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

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To: Francis Scavo who wrote (323)7/21/1997 10:22:00 PM
From: kfdkfd   of 501
 
Todays Investor Gurus comments
CLPZF Colossal Resources

Any new thoughts on Colossal Res which you were very high on last Feb when it traded at $5/US, last time I checked it was trading at a measly $1.50! Do we unload and move on?

RESPONSE: I wonder how the First Marathon or several other analysts answer this question who actually did recommend Colossal, at over $10 a share? Whether to hold or sell we can only say read our disclaimer page. Colossal will be dropped from our site soon if we don't get a satisfactory update from Mr. Gujral. As far as we know their business plan is on track, but you just can't get through to their key people to get an explanation of what is going on with the stock price. No news and little shareholder communication could be the reason for the recent sell off in itself, but we just don't know. We said at Market Pulse and on our 900 number, over three months ago, that technically Colossal has broken down. It bounced off $1.15 to over $2.50, when we said again that if Colossal couldn't hold $2 that it would probably break down again, and has. Without news or updates from the company, and we are still trying, how can we comment on anything other than technicals.
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