Ann: Crusader Raises $8.5m in Oversubscribed Placement-CAS.AX, page-12

"There's gotta be a better way going forward than these random capital raisings which are killing the upward momentum in the SP!"

Well, it seems that they will become even more frequent as more cash is required to advance projects?
Maybe some cost cuttings required......
Admin costs of $2.8 mill seem a bit high.....let them drink Nescafe.......
Has Posse been worth operating of late? The returns havent been very high....
Globetrottings and overseas presentations..... has anyone ever seen a result reflected in the sp after one? Ever? I havent, and it seems they are a waste of money.
What happened to IMF interest in CAS through IFC? Havent heard from them for a long time. We once looked toward them in the hope of attracting money for infrastructure when needed. Think they would still be interested? Or have they written us off?
We will need a lot of money once they actually get around to considering mining......where will that come from? the Chairman? IFC? Or MacBank?(Hope not).

Re " CAS is becoming a traded stock by opportunists."
lol. Do you blame them? Man has to make a dollar somehow.

GZ