Cotton & Western Mining Inc. (CWRN)

[grajekk]

Iron ore went up $9/ton yesterday.. Oh dang..

Spot iron prices jumped again today.. Oh dang..

Big strike in South African iron mines is spreading.. 120,000 tons per day no longer coming to market.. One of the biggest companies is crying "force majeure" - we cant deliver orders. Up to 40 million tons per year disappears from market unless wage dispute is worked out.
Iron will cost more at any rate even with settlement.. Oh dang..

Big iron miners in Australia announce job cuts until price of ore rebounds.. Oh dang..

CWRN most likely has over 400,000 tons and possibly as much as 550,000 by my guess, of processed, ready to deliver inventory.. Probably $130+ average for high grade ore like we have right now.. Oh dang..

Shirley.. Don't pull the trigger until you see the whites of their eyes!! LOL!

Keep in mind, a half cent dividend accross the board is only $30 million dollars.. I just did the math.. If we ship our inventory, we can afford the dividend and still have $10 million extra for expansion and new equipment after taxes.. Oh dang..

A half cent dividend would push the share price to where? Oh dang..

The last time the spot prices moved up like this the share price went nuts. This time the longs have a heII of a lot more of the float tied up so in theory the share prices should break old highs no sweat if we can cash in on the bull market iron trend..

OH DANG I love my CWRN today!! Have a great day longs!