Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (6204)	3/27/2005 8:18:07 PM
From: TrueScouse	Read Replies (1) of 8273

marcos: <what do you think will happen next with Cadre? ...> Nothing this week... Semana Santa! I think much of Latin America ground to an economic halt about 10 days ago. :^) Seriously though, I think things are still ticking along, although perhaps at a Venezuelan snail's pace. I'm concerned that the political rhetoric regarding Chavez has been picking up, and I suspect there's lots of overt/covert activity going on. My hope is that things don't get polarized further to the extent that all projects involving foreign corporations get frozen. But CSL seems to be well-placed vis a vis some key players (e.g. the State Governor) and the project has demonstrable benefits from an ecological perspective, so I'm hoping it will proceed without further delay. The share price has gone quiet over the last couple of weeks. Nobody seems to be selling, but there's not much buying interest either at present. We need a "definitive" PR -- you know... something like "Cadre Resources signs multi-million dollar contract, forms JV with Bateman and .... "! I'm trying to be patient... :^) Best regards, Howy

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