Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have been with share for 4 or 5 years duing which time I have lost a packet but i will still miss it.The gold is still there but bad judgement by the various management teams has resulted in as far as I can see the loss of such potenial profit.Anyway best of luck to all investors and good sailing
I believe the intention is too sell and it remains how much forThis is where the cute deals will come in I still expect a decent price all its neede is a decent injection of money and a strong company too take it over
With the cash call of about $40 million dollars most will already be spent on the $20 million debt,costs to set this up,BEE which I believe is now 30% and the extra months payment at Christmas:If we are to take a haircut then the debtors should have the same proportion.Otherwise there will be another cash call earlly next year and so on For info in 2008 they had $151m in the bank and 9 years later they are in debt with dilution all the way
I would imagine that the money would be to pay off the Wang family $10million and debts $8million so that they will not be out of pocket only people out of pocket will be the shareholders
Don,t give up till the fat lady sings
What,who is this nomad,I thought a nomad was somebody who wanders the desert
I believe although I hope I am wrong the companies intention is to drive the company into bankruptcy what with Bergen to drive down the SP,falsification of the water level,no updates,changes in management and the statement of Simon saying no cute deals.Why would this be said if he was not aware of something
I am not sure what the game plan is but the in the end plan will be the Chinese will own the mine and will make a great sucess of it.
In a previous article I posted it would take 16 years and $ 300million to achieve a mine of this calibre.This mine has one of the greatest untapped gold reserves known at present in the world
36 million ozs of gold approx $46,000 million in value minus production costs and they cannot borrow $20 million.I believe they are setting us up for a cheap sale.The Chinese have no intention of calling in there loans
Sold most of my shares only remaining 280,000 shares
To me looks like hiring Peter House is the kiss of death although the Chinese investors will not be so easy to con
After Bergen Peterhouse must think we are easy pickings
I hope i am wrong but I doubt there will be any RNS this month,just going on past performance
We may not know about the current situation but we do know there there is 36m oz of gold down there.$70 million was spent on R&D,Puno case sorted as also the leases.extensive lands not yet checked.Water level going down,new equipment installed or being installed.
I would say once the dust settles there will be some very rich people from this company unfortunatly not the shareholders
What I cannot buy is that the Chinese investor with inside information would put $1 million into a cmpany that could potentialy go bankrupt.Nor can I understand that there was no info from CRND about the potential mistake with the water level.Notice how after the WL annoucement they came out with a poor RNS giving a double whammy to the punters.I believe they intend to shaft all the investers here
My personnel opinion is that with the old water level a mine inspection would have been made when the WL reached 180mbs to survey prior to the resumption of underground mining.Thus they would have been aware of the WL,I believe PIs are being set up not only for a disappiontment but also to be ripped off
Between the old water level and new there is a difference of about 40m and noboby at CRND was aware of the fact.any mine inspect would have disclosed this fact
Yes a poor update with no real information other than the mine will likely be sold and they are setting us up for poor selling price.As for the water level with the previous water level figures it should have been clear to resume underground mining.Are they telling us that nobody went down the mine to verify the water level that is too much to believe the incompetence is unbelievable