Central Rand Gold CRND

11th Feb '11 by flyingswan

47 comments 21875 reads

Fox Davies Capital Daily Update - Caza, Tullow, Petrolatina, Kefi, Central Rand Gold
Friday, Jan 22 2010 by Fox Davies Capital

" Central Rand Gold (LON:CRND) announced that it has placed a total of 24,691,964 new ordinary shares of 1p each in the capital of the Company at a price of 15p per Placing Share to raise £3.7M (US$6.0M). The Placing has been supported by the Directors and senior management and certain existing substantial shareholders. 23,781,964 Placing Shares have been placed using a cash box structure with existing investors and 910,000 Placing Shares have been placed with Directors and senior management of the Company. The Placing Shares represent 9.99 per cent of CRG's existing issued ordinary share capital and 9.09 per cent of the issued share capital of the Company as enlarged by the Placing. The Placing price of 15p per share represents a discount of 4.76 per cent to the closing mid-price on 21 January 2010 of 15.75p per share. The Placing has been underwritten by Evolution Securities Limited.”

Isn't the Evolution Down Grade an Up-Grade to 2.5p - a 100% on the current share price of 1.25p?

This is Fantastic News for New Shareholders. IMHO

Max Chart for Central Rand Gold CRND

Central Rand Gold (LON:CRND)

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flyingswan

23rd Nov '11

This should help CRND's cash flow over the next three months. IMHO

23/11/2011 - Company Announcement - MLI enters into two new agreements
http://www.4-traders.com/news/23-11-2011-Company-Announcement-MLI-enters-into-two-new-agreements--13903530/

COMPANY ANNOUNCEMENT Mintails Limited enters into two new toll treatment agreements with neighbouring mining companies 23 November 2011: Mintails Limited (ASX: MLI) ("the Company or "Mintails") is pleased to announce that the Company has entered into a new toll treatment agreement with a neighbouring mining company and is likely to enter into another toll treatment agreement with another neighbouring mining company later today. 1. Agreement with Galabyte (Pty) Limited
Mintails has entered into a toll treatment agreement to process gold bearing ore supplied by Galabyte (Pty) Ltd ("Galabyte"). Galabyte is the acquirer and operator of the Middelvlei Mine, previously owned by Pamodzi Gold West Rand (Pty) Ltd.
This agreement commenced on 21 November 2011 and is for a fixed, 24 month period. Galabyte will provide approximately 30,000 tonnes of ore per month to be treated at Mogale's Gold 1 Plant. Further, Galabyte may elect to contribute up to an additional 20,000 tonnes per month should additional ore be available and Mintails agree that the additional volume can be processed given the resource processing plan at that time.
Mintails has the right to terminate the agreement after one year should it identify an opportunity to more profitably utilise its plant treatment capacity.

2. Agreement with Central Rand Gold Limited Central Rand Gold (LON:CRND)
Following the success of the previous toll treatment agreement with Central Rand Gold Limited ("CRG") earlier this year, Mintails is pleased to announce that it is in the final stages of negotiations with CRG and expects to sign a further toll treatment agreement with CRG later today for the processing of ore through the Company's Gold 1 Plant. It is envisaged that this agreement would be operationally effectively immediately upon signing and will have a fixed term of 90 days, at the end of which the parties will have the option to extend the agreement by mutual consent.
Under the terms of the agreement, Mintails will provide the capital infrastructure via its milling and processing facilities at the Mogale Gold Plant, while CRG will contribute 30,000 tonnes of gold bearing ore over the course of the 90 day term of the agreement.
The announcement of the pending agreement with CRG has been made prior to the formal signing of the agreement in order to allow Mintails to discuss the agreement with shareholders at the Company's AGM set down for 2pm tomorrow.
Both toll treatment agreements are based on a fixed gold toll treatment fee.
In parallel with the operation of the two toll treatment agreements, Mintails will continue with the treatment of its own resources through its Mogale Gold Plant. These two new agreements provide
Mintails with the opportunity to increase revenues and improve operating margins through the combination of higher head grade and more optimal use of installed processing capacity. Further, they increase Mintails' operational exposure to hard rock gold ore mining and processing; activities identified as being of strategic importance to the Company's growth plans.
On behalf of the Board
Mark Brune
Chairman: Mintails Limited

About Mintails Limited Mintails Limited (ASX Code: MLI) is an Australian listed company with management and operations in South Africa. Mintails processes and recovers gold from surface tailings resources which are present on the West Rand of South Africa's historic Witwatersrand Basin. To find out more, visit Mintails at:
http://www.mintails.com

27th Nov '11

Fingers xxd has done the chart on Central Rand Gold (LON:CRND)

Chart of Central Rand Gold CRND

Coped from FXD BB Post 196 27th November 2011.

