African gold mining and exploration concern, Randgold Resources, listed on the London Stock Exchange in 1997. Its major shareholder is Randgold & Exploration, a company created in 1992 to take over the gold interests of South Africas oldest mining house, Rand Mines. Randgold Resources is an international gold mining and exploration business, incorporated in the Channel Islands in 1995. It has to date discovered the 7 Moz Morila deposit in southern Mali, the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the Ce dIvoire. The Company successfully developed the Morila deposit into one of the worlds largest and highest-margin gold mines. In February 2004 construction started on the new Loulo Gold Mine in Mali which is scheduled to come into production in third quarter of 2005, and a development study is underway on the underground operations. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, Ce dIvoire, Senegal, Burkina Faso, Ghana and Tanzania.

Upper graph  = 12 month share price with 6 month MA (green) + 25 day MA (red)
Shaded area = Bollinger bands

Lower graph  = RSI

more company data here

Questor (Telegraph) Buy:

http://www.telegraph.co.uk/finance/markets/questor/9292249/Questor-share-tip-Randgold-Resources-expansion-plans-should-lead-to-a-significant-rise-in-profits.html


RRS does perform over time. Had Mali not caused
the recent blip it would be much higher, I think, unlike
POG which doesn't seem to need any excuses
to keep falling.

5500 may be the point at which this starts getting exciting
again. With Wall St open next week when we are
closed, it should get even more interesting, if the economic
vibes from the US and Europe don't improve. Traded with the
ticker GOLD in NY.

Gone past 5500 even as I was typing.

Good read and RRS one of four gold picks. I always
get better and more rewards from RRS than POG. Must remember that.

http://seekingalpha.com/article/640481-4-gold-stocks-for-the-bear-market?source=yahoo

25 June: Nomura reiterates: Reduce - TP down to 6,815p from 6970p.

25 June: Investec Securities, however, upgrades to: Buy - TP held at 6,962p.

http://www.moneyam.com/action/news/showArticle?id=4424338

Up over 3% on early trading.

Finished up 4.5% on average volume at the death.

I bought these the Day before the Mali invasion/war (how unlucky is that?) and watched them go as low as £52 so much relieved to see them back into profit today.

Chief Executive sells 45,000 http://www.moneyam.com/action/news/showArticle?id=4484432

Re previous post CEO Sold @ 6799p on 13 November

Taken a bit of a slapping today after that news, down over 5%.

Nov 29: Morgan Stanley Overweight reiteration - TP maintained at 7900p.

Black Rock reduce by a few http://www.moneyam.com/action/news/showArticle?id=4500018

FIRE AT TONGON PLANT

Tongon, Côte d'Ivoire, 26 December 2012 - Randgold Resources said today production at its Tongon gold mine in Côte d'Ivoire had been impacted by a fire in the mill section.

FMR LLC. Increase above 5%.

BlackRock, Inc. go above 14%.

RRS suffer from lower gold price, -4.50% so far http://www.moneyam.com/action/news/showArticle?id=4587226

Black Rock Holding has gone above 15% today

Black Rock Holding has gone below 15% today, a successful trade I assume.

Kibali prepares to pour first gold.