I have never read so much cr*p in all my life, it's fodder for the fools. MOU means exactly that, no one is tied to this tosh. Read operational funding again with your eyes open, they are going to ask for more money now they have hung out the red flag, the stampede has started and the greedy will get kicked, do some ruddy research.
Well gold is now showing @ $1218.00 an ounce, CRND's gold costs per ounce are double, even if you say their costs are down to $1700.00 an ounce ,it's still roughly $500.00 loss per ounce. AMD levels about the same as problem after problem hit's the treatment plant, mining area diminished to surface work, their last grasp at the straw is to say another Chinese firm with machinery could make this work?????? You are now seeing the death of a mine it it's final throws, bad news to hit the headlines very soon, do not take your eyes off this company if you still want some money back, but you will have to be quick, sorry and good luck!!!!!!
Say goodbye to the value of your shares, Redstone can do what they want at your cost!!!!! AMD years from dropping down to a reasonable level, as previously mentioned the five year plan for more treatment plants needed, time to walk away with some of your money while you can, sells outweighing buys at the moment, so it must be good news????? Bye.
It sounds like the south African mining companies are trying to sell another dream, note- not a mention of AMD, or the five year plan as AMD is only holding at the moment. They are now trying to say there is 1.1bn ounces still to be recovered in the Witwatersrand basin, they don't mention the basin is 350km long by 200km wide, so as to give the impression it's all on their patch, they really need your money, so dig deep and help out. The article is in miningweekly.com, so go for it.
Looking like a late Friday RNS may be coming, but what Friday??? Would be a good time today to lay down some bad news with a holiday weekend, just to make you suffer that bit longer.
Crnd need to do their maths again, or is it that they have reduced their workforce, losing $700.00 per ounce as well for every ounce produced. Money just isn't right, do some maths and see what you get?
Simply this, get out as this is going down very soon, Redstone will do a typical hype then go into suspension followed by administration, not too long to wait.
Well isn't it refreshing to see some are wakening up to the smell that emits from this company, Why didn't they mention ecl had been breached much earlier in the year, Casual47 seems to have caught on completely here and well argued on many occasions. Pleased to see people now questioning everything that is said by CRND, pinch of salt thrown well over the shoulder is required here, company deserves to sink before it damages any more pi's. From the start this company has taken over £100 million from investors and given nothing back at all, never will, just couldn't make it up.
South Africa JSE has not moved a bit but here, well usual story of some buys and fool's rush in. Posters having a go at some one who highlights some of the pitfalls here, but greed takes over, then they all cry it was a pump and dump. You have been warned many times about this company and it's dirty past, but it's your dosh, enjoy!
Heard the latest? DRDGOLD is disposing of mining rights of east rand and assets including the pump treatment plant they have, why? What's not to like here? As I mentioned before 52mltrs inflow a day, they reckon they are pumping 67mltrs a day? Why would Drdgold want to get out now!!!!!! Check it out at DRD.co.za see what you think!!!!