Colossus Minerals Inc COLUF

Fun Starts if it Goes To Bankruptcy

[wwadehammer]

BS is over if it goes to bankruptcy.  Strictly a bidding war then.  NI 43-101 was a joke.  Didn't count less than 5 gpt.  Drill spacing was over 50 meters.  The 270,000 ounces projected would be 5 to 20 times higher if drill spacing was 10 meters.  So you have a brand new $200 million plant ready to go right next to the mine.  You have other properties that show great promise.  And people are saying that no one will bid over $100 million to get the company.  Get serious.  This whole thing to me seems like an Arias ploy to get the shareholders to panic and sell out cheap.  Arias knows what's going on and he's trying to get control on the cheap. There will be another low-ball offer announced Monday.  Don't fall for it.  They didn't build a $200 million plant for 270,000 ounces, they built it for 2,700,000 ounces.  Let it go to bankruptcy.  We should see bids of at least $300 million.  Go ahead and laugh all you bashers who enjoy jumping in when things look bad.  I just bought another 30,000 shares for $1,000.  This is the best risk/reward investment I've ever seen.  I've seen mining stocks facing bankruptcy go from 5 cents to twenty dollars.  If you bashers really were interested in anything other than enjoying misery, you would post something thoughtful like what the drill spacing actually was and what the NI 43-101 would look like if current drilling results could be extrapolated.  Good luck to the longs.