Cotton & Western Mining Inc (fka CWRN)

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I didnt say I thought a buyout was occurring-but that Bao if they had there way would buy cwrn if Bob was amenable. I dont think Bob is ready for that but his recent posted email re possible JV w largest west coast fert distributor is an indication he may be amenable to a JV.
The massive expansion is very unusual for a very cost conscious startup that doesnt yet have the equipment to mine the entire area where they are removing the overburden-but that has gone unnoticed also.

Bao did their homework before visiting for the 1st time(that we know of) in Sept-see Sept 19 pic w Bao Brazil Pres-and found out what Bob wanted-so they no doubt reworked their proposal and came back a second time a couple months later-as shown again by pics.

I negotiated deals among other things for many years-it took many years just to negotiate a simple fee simple acquisition of a couple hundred acres of land-volatile sellers necessitating many cooling off periods-sellers wanting many times appraised value etc-usually comes down to everybody wanting a bigger share of the pie-thats a main thing that causes these things to take so long-and here there are other possible issues-like participation on the board etc. I've personally seen probates last 17-22 years.

The deal u reference no doubt had been in the works for a long time before Nov 12-I dont know anything about that co-they may have been in negotiations for a long time.

Valuation issues can take a very long time- 1 of the possible purposes of the 3 new much deeper drill holes in Sept-October-though I think they were primarily making sure it would be worth it to remove the overburden and estimating the tonnage.

I think if they were really doing a buyout they would have kept drilling until the drill ran out of iron-but if the 2nd largest company in any other field was showing so much interest in another startup that other startups board would be full of buyout talk and I'm surprised things have been so quiet here-ignoring the ramifications of Bao's interest.

I would expect more than just a simple long term contract-which wouldnt take multiple visits by multiple high level officials -esp apparent vice chair of parent Bao Steel China.