debsyl wrote:
Jeff and Earl,

Thank you for your comments and yes, perhaps I should know better but....

I called CSI and they denied having a lawsuit. This poster was very vague, so I asked for a link as proof. Voila! I have a link, and a company who is telling me it is not true.

I hold a number of these stocks, averaging down as the price dropped and still I do my DD. If there is a lawsuit, as minor as it might be, I think the company should be up front and be truthful if asked.

Jeff, If I apply for a job as bus driver (even though I don't drive, I will use this example.) and am asked if I have any convictions on my MVR, I need to be truthful. If I don't bother telling them about a minor traffic violation, as it is, in my opinion, irrelevant I expect my interviewer will start to wonder if I haven't been misleading them on other aspects of my character.

I expect no difference from a company. No, it doesn’t need to be mentioned on an annual report, but if a shareholder specifically asks them about a rumour that is circulating around the internet, they need to be truthful.

I can read Dutch, but not Portuguese; perhaps, i should have visited my neighbour, it would have led to an interesting discussion

Debsyl, simply because you have a registration number from a court registry does NOT mean there is any ACTIVE litigation taking place.

My GUESS is that the Stockhouse poster who "kindly" provided you with that information goes by the username Phoenix Gems. Note that (by remarkable coincidence) that one of the LITIGANTS goes by the same name. Still think you're getting either "friendly" OR "unbiased" information?

Did you ask Colossus if they had EVER had any active litigation against them?

Using your example of applying for a job for as a bus driver: if you had a received a conditional discharge for an offense - which became permanent once you fulfilled those conditions - what would your answer be to the question: do you have a criminal record?

Note that once your conditional discharge became permanent that you HAVE no criminal record. So on your application would you answer "no" to the question "do you have a criminal record" OR would you answer "no" - but put an asterisk beside your answer, and then go into a discussion of your PREVIOUS brush with the law???

Debsyl, I went over the to CSI board at SH also, to see what the hub bub was about. I notice the pheonixgems person that was stirring this up had only had that nam de jour since the 15th of April of this year. A normal poster, who has little exposure to the market would rarely weigh in on a discussion with such veracity having only been around for a few days. There is an agenda here. It is possible this person may have taken other aliases:

This from another poster: "Phoenixgems, Rappy7, GoldDetect are exactly the same person"-

I think you may be playing against a stacked deck, and have one person encircling you and trying to discredit you in favour of their agenda.
SH posters can be tough.

You may wish to contact SH, and have them monitor the conversation, and see if one person is taking on multiple aliases. This is a violation of their rules.

Brian Boutilier wrote:
Debsyl, I went over the to CSI board at SH also, to see what the hub bub was about. I notice the pheonixgems person that was stirring this up had only had that nam de jour since the 15th of April of this year. A normal poster, who has little exposure to the market would rarely weigh in on a discussion with such veracity having only been around for a few days. There is an agenda here. It is possible this person may have taken other aliases:

This from another poster: "Phoenixgems, Rappy7, GoldDetect are exactly the same person"-

I think you may be playing against a stacked deck, and have one person encircling you and trying to discredit you in favour of their agenda.
SH posters can be tough.

You may wish to contact SH, and have them monitor the conversation, and see if one person is taking on multiple aliases. This is a violation of their rules.

Brian, if the "PhoenixGems" ID you were looking at is brand-new then he had created a NEW ONE. This person has been posting under a very SIMILAR username going back to AT LEAST 2009.

Debsyl, on a more general note, creating multiple ID's is a frequent trick of professional bashers.

Sadly, my experience with Stockhouse is that they tend to police LEGITIMATE members much more closely than the professional bashers - who can go on and on and on with their games and seemingly NEVER get banned. Of course unlike LEGITIMATE individuals, even when the professional bashers are banned they simply create a new ID, use an internet proxy if necessary, and then they are back to bashing.

