SELL CRND
by
Room101
on
26 Sep 2013 08:21
Price at rating: 23.83, now:
Remember for info on AMD go to-South Africa miningne.ws and in the search box type in Central Rand Gold, it's all there for your I see someone has trouble with understanding the meaning of a hand over, on April 18th the site will be handed over to T.C.T.A. No pumping of AMD will take place until all plant and treatment facilities are completed, you cannot pump AMD without this facility up and running. 7 Months to go before then!! Trouble is that underground ore is running low, as in the RNS of 2nd August reported by the company. Gold production is poor and losing money, gold retrieved by this company at a staggering $2000+ per oz. So liquidity is the problem here, 6.9 mil raised after fee's, 4.5 mil lost first 6 month's of this year with more to come, 5 mil to be raised, another dilution to shareholders, so in my opinion it's a sell, you do what ever is right for you, GL
Score: 100.00