rRomeo29
20 Sep 2016
Re: 3p short term target.. Yupp!
rRomeo29
20 Sep 2016
Re: the next steps ahead -7%. So here's another small retrace after the sudden spike. But I agree with the 3p target price. Yes, if 1.50p is climbed it marks the a new beginning.---------- ---"...mind blowing turnaround we have seen for the mining sector in general and Gold stocks in particular, the declines for Central Rand Gold over 2016 has been very disappointing."Got to love this bit!Actually CRND has performed totally ridiculous. Let's see if everything leads to some sort of "insider-buyout", or if they suddenly see and find tons of gold ahead : ))Simply adjust the AT buys in place.
barno99
19 Sep 2016
3p short term target.. From the link in the previous comment.Central Rand Gold (CRND): Falling Wedge Reversal Targets 3p ZoneGiven the mind blowing turnaround we have seen for the mining sector in general and Gold stocks in particular, the declines for Central Rand Gold over 2016 has been very disappointing. But it would appear the stock is finally ready to step out into the sun with the break of a bullish falling wedge pattern and the 50 day moving average at 1.39p. At least while above the 50 day line one would call the shares as high as the area of the 200 day moving average at 2.94p, equal with the former June resistance zone.central-rand-gold-chart
the old trout
19 Sep 2016
Central Rand Gold to shine on the back of falling wedge reversal Zac Mir clearly sees things differently rRomeo. This article with today's date:[link]
rRomeo29
19 Sep 2016
Re: the next steps ahead "...not sure if I'd call it an empty spike."Whatever the buying, whatever the volume: If the Sp isn't maintained at the end of the day/ the closing bell, then from TA view its an empty spike.Think about it: CRND has a long story of pre-news insider buying. If there had been anything special last Friday..., the Sp would have stayed above all day 1.50p and even crossed 2p.But like said: Next movement above 1.50p will trigger a new buy-alert.
the old trout
19 Sep 2016
Re: the next steps ahead With over 19% of the company's stock traded on AIM on Friday plus whatever was traded on the JSE I'm not sure if I'd call it an empty spike, but with no news this morning it was inevitable that it would be taken down early doors. Some good buying now in the 1.40 to 1.45 range though so I've just added a few more and am now sitting on around 700k. Will look to add another small tranch if it gets back above 1.50 on decent volume.GLA,T
rRomeo29
19 Sep 2016
Re: the next steps ahead Nice quick but empty spike for now.1) New bullish alert as soon as the strong 1.50p barrier is maintained. Usually it takes two attempts to climb the 50-day barrier, so that soon we should see new buying.2) New long term buy signal IF 1.95p barrier is breached, pointing to a rise to about 3.75p as the first target.[link] vos jeux! Place your bets Sirs...
the old trout
17 Sep 2016
Re: the next steps ahead I'd be happier if we didn't have a RNS on Monday as it allows more time for accumulation, and last week's RNS provides more than enough justification for that imho. What I didn't state in my last post is that the strategic investment is only in respect of the Netherlands' based subsidiary which according to the website only owns 74% of the principal operating subsidiary: "The group’s principal operating subsidiary, Central Rand Gold South Africa Proprietary Limited, is 74% owned by Central Rand Gold (Netherlands Antilles) N.V., which is wholly owned by Central Rand Gold Limited."So......going back to the sums we have $4m x 2 x 100/74 = $10.8m, which at current exchange rates amounts to £8.32m. Divide that by the 175m shares now in issue and you arrive at a minimum market cap of 4.75p per share. I say minimum because they have stated that they are selling less than 50% of the Dutch registered company, the above sums having to be based on a sale of 50% until we know what the proportion is. These calcs do however lend further credence to the rumour that the funding will be based on a level of 5p per share.FWIW I have added twice this week, but having reflected on it if there is no news on Monday I will be selling off a tranche of another holding to add some more. Hence the strong buy recommendation.Good luck all,T
alltold9
16 Sep 2016
Re: the next steps ahead News on Monday?
