Just noticed that this main market stock is climbing rapidly, and gold is nearing $930, above that and a lot of gold producers and some explorers might just take off !.

Hi guys

Selected the share on the UPS thread 45 minutes ago as a candidate to move higher this week.

Master RSI - 20 Jul'09 - 10:27 - 40 of 43 edit

UPS

CRND 15.375 ( 15.25 - 15.50p)
Has $46M in cash and is continuing to make considerable progress in building a substantial low cost gold mine. Co. have commenced trial slot mining and should begin underground mining during August. Is targeting to produce rate of 100,000oz of gold annualy by early 2009. Volume and positive Indicators

5 days chart

Someone paid a large premium for 100K

17.25p for the large trade when the spread was 16 / 16.25p

spread 16 / 17p at the moment

How the Indicators are position at the moment - oversold - and rising from bottom with higher volume

Volume is going places now 2.6M and most likely is going to be much higher than last Friday.

The price is being hold down by the Powerful (metals ) Market Maker EVO at offer at the moment by itself with 25K

spread 16.25 /16.50p

Bailed out months ago.....not such a great tip from What's Hot.com...

required field

It has not been a good market for the last few months on any share.

Now is the time to spot the bargains, as the bottom though naturally can be another falls bottom.

Doing well today again with volume 1M and another 0.50p on the UP

A much stronger order book at the moment on the bid side after the "AT" was activated and took
all the trades at 16p offer ( a total of 156K at one time with 3MMs included )

at the moment on a spread of 15.75 / 16p

there are 35K at side of bid and 85K at offer

but the DEPTH is much stronger on the bid side with...
463K ( total of 22 trades ) at bid side
for 241K ( total o f 12 trades ) at offer ( of those 10K at 38p and 21K at 50p so 31k should not
be counted as the prices are not realistic )

news today and price rising 16.50 - 17p +1.50p

First Gold Smelt from the Carbon-In-Leach ("CIL") Concentrate Treatment Plant
* First bullion bar poured from CIL concentrate treatment plant
* Recoveries to date in CIL plant in excess of 95%
* Full metallurgical circuit now integrated

CRG announces that on July 27, 2009, the Company successfully smelted and poured
its first bullion bar of approximately 1.5kg from its CIL concentrate treatment
plant on its Slot 8 site on the Consolidated Main Reef tenement.
The CIL plant, capable of treating 10,000 tonnes of concentrate per month,
commenced civil work on site in February 2009, with the start of commissioning
in June 2009. The smelt house was the final element requiring commissioning
which has now been completed. Recoveries to date in the CIL plant have been in
excess of 95%.
The CIL plant was fed concentrate from the Gekko 20tph trial crushing and
concentrating plant and will now also be fed from the Bateman 30tph crushing and
concentrating plant. The crushing and concentrating plants are treating surface
material from the Main Reef and Main Reef Leader outcrops. It is expected that
the crushing and concentrating plants will continue treating surface material
until such time that underground ore is extracted, expected in early 2010.
Commenting on the smelt, Johan du Toit, Chief Executive Officer, stated, "We are
extremely happy to have had our first smelt. This is a significant milestone in
the Company's trial mining process and demonstrates that our metallurgical
circuit is now fully integrated and operational."

Could this have lift off in a months time?

Looks very interesting? consistant 5% rises, court case will get this moving, 2 weeks away.

Anybody else holding/thinking of adding these? 50p potential surely.

Central Rand Gold upped to hold from sell at Canaccord, target price rising to 150p from 105p

Thats an awful lot more than the current 16-17p?

I agree - have ben watching these as the chart looks very attractive!

wondered whether that target was a misprint though since CEY was the stock listed above CRND in the Canaccord release and this had the same target which seems more plausible, otherwise why just a hold?!

Its ticking up, the hearing must be over? or the result is coming!

All aboard?

Immediate Release
5 November 2009








Central Rand Gold Limited

("Central Rand Gold" or "CRG")

(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: GG00B24HM601

Share code on LSE: CRND

Share code on JSE: CRD




Court Throws Out Puno Gold Investments' Request For Urgent Interdict To Halt Central Rand Gold's Trial Mining Activities




Central Rand Gold Limited ("CRG" or "the Company"), following the hearing today, is pleased to announce that the "urgent interdict" sought by Puno Gold Investments (Pty) Ltd to halt the company's trial mining operations has been dismissed by the South Gauteng High Court. In addition, Puno is required to pay all legal costs associated with this dispute.




