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 !.

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??????

.