Given that the system is WARPED in favor of the shorts/bashers, this is one very good reason to give any/all NEGATIVE posting about companies much less credibility than positive positing. Another reason is MOTIVE. There is only ONE possible LEGITIMATE motive for bashing" shorting a company. "Shorting" is PURE gambling. So the first question is why would we EVER want to base our own buying/selling on the opinion of some sleazy gambler.

Then there are the ILLEGITIMATE reasons for bashing - starting with the old bash-and-buy.

YES, there ARE "pumpers" out there on the other side of the equation. However, not only are the pumpers generally VERY obvious cheerleaders (and thus harmless) but in a sector FULL of grossly undervalued companies, chances are that many of these so-called "pumpers" are UNDRERSTATING the upside of these miners.

Once you become a veteran of these stock bulletin boards, you generally ASSUME that anything negative posted about a company is some sort of distortion of the truth. That doesn't mean that you don't FOLLOW UP any links/leads/evidence supplied - but view it with EXTREME skepticism.

I got a letter today about anual board meeting and who to choose election of directors.
thats all

lynnham wrote:
I got a letter today about anual board meeting and who to choose election of directors.
thats all

I admit to NOT following the internal politics of these companies.



To begin with, I'm not NEARLY enough of an expert or "insider" in this sector to KNOW who I should or shouldn't be voting for. Secondly my holdings are such that MY vote is unlikely to sway any elections.



There WILL be times when there are important developments for a Company which REQUIRES that shareholders vote (such as a proposed merger or take-over), so there ARE definitely times when shareholders should be encouraged to PARTICIPATE in this quasi-democratic process.

However, as a general rule I think investors will make more productive use of their (limited) time by studying the OPERATIONS of these companies rather than their POLITICS.

I am sorry; I didn't mean to cause such a stir about this. I expect I got carried away with my DD. I know anyone can post on the internet under any name as one does not use one's real name, but I figured if I was given a link re legal document, I would make every effort to read through it.

I really enjoyed looking into this company, and I am cautiously optimistic, but no matter how many times you tell us that it’s just the market and that the shorts/bankers are driving gold/silver stocks down, it is still difficult to let go of the feeling that perhaps you are wrong. Imagine that Jeff .. sorry.

I have no trouble sleeping at night, it is getting up in the morning when the markets open ...  No doubt you have your share of the "family farm" invested in the gold and silver miners, but I am still fairly new of this "game" and so I am still checking over my shoulder.

Can I chalk this up to still learning?
I do sincerely appreciate your comments.

debsyl wrote:
I am sorry; I didn't mean to cause such a stir about this. I expect I got carried away with my DD. I know anyone can post on the internet under any name as one does not use one's real name, but I figured if I was given a link re legal document, I would make every effort to read through it.

I really enjoyed looking into this company, and I am cautiously optimistic, but no matter how many times you tell us that it’s just the market and that the shorts/bankers are driving gold/silver stocks down, it is still difficult to let go of the feeling that perhaps you are wrong. Imagine that Jeff .. sorry.

I have no trouble sleeping at night, it is getting up in the morning when the markets open ...  No doubt you have your share of the "family farm" invested in the gold and silver miners, but I am still fairly new of this "game" and so I am still checking over my shoulder.

Can I chalk this up to still learning?
I do sincerely appreciate your comments.

Debsyl there are no apologies necessary here.



1) You're a shareholder (who DOES "do her homework"). This is a FORUM. You had a CONCERN. No more justification is necessary.

2) There was nothing either improper or unfair about your questions, nor was there any nefarious intent of any kind.

3) Just as I say to Seb when he "rattles my cage" about the gold or silver markets, this is PART OF the "education process".



You can't "know" all of these things without learning them (somehow/somewhere) and we BILL our site as a place for people to come and learn. So we ALWAYS have the time and the patience to address legitimate questions/concerns.

Furthermore, as I have pointed out previously, it is GOOD for people to CHALLENGE US to defend particular positions or arguments. This is what separates us from many other precious metals sites: we NEVER hide from our audience.

