Randgold Resources Share Discussion Threads

[wisteria2] 09/1/2017 13:44

Gold appreciating and is reflected in RRS share price >>>>> GLA

[blueball] 09/1/2017 13:28

Rocketing now.

thanks to gold price.

[philanderer] 09/1/2017 13:05

On the watchlist bonio . Good company :-)

[bonio10000] 09/1/2017 12:49

The best combination.

Put some Diageo in there and good to go.

[philanderer] 09/1/2017 11:15

Resistance @ RRS 6600p / Gold $1180 needs to be cracked

[philanderer] 09/1/2017 09:09

Barclays retains 'overweight' cuts target from 8300p to 7300p

[bonio10000] 09/1/2017 08:24

I see the Germans are worried about inflation.

[chinese investor] 09/1/2017 07:56

W*nkers !
So the Japanese Stock Market will open 35 points up !

Thanks Prof !

[philanderer] 08/1/2017 23:16

Wow !! Anyone else catch Sherlock tonight ? :-D

[philanderer] 08/1/2017 20:56

Numis: 12 New Year share tips


Randgold Resources should pay off


A new 10-year plan from Randgold Resources (RRS) means the next decade won’t look like the last for the gold miner, according to analyst Jonathan Guy.

Guy increased his target price from £85 to £90 with the shares currently trading at £65.65.

‘Randgold set out a 10-year plan that should see production maintained at between 1.35 million ounces and 1.55 million ounces with the development of Massawa (Senegal) and the superpit at Gounkoto (Mali), offsetting the depletion of Tongon (Ivory Coast) and Morila (Mali),’ he said.

‘The greenfield exploration focus appears to have been narrowed to target the areas surrounding Massawa, the north-east Democratic Republic of Congo and the Ivory Coast. We retain a “buy” recommendation but tweak our target price to £90 on unchanged multiples of 2x net asset value and 15x cash-flow.’

He added that management’s plan was to maintain the current level of production while ‘increasing the level of distribution through higher dividends supported by solid free cash-flow generation as capex tails off’.

[philanderer] 08/1/2017 10:52

Sabor peruvian restaurant at the Elephant & Castle, worth it`s weight in gold :-D

[stevenrevell] 07/1/2017 11:04

What's u take on next giles

[stevenrevell] 07/1/2017 11:03

Thanks for the opening pp appreciated

[bookbroker] 07/1/2017 09:20

You are correct Gravedigger, wages rose which will keep the FED on watch, however it's debatable how much stronger the USD can come without starting to impact exports and increasing the trade deficit, whatever that means, it's strange that Federal Debt issues and the national Debt are forgotten completely when the going is good, because Trump will increase it far further should he push his agenda through!

[gilesgraves] 07/1/2017 08:59

On the job creation numbers, as I understand it, the overall number of jobs created was slightly lower than expected (they rose by 156000 as opposed to the expected 175k), AND the unemployment rate was 4.7% as expected. However, all this was overshadowed by the sharp increase in wages. "Average hourly wages jumped 10 cents" i.e. 2.9% annualised gain. So I think this meant that the dollar is continuing to be seen as strengthening which is making it tough for gold. I sold out of RRS and spent friday mostly in PMO. I have no agenda and i cannot gain by the price of RRS going down as I am a retail investor and do not / cannot short. I love trading RRS but am on the sidelines for now. Please do correct me if any of the above is wrong as I appreciate I am learning...always!

[professor pettigrew] 06/1/2017 22:32

I would have thought that the lower than expected job creation figures in the US would have led to a higher gold price on the back of less than expected Fed hikes.

For some reason, gold fell $8.

I find that a tad suspicious. We may well open up here Monday, £65.50 or so, but there's something a bit strange going on short-term.

£63.75 my new very short-term target.