Cadre Resources (CSL.V) Awaiting production #'s and Financ Message Board

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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ

CSL 318.41

+0.6%

Nov 7 4:00 PM EST

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To: marcos who wrote (1028)	5/7/2003 12:41:12 PM
From: TrueScouse	Read Replies (1) of 1285

marcos: <<political risk, ya gotta love it ....>> LOL! One thing that keeps me involved with this is that, despite the current situation, historically Venezuela has a better record of democracy than many other countries. So, the hope is that Chavez will follow due process, hold his referendum and call an election if one's required. Either way, I think Cadre's getting closer and closer to a deal that will guarantee long-term rights to the project and lead to the feasibility study -- and we know that they've already got a lot of the info for that ready and that Bateman is still involved and willing to fund this. So.... Ever optimistic.... :^) IMHO, if/when this project does move ahead, CSL could become a 10- or 20-bagger in very short order. So I'm quite prepared to wait a few months longer for that sort of potential return. After all, some of my positions in really solid resource stocks (like CBD) haven't done much better in the last 12 months! Cheers, Howy

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