If you doubt me/us, and express those doubts, you KNOW that you will get a rebuttal. Not only do we see that as something which helps us build member-loyalty, but it's also a great way to boost our CREDIBILITY.

If people CAN'T defend/stand behind their opinions that says a lot. When they CAN defend their views that says a lot too...

Jeff Nielson wrote:
Debsyl, on a more general note, creating multiple ID's is a frequent trick of professional bashers.
Sockpuppets are what we called them in the old days (USENET).
en.wikipedia.org/wiki/Sockpuppet_%28Internet%29

Colossus Minerals Drills 109.89 g/t Gold, 0.75 g/t Platinum and 15.51 g/t Palladium in the GT Zone and Continues to Expand Upper Limb Mineralization



finance.yahoo.com/news/colossus-minerals...09-89-100100177.html


TORONTO, ONTARIO--(Marketwire -04/25/12)- Colossus Minerals Inc. (the "Company" or "Colossus") (CSI.TO - News)(COLUF.PK - News) is pleased to announce assay results from the 15,000 metre surface drilling program at its 75% owned Serra Pelada Gold-Platinum-Palladium Project. The Serra Pelada Project is a Colossus-COOMIGASP joint venture located in the State of Para, Brazil.

HIGHLIGHTS

GT ZONE



-- SPD-142 intersected 9.8 metres at 109.89 g/t gold, 0.75 g/t platinum and
15.51 g/t palladium including 0.80 metres at 1,336.13 g/t gold, 8.46 g/t
platinum and 188.14 g/t palladium. The hole was an up-plunge step out
and is located only 120 metres west from the historic Serra Pelada pit
indicating the potential for additional high-grade mineralization along
the GT Zone parallel to the pit.
-- SPD-149 intersected 11.54g/t Au, 2.04 g/t Pt and 2.61 g/t Pd over 3.8
metres. This hole filled an 80 metre gap in the GT Zone.
-- SPD-150 intersected the GT Zone and returned 14.46g/t Au, 1.48 g/t Pt
and 2.03 g/t Pd over 3.3 metres confirming the high-grade nature of this
part of the zone.
-- The new intersections in the GT Zone increase the overall width of the
zone by 10-35 metres down dip towards the lower limb portion of the
Central Mineralized Zone ("CMZ"). The GT Zone now extends for 550 metres
of strike length and remains open up-plunge to the northeast and down-
plunge to the southwest. Step-out diamond drilling will continue for the
balance of the 2012 drill program in order to delineate the full extent
of this important zone.

UPPER LIMB



-- SPD-146 intersected a high-grade interval on the upper limb containing
20.9 g/t gold over a 2.0 metre interval demonstrating the potential of
this part of the extensive fold structure.

Claudio Mancuso, President & CEO of Colossus commented, "We are now confident that the GT Zone has the potential to become a much more meaningful part of the overall mineralization at Serra Pelada. The results also confirm the mineral potential of the upper limb which we will continue to test with systematic drilling. We are looking forward to continued flow of assay results from drilling as we step out up-plunge along strike."

DETAILS

This release documents results (Table 1, below) from drilling of the GT Zone and that portion of the lower limb between the GT Zone and the CMZ, the significance of which are also discussed. Figure 1 shows the positions of the new drill holes and plan views of the mineralized zones being explored on the Serra Pelada property.

TABLE 1: SIGNIFICANT DRILLING RESULTS



----------------------------------------------------------------------------
Mineralized Drill-hole From To Interval Gold Platinum Palladium
Zone ID (m) (m) (i)(m) (g/t) (g/t) (g/t)
----------------------------------------------------------------------------
GT SPD-142 167.40 177.18 9.78 109.89 0.75 15.51
----------------------------------------------------------------------------
including 167.40 168.20 0.80 1,336.13 8.46 188.14
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GT SPD-144 329.95 333.96 4.01 3.09 0.43 0.27
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GT SPD-145 186.20 188.90 2.70 5.01 3.54 6.83
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Upper Limb SPD-146 177.0 179.0 2.00 20.93 0.02 0.03
----------------------------------------------------------------------------
including 177.0 178.0 1.00 40.35 0.02 0.06
----------------------------------------------------------------------------
GT and 314.40 315.60 1.20 2.79 1.82 1.03
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GT SPD-149 158.10 161.90 3.80 11.54 2.04 2.61
----------------------------------------------------------------------------
including 159.70 160.70 1.00 18.48 1.03 1.97
----------------------------------------------------------------------------
and 160.70 161.90 1.20 20.34 4.34 4.83
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GT SPD-150 278.00 281.30 3.30 14.46 1.48 2.03
----------------------------------------------------------------------------

