255,460 shares at 10.03 am at 25 cents. Have not seen such a good start to the day for some time for Crusader!
So expecting an interesting day for CAS in what looks like a down day for the ASX.
Hoping recent interest in Crusader is a sign Posse scale up to 1mtpa approval is close at hand.
With positive global Iron Ore prices (FOB lump prices around $140/t but a bit less at the gate), strong local demand in Brazil, Posse cash flow is very encouraging.
Anticipating backers for Borborema project funding are waiting for Posse 1mtpa licence approval. So following Posse approval it is logical to expect release of the DFS and funding details.
Feeling that confidence in Crusader's future is building.
CAS Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held
