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 !.

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