Colossus Minerals Inc COLUF

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[bob4977]

Its not that you are necessarily the bad guy. Its just you are not seeing the world the way it is. What it looks like to me is that CSI's share price was badly depressed because they needed financing. It looked like they had to try a private placement at under $4 which would dilute them by about 20% or so depending on what price they would get. they would also have to pay all the broker's fees for this as well.

This agreement takes 35% of the platinum and palladium and 1.5% of gold and sells it to Sandstorm at basically cost. Now you are saying this is dilutive to shareholders and I agree that it is. The real question is which is more dilutive. I do not have the breakdown on the resource base but I assume management knows what they are doing. They crunched the numbers and decided this was the best route to go for everyone( except the brokers who do not get their 6% plus warrants). I am assuming they could not go to the local bank and get a loan at prime.

If you truly hate the deal you must think management is incompetent. In that case, this pop in the share price is the perfect opportunity to get out of the stock at a higher price. I know personally when the market is telling me an action is good I try to figure out how it could be that way rather than rail about it being bad.

Bob