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 318.07

+0.6%

Nov 28 4:00 PM EST

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To: Andrew Bailey who wrote (465)	2/23/1998 7:32:00 AM
From: Francis R. Biscan Jr.	Read Replies (2) of 1285

>>Any news Rich. The stock looks real ugly. << No official news yet.....so the thread has been quiet. And yes, the stock looks ugly. It always does when your well in the red. >>Are we ever going to see a couple dollars on it again.<< Well, if you are asking, does the stock have potential to be a couple of dollars again. The answer is yes and I believe it is a financing away. With regards to the projects, nothing has changed. >>You were really excited when it was around $2 - now what? It is at .30 looking like it might go into the teens.<< I am every bit as excited about this project as ever. But, everything from here on out is tied to funding the project. With a financing we can advance the project. Without it, it is a painfull waiting game. Some people have given up and are selling their positions. The group that I am involved with are the ones doing most of the buying. We intend to see CSL through to the end. It is still a well structured vehical, with only 4.3 million shares out. I can not say wether you should stay or move on, but management continues to work on funding the project. They almost had it financed, but it fell through. They are working on something again, but who knows if it will work out, or how long it will take. Best of luck, Rich

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