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: Francis Scavo who wrote (334)	7/25/1997 12:26:00 AM
From: Steve Huskey	of 501

<<When the debenture conversion is thru and the SA plant is at up and running, then and only then will I take a second look.>> Sounds most reasonable. To me, this is a no brainer buy at about $1.00. That's looking to trade off most of it at 1.50 - 1.75 tho. I think this is a good stock to trade as it will go through some 50-100% fluxuations. Most of the problems are of a technical nature (the debitures) with the stock and not with the fundementals of the company, IMO, making it a good trade candidate. I like the picture as it is improving and it is a rare instance where we have a "mine" with no exploration and all the goods are fully known. I dont like the silence from management or it's handling of financing. They seem to have little concern for shareholder value. This is probably the biggest negative. Your comments are certainly reasonable and probably the best approach in the long run from a fundemental approach. I beleive this is a good one to trade (and have) and will approach it from that aspect for now. Steve

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