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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia
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To: Glen McGlaughlin who wrote (181)4/21/1997 1:10:00 PM
From: Glen McGlaughlin   of 501
 
Further to my April 20 post I just spent 20 minutes on the phone with
I.R person Tom Cochrane. He gave me a usefull update although not encouraging at least for the next 2-3 weeks until the debenture
vultures get cleaned out of their position. Colossal is continuing to stockpile until Cobalt prices reach $25/lb. One positive note is that prices are starting to move up and are currently around $22, up from $19-20 in mid Feb. Based on current trends the company should be selling product in the 3rd qtr and start to show a positive bottom line. I encouraged Tom to post an update to all investors on this thread and he comitted to do so within 72 hrs.
HOLD YOUR BREATH, THERE MAY BE LIGHT(COBALT?) AT THE END OF THE TUNNEL!
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