posted
to me its ready- MACD looks to be in a nice uptrend, looks to have formed a nice base at .0005 with resistance at .0007, .0010 and then .0015 area.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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posted
Having a look at this one today. Some good volume. Cotton & Western Mining, Inc. announced that its "Philippines In Country Affiliate" Astrolab Mining Corporation, has presented to the company's management a joint venture proposal that would bring into the Mindoro Island Project a third party energy company; who would provide the needed funding to ramp up and get the project underway. The proposal would eliminate the need for the company to secure the funding it is now working on and shorten the time frame needed to open the iron mineral rich Nagsabongan Deposit on Mindoro Island, the Philippines. Mr. Cotton has stated that the proposal has two most attractive merits, one, "the company would be able to start-up the project on the scheduled production targets while addressing the need to build a deep water jetty and high speed loading band at Wawa as soon as possible" and secondly, "the added value of having a prominent financial partner from the energy sector would greatly restore investors' confidence in our company." The management of CWRN will study the proposal and bring it to the board of directors for consideration within the next two weeks. The company is obligated under a non-disclosure agreement to withhold announcing the third party until such time an agreement has been executed between the parties. CWRN has stated in an earlier news release that the production revenues from Mindoro Island would be approximately $5,000,000.00 maximum per month while loading out of the shallow water port of Wawa on the Verde Island Passage; once a deep water loading facility is put into operations, the monthly revenues would increase to approximately $27,000,000.00 on 600,000 metric tons per month shipping.
Posts: 92 | Registered: Jan 2007
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posted
CWRN mentioned today on traders nation radio broadcast as a potential bottom buster. Risk/reward here is good under .0008 for a nice pop
Posts: 660 | From: california | Registered: Nov 2005
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posted
I have a sneakin suspicion this just may end up to be the next ucoi. Do you remember where ucoi started (as far as price?) Hey buying 500,000 or a million shares - they are so cheap it is worth the gamble.
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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posted
cwrn - something is brewing it seems. I am in and have been, but it has been more active (thank god). worth the watch for somethin so cheap
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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posted
yeah, I would have thought this would have run by now. I think it will - that is why I bought. Cheap enough for the gamble.
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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