Member Info for Gibbo1066

https://www.guygold.com/Investors/stock-information/default.aspx these are just my back of the packet equations... 45000 tons per month @ 0.0175gpt x 12 = 945 kilos per annum using Guyana as a basis for valuation this would put us at about 21% of their Gold production ( 4200 kilos per annum ). Currently valued at £460m x 0.21 = £95m Debt level at Guyana £62m x 0.21 = £13m or about 30% more than CRND. It would be good to see us valued at this figure, very good. Just enjoying the moment, I know this is CRND and we havent had a good run of late... since we were conceived back in 2006. But hey, we have to look at the positives. DYOR

I'm struggling to see how that would pan out... other than the loans we have and the notes outstanding for which we have trading guarantees, we have money in the bank of approx 3.1m rand and a concentrator unit which could offer excellent returns. Roll on September and some decent figures to work with... its all speculation until then.

Hello Simon, More news from TCTA regarding the water levels, 196mbs. I am at a loss as to why we have not as a company even commented on this given the current suspension of our companies shares. As shareholders we have supported CRND through shares issues, a continual stream of poor results and bad news. We all know our asset base is extremely valuable, we know the machinery to help us extract that value is on its way or maybe has even landed ( mid August ). The team behind this purchase have been publicly acknowledged for their dedication to finding a solution and I for one am looking forward to seeing the results of their endeavours. I still find it troubling that we as shareholders are not being kept upto date on the progress we are obviously making. A simple short RNS with some bullet points to give us PI’s hope for our investment, September is still a few weeks away and we have had significant news in-between the last RNS which I believe is noteworthy. Perhaps you could consider comments on the above? Best regards Simon

Come back around in late September, most if not all will be revealed...

Just look for one second at what Johan held in his hand and then ask whether he ballsed it up. PUNO, high water levels, low grade ore, employee tension, but what he did have an which is why our Chinese friends were interested in was assets. Lots of assets, just no way to get at them cost effectively. Now look again at what we have solved over the past two years and ask yourselves the same question. We owe approx 10m dollars in loans and notes, but if the concentrator unit works half as well as they think, we will have a 30 - 40m business by the end of the year. Our chairman has stated there will be no cute deals whilst he's in charge and I will be watching this like a hawk from mid September onwards. I strongly believe that if you are invested here, there is a good possibility of a very reasonably return on your investment depending upon your buy price. Approx 6 weeks to go and we will have an indication of where we are at and where we're going. As always DYOR.

Hello Simon, We are at last receiving a raft of news concerning CRND which on the face of it can be taken as good. I note that we are now down to 194mbs, yet we have heard nothing from CRND on the matter. Surely this is the type of news we should be commenting on, we have struggled for so long against unbelievable odds to get where we are today, the share price has suffered significantly and as have your investors, it would be good to see the board picking up on this news and keeping the PI’s informed. Best regards Simon

I'm with you, but we have been patient for so long, whats an extra few weeks? I am struggling to see the downside at the moment, even if the concentrator doesn't work out as well as they hoped and only say doubled the retrieval rate to 1.4 gpt, we are looking at 67kgs per month or almost $32m per annum based on 80% capacity. Do we have a board strong enough to get the best deal for ALL investors? Well, that remains to be seen, I certainly hope so and will back them with my shares if I feel the price is right. Still, its all speculation at the moment and I'm enjoying it. DYOR.

Hello Chartist2, I did read this in an earlier RNS regarding the loans to the company: Relationship Agreement Reflecting his material shareholding and the additional provision of the Loan described above, the Company has entered into a relationship agreement with Mr Wang and ZAI Corporate Finance, as Nominated Adviser, which regulates the continuing relationship between Mr Wang and the Company so as to ensure that the Company will at all times be capable of carrying on its business independently of Mr Wang. The Company has also entered into a separate relationship agreement with each of Redstone Capital Limited and Mr Yizhou Gu and in each case ZAI Corporate Finance as Nominated Adviser which similarly guarantee that the Company will at all times be capable of carrying on its business independently. If we collate all the positives we have received recently, our business moving forward will be worth $50m +, but that is just a rough guess. Until we see some results, it is all pure speculation. Roll on September and an ability to get a realistic valuation for our business... DYOR