Looks about to break out of a consolidation triangle. IMHO

28th Nov '11

Suggested upside to 0.76p on CRND's Share Price:

CRND Chart By HorneBlower 27 November 2011

This chart looks very positive. IMHO

7th Dec '11

People are starting to notice Central Rand Gold (LON:CRND) after the 25% rise in share price over the last two day. See this article as an example:

London gold edges higher ahead of ECB decision; Central Rand Gold, Kolar Gold on the rise
http://www.proactiveinvestors.com.au/companies/news/23194/london-gold-edges-higher-ahead-of-ecb-decision-central-rand-gold-kolar-gold-on-the-rise-23194.html

Thursday, December 08, 2011 by Proactive Investors
Gold edged higher overnight in London as demand for the yellow metal was stimulated by expectations of further stimulus action by the European Central Bank (ECB), which will make its interest rate announcement tomorrow.

The ECB is widely expected to cut its interest rate by a further 0.25 percent or possibly by as much as 0.5 percent, which would drop the rate to 0.75 percent, to stimulate the European economy.

It is also speculated that the ECB could go further and reduce deposit and borrowing rates for banks and provide long term loans for up to three years for banks to boost liquidity in the sector; in addition, according to a report by Bloomberg News, the ECB could relax collateral criteria for loans.

Further measures to support the European banking sector by the ECB is likely to push up the euro and weaken demand for the US dollar, which is seen as an alternative asset to gold.

Gains in the yellow metal were curbed by fears that Friday’s crucial EU summit will fail to bear fruit after a senior German official said he was pessimistic that the summit will be successful.

EU leaders are set to discuss changes to the EU treaty to tighten fiscal discipline within the euro zone to avert a breakup of the monetary union.

Gold traded at 1.734/oz this afternoon, up US$5 from Tuesday’s close. Other precious metals were headed in the opposite direction with silver dropping 15 cents to US$32.61/oz and platinum falling US$12 to US$1,510/oz.

London’s top risers in the sector were:

Central Rand Gold (LON:CRND), up 9 percent at 0.436 pence Central Rand Gold (LON:CRND)

Kolar Gold (LON:KGLD), up 5 percent at 15.5 pence Kolar Gold (LON:KGLD)

Randgold Resources (LON:RRS), up 3.5 percent at 6,950 pence Randgold Resources (LON:RRS)

Orosur Mining (LON:OMI), up 3 percent at 72 pence £OMI

15th Dec '11

Just noticed Fingers Xxd has done Central Rand Gold (LON:CRND) 's Chart with comments:

CRND Chart With Comment

20th Dec '11

Central Rand Gold (LON:CRND) Strong Buy http://barchart.com/quotes/stocks/CRND.LS

Central Rand Gold Share price is seeing a re-rating today after an email was posted on the LSE BB, stating that the Mintails deal has been signed by CRND.

Also Central Rand Gold (LON:CRND) is expected to RNS the results of the reinstatement of its mining rights on 22nd December follow an unopposed hearing.

So positive news in the pipeline IMHO

21st Dec '11

Central Rand Gold (LON:CRND) is doing well again today, currently up 0.33p 42% rise:

Wednesday, December 21, 2011

One of today’s top performers in the mining sector Central Rand Gold (LON:CRND) became one of the most actively discussed stocks on message boards thanks to today’s 9.5 percent rally to 0.85 pence per share.

Investors following the South African operating miner also noted that volumes have increased considerably with several buys of hundreds of thousands of shares going through in the morning.

The surge in the share price was linked to today’s sharp rise of over US$25 in the price of gold and speculation that the yellow metal has bottomed out and another rally in gold prices is coming in part due to increasing physical demand from China.

Demand for gold was also driven by the positive results of the European Central Bank’s (ECB) tender.

It was also speculated on message boards that the progress the company has made since restarting operations in Johannesburg after a decision by the minister of mineral resources to suspend its mining rights was suspended.

Central Rand has managed to produce 4,928 ounces of gold during the October quarter and said it was on track to average 1,000 ounces per month, which should provide it with cash to fund its operations.

http://www.proactiveinvestors.co.uk/companies/market_reports/37204/wednesdays-most-followed-lloyds-rbs-barclays-arden-partners-phoenix-group-genel-energy-petra-diamonds-0000.html

27th Dec '11

Fingers Crossed Chart of CRND Here is an updated chart by Fingers xxd on Central Rand Gold (LON:CRND) :

MadDutch

I noticed 9 thumbs down and no thumbs up at the top of this thread; obviously not a respected author or business here.

