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

Gold sp headed south a bit today, after touching 14+ yesterday, could rand be telling us something.....

anyone know of reason for big drop today?

70,

More bad news from the Ivory Coast I expect, Cluff had problems yesterday.

I closed my short in RRS yesterday! "$^&**>?@*!"

Yes, that seems to be the case. Tongon mine in Ce D'Ivoire and new President elect is threatening to nationalise certain industries.
Apparently Tongon mine represents about 20% of RRS NPV.

SP down nearly 1/3 from its highs, yet gold hovering close to all time high prices.Most mining stocks are down today, though

Market update: Randgold continues slide on Ivorian concerns

http://www.whatinvestment.co.uk/trading/markets/market-updates/1608798/market-update-pm-randgold-continues-slide-on-ivorian-concerns.thtml

Bouncing up over 3% so far on today's news release.

http://moneyam.uk-wire.com/cgi-bin/articles/201103091231506262C.html

lol today...................
http://www.youtube.com/watch?v=7KNxcByCEkM&feature=related
http://www.youtube.com/watch?v=UoxHwOl2gN0&feature=related

http://www.youtube.com/watch?v=FKDZsCcvG1k&feature=list_related&playnext=1&list=MLGxdCwVVULXdCqxbcbZlcHnq8S04acxLv

rrl up after whoops dip

Wonder how long the squatter can remain? http://www.bbc.co.uk/news/world/africa/

I wonder what's behind the rise this morning?

See post 89.

Up 9% so far.

http://www.moneyam.com/action/news/showArticle?id=4197674&epic=

Good trading update today and SP up again tomorrow I expect as being in gold is one of the best places to be at the moment.

London, 28 November 2011 - Randgold Resources ('Randgold') today reported a series of setbacks at its Tongon mine in Ce d'Ivoire which will have a negative impact on its production for the fourth quarter of this year.

Could be a down day for this one today then.

Finals out today.

Down 14%???? No immediate reason why.

Have you not heard of the coup in Mali?

Nope.
But I have now, thank you.

"(Reuters) - Renegade Malian soldiers went on state television on Thursday to declare they had seized power in a coup after the government's failure to quell a nomad-led rebellion in the north.

The soldiers of the newly formed National Committee for the Restoration of Democracy and State (CNRDR) read out a brief statement after heavy weapons fire rang out around the presidential palace in the capital Bamako throughout the night.

The CNRDR ... has decided to assume its responsibilities by putting an end to the incompetent regime of Amadou Toumani Toure," said Amadou Konare, spokesman for the National Committee for the Restoration of Democracy and State (CNRDR).

"We promise to hand power back to a democratically elected president as soon as the country is reunified and its integrity is no longer threatened," said Konare, flanked by about two dozen soldiers. A subsequent statement declared an immediate curfew "until further notice".

The statements made no reference to the whereabouts of Toure, who for the past decade has presided over one of the more stable governments in West Africa and was due in any case to step down after elections scheduled for late next month.

However the gold- and cotton-producing nation has struggled to contain a northern rebellion launched late last year by local Tuareg nomads joined by heavily armed fellow Tuaregs returning from Libya after fighting for ousted leader Muammar Gaddafi.

The rebellion, in which dozens have been killed and nearly 200,000 civilians have fled their homes, has added a new layer of insecurity to a region where al Qaeda allies have carried out a spate of kidnappings of Westerners and other crimes.

U.N. Secretary-General Ban Ki-moon called for calm and for grievances to be settled democratically in a statement hours before the soldiers said they had seized power.

Jean Ping, head of the commission of the African Union continental grouping, said he was "deeply concerned by the reprehensible acts currently being perpetrated by some elements of the Malian army".