----------------------------------------------------------------------------
GT SPD-152 274.50 290.30 15.80 1.32 0.19 0.25
----------------------------------------------------------------------------

----------------------------------------------------------------------------
Upper Limb SPD-155 69.80 71.80 2.00 5.57 0.32 0.56
----------------------------------------------------------------------------
GT and 244.30 254.15 9.85 3.38 0.10 0.11
----------------------------------------------------------------------------

----------------------------------------------------------------------------
(i)True thickness not known, but intersections in upper and lower limb
mineralization represent approximate true vertical thicknesses. Intercepts
determined on a 1 g/t (gold+ platinum+ palladium) cut-off grade

GT Zone and Lower Limb Mineralization

Drilling continues to focus on the lower limb mineralization, in particular the GT Zone and the gap between this zone and the CMZ. The potential for the GT Zone to become a meaningful part of the overall mineralization at Serra Pelada is becoming more apparent especially with the intersections of high-grade gold in hole SPD-142 and the upper limb portion of hole SPD-146 (see Figure 1 below). The GT Zone now extends for 550 metres of strike length and remains open up-plunge to the northeast and down-plunge to the southwest. Step-out diamond drilling will continue for the balance of the 2012 drill program in order to delineate the full extent of this important zone.

The current drilling is focusing on expanding the GT Zone further as results from holes SPD-142, SPD-152 and SPD-155 indicate that the lower limb is well mineralized and locally contains thicknesses not typically encountered thus far. Holes SPD-144, SPD-146, SPD-152 and SPD-155 are some of the first holes specifically targeted to test outside of the defined GT Zone trend to try and connect the GT mineralization to the lower portion of the CMZ. These holes were successful in intersecting lower limb mineralization confirming the extension of the GT Zone towards the CMZ by 10-35 metres.

SPD-142 was drilled on section 375NE and designed to test the potential for additional high-grade mineralization along the GT Zone trend. The hole was an up-plunge step out and is located only 120 metres west of the historic Serra Pelada. The hole returned 109.89 g/t gold, 0.75 g/t platinum and 15.51 g/t palladium over 9.78 metres including a high-grade intercept of 1,336.13 g/t gold, 8.46 g/t platinum and 188.14 g/t palladium over 0.80 metres. This hole proves that high grade potential exists within the vast lower limb system and that GT Zone may simply be a higher grade portion within this larger mineralized zone. The current plan is to conduct tightly spaced holes around the intercept at 25 metre intervals in order to reveal the extent of the high-grade mineralization in this area before heading up-dip along the lower limb.

SPD-149 was drilled on section 325NE and designed to fill an 80 metre gap in the northeastern portion of the GT zone. The hole was collared on the interpreted northwestern limit of the GT Zone boundary. The hole returned 11.54 g/t gold, 2.04 g/t platinum and 2.61 g/t palladium over 3.80 metres including two subintervals containing 18.48 g/t gold over a 1.00 metre core length and 20.34 g/t gold over a 1.20 metre core length. There are very few holes that have been drilled to the northwest of SPD-149, making the up-dip potential of the zone very promising. Continued drilling of these large gaps and up-dip along the zone has the potential to add to the overall mineralization.

