News: CAS Stratex shareholders block Crusader mining deal, page-6

It is a shame. But CAS is lower than it has been since even before Stratex came in the scene. Also, I expect the reason it agreed to pay 18c, was that others were bidding for CAS too. So another party is likely to be announced to fund us. Hopefully there is more than one bidder out there, to keep some pricing tension.
I think Stratex's CEO made a strong case for the value at Crusader. Site close to infrastructure, ready to proceed, low cost, etc. This is unlikely to be a few a dead end