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


To: TrueScouse who wrote (522)10/1/1998 7:13:00 PM
From: Joel W. Grothendick  Respond to of 1285
 
Howy,
No solid news, just the same old stories and excuses. We got a good
shell here, wish someone who could at least accomplish SOMETHING would
step in. (vbf) :-(

Joel



To: TrueScouse who wrote (522)10/5/1998 11:56:00 AM
From: Clifford A. Brown  Read Replies (2) | Respond to of 1285
 
Howard,
I spoke at length with Page Chilcott, CSL President, last week. To summarize our conversation: Page indicated that major investors were being actively pursued. There are presently 5 groups showing serious interest. 2 of these have made on-site visits at their own expense. One investor would like 100% of the project but has limited resources, another has experience with alluvial projects and would bring in heavy equipment from another project. In addition, a group primarily interested in titanium has recently surfaced. Page is both personally and financially committed to this project.

And from another source: Stan Sander, Chairman and CEO, is actively involved and not pursuing any other projects.

I am as tired of waiting as anyone but this is a fundamentally sound project with proven resources and proven methods. One concession is presently being worked with outdated equipment yielding 24K ounces of gold per year.

Cliff Brown