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: Steve Huskey who wrote (364)	9/23/1997 2:21:00 AM
From: Glen McGlaughlin	of 501

Steve, spoke to Colossal people to-day and was informed that Q4 will not be out until December.That will also be their 12 month financials for their year ending Sept 30. Based on my conversation with CEO Dil Gujral about 10 days ago, the results for Q4 should show significant improvement on the revenue side, with Cobalt now selling for over $30 US/lb. For the year as a whole it is likely that CLPZF will be showing red ink since their 9 mth loss was $1,604,492. However one would expect that Q4 should show a positive cash flow which will carry nicely into the 98 fiscal year. I'm thinking of doubling my position at $1 US buck and crossing my fingers and"toes" that this company is for real and will prove it big time in 98! What are your strategies folks? Glen Mcglaughlin

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