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 !.

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