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: Thomas J. Benthall who wrote (356)	9/10/1997 11:40:00 PM
From: Glen McGlaughlin	of 501

Thomas, I had a lengthy chat to-day with Mr Dil Gujral CEO and I am more confident that share prices have bottomed out, the company has firm sales for all the Cobalt it can produce at approx $25/lb and it appears that cobalt prices will hit $30+ in 1998.The next qtr financials will reflect the turnaround. A press release was issued to-day to indicate that all of the debentures have been exercised and therefore no further downward pressure will occur from that source. Also the company announced on Aug 27 that it has retained Guidera Communications of South Carolina to educate and inform Wall Street on Colossals operations in Zambia. If your not in, perhaps this is the time! Glen McGlaughlin o

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