Member Info for Gibbo1066

Timing, its all about TIMING and we are almost out of it. Really frustrating as we have it all beneath us, we just cant access it. Not sure we can bumble along the bottom for 5 years to wait for the value of gold to go that high, still with the amount we are extracting I doubt it would pay for the fridge electricity bill in the staff room. Dammit.

Winston, we know the proverbial white flag was raised a few months ago, a sum of $20m is required to extract some of the potential in our mine. I'm not sure our Far Eastern friends have enough to see it through to the end. I dont know much about RR, but if they were interested, and we are now floundering, a little bit of patience on their behalf and they may end up picking us up for literally pocket change. I wouldnt bank on anything from PUNO, they still have a few cases outstanding against us but these now have little or no chance of success... but they cost us money to defend. I'm going to sit this one out and hope I may get a few pennies in the pound at some stage. Someone will pick up an absolute bargain of the century. Si

No, definitely not Simon Charles... did make me smile though....I thought I offered a balanced viewpoint on where to lay the blame. Whilst I agree the management has been atrocious, I dont believe they can be held responsible for the mine flooding or the pumps arriving late and not working as well as they should. The quality of the tollings needs to be looked at as I believe we were seriously misled on these figures, especially as we have the concentrator coming on line in December. Would we have bought it without these inflated figures? But then would we be in a position to extract more gold from lesser tollings? It all boils down to a simple equation, we are not getting enough of the shiny stuff from the ore we are working, our overheads are too high and we owe too much money. If I were to put a percentage on it, I would say the blame could be apportioned 60/40 management / situation. But thats just my thoughts.

Disgraceful shambles, but i am not certain everything can be aimed at the management. Some of us bought into the potential back in 2006, made a few quid in 2015 with the 4 x MOU's and then chased her all the way down... catching a falling knife I think its called. I'd like to see the paperwork for the tollings and the grade we were supposed to be getting from the 2.3million tonnes we bought, its apparently no where near as high as initially quoted... no where near! Our mine flooded and we bought some pumps, well that took a few years to get into place and we are still underwater. There isn't enough raw material within a commercially viable distance for us to partner with, I find that very hard to believe as we are slap bang in the centre of Gold area of SA. I think we have run out of time and possibly the patience of our investors. We can all shout at the screen, make some ripples in the pond, but ultimately we are seriously out gunned in terms of voting shares. I have spoken to Simon a few times ( to his surprise I have been the only one to make contact... read into that what you like ) and he is still working to get something back for the shareholders. I wouldnt expect it to be much, but something is better than nothing. In conclusion, we have had a mixture of extreme bad luck, poor management, poor machinery & maintenance, poor raw material grades, high water levels, and low Gold value conspiring to bring us to our knees and more than likely out for the count. Its been a ride I haven't enjoyed, but I have learnt a few valuable lessons, just wish they hadn't cost me quite so much. Good luck with your future investments. Over and out.

Secretly I agree with you, but I just cant let it all go yet. I'm down about the same a Geezer44, so any crumbs left at the end to share around wont make a big dent, but its better than ZERO.

Its a no from me, but I think its a forgone conclusion, I am just waiting to see how much of my initial investment I will get back if anything.

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.

I am waiting until the results come out before making any decisions, whether the board will buy shares, take part salary / shares all performance related. What the plan is moving forward. They wont get a cent from me until the way the company is run becomes transparent, I cant abide the lack of news, good or bad.

Right there with you LLCoolA, but we need money and a lot of it! Someone with deeper pockets than our current financiers. Its really frustrating, no it BLOODY frustrating that we have all these assets and a toothpick to dig it up with. Someone will make an eye watering fortune here, just not us I fear!

We just arent producing enough Gold with the funds we have available to us. Its not quite a white flag, but it isn't looking good. We will have the financials out at the end of this week, perhaps that will shed some light on where we are and where we are going. Dark days for our Gold mine I'm afraid.

Why does the latest RNS sound like they have given up before the concentrator comes online? So much smoke and mirrors with this company, one would think they were native Americans communicating with us not realising we speak English. What are our costs per month? We are bringing in approx $500k per month based on current production The Wang loan has a caveat regarding our ability to trade When will the first test runs of the concentrator come on line? I wonder if Redstone are waiting for the results to come in before they decide whether to call the loan in. Will we ever see the results? What is being done about the PUNO money? Who is handling the information data between CRND and TCTA - has anyone questioned their water levels? If not, why not? We have a fully functioning mine with machinery in place, how much would it cost to get to this place if you started from scratch? Perhaps the board would consider reductions in salaries in exchange for Shares? Can we convert the loans into shares, surely dilution is better than nothing. I wait with baited breath the actual financial figures coming in the next RNS before next Friday... I do hope they dont think I will let this go.

We have a way to go guys, so far we have about 10m in shares, we would need to hit at least 25% of the outstanding shares or 60m to make a difference. We are up against the Chinese and their loans of approx $12m. share options etc.. They could call these loans in at anytime, which is why we are so precariously balanced. The next 3 months are the most critical in our companies history. Get it right with the concentrator unit and we are laughing, literally. Get it wrong, and it could be goodnight sweetheart.

Hello Simon, No mention of the rest of the information we have been promised, I’ve attached the narrative from the 20th July RNS as a reminder. Operational Update The operations at Central Rand Gold have achieved a steady-state in the past two months, from May 2017, with operations having stabilised. The Company shall announce in September, along with the interim report, specific details of the production figures from January to June 2017. Various tolling arrangements are being considered in order to build in flexibility and to optimise the plant throughput. Best regards Simon

1/2 a step ahead of you Winston, I have already pointed out they mentioned the trading up to the end of June, after my phone call today, I dont think they will forget it.

so on or about 13th October we will know where we stand, what if any offers on the table, what if any tolling agreements, can we survive on the crumbs we have. If the concentrator unit works, and they run at 75% capacity we have a $22m a year business and a current valuation of $1.2m... and about 4 years worth of product to get through. Timing, its all about TIMING.

so far we have 2.7% of the outstanding capital... any others out there that want to join in? we need 25% to make a difference, some of these will be held by the directors though.

1.1m for me...

Happy to help. Our company is in a very dark place, but there is a glimmer of hope. If the concentrator operates at even 50% of its potential, we may have a chance, a slim one but still a chance & right now, I'll take that.

I put a read receipt on the email, only Simon has opened his so far.

these email addresses are the contacts who I have been sending information requests. They are all easily available on the internet with some research, however I thought I would assist and publish them for shareholders to make contact and express their thoughts on our companies position. Use them wisely. Simon.Charles@marriottharrison.co.uk JohnT@zaicf.com wei.jiao@brandonhillcapital.com jonathan.evans@brandonhillcapital.com lola.trollip@centralrandgold.com info@centralrandgold.com I will consider adding my shares to a collective whos aim is to ensure the board of our company releases production figures on a quarterly basis and writes this into our articles. I am also happy to discuss forming a collective pressure group of PI's. Remember we have untold riches below our companies feet and as shareholders we own part of this. I do not want this opportunity to secure my future to be prized away from me.