Sambram
13 Sep 2016
Operational Update from Panmure on Research Tree:"As previously outlined, due to the prevailing water levels not declining at the rate previously anticipated underground mining remains suspended and the company’s focus has now fully switched from open pit mining to the processing of third party material. Current delivery rates have meant that CRG are processing up to 5,000 tonnes per week of material at an average head grade of 1.8g/t. The company has indicated that it expects processing volumes to rise to 19’000 tonnes per week, by the end of the year, from an identified resource of approximately six million tonnes. The company has also identified additional resources with potential new partners."
the old trout
12 Sep 2016
Re: the next steps ahead Those selling this morning might live to regret it quickly imho. I calculate that the tolling agreement will produce annual revenue of around $19.5 million a year at current gold prices. Then we have the additional tailings deposit which is now in the final stages of negotiation, subject to finance. They state that this can be run in tandem with the existing toll processing agreement and there is clearly a large stockpile of the stuff, so let's say annual revenues of around $40m, but how much profit they make on that is anyone's guess at this stage.However, at current share price we have a market cap of only £1.85m, yet the RNS refers to a strategic investment of $4m for less than 50% of the company. That makes the company worth at least $8m or £6m. I therefore believe that there is some substance to Friday's rumour in respect of funding at a substantial premium to Friday's share price. This will also mean less dilution for the investor's existing shareholding and is probably being undertaken in the knowledge that with groundwater levels continuing to fall there is a fantastic resource beneath the surface awaiting exploitation in due course, with the toll processing and tailings agreements keeping the lights on in the meantime.I just wish I had waited until today to add to my holdings instead of Friday 
rRomeo29
12 Sep 2016
Re: the next steps ahead Long term guys who didn't sell are safe to hold as long as the 1.05p support remains intact. This support is nicely maintained right now.As mentioned before, at this low market cap, five or six private investors together could have bought the entire outfit. Now CRND could now pursue some sort of insider buy-out where "one existing shareholder" grabs it all - and is given all the knowledge he needs.It would be nice to see 5p again, although that's far away from the average holders who were soaked in during the 15 and 20p share spikes.
the old trout
09 Sep 2016
Ground water levels declining too Courtesy of winston on the ADVFN board:[link] might help explain a fundrasing at a substantial premium to the current share price.
rRomeo29
07 Sep 2016
Re: the next steps ahead ... 28 years later.Next buy-alert possible as soon as the 1.65p barrier is climbed and held. Then new, mid term bullish trend until about 3.75p.
brian007
28 Jul 2016
RNS Central Rand Gold LTD28 Jul 2016 09
04Central Rand Gold LdRNS Number : 5125FCentral Rand Gold Limited28 July 2016 Central Rand Gold Limited(Incorporated as a company with limited liability under the laws of Guernsey,Company Number 45108)(Incorporated as an external company with limited liability under the laws of South Africa,Registration number 2007/019223/10)ISIN: GG00B92NXM24LSE share code: CRND JSE share code: CRD("Central Rand Gold" or the "Company"
Part conversion of convertible securities issuance deed, Issue of Equity and Total Voting Rights Central Rand Gold announces the issue of 4,425,954 new ordinary shares ("Conversion Shares" in respect of US$75,000 of convertible security pursuant to the convertible securities issuance deed entered into with Bergen Global Opportunity Fund, LP ("Bergen" as announced on 7 June 2016.The conversion price is 1.3 pence per share, calculated as 90 per cent. of the average of five daily Volume Weighted Average Prices, as selected by Bergen in its sole discretion, during the 20 consecutive actual trading days immediately prior to 27 July 2016, rounded down to the nearest 0.1 pence.Application will be made for the Conversion Shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading on AIM and to the JSE Limited ("JSE". It is expected that admission will become effective and that trading on AIM and on AltX in the Conversion Shares will commence on or around 2 August 2016 ("Admission". Total Voting RightsIn accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that following Admission it will have 150,018,615 ordinary shares of 0.1 pence each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 150,018,615.The above figure of 150,018,615 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
