Ann: Proposed Cash Placing, page-16

Is there any relevance that the IPO of Crusader in London has missed the anticipated date?

In my view it is pretty rare for the timeline to be delayed. I wonder how the cash raise went, as mentioned it happened during a period of extremely poor performance by junior resource stocks on AIM.

The 'loss' of £850m available cash/shares that are locked in due to the demise of a major stockbroker, Beaufort Securities, has dried up liquidity significantly. This would not have helped for certain.

I think Crusader will have to make an announcement shortly.


'Application will be made to London Stock Exchange for the Ordinary Shares (including the Placing Shares) to be admitted to trading on AIM. It is expected that admission to AIM ("Admission") and dealings in such shares will commence at 8.00 a.m. on or about 27 March 2018'