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: Cornelis van Helden who wrote (281)	6/16/1997 5:45:00 PM
From: Dick Roy	of 501

I would react with close attn to what shareholders are saying. Besides what I put in here is just common business sense. I sent them direct e-mails. My intent is positive. If they run a tighter ship it's in their as well as our interest. If they put out meaningful IR I will be the first to cheer. On another subject: there was very interesting TV blurb on NBC I believe about big potential of African capital markets and how mutual funds like Morgan Stanley's are generating big returns this year on their Africa funds. I do think that many Aftican countries will in fits and starts wake up and become part of "globalization". Zimbabwe's stock market went up 72 pct last year. S. Africa went down 20 some pct, but that may be temporary. This is why I have had interest in Canadian jrs operating in Africa. Problem is finding cos with good managements. So I am now looking for larger more established players and maybe mutual funds like above. And hold on CLPZF meanwhile. All the best Dick

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