Coleville Resources - CLL Message Board

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Gold/Mining/Energy : Coleville Resources - CLL

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To: Turk who wrote (1216)	3/17/1997 10:08:00 PM
From: Jason Ellis	of 3058

Ever since the annoucement on Mar 6, CLL has been dropping steadily. Now this is a very bad thing, if it is a nose dive, then it'll bounce back up, but it is a steady drop, that shows the market is not happy with the annoucement results. Quite frankly the results are quite poor. Some locations have good results, but overall, it seems that if some of those locations has numbers like 0.9g/t for Au, then the miracle number of 12 million ounces is getting less and less realistic. Today's closing price is shockingly low. I can't imagine what will happen with the rate of drop. As to ANZ, well, they re-define the words "nose-dive" and "volatile".

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