Well we hate to tell you. But we did warn holders (many times) of the problems here. It’s all over at Central Rand Gold. Pack up your shovels.
Todays announcement is just another kick in the teeth in a long line of kicks that taken together has resulted in major trauma. What a kicking investors have taken here over the last few years.
Central Rand Gold, received notice from the Ministry of Mineral Resources cancelling its Mining Right. As such operations have ceased with immediate effect. The Mining Right has been cancelled as a result of the contravention of Section 47(1)(b) and Section 47(1)(d) of the Act regarding the Mining Work Programme and Social Labour Plan.
No doubt looking at the charts that traders are working the ups and downs, stay well away from this dog of a company that has traded on nothing more than Company Hyperbole.