I know hindsight is 20-20, but I was just thinking
Post# of 8054
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I know hindsight is 20-20, but I was just thinking about what the Mexican Governmet cost shareholders/CWRN by imposing the stop ship and reissue permit regulations which effed our company for nearly 6 months. It was entirely possible that we could have shipped out 100,000 tons of high quality ore, in the timeline our hands were tied. We are talking about 7-12 million dollars of pure profit depending on the grade of ore, considering the iron prices back then. If the permit law change would have been handled correctly, there would have been no disruption of sales or shipping by legit companies like CWRN. I don't like lawyers, but one would have to think there there should be some way to recoup our losses through their court system, when those kind of losses were caused by an inept government agency's FUBAR politics.. GRRR!
Time for a walk or something.. I'm really crabby today! LOL! You guys and gals have a great weekend!!!
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