Member Info for Winston270

Having re-read the full RNS, I don't think there's much doubt on the award amount in SA RAND, it's the second line of the bullet points that is causing the confusion; The Company's subsidiaries, CRGSA and CRGNV, awarded ZAR72,326,573 (approximately US$924,791). The award amount is clearly 72.3 million Rand - ZAR72 326 573.47 is declared valid and enforceable. - Puno retains interest in CRGSA but owes CRGSA and CRGNV ZAR72,326,573 (approximately US$924,791, being the original loan amount plus compound interest). $924,791 was the original loan amount requested from Puno for it's share of the cash call, on top of that there is now 9 years of compound interest, South African interest rates were as high as 12% in 2008 and are still 7% now, it may also include other associated costs. https://tradingeconomics.com/south-africa/interest-rate Hopefully there will be an RNS issued in the mroning for clarity, but it certainly looks as though the award is worth a lot more than the original $924k, CRND should also be re-inversed for court costs as well.

Yes that's correct plus CRND may get legal costs back. If Puno don't pay this time, they should be stripped of there shareholding for non payment. That could then be sold to the Chinese to raise funds.

Things are looking up!

Water level as of 11th June now at 166.84 MBS

https://www.businesslive.co.za/fm/money-and-investing/2017-06-08-central-rand-golds-problems-are-piling-up-thick-and-fast/

I must admit, I'm pleasantly surprised how quick the waterlevel is falling...... they have until mid Sept to really make it count during this year's dry season. I just hope CRND can survive & get through the current funding troubles, and finally benefit from the under ground mine production coming back on stream in the future....

It's the 'operating assets' that they are suggesting that they may consider selling. This could just be the processing Mills on a sale & lease back agreement to raise cash and /or the concentrator circuit if they have already paid for it??. The underground mine isn't an operating asset, I don't necessarily read it that they are considering selling up entirely. 10p a share would be nice, but can't see it somehow.....

Water Level still falling quickly, as of 28th May now @ 161.84 MBS

Latest update: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CRND/13234131.html Interesting the statement at the bottom " The Board of Central Rand Gold intends to focus on the procurement, installation and commissioning of the Concentrator Circuit in the next few months" What about meeting this months $1 million liabilities / securing funding to survive the next few months.....

I think the long term holders are well overdue some good news & start and make back some of their losses. I personally would really love to CRND rise from the ashes and turn in to a profitable pricessing & mining company. How far away they are from that only the board knows.

With that waterlevel drop, we could have been back mining soon..... If only CRND had the cash left to pay the employee's to extract & process the gold and pay for the concentrator circuit.....

Diddly squat achieved in a year, if funding isn't forthcoming by now, it never will be...... http://www.paragon-resources.com/PDF/rns/20170509-Company-Update.pdf

Because one of the non Execs on the board is also the sole Director of Redstone Capital who are owed approx 7.25 million stillin loan notes.

Currently stands at 149.84 Mbs. It's currently falling as quick as it rose, I must admit I'm pleasently surprised....

Glib, It is currently wet season in Johanesburg and they have experienced higher than normal rainfall, hence why the water level has risen so quickly since the end of 2016. The waterlevel had reduced to just under 162mbs by mid Nov 2016. http://www.saexplorer.co.za/south-africa/climate/johannesburg_climate.asp

John8833, We'll that's just it, until some results are relased, we haven't got a clue how much the Toll Treatment contract is generating CRND in revenue & profit. The Bergen equity issues are for working capital, as the Toll contract might be on 30, 60 or 90 day payment terms. Deliveries of Ore started during July, but they may not have received their first payment until Sept/Oct, we just don't know. Mr Wang's $1 Million loan at least is adding to asett base as well as boosting working capital by being used to buy & add a Concentrator Circuit & Mill 1 has been refurbished & ocmmisioned during Nov boosting processing capacity to 800 tonnes/day. At present they are said to be processing 500 tonnes/day, that equates to 2500 tonnes a week (based on 5 days). Which could be generating $10/tonne = $25,000/week, $15/tonne = $37,500/week or $20/tonne = $50,000/week.... Extract from website below from 2011 gives a rough idea what processing costs per tonne might by, unless anyone has anymore recent figures/knowledge? Mining costs as per the feasibility study are $2.66 per tonne mined, which, at a 1:1 strip ratio, comes to $5.32 per tonne of ore (one tonne of ore plus one tonne of waste). Process costs are $12 per tonne of ore, and general and administrative (G&A) comes to $2 per tonne, processed. This mining and processing cost of roughly $20 per tonne of ore now has to be subtracted from the value of the ore. http://www.resourceinvestor.com/2011/10/11/how-evaluate-gold-deposit-comparing-two-deposits

Gibbo, You don't need to wonderif CRND are producing any gold, they aren't!!! Not even a gram. If they were processing what you suggest, they wouldn't need to be issuing cheap shares to Bergen & taking loans off the Chinese to raise cash for working capital to keep going. CRND have had the Toll Agreement in place since July 2016 with Nikkel Mining processing their ore, CRND are simply paid per tonne for each & everyone they process and nothing more.