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

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To: Glen McGlaughlin who wrote (378)10/4/1997 12:58:00 AM
From: Glen McGlaughlin   of 501
 
Further to my Oct2 post I have learned thru discussion with Guidera
Communications Pres and Dil Gujral CEO of Colossal that effective
Friday Oct 3, Colossal has severed its association with Guidera on the basis that it was unsatisfied with the performance of Guidera over the past month. Clearly there is a serious lack of confidence in Colossal
at the present time with share prices sliding further over the past week.The senior mgmt of Colossal have to accept some of the blame for this serious situation and must publically announce a turnaround strategy to build investor confidence! I would NOT AVERAGE DOWN until
there is some meaningfull information and quantitative data to show
a positive upside is imminent. At the moment,I'm sorry but I'm from Missouri!
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