in the immortal words of John McEnroe... you cannot be serious! Is it Earth calling S4LMO? OK, that is meant in a lighthearted way. On the face of it S4LMO, you have a point. We have had no production news for over 1 year. We have been bailed out by our very generous shareholder from China on a few occasions and we have until a few weeks ago a very determined PUNO case looming large. Now this is where the game changes for me. We know we are positive in terms of debtors and creditors as we have a RNS that states that. We also know that PUNO has been finally resolved, OK so it took them 2 RNS's to get the currency calcs right, but at least the amendment was in our favour. We also know that the concentrator unit paid for by one of our shareholders is on its way and will be insitu by mid August ( OK, its a couple of months later than planned.) We also know that the 2.3m tonnes of ore we have bought for a nominal price has 0.7gpt of gold ( another RNS states this ) We know that given to small batches we have tested this can be increased to upto 5gpt ( another RNS states this too ) We now have access to the underground ore which has around 3.5gpt as an average. ( you get the picture on the RNS's ) So, in summary, 2 years ago we had 4 suitors who had access to the negative side of this information and its probably why they left or were asked to leave the process. In terms of our viability, we are really at green shoots level. I still firmly believe that we will have some very good news come mid September / early October once we have had time for the concentrator unit to bed in. I appreciate we owe approx $ 10m in loans and notes, but given all of the above, I think that's cheap for the potential we have at our fingertips. So, in answer to your question.. for what? Well, I'd say, quite a lot, in fact, a great deal of potential... and the tools with which to extract that potential. Still, if your in it, until the shares are relisted ( if they ever are again as I still believe we are being circled ) we wont know if the market feels the same as I do. DYOR.

Thanks CC, I'm with you, the access to the underground mine is one of the key factors to CRND's true value. Lets hope the water levels continue to fall to give any buyer a bit more confidence. As to the value, anything over $15m will be good for me, anything over $150m and I will be having a bit of a party.... dont even let me think about anything over $300m as I will be looking at Hawaiian Islands to buy... thats a joke by the way. DYOR.

We have so much bad luck with this share, I like to grab hold of the positives. Lets say this concentrator does nothing more than extract the 0.7gpt and runs at 80% of its capacity. 0.0007 x 50,000 = 35 kilos per month. 35 x $40,000 per kilo = $1.4m or $17m per year. Based on 3 x turnover that puts us at $50m valuation. Subtract our current loan liabilities and you have $40m. Divided by the number of shares outstanding we end up with £ 0.1 / $ 0.13 per share. Now, factor in the PUNO settlement, underground mining, tolling agreements etc. well, I'll leave that speculation up to you. All of a sudden we have a potential golden goose and the $150m offer from 2 years ago is sounding like it was a bit cheap ( I know someone said that earlier, just cant remember who - sorry ) Anyway, enjoy the next few weeks, I have a good feeling we may all be a great deal happier come September. If it does pan out the way I hope, I may even pay for my own ticket to see the mine. DYOR.

... politeness costs nothing, but can win you friends and influence people. Thanks for your compliment. Si

HiggyP, I'm on a really tight schedule in November and if you have a chance to visit, take photos and post your findings whilst you are there, it could help us all. Why dont you see if you have some spare time and make contact with Lola to arrange a visit? If not, I'm going to try my best... trouble is someone else is paying for my time and asking for a 2 day visit to J'berg could be misconstrued and I really dont need that at the moment. Si

Hi Simon, You are of course most welcome to visit the site when you go to Jo’Burg later this year. Please send Lola your proposed visit date so they can ensure there is an appropriate person on site to show you around. You’ll need a safety briefing and protective clothing which the company shall lend for the purpose (hard hat and boots and eye protectors) and obviously, subject to the law, you would visit at your own risk. The company would not disclose any material financial or operational data which is not at that time in the market via a regulatory announcement but you would get the chance to see the operations and how management has stabilised them. The concentrator circuit’s assembly or testing prior to go-live should be well underway by then as well. Regards

