The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Hi I am Garnet from South Africa could you please send me a copy as I have shears in CRND. My E mail is garnetamos@gmail.com. Thank you.
Thanks for persevering with your posts Gibbo-much appreciated!
Not long now until we will find out if we have lost all the money we put into CRND or if there is a glimmer of hope and we may see some if not all of it returned... obviously depending upon your price entry point.
Simon, I'm very interested to see the exchange you've been having. derekm7@gmail.com, Cheers Derek
Hi Simon, I'd be interested in seeing a copy of your discussions. My email address is winst72@outlook.com
I've been talking via email to one of the people in the middle of this mess, happy to send copies to anyone interested individually, I wont put it all on here.
Without pointing out the blindingly obvious they were suspended from trading due to not having sufficient financial standing to continue listed as a going concern on both LSE & JSE, upon the placing being cancelled late last year & suspension not being lifted within 6 months they were automatically de-listed from LSE. They said then, that the future of their JSE listing would be under review. Again, pointing out the obvious which is clearly stated in black & white in the recent statement, they are de-listing from JSE to cut costs. The fact remains that they are in precarious position and their future hangs in the balance on the back of the concentrator circuit, they are trading on a shoe string budget, but still trading at present. Mr Wang is now in the driving seat, and it wouldn't look good on him if suddenly CRND failed & the asetts transferred to Mr Wang by defaulting on his latest loan agreement. I'm under no illusions on my seeing my CRND investment again, if we get anything back from this mess, it would merely be a BONUS! Maybe if you've got nothing more constructive to add, might be best not to bother commenting......
Fundamentally , this share is caput! Why else would they be removing it off all websites . Stop dreaming it�s over.
It's on CRND's website for anyone who hasn't seen it: http://www.centralrandgold.com/voluntary-delisting-of-securities-operational-update-and-board-changes/ Fundamentally, very little has changed, the shares were suspended & non tradable, they have just been de-listed across the board. Mr Wang is now an Executive Director and the Chinese are in the driving seat. It still all hinges on the concentrator circuit.
All the info is there
It looks like it�s done.... Shareholders get nothing . Say buy to your fortunes you had in here.
I do hope so too gibbo but experience tells me otherwise. Someone has placed what looks like an RNS on ADVFN, doesn�t look good .
Winston, you�re on your own with that, Still I hope it works out for you.
HiggyP, this hasn�t been my crowning glory, but I am not prepared to roll over in just yet. I am doing the reasearch I should have done at the beginning, following any lead, comment, whisper I can. It isn�t pretty, even the Chinese think this is a bag of poo at the moment. There are a number of hurdles still to overcome and it all hinges on the concentrator unit. If this works, we may may just come out with our dignity in tact, if not we�re all screwed. So, I�m going to hang in there, keep pushing for info and hopefully by July we will have definitive news. One of will be right.... I just hope it�s me.
FWIW , thus far ie 1.5 to 2yrs of predicting outcomes , bag of the fag calcs has never materialised . No point getting hopes up people . Reality check , the Chinese are involved , AIM market , crnd history of terrible RNS�s even getting their dates wrong , it ain�t happening . We�ll wait and wait and hope and crash .
Hi Simon, Thanks for the update, do you have any thought on this: https://youtu.be/3sI5i1WYdp4
Looks like we are now in the critical part of the process, it all hinges on the amount of Gold we can extract using the concentrator unit ( sorry for stating the obvious ) 8 - 10 weeks and we will know if our investment has any value and what that value is. Miners of comparable size are valued at between $40 - $100m, I'd be happy with the lower amount as a starting amount...
Not sure they can do that HiggyP or if they will want to, a fire sale wont help anyone, least of all the Chinese. They have a great deal of money invested here and fire-selling the company wont realize them much at all.... they like us need to make this work, all will be revealed by the end of June. Just a quick calc, the concentrator can sift through 100t per hour. Based on 8 hour day, 5 day week and using the 0.71g per ton we are looking at a $5m company in yearly revenue... valuation c. $15m or $ 0.6 / � 0.04 per share. I'd be happy with that as a starting position...!! Yes, I do love rose tinted glasses, but hope to exchange them for clear lenses later this year.
Even if this does get relisted , which I doubt , but still live in hope . The Chinese are not going to give us our shares back . It may be relisted , brand spanking new while old holders will lose out.
Thanks for update Gibbo! Sounds promising.... it all rests on the success of the concentrator unit then. If that goes our way, it could really turn things around, lets hope Mr Wang & the Concentrator Unit can work miracles, it would be amazing if this came back from the dead. Can Mr Wang also do something with Puno? Who knows, there may even be a slim chance of under ground mining re-starting under this tenure.....
Thanks Gibbo, your updates are as I'm sure appreciated by all investors.
to me this is now a binary play... win or lose. We have all the assets but nothing to date to extract those assets and turn them into cash. We will know in June if our savior will be the concentrator unit, I certainly hope so... I have quite a lot of shares and too much money invested in here... hence my desire to get as much info as possible.
Thanks for your tireless work and updates Gibbo. I keep checking in every day in the hope of some news to give us some cheer!
Well, it seems like our Far Eastern friends are working overtime to get this company back on its feet. The previous incumbents are being targeted for their lack of real investment of their own money into the company and their poor negotiating skills, I have to say I agree with them wholeheartedly. Moving forward, the concentrator unit will begin to show results in late May early June and I believe we will see a real turnaround in the companies fortunes. Will that mean we get some of our money back, IMHO we are in a better place now than we have been for the past few years. If the unit works as well as it should, the combination of the skills of our largest investor and the team he has assembled will give us a greater opportunity to recoup our money. Only time will tell, I'll be back in June with an update.
That can only be positive news, especially for 2 x plant managers. Also, Pump 1 seems to be back up & running full time again now.