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Gold/Mining/Energy : Cadre Resources (CSL.V) Awaiting production #'s and Financ -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (1048)	6/18/2003 3:51:24 PM
From: TrueScouse	Read Replies (1) \| Respond to of 1285

marcos: <<Neither of those has a high probability imho>> I agree. We're getting very close to the "make or break" time. Thanks for posting the PR. I didn't receive it by email for some reason. But the following is important: <<the company proposes to file a formal application in the next few days with the MEM for exclusive mining rights and tenure in accordance with the terms of Venezuelan mining law. Acceptance of that application and the granting of satisfactory permitting assurances will allow the preparation and arranging of finance for carrying out a detailed feasibility study>> "In the next few days" implies that someone's flown down there. I suspect that this is what the PP was all about -- to get together enough cash for one or more of the principals to go down, make the formal application and do some schmoozing. The big unknown, of course, is how long the MEM will take to process it, especially given the political situation. But, IF it goes through (vbg), Bateman is already lined up to finance the FS. Anyway, after all these years I've no intention of selling, so add my name to the asylum list. :^) And I still think it was Michael! Regards, Howy