Colossus Minerals Inc (COLUF)

[phoenixgems]

Sluice.... Colossus Minerals is not directly involved in the lawsuit, however, the outcome of it could be detrimental to their forward progress. Under Brazilian Law, any contract/agreement that was made under a condition of illegal exclusion will become null and void (invalid) if the exclusion is reversed. And, in this particular instance the exclusion will most likely be reversed..... it's just a matter of time. Therefore, CSI will then be in a difficult position.

Here is a link that will help explain things a bit more.

http://www.cnq.org.br/index.php?option=com_content&task=view&id=17109&Itemid=2

It is not surprising that last year when CSI's stock went to $0.50/share was at the same time when Colossus was contacted about this very information.