Nothing we've seen so far in Geo suit would interf

Nothing we've seen so far in Geo suit would interfere with operations-and last I knew there was no Mexican filed case

For whatever reason Geo chose to file in Texas,where CWRN has no connections now after moving official HQ to Nevada as many companies do to avoid Texas franchise tax,but CWRN probably has no offices in Nevada-offices are in Ensenada-where Geo has offices also- and at the mine

INSTEAD OF Mexico-courts dont like forum shopping-and plaintiff could not get away with filing in 2 separate states for same action without being sanctioned by the courts-and while they may be able to file in Mexico for same case , WHEN Texas ct learned that,as they WOULD, Texas would probably most likely freeze the Texas case(SOP) to free overcrowded USA courts and shove the problem to Mexico court,where the greater nexus(connection) lies,esp since CWRN does not have any subs/assets other than PanAm. Texas court would probably be pissed for wasting its time and the legal process and would probably dismiss the suit with or without prejudice,so wouldnt make sense to file in Texas only to file in Mexico later-and last I knew (after the Texas filing) there was no Mexico filing

I dont see how Geo could've advanced much more than 2-2.5 million-probably no more than ca 1.5 mill in equipment-I had estimated all the equipment extant at time of 1st ship would cost 3-3.5 million IF NEW but we later learned a lot of initial equipment was leased or rented or used (which has since been rectified from earnings from shippings) so the most the equipment outlay could/ve been would be ca 1.5-2 million-(could also be outlay for some other things)

a figure (2million) used by geo itself in the lawsuit and then they mysteriously say without explanation a range of 2-5 million-but I think the real figure is closer to 2 million and the 2-5 million "range" is posturing-perjury laws are not enforced as to complaints so complaints tend to be outlandish and those in the business know that-clients/defendants often get hysterical when they see the hyperbole in a complaint so lawyers have to reassure their clients that such complaint hyperbole is SOP and "nobody will believe what the complaint says"

the complaint is like an opening salvo in a high stakes negotiation purposely constructed to reduce the opponent to jelly to get the opponent to say "uncle" out of fear of the legal process-where negotiation failed on a pre-filing level

no guarantees because we've seen a lot of crazy things but its not in Geo or CWRN's interests to interfere with operations-more money earned more money available for everybody

the 1 thing CWRN has telegraphed in the 6-25-12 PR is trouble w port over fees due to extended storage due to port delaying due to extended series of audits-as we've noted such extra audits could be part of Mexicos countrywide crackdown on illegal mines applied overbroad- something India is doing also,or could it be specific to CWRN? CWRN has told us multiple times its part of countrywide crackdown on illegal mines and port fees

no matter which one of these it is its been my feeling Mexico govt is blocking shipping due to that situation-because they've had 45k tons at the dock -an entire good sized ship -since at least 6-25-12 PR- whatever the problem bingo thought it would be cleared by July or August because he had indicated probable next ship Aug 2012 in late June

Mexico blocking regular iron ore over a port fee dispute would explain why CWRN focused on 0-1mm superfines and fertilizer beginning in May-running 3 screens up to 7 days a week to process over 200k tons of 0-1mm-

whatever it is murphy has been doing his thing and we probably wont know blockages are removed until after the fact with the "no promotion dont rock the boat" attitude prevailing until sec settlement, since it was a March 2010 promo (with no shares issued and no ill gotten gain) that got them into this trouble in the 1st place-and the punishment exacted as a result of that promo used as an excuse by murphy to delay is already beyond ridiculous imo.

this was the most undervalued stock at 1/2 cent -now its unbelievable-at .0005 total market cap is only 2.15 million,

at a PE of 15 (w penny stocks averaging possibly spec PE of 50-see my long posts on that) even ignoring any cement income stream,with probable profit of 12 million, so pps should be ca 4 cents

grajekk estimates inventory at 800k tons-which is very possible-certainly over 500k tons for a long time,and as per original ratios of 3-18/1-3/0-1 would be over 2.5 million tons now !

bingo said fert (probably well over 140k tons now-maybe 200k tons) was worth over 200/ton (implying 250/ton), 1-10mm is now ca 135/ton,and .5-1mm sinter fines are usualy 85% of 1-10mm price

140k fert by $200 is $28 million;   80k of .5-1mm sinter by $135 by 85% is $9.18 million; 400k 1-10mm at $135 is $54 million

for a total of 91 million dollars in inventory alone for 620k tons inventory. If they have 800k tons and fert goes for 250 instead of 200,would be a lot more. Since they keep producing (shirley and sharon 10-24-12 and new website) they obviously plan on shipping soon

Note-the alibaba fert etc is often inferior not ready for prime time product by desperate sellers with no established connections, so they use alibaba as a yellow pages to advertise their inferior product-read past posts re CWRN's superior fert compared to low 1.73% iron Azomite which goes for high prices- CWRN has low sulphur and does not have high concentrations of bad stuff and has 55.5% iron in its fert as per independent tests posted many times