Member Info for Gibbo1066

... and its only 10:30am.

And the pumps have slowed down considerably. I am not certain which is more frustrating, the lack of quality information, the troublesome pumps or a sinking feeling I have at the moment. Its a dark day for CRND, new lows and I cant even see a sliver of light on the Horizon, must leave this alone until June / July... I will either have all my money back and some or be sitting on a ton of useless paper with Central Rands name on it. Its a 50/50 call. Such a shame, they have tons of Gold ore, just dont seem to be able to come up with a solution on how to capitalise that gold resource.

The removal of the PUNO issue will have a huge effect on our companies attractiveness IMHO, it would also be good to know the amount of Gold we are getting from our 500 tonnes of ore processed. I tried my old contact, but he is remaining in the shadows. If it is 1.8 grams per ton, we are looking at nearer $40,000 per day in turnover based on 900grams. The concentrator circuit arrives in April and we have enough funds from the recent placing to last us well into next year. Back in the bottom drawer again for me unless I am tempted out again... I still live in hope and see you in June... obviously DYOR

FFS - how much Gold are we actually producing? Well, I didnt put it exactly that way, but words to that effect. Whilst I dont believe all is lost, its really bloody annoying not to have an actual production update. The last one in Feb was nigh on useless... so we are processing 500 tonnes... is that 900 grams ( approx $35,000 ) how much is ours? Percentages tell us very little. Not a happy camper today.

This is still ongoing. I believe the courts shut down over the Xmas period and were due to reopen early Feb. Lets hope for some form of resolution to this in 2017 as it much be having an adverse effect on the share price and probably one of the main reasons we lost our Chinese investors in 2015.

Just checked the previous RNS ( part of which is copied below ) for the raw materials we have available for this circuit and found this from late last year. OK, if we run the figures at say 80% of the maximum capacity and multiply this by 0.7g/t we are operating in the realms of 400 kilos per annum from this alone. I'll let someone else work out the tonnage for the higher grades as it does make interesting reading. Still, It adds more ammunition to my continued support of CRND and its future. I dont like the position i'm in, but the potential is there for those of us who can stay the distance. 400 kilos at todays rates equates to $16m turnover. Back to the bottom drawer for my shares. 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.

It seems that when ever we toss coins in this company we are on the losing side. PUNO still not sorted, water still not draining, raw material too wet...what next, wrong kind of snow? Another black cloud to deal with, although I did see a sliver of a silver lining, we are processing 86% of our own material... that has to be a good thing? Surely... I really am now going to put these in the bottom draw and look again in 6 months, the pressure generated from checking daily is too much to bear. Good Luck - see you in the summer.

I've just sent an email to Lola regarding PUNO, if I get a reply I will copy it here... one can only hope that a reply is forthcoming, but history tells me I wont get a reply! At least I have asked.

almost %0.5 of the shares outstanding... that has to have some effect on the valuation of our business.

You have to wonder if we are actually refining any gold at this price... We know we are producing almost a kilo of gold a day... that's $ 40,000 per day turnover, assuming they work 5 days a week means we are turning over $ 12,000,000 per year give or take.... that has to be close to BEP and at low quality raw material. John - it's nothing personal, I top up monthly and so far every time it goes down. As for the bottom... well I guess that's 0.008 or Bergens buy price. As always DYOR...

I have requested an indication of the next release of production figures... not a chance in hell of getting that information, still it made me feel better to ask. Whilst I am still very confident that CRND is on the road to recovery ( new NOMAD, loans etc ) My contacts have disappeared and wont answer any of my calls or emails. Whilst nothing they said was of market value and the information was and still is freely available to anyone who wants to look, I did draw some comfort from our chats. Still, I have to face whats in front of me. If we are processing 500 tonnes per day @ 1.9 grams that's 950 grams per day or almost 350 kilos year. Working on the current value of Gold at $38,500 per kilo that puts us at about $13.5 million turnover for the year. If we get to 800 tonnes per day that figure goes up to almost $ 22 million. All that with a current capitalization of $ 2.5 million. I still believe that this company is worth between $ 30 & 40 million or approx share price of $ 0.17. So, I'm keeping my almost 1 million shares and hanging on. I am not enjoying the ride, but I will do...eventually. DYOR obviously.

Just a quick Calc on the turnover... 500 tonnes @ 1.8grams per ton = 900 grams per day. 900grams = 31 ounces or $ 34,000 per day at $1150 equating to $12.5m / £10.5m turnover. Yet we are valued at just over $2m. Maybe 2017 is the year for our business to shine like the metal we produce? I still maintain my target of $ 30 - 40m valuation or $ 0.18 per share based on current levels. Might move this from the bottom draw. DYOR.

Interesting Black Ghost, the new 'guy' is actually a lady. I hope you are wrong with your guy who knows a guy comment, only time will tell. Still, thanks for updating us with your sold at the top story and poor return from the tailings. Happy 2017!

I have never lied on this board, it has always been and always will be my own personal take on the situation. You can read that how you wish. I am invested here with almost 1 million shares, I have no reason to lie as I still believe this share is worth £0.15 each given the amount of shares outstanding and I will hold and add until we have news which reflects our companies position. Have a good Xmas.

Just sent Lola an email re the water level and and requested more regular updates on the current situation, lets see if I get a reply this time...

you could be lynched for that on this board Altube... us CRND longtimers dont have too much to have a sense of humour about yet!

same one I used last time John...'lola.trollip@centralrandgold.com'

I can be very persuasive... that and I copy everyone on in on the website. It took 2 attempts and I had a reply last time. Lets wait & see, we have nothing else to go on...

Hello Lola, Its been six months since I last raised the question of lack of information from Central Rand and we are still in the same place, as a long term shareholder, I am still disappointed in the lack of communication and general updates. We know our mills are working and we are producing gold, but what we don’t know is how efficiently they are working and if we are making any money at it. We know have an unsecured loan from one of our potential investors, but nothing from the change of NOMAD, no update on the PUNO situation, Bergen still destroying our share price, basically nothing to keep the continually long suffering investors updated on positive movements. The current valuation is a completely at odds to our potential, value of our gold in the ground and surrounding areas and infrastructure.

PATIENCE. If you need the money now, you're in a bit of a pickle... if you can wait possibly only a few months, I believe this share to be worth 0.15 - 0.20 per share based on 195m shares Outstanding. We are producing approx 30kgs of Gold per month, the deal isn't stacked well in our favour as we didn't have too many options open to us at the time. But, we will soon have a multitude in front of us... our own ore to mill, underground options, a keen and well connected investor ( they make the machinery we need ). Once we have the uncertainty of PUNO out of the way, I can see this share being a gold mine! (Sorry)