It usually means that the experienced Stockopedia investors have smelt a rat (in plain English) or a ramper at work (in internet discussion language).

So I checked, and yes; every post by the author which I skim read is optimistic hype. Classic pump and dump twaddle.

The disapproval is justified.

MadDutch

jj0205

I do hope your wrong,I've been following crnd for a while and I know that there seems to be a lot of negativity on this forum or at least a decent amount of thumbs down but surely a company that once traded at 40 p a share and bottomed out at 0.02 a share as they weren't really mining that have now sorted themselves out must have some sort of long term gain !

I invested when at 8p and lost £500 so bailed out but cont to follow them,now back in for £2.5k at 0.04 p a share and starting to show a healthy profit again.

So you saying you think not?

Hello jj,

It may be a good miner, I simply do not know.

But what I do know, is that ramping is tantamount to fraud, and has no place on this discussion forum.

We are sufficiently experienced investors here to be able to judge the quality of a business for ourselves.

Good luck with your investments, and if you would like to have help from us, just ask. I suggest you have a look at Soco International, it is very popular here and many of us believe the share price is overdue for good news. But always DYOR (Do Your Own Research); Oil Exploration is a risky business and unexpected problems can spoil a nice investment.

MadDutch.

28th Dec '11

Thanks for your comments,i really appreciate any feed backseeingas im fairly new to all this! Will have a look at soco,price seems fairly steady? Why the interest and why, are you expecting a change and if so why.

What are your views on leed petroleum,have been watching for a while and missed out on a huge rise today.gutted!

Cheers j

peterdm

29th Dec '11

Hello jj

This all depends on your investment philosophy. I hold both CRND and Soco, but they are very different shares and very different investments.

CRND offers potentially enormous returns but with a number of massive "ifs" - if Acid Mine Drainage (AMD) is sorted out, if the company can remain liquid, if the management know what they are doing, if the relations with the South African government can be re-built, and if the South African government know what they are doing.

With Soco there are far fewer "ifs", the potential upside probably not so great but the risks lower as well. They have proven assets in Vietnam, stuff going on elsewhere and you will find on this board various valuations of their assets and Net Asset Value of +$6 per share. Add to that a generally well respected management team and the widely tipped sale either of assets or the whole company, and there is potential for doubling your money.

This is now virtually the only board I read, the level of input from lots of people (including Mad) is very knowledgeable and there is very little silliness that takes over on other boards. BUT you have to decide what your attitude is to risk-return, and as MD says, DYOR.

P

20th Jan '12

CRND Chart forming a Golden Cross Today:

CRND Chart

This is where the 50 Day Moving Average Passes through the 200 Day Moving Average. This is usually a Bullish sign of a positive change in direction of the share price. IMHO

21st Jan '12

still not quite sure how the golden cross has a bearing on the outcome but am kean to learn if you could explain in lamens terms(for a new starter) that would be great !

26th Jan '12

jj0205...

With Gold currently at $1710.90 I think we may see the Golden Cross showing its colours tomorrow. IMHO

What is a Golden Cross I hear some ask, well these will clear that up:

http://www.istockanalyst.com/finance/story/5624192/anticipating-the-golden-cross

http://investorshub.advfn.com/boards/board.aspx?board_id=5794

You can see the 50 EMA is already rising. If we get good news and the SP goes and stays above the 200 EMA for a month then both 50 and 200 will be rising. The 50 EMA will cross the 200 EMA at some point. So long as the 50 EMA crosses the 200 EMA whilst the 200 EMA is rising then it would be a Golden Cross. Chart traders would be buying on the signal and push the SP further up. The Golden Cross is used as a predictor for a LONG TERM BULL RUN. I have seen several stocks hit 150% after a Golden Cross. Check out the GC thread on this site for examples.

It is nice to see CRND Blue today.

If we get a big move like in the price of Gold. We may see the Parabolic SAR turn positive, as it looks to be about to tern in the next couple of days.

MACD and RSI also starting to tern up again. IMHO

CRND Chart Indicators - 200 DMA, 50 DMA, Parabolic SAR, MACD, RSI and Volume.

27th Jan '12

BULLISH Indicators On Central Rand Gold (LON:CRND) Share Price:

It is nice to see the Parabolic SAR in CRND Chart at the top of this page - Has started a New Up Trend - This should help to lift the share price over the coming weeks.

