if its classified as a mineral it went on a ship classified
if its classified as a mineral it went on a ship classified by ship line and not by cargo- thats the frustrating thing about watching ships- the great majority are classified just by ship line w no indication of the type of cargo either leaving ensenada or arriving at their destination.
so for a long time i wondered whether iron was going on such ships but now i think the mex govt is so paralyzed by the illegal S mainland mine problem or so fascinated by paralysis that they are penalizing iron miners countrywide as they've been doing in various ways since 2011 when cwrn was the 1st co to get a permit under the new rules- but the ship scheduled to depart dec21 2011 was cancelled by the govt just before signing the ship note and its been a series of govt games ever since as i've described many times-
the govt doesnt produce anything and wont let anybody else do so either -so their main export seems to be their people's illegal entry into the usa by the millions. they either dont have enough brainpower or staff to distinguish between the south mainland and baja- as i've been saying forever ''mexico learn your own geography''!!
what good does it do to institute the 7.5% EBITDA royalty if they wont create an environment conducive to shipping.
And in Bingo's 9-8-12 post cwrn discovered they treat cwrn's fert like iron ore. And cwrn's aggregate in the past has simply been trucked to cemex ensenada plant.
So in addition to the 5 year low price of iron ore these are the problems bob was facing and so brad may be facing also which requires a change in the dynamics-e.g. a fulfillment of the things PR'd in cwrns 2012 PR's,(which bob couldnt do because govt was blocking ore at port and couldnt get a permit for fert due to contested mex elections and didnt have the money to do esp w geo allegedly withholding millions) until the mex govt can grow up-a tall order- and learn their own geography
so we wait for brad- will he or wont he tell us after the CA case is done? which could happen the 24th if the court confirms its previous rejections of geos motions and enters a default judgement against geo the 24th
Cotton & Western Mining Inc. (CWRN) Stock Research Links
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