Coleville Resources - CLL | Stock Discussion Forums

To: Donald F. DeKold who wrote (579)	12/5/1996 9:52:00 AM
From: Brian Warner	of 3058

Don, I appreciate the efforts of you and others on this thread to interpret the most recent press release. It seems that these releases often have the same underlying objective as many government budgets-- to conceal and/or obfuscate rather than to reveal and/or make clear. For what it's worth, I have been told by an expert who knows nothing of Coleville that the numbers cited in the release, if truthful and accurate, could make production worthwhile for the silver alone. I suppose time will tell. Insults aside, this thread's sheer entertainment value continues to make CLL well worth the price of admission! Cheers, Brian Warner

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To: Dave Warner who wrote ()	12/5/1996 10:02:00 PM
From: Glen McGlaughlin	of 3058

Now that we've established how much a tonne or a gram is, lets get to the bottom line on where CLL is going in the next 3-6 months! I've taken a modest position on this stock at $3.25 in anticipation of a tidy run up over the next few days. That now appears unlikely until the company issues a clear statement without all the mush as evidenced by yesterdays press release. I do agree however that the preliminary results still bode well for a substantial increase in share value over the next 12 months; it just means current shareholders will have to be more patient than that witnessed yesterday. To-days move up to $2.70 reflects a believe that there is strong underlying value. I concurr with that assessment. Sit tight and surf this stock!

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To: Tim Reddick who wrote (598)	12/6/1996 5:06:00 PM
From: Dave Warner	of 3058

Tim, You say "Would be interesting to see if any insiders(Directors) bailed out. Doubt it." - well, one did... NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: COLEVILLE RESOURCES LIMITED ASE SYMBOL: CLL DECEMBER 6, 1996 Coleville Resources Appoints New Director & CEO CALGARY, ALBERTA--The Board of Directors of COLEVILLE RESOURCES LTD. (CLL) trading on the Alberta Stock Exchange ("ASE"), is pleased to announce that, subject to any required regulatory approvals, Mr. Peter Perry has been appointed as a Director and the Chief Executive Officer of the company. Mr. Perry will be replacing Mr. Bruce MacDonald whose resignation was tendered and accepted by the Board of Directors on December 4, 1996. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Coleville Resources Limited Thomas E. Milley Director (800) 976-1122 (604) 327-9040 The above release has neither been approved nor disapproved by the Alberta Stock Exchange.

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