I talked to Bob a few days ago-see my messages at yahoo message board. They are not diluting and at these prices they would only obtain pocket change.
Bob is busy with production activities and says he doesn't follow the message boards and is not even thinking about pink sheets right now-says production will take of all that-and they plan on 2 shipments WITHIN the next 2 months,as previously reported in the newsletters.
He said there would be a shareholder newsletter next week-that he is doing one such newsletter per month.
I see absolutely no logic in selling at what must be a 52 week low when:
1). pre-production or production has started. Is collection of 80,000 tons of loose iron for breakup w hydraulic hammer, already on site and presumably occurring as per last newsletter, production? I would say it is.
2). Beyond that Bob believes actual mining is imminent-if it has not already started-that's not something Bob can divulge to an individual investor prior to PR.
MM's, shorters and bashers play many games,but often at a critical juncture like this,where there is real potential,and these games have occurred with other mining companies I'm following at the point of a breakthrough-only those companies are only at the assessment stage-not nearly advanced as CWRN's activities.
CWRN is already sitting on a KNOWN PROVEN iron ore body and CWRN has the mineral rights-people seem to have lost sight of those facts.
At other mining companies people get excited when the geophysical or aerial surveys begin-before the presence of an ore body is even confirmed-CWRN is well advanced beyond that.
In fact the power of bashers hypnotism in this case is one of the most bizarre penny situations. There is only one other more bizarre for sure-a company w over 100 million revenue(over 2 million net income and climbing)-severely bashed to the point that market cap is below ten thousand dollars!!!! That is the power of bashers dishonest hypnotism overpowering nervous nellies logic.
The fact that such games are being played w CWRN by bashers/shorters/mm's is evidence of imminent or actual breakthrough. Think about it. Dust off the logic cap.
There is what I believe to be a fanatical paid basher at yahoo who is probably influencing some nervous nellies. By incessantly recycling the same dishonest questions that lead to doubt,bashers knowingly produce the pink elephant effect so their companies-KNOWING the breakthrough has been made-can steal shares cheap from nervous nellies.
LOGICALLY people know elephants are not pink but when bashers continually shout "pink elephant",some people let the mirage overpower logic and common sense.
Its politely called the power of suggestion,as in outlawed subliminal advertising,but it really is a type of hypnotism.
Such as employed by psychologists and craft hypnotism-both of which employ dishonest destructive forces(I grew up in such a cult-they are far more numerous than people realize)- a dishonest knowing manipulation.
Even though cult members know the cult leader(or the basher) is a pathological liar,they believe whatever the cult leader/basher tells them. If the leader says the earth is flat,they believe it even if they are a scientist-pure hypnotism. So people-who have a tendency to be intellectually lazy-the default autopilot of least resistance--need to guard against that hypnotism/bashing.
At almost every company I've researched, bashers come out of the woodwork at every interim breakthrough,either because they are shorting or are paid bashers obtaining shares cheap for their employer.
Or have a personal vendetta against the company,often blaming the company for delays that are the result of the great recession,market forces,the usual labyrinthine headaches of a successful startup and bashers themselves.
