I agree,and as others who have worked with startups have noted,there are always complications and delays as there are in our own personal lives where something unexpected comes up.
If you had foreknowledge sufficient to see all of the future you'd be a lot richer than Buffett or Gates. As CEO of a startup you need a "can do" attitude of cautious optimism-otherwise you would be defeated at the first few hurdles.
Buyer either changed or had a change order,thereby necessitating the 3-18mm separator.
The separator manufacturer experienced problems THEY didn't foresee in putting sep together-so how could Bob-relying on the expertise of the manufacturer-foresee things they-the specialists -did not foresee?
Surprisingly,despite being the only deepwater port in Baja and shipping millions of tons of bulk agricultural goods and N.Baja being covered by mining concessions,the port didn't have mineral specific conveyor belts,so CWRN had to buy these in exchange for a discount by the port.
The timing of the dredging is not something controlled by CWRN.
And so it goes on and on.
You have to be an indefatigable problem solver foreseeing the unforeseen.
We're almost there. Some of us have been holding for years so day to day hand wringing is ridiculous.
The separator should arrive,absent further unforeseen events, within a week.
The ore piles are ready for its 1000dmt/hour capacity,which can handle the 35k shipload in a couple days(remember there are piles of 0-3mm ore presumably separated by now,some of which presumably will go with this shipment also).
So 2 days after it is operational,Bob calls in the ship,which may take 30 days to arrive,depending on the ships schedule and location,or may take 30 days lead time period-I don't know-I hope its the former but we are very close in the macro viewpoint either way.
It is extremely rare for a penny stock to transition to revenues as we will soon see. I haven't seen any junior miner make that transition since this recession started.
And was the recession-with banks afraid to lend anymore,thereby making it extremely difficult to find a financial backer-Bobs fault also?
