Randgold Resources Share Discussion Threads

[christh] 04/9/2017 12:24

N Korea reported that might fire more missiles so we are probably heading for war.

Aggressive country now with Hydrogen bomb, nuclear bomb high risk for the world and
another Asian area ready for bloodshed.

Gold the only safe haven for investors.

Watch out Rangold share price will break through £85

[christh] 04/9/2017 10:41

Gold Prices Could Surge to $10,000 Because a War Is Coming, Top Expert Predicts

New York (Sept 3) North Korea enjoys testing bombs and riling up the international community. The antagonistic country claimed on its state run news station Sunday that it has tested a hydrogen bomb. It marks North Korea's sixth nuclear test ever.

North Korea is days removed from firing a missile over northeastern Japan.

The country's actions have put the spotlight on owning gold -- the yellow metal has popped about 5% since early August to $1,324 an ounce.

Best-selling author of Currency Wars Jim Rickards thinks the gold rally is just beginning.

"The bigger picture, the one I'm looking at, is that gold hit an interim low on Dec. 15 and it has been grinding higher ever since. It's one of the best performing assets of 2017,' Rickards said in an interview. He added that gold could eventually touch $10,000 an ounce.
'People seem to have very short attention spans. I'm just looking down the road and you can see the war is coming,' he said.

TheStreet

[christh] 04/9/2017 10:19

Gold has soared to an 11-month high, as investors rush to shelter their money amid rapidly increasing tension over North Korea.


RANGOLD

The group is fast expanding its footprint in major West and Central African gold fields. Randgold has demonstrated a proven ability to discover multi-million-ounce gold projects and then turn them into profitable mines.

Today,the portfolio consists of Loulo-Gounkoto Mine Complex (Maili – 80%), Morila Gold Mine (Mali-40%), Kibali Gold Mine (DRC – 40%), Tongon Gold Mine (Cote d’Ivoire – 89%) and the Massawa Feasibility Project (Sengal – 83%).

Attributable gold reserves and resources total around 14 and 26 million ounces respectively. The Loulo-Gounkokto Mining Complex represents the flagship asset comprising of the Loulo underground mines (Yalea and Gara) and the Gounkoto open pit mine; which has been established as a long life high production operation that is estimated to be able to produce more than 600,000 ounces of gold annually for the next ten years.

In 2016, the group increased gold production for the sixth successive year to 1.252 million ounces, which was 3% higher than in 2015. Group total cash cost per ounce was reduced by 6% to $639, which helped profits to rise by 38% to $294 million.
The target for 2017 is 1.25 – 1.30 million ounces of gold at a total cash cost of production of $580 – 630 per ounce.
The management is seeking to sustain profitability over the next decade at a gold price of $1,000 per ounces.
Randgold’s 10-year plan envisages, but does not depend upon, the development of three new mines over next five years.
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Considering the growth and prospects of Rangold, the share price is heading to £92+ long term so time to pile in now

[christh] 04/9/2017 10:06

War, unsurprisingly, is not the best way to generate economic growth
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The truth is that it’s very hard to make a lot of generalisations about the effect of war or the threat of war on markets. A lot of it depends on the country you’re looking at (and whether it won or lost the war in question).

John Authers of the Financial Times summed it up well when he said in a recent column: “Wars are dangerous gambits. If they are swift and not too damaging they can boost growth, and create investment opportunities once it is clear who will win. But there are better, safer ways to grow an economy or make money.”

It’s also very difficult to split out the broader economic backdrop from the war itself. For example, the start of the second Gulf War in March 2003 coincided with the end of the post-dotcom bear market. The former grabbed all the headlines, but the latter was far more significant in terms of where the market went next.

[christh] 04/9/2017 08:09

Gold prices
$1337.78 +4.15 (0.31%)
High: 1338.68
Low: 1333.4

Looks that is heading to $1350

So is £85 soon

[bullorbear123] 04/9/2017 07:15

Crazy times! Tehnically speaking looking at a move to $1380 gold now we are through the $1330 level. Technicals definitely supported by the fundamentals!

[chinese investor] 04/9/2017 07:03

Boom ! Boom !

[bonio10000] 04/9/2017 06:22

Cha Ching.Giles?

[philanderer] 03/9/2017 22:27

$1335

Trump earlier today telling them to move their @rse...


[SEOUL] South Korea launched a ballistic missile exercise late Sunday in response to Pyongyang's provocative detonation of what it claimed was a miniaturised hydrogen bomb, state news agency Yonhap reported.

The South's military conducted a live-fire exercise simulating an attack on the North's nuclear site, hitting "designated targets in the East Sea", the report added, quoting the Joint Chiefs of Staff.

"The training came in response to the North's sixth nuclear test... and involved the country's Hyunmoo ballistic missile and the F-15K fighter jets," it said.

The South's military said the range to the simulated targets were equivalent to the North's Punggye-ri nuclear test site in its northeastern province.

[chinese investor] 03/9/2017 20:01

I'm very confident about tomorrow !

[philanderer] 03/9/2017 19:51

Only one way this is going tomorrow.

[stevenrevell] 03/9/2017 16:54

That will cause fireworks Israel and Guam go Kim go

[lovegod2] 03/9/2017 16:21

Hope he tests another bomb soon. Can he reach Tel Aviv ?

[stevenrevell] 03/9/2017 16:17

Kim's making us money playing w bombs

[redbaron10] 03/9/2017 14:24

Labor Day in US tomorrow so their market closed.Might have to wait until Tuesday for N.Korea's action in doing an H bomb test to be fully priced into gold and RRS.What's Donald's response going to be to all this goading and provocation?

[foxy22] 03/9/2017 12:45

Yes ci i reckon 85....this north korean president is crackers

[stevenrevell] 03/9/2017 11:51

Maybe more ci

[chinese investor] 03/9/2017 07:24

RRS up £3 tomorrow !

[christh] 01/9/2017 14:53

Gold going higher now at $1322.69 +2.63 (0.20%)
High: 1328.01
Low: 1318

[bullorbear123] 01/9/2017 14:44

Gold pushing forward again towards $1330!

[bullorbear123] 01/9/2017 14:34

Agree again, looking at a £79.50 odd finish I feel! Gold well on its way back.

[christh] 01/9/2017 14:21

Gold is still strong, nothing has changed

$1318.41

It will close around £79.50.

It will carry on Monday to £80 and higher.

[christh] 01/9/2017 14:08

still strong though as gold is up

$1319.12 +0.93 (0.07%)
High: 1328.01
Low: 1318

[christh] 01/9/2017 12:41

maybe profit taking...but it's all down to the US markets now.