Colossal Resources - CLPZF - Colbalt in Zambia Message Board

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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia

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To: Tom McIlwain who wrote (185)	4/21/1997 4:11:00 PM
From: kfdkfd	of 501

Thanks for the update. I'm totally confused, is Colossal going to keep playing the pricing game forever. I assume the Cobalt that is processed, has a bottom line price and that you keep selling and contoling costs over time. It appears they will not have a profit from processing unless it's $ 25 or more. Also,They appear to have NO firm contracts and are intending to sell on the spot market. How long can they play this game. I thought Colossal was going to be a producer and sell product on an ongoing basis and develop business relationships as well as expand the business. It appears to me that we are a spot producer and will have a checkered profit or loss based on when they feel the price is best to sell. This is not the way to run an ongoing business. The news release of March 17 states: "Commercial sales of Cobalt-containing granules from initial production activities continue this quarter to customers in South Africa, Europe and Asia and should increase significantly from April." Is this true or NOT! Maybe this is Why the stock is reacting the way it is because who are you to believe -- selling product or waiting for best price???

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