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is this share still live or do I claim back ass a tax claim back
gold at an all time high you think an investment would be achievable
question would be at what percentage
With an ever rising gold price Central Rand's mines must start to look interesting at some point.
Update from Investor Relations - I've forwarded the original email received tonight to those people that previously emailed for a copy of latest accounts etc - Makes grim reading I'm afraid. If anyone has any comments or suggestions please respond to crg.investor@outlook.com
Dear Paul,
We hope you are well and would like to update you about the situation of the Company.
We have tried to communicate to different stakeholders in South Africa to get a better understanding of the situation in relation to CRGSA. And many have suggested that obtaining the business rescue approval from the court will be impossible, and even if the court grant the business rescue application it will probably ask tens of millions of US dollar injection from the shareholders, as the plant is mostly stripped from the illegal miners even though the court has assigned security company, Volsec, to protect the plant. (Please note that Volsec is also the applicant who applied the liquidation of CRGSA). The major shareholder of the Company, Mr Wang, is unable to fund the capital injection from his own.
In a nutshell, it seems it is quite highly likely that CRGL will become a shell company in the foreseeable future. If that happens, Mr Wang is unwilling to inject further capital to keep CRGL. We would like to know, if CRGL becomes a shell company, do you think the rest of the shareholders are willing to inject capital (approximately 100,000 pound) to keep CRGL in a compliance status (e.g. remunerate resident agent) and acquire other projects (script deal most likely)? Or will you just suggest that we just close the company for good.
Redstone Capital is currently the largest debt holder (approximately USD10m) of the Company, they are willing to convert the debt into equity so the balance sheet looks healthier.
Both Redstone Capital and Mr Wang have injected approximately USD17m into this Company, and it is sad that it is highly likely that all shareholders will lose their investment. However, without further capital injection, the Company will facing striking off.
Thank you for taking time to read this long email and wish you all the best,
Investor Relation
Anyone with even the slightest hint of news good or bad or ugly? Such an asset with gold reaching good prices and nothing to report from the owners? This land cannot be war marked for housing , greenery etc. They must be doing something to the site . Anyone with eyes in s.a?
If any investor has not seen the AGM / 2017 Annual Report yet, I have been forwarded them from Investor Relations with the above email response - If anyone wants a copy, please email me at winst72@outlook.com & I'll forward them on.
All - For your info, I've recently had a reply from CRG Investor Relations which provides a bit of clarity re: Liquidation.
?
There is also a request for help - If anyone knows of a corporate service provider that may be suitable - please let Investor Relations know via crg.investor@outlook.com - It's in all our interests to help where we can.?
??
crg investor
Tue 30/07/2019 16:05
You
?
Dear Paul,
Thank you for your email.
Please see the attached AGM info pack.
In relation to the liquidation event of CRGSA, Central Rand Gold Limited ("CRGL") is also trying to gather as much as information as possible to investigate further, this including seeking clarity from the South African directors of CRGSA as well as other relevant South African stakeholders. However, please note that CRGSA is not the same company as CRGL. No creditors have applied for liquidation of CRGL. Having said that, CRGL has its own issue such as finding a new corporate service provider or a new NED from Guernsey Island. If could you assist with that, please do let us know.
Best Regards,
Investor Relation
Thanks.
Union calls for mining company in liquidation to be rescued
https://city-press.news24.com/Business/union-calls-for-mining-company-in-liquidation-to-be-rescued-20190726
Just saying that 2x new liquidators appointed ( email address on my previous post below) and when i wrote to them they e-mailed me a claim form and asked me to send in proof of shareholdings in CRND. Not sure if i/we stand any chance in getting any money from CRND.
Check out the https://uk.advfn.com site for info' posted by other shareholders.
Are you saying the cat is still alive:)?
Following note for CRND seen on ADVFM share chat site :-
Folks, just to keep you updated, I've received the below mail today( copy/pasted) from one of the liquidators:-
CENTRAL RAND GOLD SA (PTY) LTD (IN LIQUIDATION)
Inbox
x
Reception Mayibuye Trust
Attachments
09:24 (58 minutes ago)
to me, welcomejacobs
Good day,
We acknowledge the receipt of your email dated the 24 July 2019.
