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Water level table updated. No drop in the last two weeks. Still at 168mbs. Need to get those German pump engineers back to switch them "on" again.
Did we really expect anything less from our BOD??? No financial figures have been release for the past 15 months...... they can't even manage to stick to their own timetable, let alone AIM's.... Really don't have any confidence in them delivering an asset sale or fundraising that will benefit us PI's!
To be fair they said September...
It's after 5pm on the last trading day of September, so we can now officially call the RNS statement of 20/7/2017 (which promised "The Company shall announce in September, along with the interim report, specific details of the production figures from January to June 2017") a lie. Now we know the form, what other lies will be board spew?
Bergen managed it....
To me looks like hiring Peter House is the kiss of death although the Chinese investors will not be so easy to con
Not certain they will get suspended because they dont release the figures today, they will just add fuel to the fire that is currently burning and further confirm their inability to promise and deliver. I will be very annoyed and make sure that our Chairman knows it too. But, they havent broken their promise yet, so a little more patience is needed.
If they don't release the figures today they get suspended. Oh they already are so what next? Who knows.
All questions we can ask after the release of the figures... when they are released!
You have thought after Bergen, the BOD would have learnt their lesson and would touch the likes of these financing options with a barge hole! Why don't they Tap their Chinese investors up for some more funds & increase their stake in CRND or even Redstone, at least they'll hold their shares....
After Bergen Peterhouse must think we are easy pickings
CRND's BOD can't even stick to their own deadlines, let alone those of AIM. IMADabbler13 posts regarding Peter House Corporate Finance Limited doesn't make good reading.....
Simon Charles needs to give us some answers!
From CityChap2011 on the Interactive Investor site yesterday evening: Not only have Central Rand Gold shareholders seen their investment half due to the Board of Directors signing up to the Bergen death-spiral finance agreement. Where Bergen forward sold millions of shares flooding the market and driving the share price down from 2.5p to 0.45p. They completely duped the BoD because they never intended to take up any warrants at circa 3p. This part of the agreement was a complete red herring making the BoD think it was a good deal and that the share price would rise and the warrants would be exercised. Now the Board of Directors has appointed Peter House Corporate Finance Limited, the broker from hell. Check out Nyota Minerals LTD (NYO) to see just what a nice supportive broker Peter House is and what has become of Nyota Minerals another struggling miner with virtually no cash. Peter House offered to fund Nyota, which would have meant massive dilution for shareholders, but then never delivered the funds and may have allegedly shorted Nyota's shares in the process further driving down the share price. Nyota's Nomad resigned. Peter House wouldn't fund Nyota unless they found a new Nomad. They couldn't and Nyota has now had its shares cancelled on AIM with little to no chance now of raising any funds to continue. Shareholders were completely screwed over by their Directors, Peter House, their NomAd, Beaumont Cornish Lt, and AIM. Nyota found a replacement NomAd but AIM wouldn't permit them. Nyota is now insolvent. Game over. Don't be surprised to see Peter House offer £500K for millions of shares at 0.05 p, delay funds which then never arrive and CRND will go bust. Does nobody on the Central Rand Gold Board of Directors have any idea what terrible financial decisions they are making? How can Chairman, Simon Charles, allow these inexcusable mistakes to be made?
next most popular release is 10:00... then its 13:00 hours and onto the close of the of the markets... any bets?
Maybe they're going for the wam, bam Friday Interim Results announcement, with plenty of negativity & dilution to announce....
The way I read it, the more brokers you have, the more brokers that are marketing the company to potential investors and increasing demand for the stock. Additionally, they are also competing against one another
Patience... I wouldnt be surprised if it comes over today. I cant see them going bust after this announcement, so we are now down to a massive dilution, a partial sale or full sale... all of which are positive for me even if I dont like them or the price!!
Never mind the news about the broker crnd, wher on earth is the account and operations update?
Our previous broker was Brandon Hill Capital Ltd. They were appointed on 23rd Jan. On 10th Jan, ZAI Corporate Finance Ltd was appointed as broker and nomad. Don't think you can read any more into it than they have a new adviser. AIM. A nominated adviser is required at admission and throughout a company's life on AIM. The nomad assesses the company's suitability to join the market and helps coordinate the admission process. On a continuing basis, the nomad will advise and guide your company on its responsibilities under the AIM rules. Follow the link to find out more about how to become a Nomad for AIM. The corporate broker acts as the main interface with the stock market, assessing market conditions, the demand for your company�s shares and actively marketing them to potential investors. You may want to appoint a broker with experience of your industry, capable of stimulating investor interest both at flotation and in the after-market, to enhance liquidity in the shares and to maintain your company�s profile.
That doesn't of course automatically mean the shares will start trading again as they could be doing deals that don't involve us shareholders but if we are brave enough to contemplate they are not going bust then it gives a bit more hope that the shares will start trading again.
I am not going to be so bold as to suggest anything but see the definition of a broker below. Needing a broker implies they expect to keep trading and "doing deals" as apposed to going bust. A broker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. 2. The role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
What does this mean Gents? Shares will start trading again?
I would view this as positive move, suggesting they intend to stay on the market at least. I assume more brokers the better.....
Perhaps grasping at straws but if they need a broker at all it suggests there is some hope of the company trading after the suspension.