rRomeo29
10 Sep 2015
Re: calculation help - Citychap ---------- ----"...I've traded CRND a couple of times since 2011 without the need for TA; except for the years from 2011-13 when I argued with technicans that there is NO way that this is turning bearish. Well, it did turn bearish and the share price crashed from 0.90p to 0.25p by 2013. Because 0.20 has been my own entry, everything was still good and I was able to sit out the mistake. During the capital raise I pumped fresh money into this share, and two years ago, after the 50:1 split, everything was back at 10p. Indeed, since 2013 I started trading, and now my initial holding from 2011 is a free carry." CitychapOhh, I see.But recenrtly when CRND spiked to as high as 24p, you failed to pop-up and say that you took profit and sold your holding - because you missed it, Citychap! Fun damentally speaking, you ignoring all vital trading alerts from 19p down, have just seen your holding crash by 50%, correct?Just hope that your main investments - you said those were FTSE blue chips - have not taken such a giant hit in recent weeks (during this China crash: ((5 min. chart research tradesignal-online would have saved you a lot of trouble since 2011
citychap2011
10 Sep 2015
Re: Operation on Slightly misleading post.The recent analyst report referred to in this post is dated 15 August 2012![link] Prospect Theory (PT) of 2.34p is pre-consolidation (1:50). Nowadays this would be effectively 117p. Not sure this is achievable in the current climate. But a sale at 30-50p is still possible.I stand by the fundamentals. The share price fluctuates and I have traded this a couple of times since 2011 without the need for TA, which is never 100% accurate. I still have my original shareholding, which is a free carry."Wealth is the transfer of money from the impatient to the patient" - Warren BuffetGood luck all genuine holders. DYOR.
rRomeo29
10 Sep 2015
Re: Operation on ...interesting to see, that CRD share price has remained static for the past few dsys on theJohannesburg exchange:[link] the company HQ in South Africa, I might buy CRD directly in Johannesburg next time.---------- -----"...with their head offices based in Johannesburg, South Africa.A recent analyst report from Charles Stanley Securities has indicated that Central Rand Gold are on track to becoming a profitable gold miner. The report recommends a BUY and a Prospect Theory (PT) of 2.34p, which offers more than three times the current share price, and further states that “CRG offers investors the opportunity to realise considerable returns”.
rRomeo29
10 Sep 2015
Operation on Quite an interesting find from Gibbo on LSE:---------- ---------- -"We are currently running at 31 Mega litres per day due to the maintenance of one of the two scrapers. Once completed the second scraper will be shut down for approx 4 weeks as well. The aim is to have the plant running at full capacity by the end of November and there is nothing currently to show this wont happen. So, as from December 1st, the plant will be running at 84 Mega Litres and reducing the water levels at between 10cms and 30cms per day." Personally speaking, I will put the shares I own in CRND into a drawer for a few months and wait until 2016 to begin to see the benefits of lower water levels and who knows maybe even higher Gold prices. 2015 hasnt been very good so far... we've still got 4 months to go though - always time for change! Gibbo1066
rRomeo29
07 Sep 2015
Re: Deal off?? Marshi,Before any deal was mentioned, the consolidated price was around 10p. So why the setback?Because the ongoing crash in China isnt helping them struggling investors (only today Shanghai dipped another 2%).Take a look at "Huili Resources" in Hongkong and you'll see that they are trading down at 0.95(!) near their 52-week low! Hardly the position to pump fresh money elsewhere:[link] in all you can say that CRND company directors have decided to allow the Chinese investors on board for a substantially discount. Chinese player could be buying below the radar right this minute.Also CRND directors might want to raise money around 8p - and someone spread the word to the new, faithful chinese partners
Marshsi
07 Sep 2015
Deal off?? Cannot remember a sharp decline from the 11/12p mark like this before. Leaky news that the deal is off?
