Replies to post #48926 on Cotton & Western Mining Inc (fka CWRN)
07/03/11 4:11 PM
07/03/11 4:23 PM
PanAmMex dispatched Road Runner Trucking on June 29th, 2011 for the heavy haul trucking of processed iron minerals to the Ensenada International Terminal, Baja California, Mexico on the Pacific Ocean. An anticipated load-out date of July 26, 2011 has been set with the execution of a bulk cargo vessel fixture note. The Company will be shipping two grades of raw crude iron ore and two sizes, 1-3mm fines and 3-18mm mixed fines and lump ores in five cargo vessel holds.
Operations Update: The Company is continuously excavating, crushing and processing raw crude iron ore.
CWRN Current Share Structure: The Company has stated that it is not currently providing any Market Awareness nor is it involved with the market in any way. The share price of the Company's stock is solely dictated by the market.
Authorized Shares: 6,000,000,000
Outstanding Shares: 4,361,635,980
Restricted Shares: 2,056,610,879
Free Trading Shares: 2,305,025,101
Notes: The Baja Pacific - "Mina Guadalupe" is operated by Panamerican Minerals Ventures, S.A. de C.V., Ensenada, Baja California, under contract with CWRN and held in trust for CWRN by its principal officers and directors, Robert L. Cotton and Sharon Vazquez
07/04/11 12:07 PM
07/06/11 11:05 AM
07/31/11 9:32 PM
Update from Ensenada
It's obvious that Cotton has dramatically improved his trucking logistics. Yesterday, it seemed like there was a CorreCaminos truck either coming or going through town every 15 minutes!
Cotton must have kicked his trucker where it hurts. ATTABOY!!!
The rumor is that the 2nd ship (a Handymax) will begin loading at EIT on July 25th, and at this trucking rate, this time there will be enough at the port to fill it without delays.
More importantly, I was told (by one of his employees)that they have uncovered the best vein yet of solid Magnetite, and the only delay in production is that they haven't yet got their blasting permit approved. He said that is expected within a couple of weeks, which will allow them to Double or Triple their production of Lump Ore.
So, I am pleased to report that (although it took a while longer than I had expected) it definitely appears that they have worked out many of the "kinks" that I originally expected, and should have much smoother sailing ahead.
| Volume | |
| Day Range: | |
| Bid Price | |
| Ask Price | |
| Last Trade Time: |