron ore miners in the southwestern Indian state of Goa are returning to normal operations after the end of a strike by transportation workers that began in early January. It has also been reported that Port Hedland on the west coast of Australia has seen ship loading suspended with the onset of cyclone Bianca. This may cause some mills to enter the spot market to make up any short falls but this effect should not be immediate.
Wrong.....
Do your homework!
HOBO
General, re CWRN DD Pertinent comments - replies are interleaved below.
The short story is: seasoned mining engineer & crew of 3 pros are about to start a 30-year income stream of $200M/yr.
PPS today is in the ballpark of 1/10th - 1/20th of true value (thank you, bashers & shorts), using P/E of 10 w/ profit margin of 40% (50=truer), and without considering 60% buyback or reserves of 3 other tracts under agreement. Target some time in 2011 - July? - after 60% reduction in O/S: .82 - $1.00.
Some quick URLs -
Dec. 30 PR - nice status report (they accomplished a lot in short time!!) w/ pretty specific forward-looking stmts: http://www.marketwire.com/press-release/CWRN-3200000000-Projected-1st-Quarter-2011-Revenues-1374348.htm
C&W website geological data: http://www.cottonwestern.com/pdf/BAJA-GEOLOGICAL-SUMMARY.pdf
Nov. 9 valuation post is still p.d. accurate & reasonable, but off a bit here & there, esp. using $152/tonne vs. today's $184:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56464891
Encyclopedic DD Compilation: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57917253
incl. MANY photo links & basher answers/put-downs.
1/19 recent photos + update (trucking starts soon):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58932212
Quote: seeing the money actually being spent on equipment gives everyone a vote of confidence that they arent taking the money and running.
There a several posts with pictures of equipmt, people (3 of the 4 professionals, incl the Project Engineer/foreman),
a test drilling bore hole, a restaurant pic of Bob Cotton & the Mexican subsid'y president - an indispensible & well-educated lady who's also his wife, and machines esp. the 12/24 last-delivered fine magnetic separator.
Reportedly 1st income is tagged to, among other things, pay back the investor who fronted for the 26 machines - ballpark $5M? more?
Quote:I dont have much experience at all with mining stocks except for the handful that ive seen come through ihub over the years, of which never were successful.
I understand what you mean about the whole sector being dimmed, and i think thats something thats been going on with mining stocks since the 19th century..but this one seems different. idk!
Well DD has been done by several guys - jackg{some #} months back, i.t.m.d., microcaps1, pesquero (pequero?), temeku, others . .
POSSIBLE WEAK SPOTS in DD:
- Trust Bob Cotton - my conversations/ PMs / emails w/ various threads of inquiry ended up with "I find him trustworthy."
surebob says no way, but we have yet to hear the other side of his story [jilted former employee/co-worker]. Several folks clearly have visited the mine &/or talked repeatedly w/ Bob C. & all find him distinctly trustworthy & upright.
His foreman - bullit69 - has made a few dozen posts and his testimonials sound believable. One allows as how Bob's goal is to make whole his early investors at $1.69 / share. I find the sum of info on Bob C. distinctly reasonable - but without a few more kinds of transparency it's an open concern.
- LLC in Nevada holds shares of the corp - Moderator (note: she's a basher, BION) considers this a skimming mechanism "shareholders will never see a dime of profit . . just like LLCs used in Hollywood." My reaction: gimme a break, Lady.
- Proven reserves? - mining techno-data exists on www.cottonwestern.com, but an "official" Canadian-type report may be lacking. Current data at website reportedly show 40.5 million metric tons (tonnes) of reserves - enough for 33 yrs. at the PR'd production rate.
- Financial reporting: over a year old on OtcMarkets - is promised for Q1 in April
Quote:also I didnt know that the company was planning a 60% share buy back? this to ive heard a lot from companies, where can i read more about that?
See Nov. 22 PR - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59078684&txt2find=buyback
What's interesting is: 1.9B of 2.xB shares are restricted, not traded, held by Bob & Ms. Vasquez[p-Cotton].
These WILL NOT BE BOUGHT BACK - THEY'll BE SIMPLY RETIRED.
Size of float unknown but guesstimated at 400-600M, or more, unlikely less, so 60% fewer O/S should be somewhat under 1B.
Buyback was planned for "end of Feb.", but i.t.m.d. a month ago said something like "not quite then."
That's the plan . . . it knocks off ~80% of buyback-all cost - we'll see if it happens that way. If it does: big kudos to Mr. Cotton for treating shareholders well.
I expect it will happen - they need to get to $1/share & don't like R/S.
I hope that the investment "pros" that they talk to don't take them down a poor path.
- Iron ore prices will collapse. Well, not this year - they'll be building a war chest to expand & weather downturns. Also: C&W has a very low-cost operation on many fronts - minimal infrastructure cost vs. some iron mining efforts in hinterland of Brazil or deep freeze/high labor cost of Canada. See a WSJournal article last week about one of these.
