Member Info for Winston270

It seems CRND's neighbour ASX listed West Wits Mining Limited have re-started open pit mining, might be an opportunity to offer processing capacity:

http://www.miningweekly.com/article/west-wits-breathes-life-into-old-gold-mine-2018-07-26/rep_id:3650
http://www.proactiveinvestors.com.au/companies/news/200805/west-wits-mining-adds-428000-ounces-to-south-african-gold-bounty-200805.html

The TCTA Water Level hasn't been updated since 18th June.

I'd also be inclined to agree, whilst they have very little cash left (US$174,000) they do also have zero financial debts. So they should have more options open to them, with higher grades located elsewhere & still low gold prices, it *may* be a good move long term if they can recover.

Hi Simon, I'd be interested in seeing a copy of your discussions. My email address is winst72@outlook.com

Without pointing out the blindingly obvious they were suspended from trading due to not having sufficient financial standing to continue listed as a going concern on both LSE & JSE, upon the placing being cancelled late last year & suspension not being lifted within 6 months they were automatically de-listed from LSE. They said then, that the future of their JSE listing would be under review. Again, pointing out the obvious which is clearly stated in black & white in the recent statement, they are de-listing from JSE to cut costs. The fact remains that they are in precarious position and their future hangs in the balance on the back of the concentrator circuit, they are trading on a shoe string budget, but still trading at present. Mr Wang is now in the driving seat, and it wouldn't look good on him if suddenly CRND failed & the asetts transferred to Mr Wang by defaulting on his latest loan agreement. I'm under no illusions on my seeing my CRND investment again, if we get anything back from this mess, it would merely be a BONUS! Maybe if you've got nothing more constructive to add, might be best not to bother commenting......

It's on CRND's website for anyone who hasn't seen it: http://www.centralrandgold.com/voluntary-delisting-of-securities-operational-update-and-board-changes/ Fundamentally, very little has changed, the shares were suspended & non tradable, they have just been de-listed across the board. Mr Wang is now an Executive Director and the Chinese are in the driving seat. It still all hinges on the concentrator circuit.

Hi Simon, Thanks for the update, do you have any thought on this: https://youtu.be/3sI5i1WYdp4

Thanks for update Gibbo! Sounds promising.... it all rests on the success of the concentrator unit then. If that goes our way, it could really turn things around, lets hope Mr Wang & the Concentrator Unit can work miracles, it would be amazing if this came back from the dead. Can Mr Wang also do something with Puno? Who knows, there may even be a slim chance of under ground mining re-starting under this tenure.....

That can only be positive news, especially for 2 x plant managers. Also, Pump 1 seems to be back up & running full time again now.

Did you get a reply from Investor Relations Simon? We've got this far on a shoestring budget and appear to still just about keeping our heads above water. Gold Prices have moved higher in our favour since mid Dec 2017. We can only assume as to whether or not they've drawn down further tranches of the Jia Bang Wang $300k loan, I doubt the initial $46,650k would have been sufficient to plug the funding hole. However, due to the lack of updates we are still non the wiser! Also, Pump 1 has been pretty much out of action sine 10th Jan, which isn't good as we move in to dry season, otherwise it will be another year lost. Thankfully the water level is still holding up pretty well above 160MBS

Hi Simon, I've sent an email asking for an update as well, I suggest more do the same. It's about time we heard what the plan is going forward & if we're ever likely to recoup any value from our investments.

Nice one Simon! We need to make sure they don't forget they still have shareholders.... It seems Pump 1 is out of action for the foreseeable.

The water level is holding up pretty well at 164.32 MBS, this considering 'Pump 1' has been out of action for the majority of days between 10th Jan & 19th Feb: http://crg-sa.com/wp-content/uploads/2016/06/TCTA-Central-Basin-Schedule-2018v5.pdf

http://crg-sa.com/wp-content/uploads/2018/01/Loan-Agreement-and-Board-Changes.pdf

At least they're taking the time to reply to us & hopefully they will fill us on the plans going forward soon. At least they know we're still out there & interested...

http://crg-sa.com/wp-content/uploads/2016/06/TCTA-Central-Basin-Schedule-2018-Jan1.pdf Don't what happened between 3rd & 4th Jan, but water level rose 8M overnight. Back up to 166 MBS

And me! Dear Paul, Thank you for your email. We believe the rest of the shareholders have suffered the same losses. The company is in the process of board restructuring and will provide an operational update in the due course. Best Regards, Investor Relation

Simon, Tbh, I'd rather they issue an RNS and informs all shareholders in one / publish their revised strategic plan on their website, if we pile on the pressure via emails hopefully we can force their hand to reveal the plans for CRND going forward. The $300k loan is a short term sticking plaster to buy them some time only, I'm interested to know how they can pay this back without defaulting Mr Wang owning the majority of CRND assets.

Simon as requested: Hi, As a long term investor in Central Rand Gold Plc, having invested a total of �25,700 in the company which is currently worth �0, when can existing shareholders expect to be updated on what the revised strategic plan is going forward? While it's commendable that Mr Wang is continuing to support the company with a further loan of $300,000, given how many loans & cash CRND has burnt through to date, how exactly does CRND intend to pay back this loan to Mr Wang within 12months including interest? What then when the $300k runs out? What's happening with the Concentrator Circuit that was meant to be operational from December? With the underground water level being close to 180 MB this has previously been announced as the level at which underground mining could re-commence, it this likely to ever happen & how would it be funded? Whilst shareholders were pleasantly surprised that CRND has been thrown a lifeline, we all have lots of questions that we would like some answers too, Regards, Paul

Done Simon! I've fired a load of questions at them inc concentrator circuit, how can they re-pay Mr Wnags $300k within 12 months, under ground mining & asked when we expect to hear the revised strategic plan etc

The amount of shares you own should still be visible in your account and only be showing due to being de-listed / non tradable. Your holding should not be removed from your account until such time that the company is wound up & can officially be declared as a tax loss at which time your broker will advise in writing.