DELIVERING DISCIPLINED GROWTH
Third largest primary Gold Producer in North America
Message: Otto sez.....Colossus Mineral ........
Colossus Mineral (CSI.to) announced a $21.5m placement this morning. This is about as subtle as a poke in the eye with a pointed stick. Here's how it goes, folks;
1. Stick your diamond drill machine into a place where you KNOW you'll hit a beautiful return. I mean if lil' old me, in just one morning, can grab hold of this PDF dated 2002 that says the Serra Pelada zone just drilled would be hot, would you call this info a brand new discovery?
2. Announce the results with pipes and whistles, and make sure all your Canadian friends with CFA after their names hit the phones and make their client base fully aware of the numbers.
3. Don't mention anything about the very iffy local politics in Serra Pelada.
4. Watch that share price rocket on volume
5. The very next day, go to market and squeeze 'em all to the tune of $21.5m.
"Carpe Diem", or "You takin' the piss 'ere, pal?"....YOU BE THE JUDGE!Strange coincidence to see The Albatross on the roster at Colossus, isn't it? I mean, Aurelian never tried to screw its shareholders into the ground in this way, did it? Oh, by the way, Albatross...nice timing on those options, dude.
The Canadian markets, the chummy-cosy managers of junior miners and the sleazy brokerages that have them all by the balls are a prize joke. And the funniest people of all are you retail shareholders up there who fall for these tricks every single time. Isn't it about time you got yourself a regulatory body that actually does something about the corporate criminals that ruin your investment life in quasi-legal ways? Nah...don't wanna ruin a good thing now, do we......?
| Jan 21/09 | Jan 21/09 | Anderson, Patrick Fergus Neill | Direct Ownership | Options | 50 - Grant of options | 200,000 | $0.480 |
The Canadian markets, the chummy-cosy managers of junior miners and the sleazy brokerages that have them all by the balls are a prize joke. And the funniest people of all are you retail shareholders up there who fall for these tricks every single time. Isn't it about time you got yourself a regulatory body that actually does something about the corporate criminals that ruin your investment life in quasi-legal ways? Nah...don't wanna ruin a good thing now, do we......?
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