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Perhaps Kibo should sell its 25% stake in Katoro Gold and use the money to grow its energy business.
It could also collect a portion of the £1m still owed to it by MED.
DYOR
I wonder if Kibo's energy storage division will bid for this slice of the pie: RFP | DMRE opens Battery Energy Storage Capacity Bid Window
http://www.businesslive.co.za/bd/companies/energy/2023-03-10-native-rfp-dmre-opens-battery-energy-storage-capacity-bid-window/
in regard to Katoro's nickel and lithium assets would be nice.
Great news on Pyebridge. It should have a positive effect on Kibo's share price but one can't be sure as there's a lot of volatility in the general market.
Impressed by Kibo's updated website ~ professionally done and easy to navigate.
We shouldn't undervalue crnd's main asset value potential. An article in this weeks Creamer Media's Mining weekly: "Prices [of gold] could surpass $5 000/oz in five years, from about $1 280 now, as investors seek returns amid a prolonged period of cheap money and use the metal as a haven from geopolitical and financial risk, McEwen Mining CEO Rob McEwen said. "
back above $1300 for only 1 ounce!
It might well happen that the cash flush PIC steps in to bail this one out to save jobs or we become a takeover target for a bigger fish now that PUNO sorted.
Fellow shareholders what we mustn't forget is that there may be serious attempts - by persons or groups of persons who never bought shares or that sold their shares prior to suspension - to use subversive strategies and or 3rd force tactics to prevent the share price from sky-rocketing once suspension is lifted in the hope that they may acquire maximum shares at a cheaper value.
POG now $1356 / ounce.. lets hope for a recovery of near 5 grams / ton which the resource has been indicated to hold in best case scenario. Is next year the year for crnd's first payment of dividends to long suffering shareholders? Surely this is not completely out of the realm of possibility?! The way I see it the bad days are behind us and time for this Witwatersrand rocket to engage Lift Off! As always DYOR
My guess is POG possibly @ $1500 (but do your own research as I could be wrong) before year-end or sometime next year.. why on earth would we want to sell out? Possessing amongst the richest gold reserves +- 480 square kilometres.. I say go it alone - FULL STEAM AHEAD crnd!!
There seems to be no stopping the gold price now.. i know it's early days but could it be on Bitcoin's trajectory? Many analysts think gold is hugely under-valued. All things being equal crnd with its massive gold reserves and infrastructure in place should be poised to benefit greatly. Time to shine crnd!!
Thank you for your efforts and contribution to this forum Gibbo. Much appreciated. Time to shine central rand gold! If the company had to start trading again next month what would be fair value for it's share price, anyone?
In S.A. there is a mechanism known as "business rescue" which can be used to protect a distressed company from creditors. Is there anyone out there who can tell me why the board doesn't apply for this assistance?
Why doesn't CRND apply for business rescue in order to get protection from creditors for a while until it gets its cash flow sorted?