Steve,
You indicated furnances shut down, lets look back, June news release:
JUNE NEWS
Colossal Resources Corp. (NASDAQ - CLPZF) reports continuing processing of Nkana slag in the two 15 tonne Arc Furnaces at the Qasim Mining Enterprises Limited (QMEL) Plant at Kabwe, Zambia. Mr. Dil Gujral, President and C.E.O. is also pleased to report that the QMEL Plant at Kabwe was officially opened by the President of Zambia, His Excellency Mr. Frederick J. T Chiluba on May 16, 1997.
QMEL, in which Colossal holds 60% controlling interest, is producing and selling commercially saleable product at initial operating levels. QMEL is selling all the production output to customers in South Africa, Europe and Asia. The Company is also quoting on enquiries to prospective customers in India, Japan and North America on spot and contract supplies.
Now don't forget these were new furnances brought on stream in may/june, now we're shut down again. Dil told me in Aug, fine tuning was going on at these furnances. Who do you believe? It seems its taking an awfull long time to get this project on start up. The refinery in SA was in phase 1 in the 2nd Qtr. So I assume from your comments we'll hopefully see the plant put into production at the end of the year or early next year.
CLPZF has never indicated sales or whats happened in the 3rd QTR,
NO PR will move this baby without results, so I'm taking an attitude, show me. |
