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Central Rand Gold Ltd Share Chat (CRND)



Share Price: 0.401Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Central Rand
Spread: 0.00Spread as %: 0.00%Open: 0.401High: 0.00Low: 0.00Yesterday’s Close: 0.401


Share Discussion for Central Rand Gold Ltd


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Glib
Posts: 752
Off Topic
Opinion:No Opinion
Price:0.401
RE: RNS
Thu 21:51
At a guess I'd say to clear existing contracts and for the extra December payment. Possibly also to retain legal advisors for PUNO. It will probably cost a bit in fees to set up the cash shell so maybe this also.

Strange how they didn't actually specify what the bottom line for shareholders is. Maybe they are keeping it a surprise until after the vote. So what are the odds of a few $20m+ MOU's coming in to pick up a cheap world class gold mine with some damp problems?
 
CF73
Posts: 2,760
Off Topic
Opinion:No Opinion
Price:0.401
You have my sympathies
Thu 20:20
Had invested in this to trade and came a partial cropper with that LOL

CRND had been around for some time and was perhaps arguably one of the worst-run companies I'd seen on AIM, continually promising but never delivering. Its a shining example of what's wrong with AIM, the levels of corruption involved, and the lack of regulatory oversight needed to prevent this level of P 1 5 5-take
takeachance1
Posts: 1,336
Off Topic
Opinion:No Opinion
Price:0.401
RE: RNS
Thu 18:27
Probably to pay their salaries until its given away.
Winston270
Posts: 235
Off Topic
Opinion:No Opinion
Price:0.401
RE: RNS
Thu 17:23
I also like to know why Central Rand Gold SA is stumping up £750k through the placing to provide working capital for the operations that are being given away??
k.j.k
Posts: 2,756
Off Topic
Opinion:No Opinion
Price:0.401
Guys
Thu 17:14
I realize we have been well and truly shafted here. I received my voting form today and voted against more in protest at this cute deal. I will never put another penny into any company in south Africa.
Sorry this has turned out this way BUT not surprised.
GreenWolf
Posts: 758
Off Topic
Opinion:No Opinion
Price:0.401
Typical AIM
Thu 12:58
Feel sorry for you guys holding. Been in shares before where this has happened - assets get palmed off to cover debt, PIs get left with an option to massively dilute or if they oppose it at the GM, the company goes bump and everything has gone. The phrase "zero accountability" comes to mind.
rutgers
Posts: 15
Off Topic
Opinion:No Opinion
Price:0.401
BLIND PI's
Thu 11:08
Dumb PI's still cannot see that the company steal was long in the making.
Indigenous persons Puno were the only ones that tried to raise alarms bells, Go chekc the historical records
alas we were sleeping on the job.
Maybe we deserve whats happened to us by this crooked bod and the previous ones
So long mickey mice
Winston270
Posts: 235
Off Topic
Opinion:No Opinion
Price:0.401
RE: RNS
Thu 10:49
So, Basically our Chinese friends get £15.443 Million of Assets/infrastructure for writing off/absorbing a total of £16.3 Million of debt, which is effectively costing them only £857.000. Additionally, the High Court Puno award also awards Central Rand Gold (Netherlands Antilles) N.V. a proportion of that award 'IF' forthcoming. Whilst us PI's get diluted by 83% & are left with zip - gee thanks! And there was me thinking there 'would be cute deals'...................... PMSL - AIM can go screw!

'The Court provided an Order that the funding call directed by the first and second applicant (Central Rand Gold SA and Central Rand Gold (Netherlands Antilles) N.V.) to the respondent (Puno) on or about 17 September 2008, for payment by the respondent for ZAR72,326,573.47 was declared valid and enforceable; the respondent was ordered to pay the costs of the application; the respondent was ordered to pay the costs of the application; and both cost orders include the costs of senior and junior counsel. Puno retains interest in Central Rand Gold SA but owes Central Rand Gold SA and Central Rand Gold (Netherlands Antilles) N.V. ZAR72,326,573 (approximately US$5,537,033 being the original loan amount plus compound interest)'
Gibbo1066
Posts: 391
Off Topic
Opinion:No Opinion
Price:0.401
RE: RNS
Thu 08:39
Just a bit disappointed, but with hindsight realise it was heading this way. We may see a few pence of our investment back, might just reinvest it as I have written it off anyway. So much potential, our fiends from the Far East have picked this up for nothing. Tempted to have a day out in Guernsey to cause some trouble and make a few people squirm. Good luck all, didn£t work out how I£d hoped.
jimbobtechstock
Posts: 6,899
Off Topic
Opinion:No Opinion
Price:0.401
4:1
Thu 08:22
Almost 4:1 dilutions so yes massive kick in the balls however the pragmatist in me says that whilst it's the haircut of all haircuts it is still a chance to get some money back - vs the alternative which was administration and the only people seeing any money being liquidator's fees and maybe some premium debt holders. I think this possibly best could hope for under the circumstances assuming it can get out of suspension and float above the pitiful 0.07p SP with debt restructured




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