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 !.

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