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Colossus Minerals Inc COLUF

Colossus Minerals Inc is a Canada-based exploration stage company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties. The company's project includes Serra Pelada which is situated in the mineral prolific Carajas region near the towns of Curionopolis and Parauapebas, Para state, northern Brazil.


GREY:COLUF - Post by User

Bullboard Posts
Comment by BebeRebozoon Oct 06, 2009 6:54pm
290 Views
Post# 16367800

RE: Explain

RE: ExplainThe "powers that be" - ie the brokerages - don't want the stock to run until after the PP closes as if the stock runs too high they might be subjected to an enforced repricing of the PP by the TSX at a higher number, which will delay everything and perhaps cause some current investors to walk away.  So - the only way to combat that is to short into the rallies to drive the stock price down if it starts to run, to ensure the stock stays in its current range.  A dead giveaway is when you see the house Anonymous running up big sell numbers, sure sign of a short game manipulation going on.  They don't care about getting caught out on the short as they will supply the stock to cover it when the PP closes in a few weeks.  What they are really after is the commission on this deal, plus the broker warrants.  This is going to be a lucrative deal to a lot of brokers given how big it is - not a lot of financings going on in the last year if you hadn't noticed, and not a lot this big for sure.  So expect a large pop in the price when the PP finally closes - it will probably be tied to a big press release as well given by the 22nd the company should have more results to put out.  As Stalwart posted yesterday, don't expect anything from the pit for another couple of months as the first 3 holes haven't even been sent in for assay as of yet.  However, the Centralized zone looks like a dandy so I'd love to see some more intercepts from that zone while we wait for the Pit to send us to the moon.

Watch V.TCF for an example of what CSI may do come October 23rd - TCF just closed their PP today.  I am expecting news soon, as early as tomorrow perhaps, and if the SH boards are to be believed, it should be very good news.  I hope it is as I want to get out and get more of this baby before Oct 22nd.  Just look at this price manipulation of CSI as a gift by the brokers as I doubt we'll be seeing these share price levels ever again.
Bullboard Posts