Randgold Resources Share Discussion Threads

[philanderer] 10/8/2018 20:56

Minerals, John Meyer and Chris Bailey

12:20, 10th August 2018

Video interview re Randgold , starts @ 33.50

[philanderer] 10/8/2018 20:25

Bit of a bounce stateside for RRS closing @ 5480p

[philanderer] 10/8/2018 16:29

Agreed 😊

FTSE100 and FTSE 250 now both negative for the year as well.


edit:


Erdogan does little to calm market nerves over currency losses

Neil Wilson, chief market analyst at Markets.com, said: 'Calling on citizens to exchange dollars, euros and gold for lira is a sign of a full-blown crisis.

'The situation remains on edge and we do not know whether there is any chance of a stabilising influence – the Turkish central bank now appears completely toothless in this fight.

'Contagion is evident in global markets with Turkey the catalyst for a sell-off in stocks.'

[juju44] 10/8/2018 14:42

Those plonkers know nothing

[philanderer] 10/8/2018 13:39

'No Rally For Gold Until Mid-2019, Says Capital Economics'


(Kitco News) - This summer’s deflated gold prices will not receive any significant boost until the second half of next year, said Capital Economics while revising its 2018 year-end forecast from $1,300 to $1,200 an ounce.

Gold’s 2018 downfall is largely the U.S. dollar story, which is set to run its course for the rest of the year, Capital Economics commodities economist Simona Gambarini wrote in the Precious Metals Update on Thursday.

“A preference for the U.S. dollar as a safe haven has weighed on gold prices over the past few months. Given our view that the dollar will remain strong into 2019 and that growth in jewellery demand will continue to fall, we have revised down our end-2018 forecast for the price of gold to $1,200 per ounce,” said Gambarini

[philanderer] 10/8/2018 11:40

So I've bought another 23 shares . Off to get my head tested 🤡

[philanderer] 10/8/2018 11:37

Jeeez , the chart points to 4000p :-O

[christh] 10/8/2018 11:33

going back up to £55, mark my words.
It came down from £55.70, so a bounce back up

Quality stock, people love it.


Good results came out this week.

I will sell at £70.

[stewart64] 10/8/2018 11:02

Miners getting slaughtered across the board with Evzaz, Fresnillo and Rand leading the retreat in the 100.

[chinese investor] 10/8/2018 10:48

Same advice for sub £50 ?

Professor Pettigrew (RRS) 26 Apr 2018 - 19:38:52
It's just a case of putting every £££;£ you can into these at sub £60.

[juju44] 10/8/2018 10:28

You must have a different screen

[christh] 10/8/2018 10:16

going back up boys to £55, recovery started

[christh] 10/8/2018 10:09

a bargain wow.

its going back to £55 this afternoon, sentiment will change.

Oversold, lucky those who Buy now.

I would love to sell at £60 in a few months.

[prettygreen] 10/8/2018 09:53

FFS. Death by a thousand cuts ?

[juju44] 10/8/2018 09:48

I considered buying in after the results drop but whole PM stuff is not a place to be right now so I will linger . Pretty awful here for holders

[philanderer] 10/8/2018 09:40

updated:

10th aug Numis hold tp 6000p
10th aug Barclays overweight tp 6100p
9th aug BMO Capital outperform tp 7000p

[philanderer] 10/8/2018 09:13

Numis downgrades from 'add' to 'hold'... tp 6000p cut from 8000p


Barclays retains 'overweight'... tp 6150p cut from 6300p

[philanderer] 10/8/2018 08:28

Bloomberg video interview with Mark Bristow on results

[stevenrevell] 10/8/2018 08:19

Hopefully buy fres

[philanderer] 10/8/2018 08:01

And down the sh1thole again this morning.

Another 30 month low. Hopeless.

[stewart64] 10/8/2018 07:03

I see the group is looking to aquisitions ( and putting that 600m pot to use). Gold exploration is a bit of a lottery and Rand has probably grown out of lucky finds in its infancy so aquisitions makes sense. With Tongon having just three years left it probably is the best strategy.

Always a concern that they can keep volume going.

[philanderer] 09/8/2018 23:39

Hargreaves Lansdown

Recent weakness in the shares mean the prospective yield currently stands at nearly 4.1%.

Importantly though, the group's debt-free balance sheet includes $600m of cash and the dividend is well covered by free cash flow. At the moment, we think Randgold's well placed to weather the downs as well as the ups.

[philanderer] 09/8/2018 23:36

“Whilst some in the market may be relieved by today’s reiterated . . . guidance we would note first half production is only at 45 per cent of midpoint of guidance,” said Tyler Broda, analyst at RBC Capital Markets.

“Given this we think the low end on production, high end on costs could be the best outcome. Pressure is clearly building once again for Randgold to deliver a big second half.”

[philanderer] 09/8/2018 17:04

Nice rise into the London close. Holding the gains stateside at the moment 😊