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Cotton & Western Mining In CWRN
Posted On: 11/15/2012 1:16:15 PM
Post# of 8059
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Posted By: microcaps

CWRN shipped 43829 tons of that ore June 12 on a ship Bao had sent to LA with steel products-resulting in a large cost savings on shipping-still dont know if Mex still playing games w ore at port-Bao may not be happy about that (they may have to buy Mex w petty change-could make a lot of jokes about how Mex operates-advantages and disadvantages)-and Bao like other steelmakers wasnt buying much in late summer as per most public reports due to sudden supply increase ,China late summer slowdown,coupled w high Chinese steel inventories,which have been falling since late summer,and low steel prices late summer,which are now like iron prices rising again as per article just posted.














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