In my view it is clear that Crusader are struggling to get the...

In my view it is clear that Crusader are struggling to get the placing and AIM listing away, as I have pointed out the AIM market has been going through a atrocious value destruction period. Their proposed listing could not have been more poorly timed.

Investors in London will be looking at historic performance, what they can see here is shareholder value decimation, lots of dilution, combined with exceptionally high overheads and director remuneration.

The last accounts shows a loss of nearly A$5m with only A$150k spent on exploration, salaries and G&A accounted for over A$3m

There is a need for Crusader to repay Stratex A$1.5m + interest by 1st May also, my understanding is this loan is secured.

One waits in anticipation, noticed that CAS has a stand at the UK Investor Show on 21st April, might be worth a visit.