Ann: Trading Halt, page-16

I hope this deal goes through and I think it will be good for both Crusader and Stratex shareholders. Marcus Engelbrecht has a great track record so why would he want to fleece shareholders for a salary? Think he would be aiming higher than that. Crusaders very wealthy director Stephen Copulos has extended a loan of $1,000,000 in addition to the %20 stake he has in Crusader already. I think that he would be looking to get a return on that investment. Look at Borborema as an open pit mine with much infrastructure surrounding it. Better than most mines in far flung places. Crusader needs cash, Stratex needs gold. We are almost there. If the deal does not go through we have the sale of Posse and the loan to sustain us while we look for further investment in the mine.

The takeover is being arranged by former directors who may lose out should the deal go through. That may be their motivation. What is Marcus Engelbrecht's motivation? To trash a company and its shareholders? His track record says otherwise. I think he realises that Crusaders assets are undervalued and he can realise their potential. Good luck to all shareholders. Have to say at least the Stratex shareholders are proactive and I hope we can come together and get more value out of the combined entity.