MILESTONES coming up (don't sell too soon!) :
Trucking, any day now.
"Depot" / bunker pile filling up at Ensenada
Barges being loaded via conveyor - 3 trips @ 35 mt ea. to fill 105 mt. Handymax ship
$19M payday.
2-3 weeks to next ship departure.
Share Buyback/retirement: March
Financial reporting: w/ Q1 results, April.
Q2 results: more revenue, July.
Also needed anytime now: Nevada Annual filing, PinkSheets update to remove Caveat Emptor/ no-data status.
Up-listing to Nasdaq or perhaps OTCBB, OTCQX: any ideas, post 'em to CW board.
$38M not $32M - as PR'd 12/30 - by end of March :
3 shiploads planned @ 152/m.t. but now sold @ $184, 2 will do it:
105,000 m.t. * $184 = $19.320M, * 2 shiploads = $38.640M
Profit margin may be 60+%, but at 50%: $19.320M to payback machinery loan, $1.8M personal loan by Bob C., and begin share buyback.
Trucking cost must be substantial, but well within bounds. 55 miles each way.
General, re CWRN DD Pertinent comments - replies are interleaved below.
The short story is: seasoned mining engineer & crew of 3 pros are about to start a 30-year income stream of $200M/yr.
PPS today is in the ballpark of 1/10th - 1/20th of true value (thank you, bashers & shorts), using P/E of 10 w/ profit margin of 40% (50=truer), and without considering 60% buyback or reserves of 3 other tracts under agreement. Target some time in 2011 - July? - after 60% reduction in O/S: .82 - $1.00.
Some quick URLs -
Dec. 30 PR - nice status report (they accomplished a lot in short time!!) w/ pretty specific forward-looking stmts: http://www.marketwire.com/press-release/CWRN-3200000000-Projected-1st-Quarter-2011-Revenues-1374348.htm
C&W website geological data: http://www.cottonwestern.com/pdf/BAJA-GEOLOGICAL-SUMMARY.pdf
Nov. 9 valuation post is still p.d. accurate & reasonable, but off a bit here & there, esp. using $152/tonne vs. today's $184:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56464891
Encyclopedic DD Compilation: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57917253
incl. MANY photo links & basher answers/put-downs.
1/19 recent photos + update (trucking starts soon):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58932212
Quote: seeing the money actually being spent on equipment gives everyone a vote of confidence that they arent taking the money and running.
There a several posts with pictures of equipmt, people (3 of the 4 professionals, incl the Project Engineer/foreman),
a test drilling bore hole, a restaurant pic of Bob Cotton & the Mexican subsid'y president - an indispensible & well-educated lady who's also his wife, and machines esp. the 12/24 last-delivered fine magnetic separator.
Reportedly 1st income is tagged to, among other things, pay back the investor who fronted for the 26 machines - ballpark $5M? more?
Quote:I dont have much experience at all with mining stocks except for the handful that ive seen come through ihub over the years, of which never were successful.
I understand what you mean about the whole sector being dimmed, and i think thats something thats been going on with mining stocks since the 19th century..but this one seems different. idk!
Well DD has been done by several guys - jackg{some #} months back, i.t.m.d., microcaps1, pesquero (pequero?), temeku, others . .
POSSIBLE WEAK SPOTS in DD:
- Trust Bob Cotton - my conversations/ PMs / emails w/ various threads of inquiry ended up with "I find him trustworthy."
surebob says no way, but we have yet to hear the other side of his story [jilted former employee/co-worker]. Several folks clearly have visited the mine &/or talked repeatedly w/ Bob C. & all find him distinctly trustworthy & upright.
His foreman - bullit69 - has made a few dozen posts and his testimonials sound believable. One allows as how Bob's goal is to make whole his early investors at $1.69 / share. I find the sum of info on Bob C. distinctly reasonable - but without a few more kinds of transparency it's an open concern.
- LLC in Nevada holds shares of the corp - Moderator (note: she's a basher, BION) considers this a skimming mechanism "shareholders will never see a dime of profit . . just like LLCs used in Hollywood." My reaction: gimme a break, Lady.
- Proven reserves? - mining techno-data exists on www.cottonwestern.com, but an "official" Canadian-type report may be lacking. Current data at website reportedly show 40.5 million metric tons (tonnes) of reserves - enough for 33 yrs. at the PR'd production rate.
- Financial reporting: over a year old on OtcMarkets - is promised for Q1 in April
Quote:also I didnt know that the company was planning a 60% share buy back? this to ive heard a lot from companies, where can i read more about that?
See Nov. 22 PR - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59078684&txt2find=buyback
What's interesting is: 1.9B of 2.xB shares are restricted, not traded, held by Bob & Ms. Vasquez[p-Cotton].
