If you are fishing for inside info-for reasons obvious to me-since you have never believed in this company as per your posts,sorry-I don't have any inside info.
I can see the millions in mostly new looking equipment in scores of pictures by many sources,including independent sources.
Questions that lead to doubt only feed the incessant fear prurposely cultivated by special interest groups.
What does it matter. Due to the backing we all have the opportunity to reap a rare return.
It doesn't require much imagination to know how bankers handle such a situation. They simply take a lien on the property purchased w the loaned funds until the loan is repaid.
I don't know what arrangements they have but CWRN will have enough for two 75000 ton Panamax(if they decide to use such)shipments soon,if not already.
So,with 50% net profit/shipment(ca 6.75 million net w Panamax)the investor could probably be paid back with the first shipment.
Nobody knows whether they have loaded the first truck or not or filled the bags w 1-3mm ore-questions that lead to doubt-but it doesn't matter-it will be done soon,absent "acts of god" such as earthquakes etc.
Neither do we know who the buyer is-what does it matter?
I and others have already answered the dig about the pictures.
I don't know of any mining company that allows outsiders to come in(such would likely in violation of the companies insurance policy)to take pictures for the legitimate reasons I and others have stated.
As my and other posts indicate w independent verification,the market uncertainty is due to possibly unprecedented in length(since possibly May/June)and form manipulation by etmm and others,as itmd and many others have noted many times.
And when etmm etc began to lose control due to rapid price rise-killing their and other shorts,special interest groups apparently falsely accused to pinksheets that there had been a massive promotion or something. When CWRN has had no promotion-certainly no paid promo to my knowledge since I've been following them-since Aug 2009.
Despite obvious attempts by many special interest people to crash the price nobody has even attempted to offer any evidence that CWRN engaged in a promotion or anything else-as if that were a crime. Why aren't you concerned about those groups manipulation and stealing from the stockholders? That should be of far greater importance than who or what form the financing was.
