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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 (469)	3/21/1998 2:45:00 PM
From: chevalier	Read Replies (1) \| Respond to of 1285

Just read the news release which reminded about this company that you brought to my attention a while back, the difference being that it is now attractively priced. Just one question: why are they having so much trouble getting financing if the net earnings are so favorable. From the research that I have done on this front investors should be banging down their door for money. The conclusions that I came up with are as follows: 1)Nobody wants to invest in a project in Venezuela, 2)management is not well respected in the business world or has no financial connections. I do not buy the arguement that it is because the POG and the state of the junior market why they cannot get funding. Good projects get money in any market. Any thoughts Ari