CLN 3.41% 8.5¢ colonial resources limited

Ann: Response to ASX Price Query , page-6

  1. 23,992 Posts.
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    More than a money spinner fluff....
    Shell to gold explorer/miner coming up in a hurry...
    If you check the 7 for 1 offer at 7c with a free attaching option for every 2 shares purchased, you'll see why there's some excitement.

    Also, with only 16 million shares currently on issue, it's a tightly held dream (and yes, check WTN for corporate know how and history) as the Top20 hold 57% of those 16 million...

    SO - not many shares for sale at all, therefore it's moving very quickly.

    I'd urge people to only buy the number that they can afford to pay 7 x 7c for, as the price is likely to pull back after ex date....
    The tighter held it is, the less the pull back.

    imo there is plenty left in this yet - and even more once the gold project is passed and happening.

 
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