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
Central Rand Gold (LON:CRND)
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As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.
Central Rand Gold Limited’s (CRG) is a holding company. The Company is engaged in gold mining and exploration. The Company focuses on gold prospecting and mining in the Central Rand Goldfield of South Africa. Its principal operating subsidiary, Central Rand Gold South Africa (Proprietary) Limited (CRGSA), is 74% held by Central Rand Gold Netherlands Antilles NV, which itself is wholly owned by the Company. The Company has seven New Order prospecting rights, which constitute from west to east, Western Areas A, B and E, Consolidated Main Reef, Langlaagte, Crown Mines, Anglodeeps, Village Main, Robinson Deep, City Deep and Simmer & Jack (the Prospecting Rights). Its subsidiaries include Central Rand Gold (Netherlands Antilles) N.V., Central Rand Gold South Africa (Proprietary) Limited, Ferreira Estates and Investment Company Limited and CRG Benefit Trust. more »
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HorneBlowers Positive Chart on CRND #ADVFN $HB http://t.co/pf8mb1S
Central Rand Gold (LON:CRND)
Fingers xxd Chart on Merchant House MHG #ADVFN $£1 http://t.co/r81lDnI
Merchant House (LON:MHG)
Fingers xxd has updated the chart on Central Rand Gold (LON:CRND) as follows:
The Price of Gold me help Central Rand Gold (LON:CRND) tomorrow:
Let me know what you think about today's Rising Gold Price?
Good article on Central Rand Gold (LON:CRND)
http://www.infomine.com/publications/docs/InternationalMining/Chadwick2011a.pdf
Central Rand Gold (LON:CRND) appears to be making a bit of a come back today.
With News due from recent Government discussions maybe a leak of good news is moving the market in advance of the RNS.
Or it could be that Gold is back up above $1440, as the water - AMD - did not stop the mines production, so cash-flow and turnover maintained.
But, Do Your Own Research and share your knowledge with us all?
Central Rand Gold (LON:CRND) 1 Month Chart Breaking To The Upside:
Looks like today CRND may start to trade above the 20 day moving average. It will be nice when the share -price also moves above the 50 and 200 day moving average. Perhaps by next weekend if the expected news is good and positive. IMHO
The MACD is now becoming positive and giving a BUY signal.
The RSI is moving up nicely and giving a BUY signal.
If the price gets above the 200 day moving average the Parabolic SAR, will start a new Up-Trend.
DYOR
I was checking the date of last years Annual Report Release for Central Rand Gold (LON:CRND) and note it was on the 29th April 2010.
If it is released on the same date this year, there are not actually very many trading days left with all the coming Bank Holidays.
I think with Gold Now above $1500 per ounce, we should start to see some profits Generated. IMHO
Central Rand Gold (LON:CRND)
This post is quite detailed on III about Central Rand Gold (LON:CRND) and may be the reason for the rise today: IMHO
http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ACRND.L&it=le&action=detail&id=8251414&prevpost=8246357&nextpost=8253598
Sorry I cannot get the link to work so please go to the CRND BB on III on this link:
http://www.iii.co.uk/community
As I am not allowed to copy the article - it is the article with a lot of votes up.
Top Risers FTSE Fledgling (NSX)
Price Change
MSI 297.50p +10.2%
CRND 0.90p +5.9%
VER 41.00p +3.1%
FUTR 18.00p +2.9%
BISI 155.00p +2.6%
ATY 137.50p +1.9%
TRI 51.00p +1.0%
DWN 17.13p +0.7%
GHT 52.75p +0.5%
HPEQ 282.00p +0.4%
http://www.digitallook.com/dlmedia/security.cgi?csi=50113
Central Rand Gold (LON:CRND) is doing well on a day when most shares are Red. A Very good sign for future growth. IMHO
This interview may explain why Central Rand Gold (LON:CRND) share price has been pushed down by the hedge funds:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/6/19_KWN_Special__Jim_Sinclair_%26_Dan_Norcini.html
They talk about Gold Stocks and oil stocks after about 10 minutes in to the recording. The player is just below the photo. You may need to download an update if you have not used this site before.