191 mbs as at the 23rd July. I have a feeling that we are approaching a perfect storm for CRND. PUNO - Sorted and they owe us money! Underground Mining - we are 6 metres below the magic 185mbs 2.3m tonnes of tollings to work on purchased at a nominal rate Recovery rate - 0.7gpt - 5 gpt Concentrator unit - arriving mid August 60,000 tonnes per month capacity Chinese investor / share owner lending us money whilst we get back on our feet. My calcs still stand - we will be producing $3 - 4m per month worth of Gold by the end of the year and I think we will be sold too. As to how much, well that depends on how good our board is... so far there in lies the problem, but they have been given a chance to shine and I hope it will be very bright! It makes me feel better running through the positives and we have had our fair share over the last few months. Roll on September. As always DYOR.

We're in it, nothing we can do is but wait. Mid September is only 7 weeks away, all will be revealed.... well this is CRND, their definition of all may be different from mine. Enjoy the summer, back in the autumn.

Umm, belly up? With all the positives we've had finally, I would really hope that this isn't the case. Reading the RNS with the cash oweing and owed, we are still 3.1m rand ahead. Ok this doesn't take into account the loans etc which by my reckoning is around $10m, but still just look at the asset base, the machinery, the 2.3m tons of waste dumps with up to 5g/t ( crnd's figures ). The under ground ore to work on. I can't see us being worth more than 150m we had on the table 2 years ago and would rather stick to a low valuation given the suspension of the share price. Still I'm happy to be proved wrong on this part.

Excellent news again for CRND, I just hope we have the board to maximize our value, remember we had 4 suitors back when the water level was 60m above where it is now and we had the PUNO case still looming. I may be setting myself up for a fall here, but I am really looking forward to the next announcement. I've been let down so many times by CRND, we must be due a good one, we must be. I cant see what else they can drag up to suppress the share price. My betting is on we will be sold by Christmas and I'm happy to have a small wager on one of the existing share holders makes a bid. How much for, well, feel free to speculate / discuss. Did I mention the concentrator unit? Anyone for a wager of a sale price around $50m? Less the outstanding loans etc, we should be looking at around £ 0.1 - £0.12 each. I wouldnt be unhappy with that given the current state of the share price. However if the board have managed to get their collective act together, could we see closer to the figures from 2 years ago? Well now THAT would be interesting. As always DYOR. Oh, one last thing, I've requested a plant tour when I visit J'Berg later this year, interesting to see what they come back with.

Winston, trying to get to the bottom of how much we make and from what revenue stream is a difficult task. There has been so much smoke and mirrors over the past few years, I wonder if the board actually knows. I remember a note from Johan that stated we were profitable at $1250 per ounce, but as to whether the additional loan amounts have been taken into consideration who knows. I still don't understand why the figures from the deal struck in July last year which commenced in August haven't been released. OK so we've had some percentage figures of the amount which is attributable to CRND, but nothing in terms of hard cash. It's a waiting game and as I have said before, we're in it and can't get out. I check for RNS's daily as I know at some stage they will have to release these figures. In the mean time, we can all just speculate and trawl through old RNS's in the hope that if we all pick up snippets of info and gradually weave them together we will give ourselves and educated guess as to where our company stands. But it's still a guess. What ever happens, let's just hope we at least get our money back, anything more will be a bonus.

From October 2016...The Company has conducted concentrator testwork in order to determine how the Mine Waste Dump material performs under a variety of conditions. The testwork was conducted with the use of a pilot Centrifugal Concentrator located on the Company's site ("Concentrator Testwork"). The Concentrator Testwork has indicated that the Mine Waste Dump material can be upgraded from an average gold grade of 0.7g/t to gold grades between 2.5g/t to 5.0g/t. The results of the Concentrator Testwork were in line with the Company's expectations and the expectations of the industry specialists which were engaged by the Company. At 0.7g/t and running at 70% capacity the turnover is approx $1.2 million. I took the lower end of their projected range 2.5g/t and reduced it by 10% to give an approximate figure of $3 - 4m. Hope this helps.