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News: CAS Stratex shareholders block Crusader mining deal, page-8

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atko79

313 Posts.

07/11/17

10:26

Post #: 28562448
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Originally posted by taz17 ↑

To wild at the moment to express my thoughts clearly but it might be time for crusader shareholders to start thinking about a change in personnel like stratex. How could this deal go so wrong , clearly the voice of disgruntled stratex shareholders re: the merger wasnt taken seriously when we conducted due diligence( cant see Steve Cop being to happy atm- heavily invested in crusader)
Im sick and tired of hearing about how under valued crusader is compared to peers and the 1.6 mil oz gold at borborema. Its worth sh#t if you cant get it out of the ground, lost faith in the ability of Paul Steven to take a discovery (resource) and convert that into meaningful shareholder value, to many promises ( as mentioned by chelkn) with no results.
yes there was Posse which in the end created a big fat zero increase in share value for shareholders. Great for the locals though, at one stage there was about 100 people employed in Brazil where about five could have run the project - talk about bleeding money
it didnt seem that long ago trial mining was going to start at jurena with the $1 mil dollar crushing plant that we had accessed. That seemed the more logical project for crusader to concentrate its efforts on compared to borborema. Alot less capex required to get project of the ground and the gold grades are far superior, surely a great starter project with huge potential to expand. Not sure what happened but that line of though soon got dropped then borborema was the golden goose again.
Seem to to jumping all over the place and just chasing shadows, time to get some one on board with a proven track record in the mining industry who can make it happen.
Being a shareholder means we own a meaningful part of the business and tberefore should expect a better return on our investmest dollar - time to drop the rhetoric and produce results.
So much i still want to say but i think you get the idea- not sure of the companies future from here!
good luck to all Taz

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Hard to believe that they got this so wrong. I hope that plan B was being warmed up when the scheme was amended the first time.
What a clanger.

CAS Price at posting: 9.2¢ Sentiment: Sell Disclosure: Held
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News: CAS Stratex shareholders block Crusader mining deal, page-8

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chaos reigns markets – so let's take stock of where we're at ahead of December

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game