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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ
CSL 322.80+0.5%Dec 4 4:00 PM EST

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To: Brian777 who wrote (458)12/2/1997 9:35:00 PM
From: Francis R. Biscan Jr.  Read Replies (1) of 1285
 
Hi Brian,

>>I just talked to Page and it sounds like the latest financing package will not go through. Apparently the intermediary started making some bizarre conditions literally at the very last moment.<<

Yes....the intermediary between our interested group and their money. So close, but...................... Page says this is a fine group and they are still very interested in doing something with us, but they will have to find the funds from a new source.

>>They are talking with several other possible sources of financing but with year end and Christmas it will be January at the earliest before we see anything.<<

Yep....Very much interest, but the holidays will slow things up a bit. I am learning patience. Bottom line.........show me a better project. I am sold on this one, it will find a financing.

Rich
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