Randgold Resources Share Discussion Threads

[michaelsadvfn] 08/2/2018 10:01

professor(lol) pettigrew,

if i’m not mistaken, which is never, you were calling RRS to £100 and $1500 gold by...

last summer.

Learn to keep your big gob shut chum.

[jankul] 08/2/2018 09:51

He must have known that. Who knows what his game is?

[foxy22] 08/2/2018 09:49

This is more than shocking wholesale price slsughter...i am a long term holder maybe it is safer to bail...the congolese story and sunday times article have got shorters excited....I notice ceo is v.upset

[84stewart] 08/2/2018 09:21

HSBC PUT A BUY RECOMMENDATION OF £77

[84stewart] 08/2/2018 09:14

I agree and I did think shorters would put in an appearance but it could be dodgy ,some sells are being shown as sells, this situation cannot lasts have topped up in trances.

[stewart64] 08/2/2018 09:04

Big mistake being transparent in the CEOs message referring to serious consequences. The one thing you don't do is highlight the negatives. The Congolese issue was known, mentioned on this thread even. The shorters and press will pounce on anything that appears negative. He didn't need to triple underline it with a red marker pen.

[84stewart] 08/2/2018 08:23

I would have thought company would have given guidance to what the out come of talks with DRC as the African shindig should be over now

[action] 08/2/2018 08:11

No place to hide anywhere. Sub 56 may be on card.

[philanderer] 07/2/2018 14:06

Alphaville:

There are a few knife catchers appearing .....

BE
... such as Merrill.

BE
To us RRS is now oversold. Mechanically code change could have limited impact on our NPV. Operationally mines running well and generating strong FCF. Post updates for FY17 and FY18 guidance see scope for a 4% divi yield next year. Still top EMEA precious pick. Reiterate Buy.


And Barclays.

BE
The Democratic Republic of Congo (DRC) government has in recent days promulgated a draconian new mining code. The new code was passed by both houses of Parliament last week but still has to be signed by the president before it becomes law.

According to press reports (e.g. Bloomberg 31 Jan), the proposed changes include raising royalties on base metals and gold from 2.5% to 5%, on cobalt from 2% to 5-10% (depending on whether it’s classified as a strategic mineral), raising the obligatory state ownership of mining assets to 10% and imposing a 50% super profits tax on all “profits” (undefined) where a commodity price is more than 25% above the assumed long-run price in the bankable feasibility study for each mine.

In addition the new code requires previous 10-year standstill agreements (protecting mines from changes in fiscal regime for 10 years) to be cancelled, for the mines to comply with new arrangements immediately and be replaced with 5-year standstill agreements.

The new mining code has not yet been published by the DRC government, so there is still significant uncertainty around the specific detail of the mining code but is likely the key driver for Glencore (-8% vs peer at -2 to -4.5%) and Randgold’s (-10% vs peers -3 to -5%) share price underperformance over the past week – so largely already priced in by the market, in our view.

[gunsofmarscapone] 07/2/2018 12:03

Morning

Not rrs related but, can anyone explain why share trades are sometimes double counted on the volume counter? Have made several recently and observed this for the first time. I don’t hold Randgold directly but via a couple of funds in my pension.

Thanks,

[boraki] 07/2/2018 10:54

Thanks Christ, I hope so, however, you are talking to a modern day Job, so it's difficult for me to see the light recently.

41 years of no light to be accurate.

Good luck to you and all holders.

P.S. will not be posting for a while

I am laying low now for a while.

Over and out.

[christh] 07/2/2018 10:20

bookbroker
hopefully Trump will be impeached and the US$ will crush big time, and gold will hit
$1800.

Trump will be finally cornered and stuffed by the FBI and maybe the CIA.
A crook is always a crook but you do not want FBI and CIA as your enemies!

Nixon tried it and was given an offer he could not refuse!

So hopefully Randgold will run back up to £72.

stay lucky!

[christh] 07/2/2018 10:15

Boraki
BE PATIENT.
You will get the dividend and afterwards this will get to £74 and you will get a profit too.

For your comfort, I have bought and hold shares at £85, but I am not worry as this eventually will hit £90.
Meanwhile the divi is doubled so you will be 148.82p per share better on, on 15 May.

[bookbroker] 07/2/2018 10:07

These markets are being rigged again, I think it is an American plot to maintain the dollar hegemony as the bell-weather of the global monetary system, and to demean the the reserves of China and Russia, a grossly manipulated market by the paper markets!

[christh] 07/2/2018 09:25

This will recover quick.
Once FED says that will not raised interest rates or insignificant rise, Randgold will fly to £74 in no time.
It is now time to be loaded with this share.

The dividend is very good too.

Gold will bounce up as demand grows, more reliable than US$ and less tricky than bitcoin.

[84stewart] 07/2/2018 09:12

I looked through the results /report while I cannot at this time see a share price above £70 I can't see the justification of below £67 good divi although does not give room for cash return as well they would only have about $12m to play with as $500m has to be kept back for ongoing projects/expenses .The DRC project will be bad if not settled in RRS favour but not end of the world may knock $2bln off companies worth but up and coming projects could fill the hole .plus I don't think the MMs know if they are coming or going with this one.

[professor pettigrew] 07/2/2018 08:20

Well, I did warn before xmas that RRS was heading back towards the £60 level. Not far to go either.

Gold and RRS are in a short-term downtrend despite what some might say.

[philanderer] 06/2/2018 20:34

World Gold Council


'Gold Demand Trends Full Year 2017'

[philanderer] 06/2/2018 18:25

Credit Suisse sees scope for higher than average dividend yields at Randgold

[stewart64] 06/2/2018 12:16

Difficult to read too much into the falls today given the general market meltdown. I did cash out for a small profit early morning because this Third World Republic thing( Congo + knock on to similar countries) might weigh on the shares. It's fairing far better today than the general market anyway.

[stevedaytrader] 06/2/2018 10:34

I love these target prices from numis- my hgm went up and down like most eg from 132 to 181 now 148 over last 6 months- what have numis been saying ? Always been 230 tp lol- pay me a big salary and I’ll give a tp