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 !.

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