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 318.48

+0.6%

Nov 7 4:00 PM EST

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To: menanna who wrote (1184)	1/24/2005 5:49:58 PM
From: TrueScouse	Read Replies (1) of 1285

Hi Anna: Welcome back! And thanks for posting the CSL PR. Things are getting really interesting and the market action is beginning to show it. There are some significant buyers coming in for the first time in many years -- and still not many sellers. As CC suggested, I should have picked CSL for Loantech's contest because I'd be well in the lead by now! :^( This bit in the PR really interests me... <The Company is pursuing a “quick start” plan to remove several million tons of troublesome sand & gravel sediments surrounding an intake pipe for the Puerto Ordaz potable water supply. This plan is to be done simultaneously with the sub-bottom profiling and sampling of the main portion of the reservoir.> So it looks as though in addition to doing the prior feasibility work, Cadre is going to be moving millions of tons of "stuff" fairly soon. The question is whether the VZ government is going to be paying them for this, and at what rate? If so, this could be megabucks for a little company like this. I'm going to give them a call tomorrow to find out about this. Meanwhile I'm hiding away trying to finish a proposal for a client. I'd sooner be online but the deadline's tomorrow. Ah well... :^) Talk to you soon, Howy

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