rRomeo29
07 Sep 2015
Re: Ok, so where are we? ...quite a few sells today, at the same time some quick purchases. Remember the downside support and / or future trigger lines
7-Sep-1512:34:2210.20513,945Sell* 10.2511.001,423O 07-Sep-1512:34:2610.12510,000Sell* 10.2511.001,013O 07-Sep-1512:34:1010.391425,000Buy* 10.0010.252,598O 07-Sep-1512:33:2110.2042,017Buy* 10.0010.254,286O 07-Sep-1512:33:2010.2035,000Buy* 10.0010.253,570O 07-Sep-1512:33:1910.2038,265Buy* 10.0010.253,903O 07-Sep-1512:31:1310.3211,282Buy* 10.0010.501,164O 07-Sep-1512:29:3710.5025,000Buy* 10.2510.502,625O 07-Sep-1512:28:5210.405,000Sell* 10.2510.75520.00O 07-Sep-1512:28:5110.4057,746Sell* 10.2510.756,006O 07-Sep-1512:28:3710.401,143Sell* 10.2510.75118.87O [link]
rRomeo29
02 Sep 2015
Re: Calculation help Citychap2011 ---------- ----"There will always be a tension and difference in opinion between those investors investing based on fundamentals and speculators chasing a fluctuating share price." Citychap2011Ehhhhhhm?Poor bas t ards all those, Citychap, who purely depend on company announcements (or fundamentals, as you call it), to make an investment decision.PI's could end up beeing locked-in for ages without a result whatsoever - or since 2011, Citychap : ))
Sourhills
01 Sep 2015
Re: Ok, so where are we? Correction to that - sorry - for "28" read 20. It's when all the "excitement" started.S.
Sourhills
01 Sep 2015
Re: Ok, so where are we? Where are "we"?Back to where "we" were when the market opened on 28/8/15.S. )
rRomeo29
27 Aug 2015
Re: Ok, so where are we? Nice stabilization!This 13p line generated the first bullish alert.Everyone ready to come back in? There will be a new, long term buy-signal as soon as the 15.95p barrier is climbed.(Remember to keep an eye on China anyway!)
Percylleyn
25 Aug 2015
Knicl46. Share price and share value. Share price is what someone is willing to pay for the share. Share value ids the balance sheet total divided by the shares in issue. Latest NAV Dec 2014 was minus 14.4p per share. Current share price is plus 12p. Why is the share trading at a 26.4p PREMIUM to its value? Because there is a reasonable expectation that the company can sell the main asset for £50m, it is already priced in. The punt is that every £10m above £50 sale price adds another 5p to the share value. The unknown is how great any additional losses will be for the eight months since the last accounts and what financial provisions will have to be made in executing the sale(e.g. the PONO loan etc). My view is the maximum upside is another 20p, but there will be significant deductions for currrent company expenditure, PONO, environmemtal obligatios etc. Good Luck. .
rRomeo29
21 Aug 2015
Re: Ok, so where are we? Indeed, the first bullish alert came at 13p.New buy-signals are pending now. The first at 15p, with the final buy-alert at 17.70p, according to tradesignal-online.com that is.READJUST AT TRADES!!
rRomeo29
21 Aug 2015
Re: 14.5 to sell And now take a deep breath and calm down. Puhhhhh. Sorry, mate, but I dont understand your agression here.Would be very happy to see CRND on the rise again. Great if it's true what you say about leak...Best of luck here, mate!
Percylleyn
05 Aug 2015
Re: SP if deal fails. I’m out as the risk now exceeds the reward. RISK: Price when Restone dilute will halve. Price when deal falls through will halve again. Market confidence will take it down further. 2p to3p. At which point Redstone owning 53% of the stock could buy the remainder for £4-£6 m, and do a private sale of the asset and pocket the lot. REWARD: Even at the full £96m I reckon the NAV per share not to exceed 33p, however, the market never pays 100pence in the pound for balance sheet cash so do your own discount. The deal only has to reduce to £70m and shareholder value comes down to 15pence. I jumped in before doing enough research. Why do discussion members not reveal the elephant in the room. In this case multiple elephants: Share Issue rising from 95 to 180m, Negative equity on the balance sheet and evaporating current assets with a sale, and monthly cash burn since December, all add up to there being no solvent business here. A sale is a must, it is just a question of who will get the proceeds. Finally for those who think a JV would be OK the Company has turned £260m of shareholders cash into minus £14m on the balance sheet- why do you think their future performance will improve? Good Luck to all braver than me to see this one through, I hope you catch the spike, not a cold.
