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.

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Colossus Minerals Inc

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Comment by bob4977on Sep 19, 2012 11:40am

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Post# 20385659

RE: RE: Kudos to management!

No Vestor. You are not misreading this. This is an especially good deal for me because I own all three companies. CSI does not have to do a dilutive private placement which would include the banks getting their pound of flesh. that would be close to 20 million new shares plus options. With a little luck and good management they can pay back half the loan and that will only cost them about $15 million over 3 years. I like this deal best as a Sandstorm shareholder. As a CSI shareholder raising the money in the capital markets would be 20% dilution with no payback possibility.

Bob

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