The 50 Day Moving Average and the 200 Day Moving Average should also follow the share price Up; Giving a Rising Support Level, over the coming months. IMHO

CRND Buy Confirmed British Bulls:
http://www.britishbulls.com/StockPage.asp?CompanyTicker=CRND&MarketTicker=Basic%20Materials&TYP=S

BarChart Opinion:
http://www.barchart.com/snapopinion/stocks/CRND.LS

Stoxline CRND:
http://uk.stoxline.com/q_uk.php?s=CRND
Targets
Six months: 2.16p
One year: 2.52p

Price and moving averages
Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.

Bollinger Bands
CRND.L has closed below upper band by 31.5%. Bollinger Bands are 24.7% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

29th Jan '12

Central Rand Gold (LON:CRND) - High Grades of Ore Stated and Future Mining Potential on the CRND Estate Portfolio:

... During September and October an evaluation exercise was undertaken to duplicate face sampling results using an underground diamond drill. To this end a 20 m long stretch of previously sampled reef development was drilled from the footwall tunnels immediately below the sampled reef at a depth of approximately 110 m below surface. Previous face sampling of the 1581 reef development returned an average grade of 16 g/t Au over 55 cm over the length of the reef development.

A conventional Kempe high torque underground diamond drill rig was used to drill 16 AX sized diamond drill holes toward the 1581 reef drive, aiming to intersect the Main Reef approximately 1 m up-dip from the reef drive. Of the 16 holes drilled, four intersected Main Reef voids, one encountered poor ground conditions and the remaining 11 holes intersected thin, but high grade Main Reef:

The average drilled grade of 13.74 g/t over 48 cm very closely approximates the face sampled grade of 16 g/t over 55 cm for the same 20metre stretch. This suggests that both techniques can be used for grade control purposes, allowing for a degree of flexibility in areas where ground conditions preclude on reef development. CRG is now exploring avenues of mechanising the diamond drill rig to match the underground mining and development cycle.

Exploration and Expansion

The company’s growth strategy initiatives remain on track and include:

Independent Scoping studies into the feasibility of developing CMR East are currently underway and results are expected by the end of this calendar year
CRG has also commissioned initial planning and scheduling studies to investigate the economics of the City Deep and Village Main mining projects
Tender processes have commenced for surface diamond drilling at the new Crown Mines site. It is expected that this drilling programme will ultimately lead to an upgraded Resource Statement and allow for the development of Crown Mines as the next major CRG operation, which will enable the company to leverage its fixed cost base. Drilling is expected to begin late 2010/early 2011 and will run for most of 2011
Studies are also underway to investigate the economic potential of subsidiary mineral assets such as the auriferous Kimberley and White Reef packages.
These largely unexploited and underexplored reefs are developed over a continuous strike distance of more than 25 km and remain a very substantial part of the CRG portfolio...

http://www.im-mining.com/2010/12/01/central-rand-gold-making-progress-beginning-stoping-and-refining-its-techniques/

6th Feb '12

CRND is top riser of the FTSE Fledgling Index:

Top Risers
Price Change
CRND 1.10p +7.3%
ZTF 139.50p +4.5%
FTC 26.00p +4.0%
PRV 115.00p +3.1%
HMV 5.25p +2.9%
TEIF 32.00p +2.4%
STVG 93.00p +2.2%
OFF 135.00p +1.9%
MCHL 9.15p +1.6%
VLK 28.00p +1.4%

http://www.digitallook.com/dlmedia/security.cgi?csi=50113

Here is an updated chart from Fingers xxd ADVFN BB FXD, Post 804:

CRND - 8 Month Daily Chart

CRND 10 x Day, 5 minute Intraday Movement Chart

Looking good for long tern growth. IMHO

9th Feb '12

Central Rand Gold (LON:CRND) seems to be moving into a long term up trend supported by the rising 50 day moving average.

For many months last year, we had Richmond selling each day. It now would appear that we have a Buyer in the wings, Buying shares each day. I am not surprised, after the change in company sentient and the knowledge that Gold production is to be cranked up.

We can see this already, with the Mintails contract on board for the current 3 months, processing hard underground ore.

There is talks in the press of the West Rand Tailing Dumps being processes. To extract the remaining Gold. CRND owns lots of these Tailing Dumps on the West Rand and these dumps could easily form a whole new profit centre, without any capital expenditure, as the work will be done by outside contractors.

Feasibility Studies have already been done on the string of pearls concept, where other major mines on the CRND estates, will be opened up as new profit centres. It may be that Mintails, will take more hard rock ore (of higher grade ores from these Mines) than tailing (Their normal business). Thus making CRND Capex minimal to open these new projects. IMHO

Central Rand Gold CRND

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Flyingswan

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