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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 BobBuilderon Jan 02, 2014 7:45pm
360 Views
Post# 22054453

RE:NO GOLD!!

RE:NO GOLD!!
If the interim CEO is looking out for shareholders (which he should be), and he killed the last financing offer because it would destroy shareholder value, then for the short term he should be only in one mode.
 
Put construction / operations in idle mode - That's done.
 
Don't go looking for $70M in financing.
 
Go looking for $10M - $15M, or enough to pay short term debt / interest obligations, and continue dewatering, underground drilling and process a bulk sample from the CMZ.
 
Basically stop the panic mode and settle things down.  When the dust clears, CSI can present a clearer picture of the resource in a month or two.
 
The SP will trade in a range until then, and some real partners will step forward.  (keep the wolves at bay)
Bullboard Posts