Crusader Resources (CAS)

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Sep 7, 2012.

  1. MyNamesNotBen

    MyNamesNotBen New Member

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    It's painful.. I am slowly becoming less optimistic with this stock.. It's coming down to "hope" with a lot of things and that's never good. I was joking about the next BHP thing btw, just pulling finickys leg :p everything is just sooo slow with this company.
     
  2. SilverSanchez

    SilverSanchez Active Member

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    Operational momentum is hard to build when the underlying commodity is declining.
     
  3. SilverSanchez

    SilverSanchez Active Member

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    im in to buy today, but should have done it yesterday!!! So far I got EVN, BDR and NST - short term view
    I don't think volume is there for me to get CAS @0.19 but we'll see, the spread of buy/sell is 15% so could see a run if commodities recover a little into Jan.
    Also if more good drill results come out it could spark some interest BUT (and its a big fat but) December quarter revenue might disappoint the market putting a dampening effect on any interest.

    This is why they call it a game folks
     
  4. MyNamesNotBen

    MyNamesNotBen New Member

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    Was that you who bought 200,000 shares at .19?
     
  5. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I got a little at .205, don't I look silly. Can't help but keep looking at DRM though.
     
  6. SilverSanchez

    SilverSanchez Active Member

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    Nah i'm in for $1k worth im already maxxed out on my allocation to this company. id never buy 200,000 in one go.
    Was that a Cross Trade? That amount would have been sold via a broker, one client to another client - it doesn't have to go through the market (which is unfair because people jump the queue) but its legal in Australia. Its only happened once in my favor
     
  7. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    That's less than 40k worth, it's A high volume of shares but is that really so wild a play on CAS?
     
  8. MyNamesNotBen

    MyNamesNotBen New Member

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    It's not weird for CAS. But there haven't been many 100,000 + trades below .25
     
  9. SilverSanchez

    SilverSanchez Active Member

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    professionals stagger their buys, it might be that they have $80k and have bought the first lot.
    or your right, someone could be capitulating, or someone who got stopped out
     
  10. SilverSanchez

    SilverSanchez Active Member

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  11. MyNamesNotBen

    MyNamesNotBen New Member

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    Extremely disappointed in the directors of this company. Juruena will be the death of Crusader IMO
     
  12. SilverSanchez

    SilverSanchez Active Member

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    Don't let your emotions get in the way Ben
    Good drill results today, if they can stay financed, they'll be ok
    The big grams are underground - but still above average results shallow.
    If they continue like that it should be a valuable deposit

    Grade is everything, they are in the right country and they have good land. Just need to use their money well
    And maybe get a bit lucky.
     
  13. Silverstrat

    Silverstrat Member

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    Hows this one going Silver Sanchez?
    Mixed reports lately but sounds like Juruena could, repeat could, be a game changer , will know more by the end of October , more patience required but keeping an eye on it.
     
  14. SilverSanchez

    SilverSanchez Active Member

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    Their going how everyone is going.
    To be honest this company is not about deposits at all. This company will survive if management are good.
    Good management can make a mediocre company profitable, bad management can destroy the potential of even the best of deposits.

    Its up to management. The deposit are of a good standard with higher gold prices, but that doesn't matter if management cant bring it online.
    I was confident in management a year ago, I'm less confident now, but I'm still confident. (If that makes sense)
     
  15. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

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    Brazil unloved
    Iron Ore unloved
    Gold unloved

    Bought as a speculative @ $0.11 today :cool:
     
  16. SilverSanchez

    SilverSanchez Active Member

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    Announced today they have appointed Jim Rodgers to the board :) that's a funny move
    I will watch how many shares he takes in the company if any - if he takes none ... well doesn't that say something considering how savvy an investor he is? :)

    It will be a bummer if I go belly up on Crusader - they had so much potential :)
     
  17. Caput Lupinum

    Caput Lupinum Active Member Silver Stacker

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    They may have to sell off one of their projects to pay down their debt. I don't have a lot of confidence in CAS at this stage. Still holding but haven't added since my initial purchase.
     
  18. Guest

    Guest Guest

    Had a nibble today. Stock combines two of my favourite topics - Gold and Jim Rogers.

    Why do I get the strange feeling I have just flushed my money down the toilet....
     
  19. Stackman

    Stackman Member Silver Stacker

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    Crusader is doing a Birimian and going for lithium. Forms a 50:50 joint venture with Lepidico to be called Third Element Metals with an immediate focus on Brazil.

    Announcement here:
    http://www.asx.com.au/asxpdf/20160419/pdf/436lxs6cnrv4v0.pdf

    Didn't quite light up the share price in the same way it did for Birimian though.
     
  20. Guest

    Guest Guest

    Just noticed that Crusader are putting forward a proposal to grant Jim Rogers 3,000,000 in Director Options.

    I hope this passes as I am happy that he is bringing his knowledge to the company and am happy to ride his coattails (and pump up this stock a little).
     

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