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

To: Clifford A. Brown who wrote (524)	10/5/1998 11:23:00 PM
From: Joel W. Grothendick	Read Replies (1) \| Respond to of 1285

Hi Cliff, >>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 One concession is presently being worked with outdated equipment yielding 24K ounces of gold per year.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 I totally agree with you here but my point is this: We can have the best project in the world but it will only be as good as it's developers/management. It has become painfully clear that the current management does not have the connections and or skills to get the funding necessary to make this thing fly. In the past 21/2 years + I have heard so many different tales of immanent financing and subsequent excuses that I have no faith in the current team at all. The only financing I did see was from our poor friend Rich, and the way that one went down just wasn't right. I've heard everything from translation problems to someone's mother falling down to crazed old men as to why we get nowhere. I think the only things I haven't heard yet on this one is A) We got the money and are moving ahead or B) The VSE dog ate our financials, that's why we haven't filed and are halted. I certainly hope I'm wrong, but in going on 3 years of experience I have no reason to believe I am. Regards, Joel