Ann: Update - Stratex International plc, page-6

No idea sci9249.

I see the following scenarios as possible;

1. It is a group of minor shareholders and won't have a chance.

2. It is a group of large shareholders and could happen.

3. It is an attempt by to suppress the shareprice (seems to need no help with this but there was a very positive report recently posted on the hot copper and advfn websites by equity story) until the merger is complete. The report is very bullish as is from a Sydney investment firm. Anyone know if this would be impartial? Could be a reason for this move.

Not sure why there is such an uproar from Stratex shareholders. A takeover usually requires someone playing more than book value in the anticipation that there are bigger gains down the road. I see that the Equity Story report values Borborema at $US 104.5million. Far in excess of the current valuation of Crusader Resources. Maybe they really think this is a dud deal but by all the information available its not.