SPD-150 was drilled on section 25NE in order to confirm the presence of high-grade gold mineralization down-dip of previous holes SPD-056B and SPD-057 (see press release dated October 6, 2010 for results). The hole returned 14.46 g/t gold, 1.48 g/t platinum and 2.03 g/t palladium over 3.30 metres. Drill hole SPD-152 was drilled 61 metres southeast and along the same line as SPD-150 and encountered a thick interval of lower grade material. Additional drilling in between these two holes is planned in order to better understand the transition of the mineralization from a three metre high-grade interval to an almost 16 metre thick lower grade interval. The portion of the GT Zone up-dip from hole SPD-150 is open and will be drill tested in the near future.

Drill holes SPD-144 (50SW), SPD-145 (200NE), SPD-152 (25NE) and SPD-155 (midway between 125 and 150 NE) were drilled to specifically test for the occurrence of GT Zone type mineralization outside of the currently defined strike trend and these holes all intersected mineralization of varying grades and thicknesses (see Table 1 above). The mineralization encountered ranged in thickness from a few metres to over 15 metres demonstrating the precious metal potential of the large lower limb.

Upper Limb Mineralization

SPD-146 was drilled on section 50SW and designed as a 25 metre step out hole southeast of hole SPD-144. The hole returned 20.93 g/t gold, 0.02 g/t platinum and 0.03 g/t palladium over 2.0 metres in the upper limb contact area and 2.79 g/t gold, 1.82 g/t platinum and 1.03 g/t palladium over 1.2 metres further extending the mineralization southeastward of the current GT Zone trend and indicating that precious metals exist in the gap between the two zones. The high-grade upper limb gold intersection demonstrates the potential of this part of the extensive fold structure to add to the overall mineralization at Serra Pelada. Hole SPD-155 also encountered high-grade gold values in the upper limb portion of the fold structure. While the upper limb has not yet been specifically targeted, the results to date indicate that it may have a key role in expanding the overall mineralization at Serra Pelada.

Serra Pelada Geology

Gold-platinum-palladium mineralization at Serra Pelada overprints metasediments occupying the hinge of a large fold. The CMZ comprises mainly steeply dipping bodies in the fold hinge zone but extends onto the upper and lower limbs of the fold. The GT Zone represents shallowly-dipping gold-platinum-palladium mineralization and occurs as siliceous, argillic and carbonaceous alteration and iron oxide-rich breccia on the lower fold limb.

Technical Information

Diamond drilling was HQ cored. Sampling of core (by Colossus personnel) and sample preparation (by Intertek Limited, Parauapebas and SGS Geosol, Parauapebas, Brazil) were carried out under strict protocols recommended in the National Instrument 43-101 Technical Report dated January 31, 2010 on the Serra Pelada Project. After photographing and logging, core intervals (drilling advances, averaging one metre in length) were cut and/or split in half, yielding samples of two to three kilogram mass. Where core recoveries were low, intervals were composited to yield approximately one kilogram minimum sample masses. Intertek and SGS Geosol pulverize one or two kilogram splits (greater than 95% passing 106 microns) from the crushed (greater than 95% passing 1.7 mm), dried samples. Duplicates, blanks and certified gold-PGE reference materials were inserted in the sample train by Colossus personnel prior to Intertek preparation work.

The labs insert additional blanks, duplicates and high grade gold/PGE reference materials in the assay stream and replicate or duplicate assays were performed routinely and on most medium- to high-grade materials. Fire assays for gold, platinum and palladium were on 25 gram subsamples utilizing a lead-rich collector material and AA finish.

The Intertek and SGS Geosol assay results for blanks, duplicates, replicates and also all reference materials were well within generally accepted QA/QC measures. A 200 gram aliquot of medium and high grade pulps were rotary split from each pulp by Intertek and SGS Geosol and one of these samples was securely shipped directly by Intertek to Genalysis Limited, Perth Laboratory for check assaying. A similar procedure is used for samples assayed at the SGS Geosol lab with the samples being securely transported to the Intertek lab in Parauapebas, Brazil for check assaying.

Graham Long, Vice President, Exploration of Colossus, is a qualified person under National Instrument 43-101 and is responsible for this release and has verified the contents disclose