Can'o'corn is moving that slick and polished operation into full flow with Colossus Minerals (CSI.to). For the second time in the last few days CSI.to has made it into the Canaccord Morning Coffee publication, promising newsflow on drilling, hinting at further high grade interceptions and all that jazz.
Well fine. Ain't dat grand? But until the company has the balls to do a bit of step-out drilling at Serra Pelada all we're going to hear about are drills that intercept a resource everyone knows is there anyway, thus all pipes and whistles will be strictly for retail (as a sharp reader wrote in last week, "Aaaah, retail! The crop that never fails"). Meanwhile, insiders are again selling at these current prices. Wow, what a surprise. Betcha they continually forget to mention that detail to you.
Well fine. Ain't dat grand? But until the company has the balls to do a bit of step-out drilling at Serra Pelada all we're going to hear about are drills that intercept a resource everyone knows is there anyway, thus all pipes and whistles will be strictly for retail (as a sharp reader wrote in last week, "Aaaah, retail! The crop that never fails"). Meanwhile, insiders are again selling at these current prices. Wow, what a surprise. Betcha they continually forget to mention that detail to you.
Colossus Minerals Inc. (CSI)
| Apr 09/09 | Mar 31/09 | Kishida, Augusto | Direct Ownership | Common Shares | 10 - Disposition in the public market | -100 | $2.160 |
| Apr 09/09 | Mar 31/09 | Kishida, Augusto | Direct Ownership | Common Shares | 10 - Disposition in the public market | -9,900 | $2.150 |
| Apr 09/09 | Mar 31/09 | Kishida, Augusto | Direct Ownership | Common Shares | 10 - Disposition in the public market | -15,000 | $2.100 |
| Apr 09/09 | Mar 26/09 | Kishida, Augusto | Direct Ownership | Common Shares | 10 - Disposition in the public market | -5,000 | $2.100 |
Here below is the can'o'corn pump job from this morning. Expect "The Zees" (or 'Zeds' as you canucky types would say) to pronounce any time soon and an upcoming "Interview With Ari" by Pescod's Late Edition........heh?
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Colossus Minerals* (CSI : TSX : $2.18), Net Change: 0.06, % Change: 2.83%, Volume: 425,907 Getting ready for a colossal move? Colossus Minerals announced Thursday that it has accelerated its development plans for the Serra Pelada gold-platinum-palladium project in Brazil. Colossus now has three diamond rigs on the property operating on its Phase II drill-out program. Phase II drilling, which is anticipated to continue through the end of 2009, is focused on 500 metres of strike length of the Central Mineralised Zone as well as testing new targets to both the east and west of this Zone. To date, five holes of diamond coring have been completed with three more holes presently in progress. Colossus management stated that all completed holes appear to have intersected mineralisation and have been logged and sampled for assaying. CEO and Chairman Ari Sussman said, ”Facilitated by the company’s recent financing, Colossus is positioned and is putting additional systems in place to advance the Serra Pelada project to Final Exploration Report stage before end 2009, ahead of schedule.” Going forward, Sussman expects to see another set of assay results in the next couple of weeks. Campbell notes that one potential explanation for the recent run-up and outperformance of Colossus’ share price relative to other small-cap precious metal equities is the recent increase in the price of platinum and palladium. Colossus is weighted mainly to gold (we estimate ~70%), but still has significant exposure to PGMs (~30%). Campbell states that we should see regular drilling news flow from May-forward and the drill results will likely be the main driver for the shares in 2009.