Reacting to the Court's decision, CRG's CEO, Johan du Toit, said:




"We are pleased that this unnecessary distraction caused by Puno has now been dismissed in its entirety by the independent court. The court case has not delayed the development of our assets and we look forward to progressing with trial mining, which is the springboard towards full-scale commercial gold mining in our Johannesburg mining right area."




Central Rand Gold Ltd is listed on the London Stock Exchange and on JSE Limited in Johannesburg. It was awarded its first New Order Mining Right in August 2008. Trial mining began in September 2009 at Slot 8 situated at its Consolidated Main Reef tenement in southern Johannesburg. The Company is actively involved in the communities in which its mining operations are situated through employment, training, education, sport and small business development initiatives.




For further information, please contact:




Central Rand Gold +27 (0) 11 551 4000

Johan du Toit




Evolution Securities Limited +44 (0) 20 7071 4300

Simon Edwards / Chris Sim / Neil Elliot




Macquarie First South Advisers (Pty) Ltd +27 (0) 11 583 2000

Thembeka Mgoduso / Annerie Britz / Melanie de
Nysschen / Manisha Ramlakhan




Buchanan Communications +44 (0) 20 7466 5000

Bobby Morse / Ben Willey / Katharine Sutton




Jenni Newman Public Relations (Pty) Ltd +27 (0) 11 506 7300

Jenni Newman / Megann Outram

any thoughts on why this is still drifting?

no, but will await further announcement until deciding, it may be a waiting game, if your not happy to hold would suggest dumping and going elswhere, am dissapointed too as I thought it was good for 30-50p short-term, but hey thats how it goes!

Steady progress, I havent done the maths here, and there is more fundraising coming, but it will be highly generative imo from mid 2010, at that point the revenue could be very big, but assumme everybody is cautiously optimistic hence the share wont run until full-scale production is actually in place and the gold production yield is what they are predicting. Expect them to announce this as much higher, they are holding something back to lift the price after fund raising.

IMO, this could be huge, and they are waiting for a few more people to inject just a bit more working captial and then hopefully pow. OK, no need to get in the next few weeks, this will probably drift, maybe upto 20p by Xmas, but I think it will surge in the new year, certainly hope so.

ellio any idea what's going on with this one? thought it should be drifting upwards really considering potential. perhaps new year is the time as you said.

from the "UPS" thread earlier .......

KEEP an EYE
CRND 2.15 / 2.20p

Large volume yesterday and bouncing from a long drop. Expecting news of production going to start soon


The volume has exploded again today and the shares are now well ahead

Another move up today 2.60 / 2.65p and more consolidating than on Friday spike and then loossing most of the gains

How high do you think this will go????

I predict a big big fall anytime.

Just let it run UP on the other side ( right ) of the chart

got to 3p today on a follow through volume once again

There was just a bit of resistance @ 3.20p but only lasted 10 minutes, the same happens now at 3.60p.

There is already 60Miliion shares traded, certainly there is a two way trading and is going to be a record day on the volume

what's going on with these??????

.

.

Who did ask for that ............

CRND

Response to share price movement

CRG, the South African gold mining and exploration holding company, notes the
recent significant movement in the price of its shares. The Company is not
aware of any reason for this movement.

.

From boom to bust in one day :(

I only can reach the conclution that MMs ask for the news as the demand is greater than their books.

In one go they had the shares replace on the book at a lower price and all square.

To me was just easy down, easy up
Can I say the B@stards have done it again?

LOL !

"I only can reach the conclution that MMs ask for the news as the demand is greater than their books"

Off again up 20%.

and UP again now offer at 2.90p and rising as is the volume 11M and not yet 1 hour trading

.

If you are in....bite the bullet....probably going bust....

Time to get in again?

the bounce is on after the sharp fall on bad news. The dead cat bounce at least @ 1.39p

There is some live on the stock today ( has been hold back for too long )

Is going places now 1.47 / 1.55p +0.19p

Hoping for a good up surge on Monday

KEEP AN EYE


Are on the move up after some very large trades a bit earlier 10m + 7M + and news after goberment cabinet meeting ....


