Central Rand Share Discussion Threads

[syed48] 08/2/2019 00:19

I emailed investors relation and info not bounced back today it’s gone now waiting fir their reply

[syed48] 06/2/2019 21:11

Could be other way around

Let’s see we are not getting any info back yet

[bradley12] 06/2/2019 09:04

Think something big has already happened. "Big Loss"

[syed48] 05/2/2019 21:25

Something big is going to happen

[syed48] 04/2/2019 22:33

Guys what is happening

I have tried contacting them but no reply

What to do now

[winston270] 31/1/2019 01:44

I've just tried to send an email to CRND Investor Relations & it's been returned undeliverable, they probably owe the domain hosting company or such like.....

Can't find any other news.

[syed48] 28/1/2019 22:39

What does it mean to us???

[ken2000] 27/1/2019 06:45

No guys i think its just the web site is down. The only news that i can find is two days old about illegal miners.

hxxps://westside-eldos.co.za/50250/police-promise-clampdown-illegal-miners-riverlea/


Officials from the Department of Mineral Resources (DMR) and a few members from the Riverlea Mining Forum met on January 22 at the Langlaagte Police Station. According to the deputy chairperson of the mining forum, the plan was to have a walkabout at the heritage site, George Harrison Park and the informal settlement of Zamimpilo to show officials what is happening in the area with illegal miners.

“We had a meeting in December with Central Rand Gold (CRG) who is the company which mined here in the area. They were the last company to mine here and now they want to rehabilitate the area in and near George Harrison Park and in Horseshoe,” said the deputy.

[johncasey] 26/1/2019 07:27

gone bust then..its all over

[syed48] 25/1/2019 21:01

Even the email I sent to company on info and investor relations both bounce back with not reachable

[syed48] 23/1/2019 20:03

Company website is now not reachable

Any one has any info about why their website is not accessible?????

[syed48] 19/1/2019 01:52

Sorry to inform you about crnd

They have decided to shut down

Good bye to all

They have to face legal action

[ken2000] 13/1/2019 22:29

observations, what we are still employing 130 well that's news to me.

[ken2000] 13/1/2019 22:08

Guys some news for you

hxxps://city-press.news24.com/Business/controversial-mining-company-uses-employee-pensions-to-stay-open-20190113 sorry this link is not copying across.

Controversial mining company ‘uses employee pensions’ to stay open
Lesetja Malope 2019-01-13 15:02
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Controversial mining company Central Rand Gold (CRG), which is based in Roodepoort on Johannesburg’s West Rand, is at loggerheads with its employees for allegedly failing to pay over pension deductions.

According to two highly placed sources, including a senior employee at the company, CRG has not paid over pension funds deducted from employees for almost five months.

“The last time they paid over pensions was in July, and now people who are going on pension are being told that their pensions are not up to date. They are using our pensions to run the mine,” they told City Press. .

The gold mining company employs almost 130 people.

For the past few months, staff have been getting their salaries in two batches each month, apparently because the company is going through a rough patch financially.

Zolile Smous, secretary-general of the Building Allied Mining and Construction Workers’ Union, said the union found out about the issue in the middle of last year, but, after approaching the company, was told that pension and provident fund deductions had been paid.

“In about December, we approached CRG again. They admitted that they were in arrears and had not been paying the pension and provident fund contributions,”; said Smous.

He confirmed that employees were not being paid their full salaries because of production issues, according to CRG.
“Salaries were not paid in full. Workers were paid about 50%, depending on production.”

Smous said the union had to drag the company to the Commission for Conciliation, Mediation and Arbitration (CCMA) to get it to commit to pay last month’s bonuses, but the parties eventually agreed on the bonuses being paid over two months – last month and this month.

“Even after agreeing at the CCMA, they did not honour the agreement in December,” Smous added.

He said the company had called a meeting on Friday to update staff, but the union had not been formally informed, nor had it been invited.

According to some staff who attended the mass meeting, CRG promised to pay over the pensions and the remainder of the bonuses, and to sort out electricity supply, which was blamed for a recent shutdown in operations.

The company is not new to controversy. It has previously had its mining licence cancelled by the department of mineral resources, has had ex-convicts-turned-businessmen Gayton McKenzie and Kenny Kunene as minority shareholders and, two years ago, was reportedly bailed out with two loans by one of its shareholders, Jia Bang Wang.

CRG listed on the JSE in November 2007 with ridiculous promises of 1 million ounces of gold production by 2012 at an equally ridiculous cost price of $320 (R4 440) an ounce, a target it didn’t come close to. Its annual production of bullion has not surpassed 10 000oz.

The company’s share price was also previously one of the worst performers on the JSE.

It is unclear who the current shareholders and directors are.

A list of questions sent to CRG and various follow-up calls were not responded to.

[arvo3] 06/1/2019 21:40

Apparently another chat site exists for CRND on hxxp://crnd.freeforums.net/thread/2/works

[arvo3] 12/12/2018 22:20

Is this poster that you are talking about some sort of a school boy? lol !

[temmujin] 06/12/2018 00:40

so no AGM yet?

[fenseal3] 03/12/2018 10:58

I think its in bad taste, a poster telling others about how things will change, I have shares in CRND, and have been trying to make contact and get info, and believe me I'm like a dog with a bone, and had nothing, so syed48, how do you know December will be the month of success for CRND and shareholders, bet I get no reply.

[bacondude] 01/12/2018 06:36

I will happily buy you a bottle of your fav tipple if we get anything out of this dog. Talk about having all the resources at you fingertips & running the place the place with tools who have no vested interest in the outcome. Sorry Syed48, you are hoping for a miracle & even though it’s Xmas, I don’t believe in them.

[ken2000] 30/11/2018 05:00

Syed48 were on the web site? I hope you are right as all holders would like to see some return here,including ME!!!!