These WILL NOT BE BOUGHT BACK - THEY'll BE SIMPLY RETIRED.
Size of float unknown but guesstimated at 400-600M, or more, unlikely less, so 60% fewer O/S should be somewhat under 1B.
Buyback was planned for "end of Feb.", but i.t.m.d. a month ago said something like "not quite then."
That's the plan . . . it knocks off ~80% of buyback-all cost - we'll see if it happens that way. If it does: big kudos to Mr. Cotton for treating shareholders well.
I expect it will happen - they need to get to $1/share & don't like R/S.
I hope that the investment "pros" that they talk to don't take them down a poor path.
- Iron ore prices will collapse. Well, not this year - they'll be building a war chest to expand & weather downturns. Also: C&W has a very low-cost operation on many fronts - minimal infrastructure cost vs. some iron mining efforts in hinterland of Brazil or deep freeze/high labor cost of Canada. See a WSJournal article last week about one of these.
MILESTONES coming up (don't sell too soon!) :
Trucking, any day now.
"Depot" / bunker pile filling up at Ensenada
Barges being loaded via conveyor - 3 trips @ 35 mt ea. to fill 105 mt. Handymax ship
$19M payday.
2-3 weeks to next ship departure.
Share Buyback/retirement: March
Financial reporting: w/ Q1 results, April.
Q2 results: more revenue, July.
Also needed anytime now: Nevada Annual filing, PinkSheets update to remove Caveat Emptor/ no-data status.
Up-listing to Nasdaq or perhaps OTCBB, OTCQX: any ideas, post 'em to CW board.
$38M not $32M - as PR'd 12/30 - by end of March :
3 shiploads planned @ 152/m.t. but now sold @ $184, 2 will do it:
105,000 m.t. * $184 = $19.320M, * 2 shiploads = $38.640M
Profit margin may be 60+%, but at 50%: $19.320M to payback machinery loan, $1.8M personal loan by Bob C., and begin share buyback.
Trucking cost must be substantial, but well within bounds. 55 miles each way.
Very good and even post....
You did a wonderful job stating the facts.
HOBO
I gotta love you.....
Buyouts, 5 dollar share price! 50 cents by tomorrow? LMAO
You gotta be the most fun guy around here....
Lets just call you the CWRN jester...
HOBO
I doubt it, that was my million at .019 and I am prepared to buy more.
Just wanted to suck up some traders shares that lost money!
Don't worry folks, those shares are in firm hands now!
HOBO
We have seen this ploy...
The scam seems to be you and we're not buying it. It worked the first time but holds little water now.
Have fun, but make no mistake about CWRN. The PPS will contine to rise!
Happy Trades!
HOBO
The flippers are now negative. This is where they lose their butt.
What you are seeing is "Forget about the cheese, Just let me out the trap!
30m from now the shares they sold to us longs will be back up....
HOBO
Besides, we get news everyday here. I know the stock will move higher when we get posted news.
Just sit back and enjoy the ride.
Things take time. We have the next 12m to watch CWRN rise.
Let the flippers flip. They will add liquidity, and some will take a loss giving new investors cheaper shares as the PPS continues to rise.
HOBO
The later the news, the better. Cotton is working and will have more to report by next Monday. There is much business to take care of this week as the ore is moved to port.
HOBO
Do you even know what a SPOT MARKET is?
ROTFLMAO...at you!
The spot market or cash market is a public financial market, in which financial instruments or commodities are traded for immediate delivery. It contrasts with a futures market in which delivery is due at a later date. A spot market can be:
* an organized market, an exchange or
* "over the counter", OTC.
Spot markets can operate wherever the infrastructure exists to conduct the transaction. The spot market for most instruments exists primarily on the Internet.
Contents
[hide]
* 1 Exchange
* 2 OTC
* 3 Examples
o 3.1 Spot Forex
o 3.2 Energy Spot
* 4 See also
* 5 References
[edit] Exchange
Securities (i.e. commodities) are traded on exchanges using recent market price.
[edit] OTC
In the over the counter market, trades are based on contracts made directly between two parties, and not subject to the rules of an exchange. The contract terms are agreed between the parties and may be non-standard. The price will probably not be published.
[edit] Examples
[edit] Spot Forex
The spot foreign exchange market has a 2 day delivery date, originally due to the time it would take to move cash from one bank to another. Most speculative retail forex trading is done as spot transaction on an online trading platform.
[edit] Energy Spot
The spot energy market allows producers of surplus energy to instantly locate available buyers for this energy, negotiate prices within milliseconds and deliver actual energy to the customer just a few minutes later. Spot markets can be either privately operated or controlled by industry organizations or government agencies. They frequently attract speculators, since spot market prices are known to the public almost as soon as deals are transacted. Examples of energy spot markets for natural gas in Europe are the Title Transfer Facility (TTF) in the Netherlands and the National Balancing Point (NBP) in the United Kingdom.