Cabinet has adopted the recommendations of a team of experts on how to deal with the problem of acid mine drainage, governments chief spokesman Jimmy Manyi said at a post cabinet media briefing on Tuesday. Cabinet also agreed that further work should be undertaken to investigate the possibility of an environmental levy. The recommendations include implementing ingress control measures to reduce the rate of flooding and the eventual decanting and pumping volume. Also that the costs to deal with acid mine drainage be reduced and that water quality be improved through neutralisation and metal removal in the short term. In the medium to longer term salt loads should be removed from river systems be considered. Finally cabinet agreed that the monitoring and research be improved to inform decision making and to monitor and manage the other sources of acid mine drainage in the Witwatersrand. National planning commission Minister Trevor Manuel told the briefing that the immediate task was to pump water out of mines across the three basins. He gave the assurance that government was dealing with the problem and that the pumping in the western basin would begin immediately.

He stressed however that there was 'no need for panic'. while the recent rains had created the perception that there had been rapid decanting, in fact this was just water flowing through. Mr Manuel said government would try to recoup much of the cost of dealing with the problem from profit making mines. An expert told the briefing that the pump would begin operating by March 2012 Mr Manuel said the report would be released by the Department of Water Affairs in the next few days and that the Minister of Finance Pravin Gordhan would announce the financing for the plan when he releases the national budget in parliament tomorrow.

business day

excellent news & gold up!!!

Print Tuesday 22 February, 2011
Central Rand Gold Ld
Acid mine drainage update
RNS Number : 6455B
Central Rand Gold Limited
22 February 2011



Central Rand Gold Limited

("CRG" or the "Company" or the "Group")

(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 2007/0192231/10)

ISIN: GG00B24HM601

Share code on LSE: CRND

Share code on JSE: CRD



22 February 2011



Acid Mine Drainage Update





Central Rand Gold ("CRG" or the "Company" or the "Group"), the gold mining company with assets in Southern Johannesburg, notes the release this morning of the minutes of the meeting of the South African Cabinet held on 16 February 2011 in which the government approved the recommendations made by the team of experts to the Inter-Ministerial Committee on acid mine drainage in the Witwatersrand.



CRG is currently seeking clarification and a further announcement will be made in due course.



The minutes of the meeting are available from:

http://www.info.gov.za/speech/DynamicAction?pageid=461&sid=16432&tid=28606



For further information, please contact:



Johan du Toit +27 (0) 11 674 2304

Patrick Malaza +27 (0) 11 674 2304

2.5p next!?

gibby

could I say that your post of RNS are out of order ( post 45 ) and spoiling the thread, if you really want to be usefull to other posters, just post the important part of the news like below ( editing ).......

Acid Mine Drainage Update

Central Rand Gold ("CRG" or the "Company" or the "Group"), the gold mining company with assets in Southern Johannesburg, notes the release this morning of the minutes of the meeting of the South African Cabinet held on 16 February 2011 in which the government approved the recommendations made by the team of experts to the Inter-Ministerial Committee on acid mine drainage in the Witwatersrand.

CRG is currently seeking clarification and a further announcement will be made in due course.

Another thing is the Share price getting out of order now 2.45p +1p +75%

but we can live with that

hello cielo - see what you mean - i was in a bit of a rush today hence brief note - & web link - and yes the sp was out of order today - i also was able to put up with that! :-))
tomorrow as this also involves wet, even perhaps more so than crg (crnd) will be keeping a close eye on both - tough call on both tomorrow - but a darn good day today on both!

have a good evening - cheers

So frightened of putting anything else into Africa won't go on about the stories but do you really think wet could be a good one - without the beauocracy which seems to go with everything? African and Manwana not on my lucky list!!!!!!!!! Years of waiting for those also.

From the FT.com .......

London small caps: Central Rand Gold jumps on Pretoria action
By Bryce Elder

Central Rand Gold jumped by 66.7 per cent to 2.35p after South African government officials said the nation would take action immediately to start pumping and treating acidic water that has been rising from old mines on the Witwatersrand. Central Rand Gold warned earlier this month that the rising water table at its mine near Johannesburg was a threat to its viability.