We hereby inform you that Mr WN Jacobs and, JH Du Plessis and N Mda who are appointed as the final Liquidators in terms of the final Certificate of Appointment, that was received on the 23 July 2019 from the Master of the High Court Johannesburg.
As per your email we have noticed that you have mentioned that you are a Shareholder at Central Rand Gold South Africa (Pty) Ltd (in liquidation) with over 290,000 shares.
Kindly furnish us with proof that you are holding the above mentioned shares.
Also attached herewith please find claim forms for your attention.
Upon receipt of the above, we will be in a position to inform you in much detail about the liquidation process.
We await your earliest response.
Kind Regards,
WN Jacobs
Lesetja Malope
1. WE Jacobs – 082 562 3779 – welcomejacobs@mayibuyetrust.co.za
2. J Du Plessis – 011 791 6148 – jhdup@saftrust.co.za
There seems to be more people checking in on the ADVFN BB than here:
https://uk.advfn.com/stock-market/london/central-rand-CRND/share-chat
I'd be more interesting in receiving 2018 accounts.
Syed48 on ADVFN BB's is in contacts with CRND's registrar in Guernsey, he's posted that CRND will at some point soon be putting forward a 1.76p / share offer for our shares or relisting options (I assume that will involve new investment & existing shareholder dilution) - no more available thus far.
ive had a letter this morning saying theres an AGM and the resolutions are 1.receive accounts up to 2017 but more important 2.agree the business plan set out by the director report
Anyone got any ideas about what the business plan is ?
Folks, not sure if this helps but I've just seen the below post ( copy pasted here) on the https://uk.advn.com site:-
syed4812 Jun '19 - 21:34 - 3262 of 3266
0 0 1
Lesetja Malope
Business writer
City Press
p: 0117139001
w: www.citypress.co.za e: Lesetja.Malope@citypress.co.za
Contact him as I have contacted him and he wants to know how many shareholders and other details I think you all contact him.
Alas, it's in liquidation. Looks like another court case on the way, challenging some of the debt.
https://city-press.news24.com/Business/contentious-gold-miner-crg-placed-under-liquidation-20190517
Thank you
The company is in theory "still going".
It appears to have closed its gates to the workers though and has not paid them. Pensions may not have been paid into for months and there is no communication from the company to anyone.
Looks like there was also a fair bit of information kept back from investors. No idea what if anything the Chinese will do with the company.
Https://www.iol.co.za/the-star/news/crg-mine-workers-wait-for-salaries-20400386
Https://roodepoortrecord.co.za/2019/04/08/print-corrupt-mining-company-robs-employees-web-crg-brings-dogs-and-gunmen-to-chase-away-employees/
Has this wound up now or still going. Anyone know
Wish I had never invested in this share. Yet another one bites the dust. The companies treatment of share holders is shocking to say the least.
I cannot see this returning to the market for trading or investment . I have sent numerous emails and the last reply was from Lola trolip. It was money I could afford to lose , but still hurts the pocket. Anyone have any information , would be well received.
CRND's website has been down for the past few days. The domain doesn't expire until 12 Sept 2019
Domain Name: CENTRALRANDGOLD.COM
Registry Domain ID: 590441686_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.domains.co.za
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Updated Date: 2018-09-05T09:01:44Z
Creation Date: 2006-09-12T08:21:44Z
Registry Expiry Date: 2019-09-12T08:21:44Z
Registrar: Diamatrix C.C.
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Registrar Abuse Contact Email: abuse@domains.co.za
Registrar Abuse Contact Phone: +27.116409700
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Name Server: NS1.VODACOMBUSINESS.CO.ZA
Name Server: NS2.VODACOMBUSINESS.CO.ZA
DNSSEC: unsigned
URL of the ICANN Whois Inaccuracy Complaint Form: https://www.icann.org/wicf/
>>> Last update of whois database: 2018-09-26T12:12:53Z <<<
k.j.k,
I agree, it suggests there's still a decent size operation, we can only hope that as CRND are still trading (even if it is on a wing & a prayer) that things may eventually improve in a favour at somepoint. Best we can do is keep trying Investor Relations to remind them we're still out there....
Winston yes i agree on pog but i was surprised to see that they are still employing nearly 130 people
Good spot k.j.k, it appears we're still trading and hanging on in there at least. The increase in pog certaintly won't do any harm.