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

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To: kfdkfd who wrote (344)8/26/1997 10:48:00 AM
From: Tom McIlwain   of 501
 
Kevin:

Expect the South African refinery to be up and running shortly. In final stages of testing now.

I believe slight drop we saw to $1 level was due to the political unrest in Zambia. The call by the former president for investors to not invest in Zambia I do not take too seriously as Zambia was a zoo under his leadership.

Also, apparently a major research report on the company is being prepared by a firm in London. Should be out in September.

Tom McIlwain
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