brian007
15 Feb 2018
Re: News!!! thanks for posting.AI am hopeful again...
KJK17
17 Jan 2018
News!!! It appears that this not over yet. [link]
brian007
22 Nov 2017
Only CRND can lie on RNS NOTICE 13/11/2017 7
0am NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM CENTRAL RAND GOLD LIMITED Trading on AIM for the under-mentioned securities has been cancelled from 13/11/2017 70am, pursuant to AIM Rule 41. ORDINARY SHARES OF 1P EACH, FULLY PAID(B92NXM2) (GG00B92NXM24) If you have any queries or require further information, please contact the company's nominated adviser on +44 (0) 20 7628 3396.------->> So today 22/11/17 only nine business days after this RNS was issued, I called the number above, that is Beaumont Cornish.I was told that they have nothing to do with Central Rand Gold anymore.
citychap2011
06 Nov 2017
CRND Board cannot do simple maths The CRND Board either can't do simple arithmetic or have deliberately sought to mislead private investors. Not only did they get the value of the PUNO court case award wrong they failed to count the votes correctly at the recent EGM at which the Board gave away the companies mining assets to creditors and will be diluting shareholders to near wipe out with a 'reliable' fundraise from new broker from hell, Peterhouse Corporate Finance. It's already good bye to the incompetent CEO, Lola Trollip, thank goodness. However, will chairman Simon Charles be able to count the fingers each private investor uses to vote for his departure and fellow directors at the AGM later this month? Have the Board been incompetent or have they deliberately driven the company into the ground to the benefit of a minority of CRND's investors/creditors, who have picked over the spoils? DYOR.
citychap2011
28 Sep 2017
The CRND Board have no financial acumen Not only have Central Rand Gold shareholders seen their investment half due to the Board of Directors signing up to the Bergen death-spiral finance agreement. Where Bergen forward sold millions of shares flooding the market and driving the share price down from 2.5p to 0.45p. They completely duped the BoD because they never intended to take up any warrants at circa 3p. This part of the agreement was a complete red herring making the BoD think it was a good deal and that the share price would rise and the warrants would be exercised.Now the Board of Directors has appointed Peter House Corporate Finance Limited, the broker from hell. Check out Nyota Minerals LTD (NYO) to see just what a nice supportive broker Peter House is and what has become of Nyota Minerals another struggling miner with virtually no cash.Peter House offered to fund Nyota, which would have meant massive dilution for shareholders, but then never delivered the funds and may have allegedly shorted Nyota's shares in the process further driving down the share price. Nyota's Nomad resigned. Peter House wouldn't fund Nyota unless they found a new Nomad. They couldn't and Nyota has now had its shares cancelled on AIM with little to no chance now of raising any funds to continue. Shareholders were completely screwed over by their Directors, Peter House, their NomAd, Beaumont Cornish Lt, and AIM. Nyota found a replacement NomAd but AIM wouldn't permit them. Nyota is now insolvent. Game over.Don't be surprised to see Peter House offer £500K for millions of shares at 0.05 p, delay funds which then never arrive and CRND will go bust.Does nobody on the Central Rand Gold Board of Directors have any idea what terrible financial decisions they are making?How can Chairman, Simon Charles, allow these inexcusable mistakes to be made?
KJK17
24 Aug 2017
Re: LATEST WATER LEVEL Now at 205.84 vmbs
KJK17
16 Aug 2017
Re: LATEST WATER LEVEL Now 196.84 vmbs.
KJK17
02 Aug 2017
Re: LATEST WATER LEVEL NOW at 194.84 vmbs.
KJK17
01 Aug 2017
Re: LATEST WATER LEVEL Yes they can BUT underground mining can be expensive and labor. intensive if they go back in with jack hammers as the main mining method, we have CEO that has mining experience that has not had the chance yet to show what she can do HERE.But I believe the funds are to low at the moment.
Marshsi
30 Jul 2017
Re: LATEST WATER LEVEL i thought the magic level was 185? Can they now get to the gold?
KJK17
17 Jul 2017
LATEST WATER LEVEL We are now at 189-84 vmbs
KJK17
11 Jul 2017
Latest water level Now down to 182.84 vmbs ,Now we are getting very close and that's a big drop in a week!!!!
KJK17
08 Jun 2017
Latest water level Now at 165.84 vmbs So if we can sort the finances out then we could be back undergrownd later this year . Figers crossed.Link[link]
rRomeo29
17 May 2017
Re: the next steps ahead Valuable post from Gibbo on lse-uk:You got to love this bit:"...that your board is devoting considerable time and effort towards finding an appropriate outcome for shareholders."---------- ---------- "Dear Simon,Thank you for your e mail. I am sorry I have not replied to you sooner – I did ready your e mail but was unwell last week and ended up having to go to hospital last Friday.I, like you, am also disappointed at the difficulties which the company has faced and in particular this year. We have been very unlucky. Please be assured that your board is devoting considerable time and effort towards finding an appropriate outcome for shareholders. I note your statements about any disposal of the assets. Be further assured that, if and to the extent that occurs, which we very hope will not be the case, any such disposal would be on appropriate arm’s length terms. There will be, at least for such time as I am this company’s Chairman, no cute deals at Central Rand. We continue to work to seek to leverage value from the assets. We are seeking to ensure, now people are back on site, that production resumes as soon as it possibly can and we shall update the market in early course. Regards, Simon"
rRomeo29
12 May 2017
Re: citychap2011 But at least company directors did bother to publish news for once.I'd say the upcoming strike seems like a wonderful opportunity for CRND to push away much of their responsibility:"As reported on 10 May 2017, the negotiation of annual wage increases has ended in a dead lock, and the employees have embarked on industrial action in the form of a strike. The Company reports that relations are worsening and that management of its subsidiaries have been excluded from the premises, preventing the Company's Board of Directors from receiving timely and accurate information about the Company's operations, including the Company's finances and meaning the Company's operations are not delivering any cash flow. Whilst every effort has been made to reach a resolution with the strikers, the Company continues to lose production days due to the industrial action and will do so for the immediate future until the dispute is resolved. Even then, it will take time for the operations to resume at usual levels. Whilst the Board of Directors continue to exercise the utmost prudence in the Company's cash expenditure this loss of revenue combined with recent and previously announced operational setbacks has materially negatively affected the Company's cash position. The Company continues to work with Mr Wang to arrange the delivery of the final tranche of the loan announced on 10 January 2017 and is reviewing other funding options, but cannot guarantee successful timely agreement in these discussions. The Company cannot therefore guarantee that it will be able to meet its financial obligations as they fall due. The Company has operational cash commitments totalling approximately US$1m in the coming month. The Company has accordingly requested a suspension in trading in its shares. The Company hopes to update the market presently."