London small caps: Central Rand Gold

good movement at the start of the day but eventualy could not hold the follow through so I close the position at 2.46p

So after all it was a good entry point 1.395p on the 9th


cielo - 09 Feb 2011 15:17 - 40 of 52
Time to get in again?
the bounce is on after the sharp fall on bad news. The dead cat bounce at least @ 1.39p

well done

related http://www.treasury.gov.za/documents/national%20budget/2011/speech/speech2011.pdf

It looks like is on a BREAKOUT after rising for the last couple days, had a good retracement earlier on.

Very positive interim statement today with production up on the last Q and positive cash flow of $1M also


24 April 2012 -------------- Central Rand Gold Limited
-------------------------------------------------------------------
INTERIM management STATEMENT
-------------------------------------------------------------------
1. Summary
-- Quarterly production up 70% to 4,777 ounces ("oz").
-- Surface mining extended from June 2012 to 31 December 2012.
-- New surface exploration targets being investigated.
-- Underground production of 19,216 tonnes at a mined grade of 4.9 grams per tonne ("g/t").
-- On target to increase mill capacity by 70% to 20,000 tonnes per month.
-- Company cash flow positive, by US$1 million, for the first quarter of 2012.
-- Reduced rate of rise of the water level in the Central Basin.
2. Operational update 2.1. Geology

Updated Main Reef Resources

The first quarter of 2012 ("first quarter") showed marked improvements in the resource base of the Company, with an updated resource statement resulting from work undertaken in February 2012. Sampling information collected during the past three years of surface and underground mining was incorporated into the already substantial sampling database and used to re-evaluate the Main Reef Resources underlying the Consolidated Main Reef ("CMR") area.

this has got 10 bagger written all over it...get in now or regret forever

Nice round bottom and volume @16p just right to do well from now on after the recent retracement forming a FLAG ( bullish sign )

yes still in this one..didnt think id get a 2nd chance when it went up 5x last time...doubled my stake this time..teach the mms a lesson

Central Rand Gold (CRND) issues update on joint venture tolling agreement 22/7/2016

Central Rand Gold (CRND) completed and executed the definitive documents which will govern the joint venture tolling agreement with the third party supplier of gold bearing ore.

In addition, the company announced that it received multiple deliveries of gold bearing ore from the ore supplier, which is presently being stockpiled on site at the company's metallurgical plant.

The ore supplier will continue to deliver gold bearing ore to the company over the coming days, before processing of the material by Central Rand Gold, commencing in late July 2016.

The company is presently conducting metallurgical testing to ensure optimum recoveries of gold are achieved from the material.

ADDITIONAL JOINT VENTURE OPPORTUNITIES

The company continues to advance due diligence and negotiations with additional third parties regarding a variety of joint venture alternatives.

Given the commencement of the tolling venture, the joint venture opportunities will likely require the nameplate capacity of the company's existing metallurgical plant to be increased.

The company is working closely with Zhejiang Golden machinery plant to conduct various testwork and due diligence workstreams regarding the joint venture opportunities and the potential expansion of the existing metallurgical plant.

The company expects to be in a position to update shareholders regarding the joint venture opportunities in the near future.

I bought some @ 1.10p after the news, as Gold price has been breaking $1200 with a $10.4 rise to $1201.9 this morning.

Central Rand Gold Limited Convertible Security with Bergen

The Board of Directors of Central Rand Gold ("the Board") is pleased to announce that the Company has agreed to issue a zero coupon convertible security with the nominal value of US$240,000 (at the purchase price of US$200,000) ...

The shares in SA held unchanged 20ZAC

some calculation from "Gibbo1066"

I have to face whats in front of me. If we are processing 500 tonnes per day @ 1.9 grams that's 950 grams per day or almost 350 kilos year. Working on the current value of Gold at $38,500 per kilo that puts us at about $13.5 million turnover for the year.

If we get to 800 tonnes per day that figure goes up to almost $ 22 million. All that with a current capitalization of $ 2.5 million. I still believe that this company is worth between $ 30 & 40 million or approx share price of $ 0.17