I noticed the Parabolic SAR has today started a new up-trend to support the share price. Perhaps this is one reason for today's 16% Rise.
Central Rand Gold (LON:CRND) Daily Chart:
Also Looks like a few assets being sold off... to update with new equipmen? See Link:
http://www.go-dove.com/event-15663/Central-Rand-Gold
Central Rand Gold (LON:CRND) Chart is looking more bullish after yesterday news.
The parabolic SAR is now back in up-trend mode.
MACD and RSI both giving buy signals.
Great to see the share price trading above the moving average.
Following News on Pumps Test:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10931440
... When asked about the mining shares specifically Embry had this to say, “Well I think they are finally starting to reflect reality, I mean I was shocked when gold was having this breakaway move over the last while and the shares were getting pummeled. You now my view on this, I think there is a computer algorithm program that’s being used to discourage people from getting into gold shares by making them act counterintuitively.
Jim Sinclair made an excellent point at the GATA Conference when somebody asked him, ‘What is going to make the gold stocks move?’ He very simply said one thing, ‘Value.’ As the gold price works higher, clearly the value of these things, the net asset value and their capacity to being in cash flow and earnings is going to improve dramatically.
They (mining shares) are going to get so cheap that suddenly people will realize they are an even better alternative to the bullion and they are going to start piling in and the short positions are going to have to be covered. I’ve always said and I maintain that when this happens you are going to be amazed at the price actions in the gold stocks to the upside.”
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/8/11_Embry_-_Fed_%26_QE_to_Cause_Financial_Collapse_%26_Hyperinflation.html
This could be good for small Gold mining shares like Central Rand Gold (LON:CRND) and Gma Resources (LON:GMA) which have been moved down recently. IMHO
Central Rand Gold (LON:CRND) - Come rain or shine, there's gold in them there mines.
But can Central Rand Gold fight the elements for long enough to get the precious metal?
http://www.iii.co.uk/tv/episode/central-rand-gold-crnd
This video may be the reason for recent rises in Central Rand Gold (LON:CRND) share price. IMHO
Quarterly Report for the period ended
30 June 2011
Highlights
• Total gold production at Mogale Gold 1 increased by
33% to 223kg (7,192 oz) compared to the previous
quarter.
• Significant 58% increase in total gold production
during the second half of the financial year compared
to the first half.
• Gold-bearing ore from Central Rand Gold was
processed during the quarter as part of a three-month
pilot project, contributing to total gold production.
• A record pour with a bullion weight of 26.41kg
(841.90oz) was produced at Mogale Gold 1 (including
CRG ore) on 19 April.
http://www.mintails.co.za/images/stories/Quarterly_Activities_Report_Fourth_Quarter.pdf
Should be due an update on this joint venture soon, i.e. August 30th IMHO
Central Rand Gold (LON:CRND) Should also be publishing their own results around the same time too.
Central Rand Gold (LON:CRND) is Mining 9 - 10kg of Gold per week:
If you watch this video it says "Mining 9 - 10kg of Gold per Week" 3 minutes 50 seconds into the recording:
http://www.youtube.com/watch?v=mS0ijYJzE0o&feature=related
I do not think the AMD is the big issue for Central Rand Gold (LON:CRND) as they have enough surface or near surface resource for the next year’s production.
What would make the difference is the increase in the price of Gold. Current cost of production $1400 per Troy Oz. Market price today $1725 production profit = $325 per Troy Oz.
If Gold goes to $2,500 by Christmas, the profit per Troy Oz will increase to = $1,100 per Troy Oz.
Production is expected to continue for the next 12 months at 1,000 Oz per month x $1,100 per Troy Oz giving a monthly income of $1.1m.
Or $13.2m for the 12 month period.
I think profits can be increased further:
By the restarting of the Tailing process, which was announced in the IMS:
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11038034
Also, String of Pearls Concept – having 3 mines employing 400 people, instead of the current one, stretching across the licenced area.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/17_Paul_Brodsky_-_Gold_Trading_at_80_Discount_to_Intrinsic_Value.html
IMHO
And if Gold doesn't get to $2500/oz by Christmas (or ever) or heads to $1500 or even stays at $1725??