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

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To: kfdkfd who wrote (324)7/22/1997 9:40:00 AM
From: Francis Scavo   of 501
 
Kevin
The Inv. Guru is being too kind or still does not understand what is going on. "As far as we know their business plan is on track" Their business plan was NEVER on tract. I guess it depends on which of them you are looking at. Unless they gave him one the rest of us do not have. There PLAN OF ACTION said they would make $5.9 MILLION $US.in 1996. Now how much of a LOSS did they have in 1996? Missed the mark on that one. The Inv. Guru does not know why the stock price is going down. Does any body know how much more dilution there is to be with these debentures?Has the 10 ton furnace been running as yet? I have not heard from Colossal lately about there added the 30 Ton EAF furnace and fossil fuelled furnaces that was in there PLAN OF ACTION.
Francis
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