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the drake is already being debated wether its a warrior or not, but thats not my question.
his rules: corned beast, when do you roll for it? after you lose but before they strike you, or after they strike you?
I assume you roll after you lose the fight but
before the enemy strike you, as the rules quote "If a Cave Drake is defeated in a fight, check to see if it is trapped" - this is done before strikes are made, as in any combat you must check to see if models are trapped before any strikes are made. So you check if the Drake is trapped after it is defeated in a fight, and then roll for the strength 4 hits before the fight continues.
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and floi: it says that his loremaster is an ability (not a spell), so can you resist it?
No it cannot be resisted as it isn't offically classed as a Magic Power, but as a Special Rule (much like the Wood Elf Sentinels'
Enchanting Songs Special Rule). Though It would help if it specifically said in the rules it can't be resisted, like in the Sentinel profile.
I hope this helps.