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)	9/12/1997 1:37:00 PM
From: Dick Roy	of 501

I wrote to Colossal last week to ask for complete financials from last quarter and asked a number of questions. If Dil Gujral is going to issue press releases based on actual accomplishments and sales I would expect the stock price to move up. I figured I had nothing much to lose ("in for a penny, in for a pound") and bought some shares last month at roughly current levels. If price moves up at least I'm averaged down and becomes profitable overall at relatively low price. If co. goes South, I haven't lost much more than I had already (and my overall U.S.-listed portfolio is up about 50 pct from mid-96) but I saw no point of compounding the mistake of not bailing out immediately after the Vantage trading halt by panicking now, though I wouldn't buy any more without solid evidence this co. has a future and is managed professionally.

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