I see J.S.E has dropped 46% today, second 20,000 share sell in the last week
Well, I see gold is struggling @$1259.00 at the moment, about half of what it costs this company to retrieve from the hard rock. I must agree with Casual47 for the first time, un-blinkered and for once questioning the rns. Vague is a fair description posted by CRND, no hard clear facts as usual. Not worthy of any ones hard earned pennies, this will go to the wall, it just depends how long they can sucker people in, good luck
Now we should get the knowledgeable Winston shouting his 30p to £1 soon, would love to know his reasons for such claims?????
Oh dear me, you have some not so good news coming, need to do some research to find it
Western Basin is an AMD disaster area, says Mintails Posted on 15 April 2014. Tags: Acid Mine Drainage, decant, environmental, Jan Jacobs, mintails, void, water treatment, West Rand, Western Basin, Winze shaft Acid mine drainage on the West Rand in Johannesburg. Related Posts ◾Rehabilitating smarter, not harder ◾AMD could be used for fracking ◾Wastewater treatment technology of the future The Western Basin should be declared a national disaster area due to acid mine drainage (AMD), according to Mintails. AMD flows have breached environmentally critical levels, the company states in a briefing document on its closure mining strategy. Mintails recently hosted a site visit to the Winze shaft area on the West Rand in order to demonstrate the extent of the uncontrolled decant of what is essentially diluted sulphuric acid from abandoned underground workings. Decant The water in the void decants to the surface in the form of highly toxic AMD, which is characterised by a low pH, together with a high concentration of dissolved heavy metals. The decant from the Winze shaft area flows into the Tweeloopies Spruit, which eventually emerges in the area of the Sterkfontein Caves, with a potential impact on the Cradle of Mankind heritage-site area. From there it ends up in the Limpopo river, says Mintails GM: operations Jan Jacobs. Heavy rains Despite the Department of Water Affairs dramatically ramping up the High Density Sludge (HDS) treatment plant at Rand Uranium, the heavy rains has meant it has barely coped with the void recharge rate of 27 Ml a day. “After the latest rainy season, we are back to square one,†says Jacobs. However, Mintails is “in advanced discussions†with the Department of Water Affairs about a proprietary treatment process.
AMD, heavy floods, all coming to fruition as I mentioned numerous times, no doubt casual47 aka Johan will post something contrary what is in print/news.
Salamon moving out, wonder if he can't take anymore of the lies that get spouted about this mining company, maybe the Chinese are doing things that are just not quite right? I see Johan/casual47 is still trying hard to sell the company with silly grades of gold in small pockets, they mine 2.8g of gold per ton, they use the stoop method as they can't mechanise this rabbit warren, it's only going to get worse here. ATB
So no news again, surprise, surprise. Well gold is now down to $1284 an oz, Crnd cannot get anywhere near this price, the last costs for these to mine an oz was $2000+, with the new mill etc, etc, they may get down to $1500 an oz!!!!!!! Amd still a big issue here, pumps not working until April or maybe longer, Amd to be pumped out roughly 54 mltrs a day, Amd is rising over the whole basin at 9mtrs a month!!!!! So the pumps will hold the Amd from rising maybe? But it won't lower it due to the large inflows, especially after all the floods in the area. Crnd need a wizard to help them, not a bunch of fools, keep living the dream, ATB!!!!!
As someone put it the other day, Casual47/ Johan is trying to sell this swimming pool of AMD, more water flowing in than can be pumped out, especially that Johannesburg and surrounding area's have been flooded most of this month, all in the news of course, disaster waiting to happen!!!!!!
I see south Africa infrastructure news has a spread on the mess of Johannesburg after weeks of serious floods, amd must be rising very quickly, no pumps until the end of April if not longer, more water inflowing than the pumps can pumps out!!!!!!