Randgold Resources Share Discussion Threads

[henryxx] 06/9/2018 19:42

philanderer - I'm sorry to say I agree. The scale of what could happen over the next 3/4 weeks(ref my recent post) is quite frightening. We could easily see 20%+ coming off the current share price. If things get really nasty I can see share price 34/35 pds. In fact it is quite difficult holding one's nerve at the moment because the current share price represents in my view quite a good entry point. Will sit on the sidelines for at least at least a couple of weeks before making a move. Fresnillo(silver miner)is another one to watch - target share price 5/6 pds. Be careful. All the best.

[philanderer] 06/9/2018 17:15

Sure looks like that 4000p will have to be tested.

That Tongon news was out in the market yesterday morning. Already discounted.

[redtom1] 06/9/2018 15:15

Gone sub 4900p. Whoops.

[redtom1] 06/9/2018 10:33

Strong Gold price (up to $1205) but no support for Randgold share price Strange.

[christh] 06/9/2018 07:37

Blackrock increase its holding signifigantly in Randgold in August

[christh] 06/9/2018 07:27

Kibali’s record results lead groupwide improvement



Kibali is heading for another record production and with the Tongoon back in action,
gold production will be high.

[christh] 06/9/2018 07:18

TONGON BACK IN BUSINESS AFTER LOCK-OUT LIFTED

Tongon, Côte d'Ivoire, 5 September 2018 - Operations at Randgold Resources' Tongon gold mine returned to normal today after management lifted the lock-out imposed on workers after a protracted illegal strike.

Negotiations between management, workers, community leaders and the government created an agreement under which workers are being re-employed in phases aligned to the start-up of the mine's various sections. The agreement also stipulates that the previous discussions, aimed at finally ending the occasional industrial unrest at the mine, should be resumed where they were interrupted by the strike in July.

During the lock-out period, management, senior employees and a skeleton crew prepared Tongon for resumed production by servicing the processing facilities, including relining the mills, as well as maintaining the tailings storage facility and access to the two open cast operations.

The mine is now fully operational and the phased return of the full employee complement is expected to be complete by the weekend, but the work stoppage has necessitated a revision of its previous production guidance for the year which is now estimated at 230 000 ounces of gold.

Randgold chief executive Mark Bristow said that the company remained a committed partner to Côte d'Ivoire, and thanked everyone involved in the various engagements to get the mine back to full operation. He said that despite the setbacks at Tongon, the overall group production outlook remained within the guidance given at the start of the year albeit towards the lower end of the range. This is supported by Loulo-Gounkoto remaining on target and the continued outperformance at Kibali.

[philanderer] 05/9/2018 20:26

4920p US close

[chinese investor] 05/9/2018 14:23

Thank you Dave I found it !

Professor Pettigrew (RRS) 11 Apr 2018 - 23:55:50 (around midnight)
Do investors realise just how undervalued RRS actually are?
Remember RRS has the bigger firepower due to it's sheer size and it's simple effect on employment there.
Massively undervalued, and I concur with the Numis price target of at least £80.

[redtom1] 05/9/2018 13:58

I tend to buy big chunks via my SIPP pension scheme. I'm sitting on a loss of about £15k at present which is a shame. I should have been more patience.
Not a balanced portfolio approach so win big & lose big. If it drops to £45 I will start to get worried but I can live with the current malaise. RRS tend to move quite sharply (in either direction) and I do expect some improvement reasonably soon. But we shall see! I often get it wrong so I could be licking my wounds in 6 months time!

[chinese investor] 05/9/2018 13:56

What was your 12 month target ?

Professor Pettigrew (RRS) 19 Aug 2017 - 00:52:59 (around midnight)
RRS to plunge from £75.50 now.
Gold is in a short-term bear market.
Three month target here £66.75.

[smokybenchod] 05/9/2018 13:48

In at 5070 and your sitting on a big loss on a mere 4-5% move down? How many thousands of shares did you buy!?!?

[redtom1] 05/9/2018 13:45

EI, trying to find the next big riser.
Got lucky with Shire after some substantial potential losses. I was a relief to see it hit mid £40s after briefly going sub £30.
As for RRS, I can see Gold rising after a bad few months. Also the market are jittery and the political climate is a bit dodgy too so I can see some 'safe haven' instincts coming into play soon.
I have a substantial holding in this one but my average price is around 5070p so I'm sitting on a big loss (again!!). But I see a recovery to mid £50s within 6 months. If so, I will buy more Shire just before the close to squeeze a few more per cent out of that baby.
Good luck with your investments and keep giving out the good advice.

[essentialinvestor] 05/9/2018 13:37

Tom, you haven't gone and done a Shire here, have you.
Mentioned to you that would likely come good, well done.

[redtom1] 05/9/2018 13:36

Gone sub 4900p again. Very disappointing

[philanderer] 05/9/2018 11:41

Good news from Tongon 👍

[redtom1] 05/9/2018 07:02

Briefly sub 4900. Not looking good.

[philanderer] 04/9/2018 20:01

Closing around 10p higher than the London close.

[chinese investor] 04/9/2018 15:17

It was Professor Pettigrew who recommended this to me.
If I ever meet him it'll be "A Pint And Thick Ear" event !

[redtom1] 04/9/2018 14:13

sub 4950 as Gold goes sub $1190

[philanderer] 03/9/2018 16:20

Oh dear , back below 5000p again.

[philanderer] 31/8/2018 20:05

US close same as London @ 5035p

[philanderer] 31/8/2018 08:27

Yes that's the key to gold , having a weaker USD..........$1207 and change at the moment.