Randgold Resources Share Discussion Threads

[dongle features] 12/4/2018 19:40

I accumulate on weakness (sometimes a massive dozen shares).

I'm expecting a price of 52 any day now which will be a great opportunity to "top up".

I've been doing this since the price was 75.

Vote UKIP.

[professor pettigrew] 12/4/2018 17:01

snew - when funds allow I just buy between 8-15 shares. I've averaged down in the past few months, bought some the other day around £56.54, none today though.

A very solid undervalued gold miner. Once the Mining Code discussions are sorted out, RRS should then regain it's true value.

Even with a drop in bullion today, it's still holding above $1340.

[dongle features] 12/4/2018 13:30

A superb opportunity to accumulate is happening right now.

There've be so many since the price was 76.

[astute person] 12/4/2018 13:27

Great graphs.

[dongle features] 12/4/2018 12:40

My well researched strategy is to buy on the dips.
There's been so many opportunities to do that recently.

I sense they'll be many more.

[philanderer] 12/4/2018 12:10

Trump backtracking today..


Following on from his very provocative tweet a day earlier, in which he told Russia to "get ready" for missiles coming at Syria, Trump tweeted on Thursday: "Never said when an attack on Syria would take place. Could be very soon or not so soon at all!

[snew] 12/4/2018 10:53

Thanks proff, what prices are you accumulating at?
I am considering buying more now.

[professor pettigrew] 12/4/2018 10:31

I only used extraction cost of $1000 per oz as a flat level guide to indicate the gearing effect of a moving gold price.

The actual last stated total extraction costs for RRS per oz are $620, so even if gold sank to $1120, which it won't, they are making a nice round $500 per oz profit.

With gold currently around $1350, albeit down $10 today, the undervaluation of RRS is enormous.

I am continuing to buy on any dips.

[chinese investor] 12/4/2018 08:42

I'm looking to buy back in !

[84stewart] 12/4/2018 08:39

I don't know if RRS produce results in a Q1 Q2 Q3 Q4 FORMAT but it would help the price
if more guidance were given plus investors should be kept up to date,The DRC, Tongon situation I would have thought should have been sorted out by now ,Agree $1350 SHOULD give a price around £75 p/share.

[professor pettigrew] 11/4/2018 23:58

Extraction cost = $1,000 per oz.
Gold price = $1,100 per oz.
Profit = $100 per oz.

Extraction cost = $1,000 per oz.
Gold price = $1,200 per oz.
Profit = $200 per oz (100% increase)

Extraction cost = $1,000 per oz.
Gold price = $1,300 per oz.
Profit = $300 per oz (a further 50% increase on the 100%)

...........and so on.

Geddit?

Current RRS extraction cost including plant, staff etc, UNDER $1,000 per oz.
Current gold price OVER $1350 per oz.

Do the figures and work it out.

MASSIVELY UNDERVALUED.

[professor pettigrew] 11/4/2018 23:36

Also, don't forget their "Progressive dividend policy".

Already over £1 per share.

[professor pettigrew] 11/4/2018 23:25

Do investors realise just how undervalued RRS actually are?

Every day the gold price is over $1300, take off their extraction price, and the gearing effect is quite amazing.

Up another $10 today to over $1350. The mining code nonsense in the DRC is hanging over the company.

This will be resolved, as it is imperative for both sides, but remember RRS has the bigger firepower due to it's sheer size and it's simple effect on employment there.

Every day the gold price holds over $1300 is pure cash flow for RRS.

My forecast is $1600-1700 by year end, but it's the daily fiscal inflow that counts.

Massively undervalued, and I concur with the Numis price target of at least £80.

[84stewart] 11/4/2018 15:59

this is starting to take off but a profit is cash wait for pull back, I have bought and sold 3 times good luck

[philanderer] 11/4/2018 15:03

Taken 290pts from my tuesday 5560p trade.

Well pleased. Luck to all.

[chinese investor] 11/4/2018 13:38

Sold My TSCO This Morning !

[bonio10000] 11/4/2018 13:36

hxxps://tradingeconomics.com/united-states/calendar

Inflation overshooting.

Gold to the moon.

[chinese investor] 11/4/2018 13:35

I'm Now Fully Invested !

GO GO TRUMP !

[philanderer] 11/4/2018 12:50

Trump ramping it up in the last 30 minutes.

[poseidon adventure] 11/4/2018 10:07

Good point stewart.

[84stewart] 11/4/2018 10:04

If gold break thru the $1345 barrier I think we could see a rapid rise to $1400,it is $1343 at the moment

[michaelsadfvn] 11/4/2018 07:46

I've been quietly accumulating.

[chinese investor] 11/4/2018 07:44

Should be a good day !