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

To: Francis R. Biscan Jr. who wrote (453)	11/18/1997 8:45:00 PM
From: TrueScouse	Respond to of 1285

Thanks Rich. $10 million would be nice :^} Howy

To: Francis R. Biscan Jr. who wrote (453)	11/18/1997 8:46:00 PM
From: Joel W. Grothendick	Respond to of 1285

Rich, I certainly hope patience pays off for all of us, especially me (considering the bath I took on ipm). Guess I won't have the cash to add to my csl position that I had hoped. I will attempt to call Page this week and will post anything new that I can. Thanks for your unrelenting faith. Joel

To: Francis R. Biscan Jr. who wrote (453)	11/20/1997 10:19:00 AM
From: Joe Bilich	Read Replies (1) \| Respond to of 1285

I had an opportunity to call Cadre yesterday and spoke to Page Chilcott at some length. While I don't have anything really earthshaking to add to the thread based on the conversation (you have reported the developments at some length already) I did come away from the conversation with one solid impression: Page Chilcott seems like a real solid type--no hype, just solid facts and plans. I felt pretty comfortable that he had things under control and was capable of waiting things out to get the company a good deal. A couple small things to note: There are two groups in discussions now. The basic differences in proposals are that one would take gold only and the other would include the other products, and one would take the project now (and essentially bet on a favorable Bateman study outcome) while the other would wait for that study. In one case the discussions is directly with the princiapsl, in the other complicated by going through intermediary agents. These discussions are in no way a "standstill"--Cadre continues to entertain and in fact get other indications of interest, one as recently as this or last week. The two groups now in discussions are aware that Cadre will entertain any other offer that will come along too. Page indicated that they would not do any promotion until they had a good story to tell (i.e. a deal and then visibile progress on the study). All in all I felt that they were still working their plan through a crummy market.