Thomas Tallis
23 Jan 2018
Re: Been watching over a year As for "they get involved in social welfare for their staff and surrounding communities." - look at how much Acacia mining did for the communities where its mines are sited. The company gave away a fortune on clinics, schools and a few years ago in a drought the company bought 400 tons of food to give out to local people - but the company has been viciously attacked by the government and the fall in the share price has hit shareholders very hard.When governments get greedy they don't care how nice you've been to the people, they just want to raid the piggy bank.
Thomas Tallis
23 Jan 2018
Re: Kibali news link-Rhigos follow up That should be "taking it if they decide to".
Thomas Tallis
23 Jan 2018
Re: Kibali news link-Rhigos follow up Now that they've spent $2.5 billion, will the government get greedy and steal the mine? Look at what happened to Acacia Mining. African governments are greedy, all governments are greedy.Look at what happened to Ashanti."The Mayfair Set episode 2 - Entrepreneur Spelt S.P.I.V.mp4"[link] 30m 45s - Tiny Rowland.At 34 mins - cancel the lease on the mine so they could steal it - i.e. government theft and it looks to me to be just like what is happening today to Acacia Mining, ACA. Will it happen to RRS? I hope not but I don't think calling itself "a partner of the government and the people" will stop them taking it they decide to.
tornadotony
22 Jan 2018
Kibali news link-Rhigos follow up [link]
Rhigos
22 Jan 2018
From CSS Investments:Randgold Resources said the Kibali gold mine is expected to be in full production in the year, following the commissioning of its underground operation's automated ore handling and hoisting system. Randgold said that what remains to be done is to ramp up underground production and complete the construction of Kibali's third hydropower station Azambi, which is scheduled to be plugged in the middle of the year.
tornadotony
16 Jan 2018
Re: Back in below 7300 Fortunately sold off at 7388 yesterday but bought a third back just over 7283 at my original entry. Looks as if all the big miners took a whack this morning. Will probably keep the small pot remaining.
tornadotony
12 Jan 2018
Back in below 7300 Managed to get on this pony first this morning.
II Editor
11 Dec 2017
NEW ARTICLE: Chart of the week: A classic contrarian candidate "Is Randgold back on my 'buy' list?Gold mining shares have been a huge disappointment for the bulls lately as the metal price has languished. Many are saying the very recent explosive interest in bitcoin and the other cryptocurrencies has diverted ..."[link]
Rhigos
02 Nov 2017
3rd quarter results IMO sell-off today overdone. Production dip a temporary situation and I am confident SP will recover but perhaps not until 4th quarter. Today's fall might be a good buying opportunity but as always DYOR.
II Editor
16 Oct 2017
NEW ARTICLE: Chart of the week: A second bite of the cherry "Randgold back in rally phaseThis share has been one of my star trading vehicles and I last covered it on 10 July when the gold price was falling into major support, as were LSE:RRS:Randgold shares. In that article, I outlined how to use my Break ..."[link]
Eadwig
19 Jul 2017
Re: Been watching over a year Peapod, "You can hold as much or as little as you want and the holding costs are very low."Can you expand at all or give a link please?
Eadwig
19 Jul 2017
Re: Been watching over a year Jose,Good info, especially about the Norwegian fund. While I'm not overly concerned about erhics in investing myself, one thing I have learned the hard way is that if that fund withdraws wholly from a company for reasons other than ethics then its time for me to sell up too.I like RRS because they are all over Africa and are one of those companies that seems able to navigate African politics successfully. There aren't many around. Pella Group is another one who own RBW (Rainbow rare earths), which I am invested in and have high hopes for*(see below).RRS seem very flexible and able to vary production output as the gold price suits, and last time I looked they appeared to have a strong balance sheet free of debt? That may have changed, it was over a year ago and I'm aware they had some problems over the last year, but I don't recall the precise nature of them.Thanks for all responses and help. Much appreciated.*RBW - a recent IPO operating in Burundi with very low costs on perhaps the richest purity rare earth seams in the world, which are also free of radioactive materials - always a plus when mining rare earths in terms of worker safety and minimal environmental impact. Relatively small scale compared to the only current non-Chinese producer that is working on grades of 5-10% and a massive hole in the ground, RBW have a claim with seams 47-67% pure, a local workforce working mainly with pick and shovels and a sales agreement with a major company for the next 10 years for 5k tonnes of concentrate and the option to pick up the next 5k. IPO to first sales within 12 months is a fascinating development timeline to me. Whether or not they can make it profitable depends how many more seams they discover as production continues. Early signs are very positive. I've written quite a lot on the RBW board, if anyone is interested in learning more about a speculative play.I offer this purely as thanks for info on RRS and saving me time of which I'm very short right now. RBW is small, speculative and has all the risk of Africa about it. I'm invested in a smallish way and looking to add if it comes back anywhere close to the IPO price, but looking to sell within a year as successful news comes out (hopefully). There is always a chance that China will cut off supply to rare earths as they did in 201, in which case prices will rocket, as will the RBW share price. That just adds a little possible spice to the project. DYOR - there is enough info and links on the ii board to learn just about everything there is to know about this company and its short history.
Peapod
18 Jul 2017
Re: Been watching over a year You say holding bullion does make sense but why not hold some via Bullionvault or one of the other online bullion businesses. You can hold as much or as little as you want and the holding costs are very low.
kolwezimundele
18 Jul 2017
Re: Been watching over a year I also think insurance is warrented ATM but have spread the risk beyond one miner - also Polymetal and Highland Gold. But I prefer the US market for its choice of junior PM miners. I currently hold PVG and few others, including gold streamers like SAND. However you need to be careful not to put much too much exposure into any one junior PM miner - see what happened to TAHO (license suspended in Guatemala over unforeseen legal issue) etc.
JoseFrio
18 Jul 2017
Re: Been watching over a year What gives me confidence in Randgold, who operate in some of the most unstable and poorly governed countries in the world, is the extent to which they get involved in social welfare for their staff and surrounding communities. All miners in LDCs do this nowadays, of course, wanting to avoid blowback from angry neighbours or greedy governments. But I reckon that Randgold genuinely want to improve the lives of the people in the countries they work in. One example: During the Ebola crisis, Randgold made their own medical staff freely available to governments and aid agencies to help the situation - [link] Norwegian Government Pension Fund, possibly the most ethical investor in the world, publishes a list of companies they won't invest in here: [link] Many miners, e.g. Rio Tinto and Vedanta, are on the list. Randgold once made it onto a watch list for relocating 15, 000 Congolese, but the fund decided they did it ethically.During various crises in Mali and DRC, Randgold production was largely unaffected. This suggests their strategy is a good one and investing in them carries less risk than other comparable miners.
