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 295.41

-2.7%

Nov 20 4:00 PM EST

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To: William Puget who wrote (536)	4/26/1999 7:48:00 AM
From: Francis R. Biscan Jr.	Read Replies (1) of 1285

Morning, >>Gee. Let me guess who the debts are owed to. Nothing goes on for a year and we get to issue 1.0 million shares and dilute this company by 25%. Yuck!<< Yep..........thats pretty hefty dilution. I have not been able to reach anyone for discussion yet, as the AGM was Friday. One thing to keep in mind is that management had no real significant position in the company since most of the position was going to come from vending in concessions that will probably never come in anymore. Now they have aqquired a position and we can move forward, hopefully. There is also more dilution to come from the ausi's financing and possibly equity or project dilution from Teck, if they go for it. If this project throws off 25% of the cash that I think it could, It will all be insignificant. Have a good day, Rich

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