I'm just saying if china can't get ore out of Ensenada, they will look at other sellers. If there are 10 shiploads sitting at the mine, already processed and we can't get them out faster than once every 6 months which has been the norm, they could lay most off the mining crew off for quite a spell and just leave a skeleton crew to load out what is already processed when needed. Quite a savings in machinery wear, fuel and wages. CWRN is just like any other manufacturing company.. If you have more inventory piling up, than you can sell, sometimes there needs to be cutbacks in production to stay healthy.. I hope this isn't the case but this dang silence who knows..
We didn't find out about the permit remodeling by the Mexican government until 6 months after the fact. That picced me off, that shareholders were left holding our breaths not knowing what was wrong for that long. I lost out on a lot of other good plays thinking ships were going to show up any minute.. cbis was a 4 bagger but I was scared to let go here, for a few days, because I didn't know the truth about the shipping bans.. If I would have known, I could have been in and out of that stock and had 5 times more CWRN after the dust settled. If CWRN would have let that cat out of the bag, the Mexican government would have had so many letters and emails from irate shareholders that weren't going to vacation in Mexico again, that the whole permit crap would have been fixed in 6 weeks instead of 6 months.. It's called tranparency and occasionally in the past it has been lacking..
CWRN has to get the dang road blocks out of the way or sell out to a big dog like Bao, who could handle the Mexican politicians with leverage. Otherwise shareholders will be spinning wheels for another couple years... We were told $32 million revenues for first quarter.. If something doesn't start moving a lot faster, soon, we will be lucky to do that for the year.. And it's not like the capabilities aren't there..
If we have 200 million tons of proven reserves, which is a good posibility, and get a fair in ground valuation of $5/ton, an offer should be in the 18 cent/share range, even with the AS as high as they are. If CWRN isn't going to go all out and get shipping and production to where it belongs, show me the money Bao.. Bob told me quite a while back that he thought CWRN was about to step on the gas.. There are days I want to go to Mexico and see who stole the dang throttle linkage on this hotrod... lol
