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 bigbank91on Oct 17, 2013 2:30pm

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Post# 21824499

RE:RE:Dundee Securities: Sell rating & $0.50 target price for CSI

they probably fired the cfo over the warrants, they should have extended the offering at .75 and pulled in more cash right away. those warrants were a risk as he probably thought the price would rise from .75 to over .90 right away and the warrants would get exercised giving csi the extra money right away for .90. 20% more.
it backfired and the warrants will still sit there and maybe they need another 10M and will have to issue shares. it depends how much cash csi has right now and will burn in the next year before it can see positive cash flow. maybe they waited to long too as this downgrade puts a lot of pressure on the next financing if needed . should probably do a gold loan and try to get the sp over .90 and get someone to exercise the warrants for more cash.

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