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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia
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To: Glen McGlaughlin who wrote (260)5/23/1997 4:46:00 PM
From: Auboy   of 501
 
Hi Glen,

Here are the key events IMO:
March 6,1996 - Colossal gets Nasdaq listing.
Sept. 4, 1996 - 2 15 tonne electric furnaces " hot commisioned "
Oct. 29,1996 - SACOLCo. announced base metal plans unveiled.
Dec. 20,1996 - SCA financing
Feb. 10,1997 - Barplats refinery purchase.
Feb. 24,1997 - Colossal delists itself from VSE.
May 9,1997 - Official Kabwe opening.
May 15,1997 - Suit filed against SCA conversion of debentures suspended.

Without being glib the reason for stock slide is that there is more selling than buying. The biggest reason for this IMO is lack of information. The company seems to recognise this problem and info seems to be a little more readily available of late. Colossal tends to be a little behind but do deliver what they promise. If the projections in the Kabwe update are correct we can expect that the release of quarterly reports alone will greatly effect share value. It would be nice if we could get more timely and consistent reports on revenues.
Check out the link at "http://www.colossal-cobalt.com/supply.html" with info from USGS. Once again it will take time to download but is excellent info for Colossal shareholders.
Hope to have more info for you soon!

Best regards,
Robert (Auboy).
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