Member Info for Gibbo1066

Lets hope the Gold price can hold up...

November, but let's see what news comes out this month before hitting the panic button.

Thanks Winston, exactly as I have said previously, we have the Gold insitu, but how much it will cost to extract that Gold will define our true value. We have access to approx 1/4 of the underground mine currently and just to keep some realism in the figures if we say 20% of the gold is now available to us... 6,400,000oz x $1250 is still $8bn. Its how much that will cost to extract. If we can get the cost to a more reasonable industry standard of $800 - 900 per ounce, it leaves a very healthy margin of $ 2.5bn. I maintain that we have been overlooked and undervalued because of our litigation and production issues, one is sorted, lets hope the other one will be too.

Poor maths this morning... POG at $1220 in May at the time of suspension, now at $1340 a $120 increase. We have 32m ounces of reserves ( OK we dont have access to it all but lets not worry about that at the moment ). A simple equation really, 32,000,000 x 120 = $3.8bn... Its how we get to that Gold that will determine the eventual value of our company.

Hello Takeachance, thats really difficult to predict. We have had no production details to work on since June 2016 so it really is sticking a wet finger in the air and guessing. I've been working on the premise that we now have a company in its infancy, litigation free, sitting on top of a huge pile of Gold and a workforce with a good bonus scheme in place. We as shareholders have paid for some technically advanced Gold recovery machinery and some very expensive pumps to lower the water levels to get to the good stuff. We owe c. $10m in loans and notes, we have a few losses to make up for and a small but still positive balance, but that is small fry when compared to our potential, but thats what it is... potential. We are apparently producing Gold, but at what rate and how much is our cut, only CRND knows... and if they arent publicising it, I cant imagine its that good a deal. So in answer to your question, I would say £0.10 - £ 0.15 is a good opening price, £ 0.15 - £0.2 as an opening bid. We could go stratospheric especially if the POG continues its rise ( the value of 995,000 kilos of Gold has risen by almost $1bn in the latest run ) But, keep your purchases in check for now, this is AIM and we are discussing CRND. However, whereas we have had Enfant Terrible since birth we are now approaching the teenage years... growth spurts, sulking, maturity, strength and everything else in between. Only September 2017 will tell. Good Luck all.

now wouldnt that be good... as far as 5gpt, I would work on half that if not less, better to make your figures work on considerably less. 15 days to go!

It's exciting - come on, we are either royally F**ked or engulfed by the warm bossum of profit... I've decided I will only worry about issues where I can affect them, the rest, well let's see how it goes and then deal with it.

Well, we have 16 working days left in September, any one up for a bit of guesswork for some entertainment? My money is on we'll be sold, as to the price, somewhere between £0.15 and £0.20. I will of course complain bitterly, as our asset base is vast, but how much will it cost to get the Gold out is the question. Dont take it too seriously, there is nothing that can be said on this board which affect the outcome, we are in the hands of the Gods. Gibbo

So do we all, but having received the email from Simon specifically stating 'no cute deals' it would seem unlikely, I cant imagine someone like Simon with a solid reputation putting that in writing without backing it up.

Hello Simon, I am a little disappointed that I have not received a reply to my recent email below and voicemail message. As I have stated previously, my aim is not to gain an advantage via our conversations, merely to prompt the current management not to fall into the previous trap of poor information control / release. As shareholders in CRND, we have suffered a considerable amount of loss of value in our shares over the past 10 years. Whilst it is obvious that not all of the issues have been down to miss management, the current handling of the share suspension in light of the recent good news only adds to the current troubling situation. We have received a continual stream of good news. The value of our Gold in situ now stands at approx. $43,000 per kilo, we have the resolution of a constant thorn in our side of the PUNO case, the water levels are now over 20 metres below previously stated depth where we could consider the resumption of underground mining, as stable workforce with bonus scheme in place and a seemingly very well informed investor willing to assist with our cashflow issues. If you compare the current situation mentioned above to the 2015 MOU’s where we were up for sale to the tune of $150m, we should at least reach that valuation, if not considerably more. I note that you have scheduled in an update during September to bring us up to date on the production figures from last year, I only hope that you will comment on the arrival of the concentrator unit and the other points mentioned above. We all know we have the Gold in place, CRND’s investors have paid for 10’s of millions of dollars towards the infrastructure and we have very little debt when compared to the assets we have at our disposal. There is a considerable upside to CRND, I hope that the team in pace can extract that value in the short, medium and long term and recompense the shareholders for their continued patience. Best regards Simon

Gold at its highest level since September 2016... $43,000 per kilo... Even at 0.7gpt and operating at 75% capacity, the concenrator will generate 31 kilos per month or approx $17m turnover per annum. Interesting reading if you have a moment... http://www.mining.com/web/heres-how-you-value-any-gold-project/

just ahead of you on the average cost IMAD, we will all know this month as to how fortunate or foolish we have been. Between us we must have 5m plus shares a significant holding if our far eastern fiends decide to offer peanuts. The shares are worth in excess of 10p IMHO, so I'll look forward to that invite for a weekend away... I hear the Cliveden is a wonderful hotel. :-) Si

a Kilo of Gold is now $2000 more than when I started looking at these figures... at 945 kilos per year ( see previous notes ), thats an extra $1.8m...

a Kilo of Gold is now $2000 more than when I started looking at these figures... at 945 kilos per year ( see previous notes ), thats an extra $1.8m...

We have millions of millions of dollars worth of Gold under our companies feet. We have a reducing water level giving us access to this gold. A concentrator unit and tens of millions of pounds worth of infrastructure purchased with our money. No outstanding legal cases, easy access to 2.3million tons of ore with upwards of 0.7gpt, happy workforce with a very nice bonus scheme in place for December, a board who have on the face of it some very good skills in the mining industry. OK, we may have approx $10m worth of outstanding loans and notes, but who wouldnt pay that for the potential we have in front of us. Personally $30 - 40m is a good opening valuation until we see the returns from our recent purchase. If this works, well, work it out for yourselves. Keep on enjoying the ride! DYOR

Nothing yet - I left a message on his work ansaphone too. As we are so close to September, I will let them get on with this work and see what is on offer when the news breaks. We have had some good and great news over the past few months, lets hope this translates into actual valuation for our company, its going to make interesting reading when the RNS comes out.

More good news, 20mbs below where CRND stated they would consider the resumption of underground mining. has Midus returned to CRND? September cant come quickly enough, can our board turn this plethora of good news into share value? So many questions and I am looking forward to the answers.

its just a bit of fun, dont take it too seriously!

https://www.guygold.com/Operations/Aurora-Gold-Mine/Reserves-and-Resources-/default.aspx

sadly he hasnt replied to my last two emails. I will give him until the end of the week and try again, if no reply, I'll call him & put the details of the conversation here.