Rangold Resources issues.....1 Oct 2018 11:13
This may have been touched upon before but just to ask the wise ones here....Investors Chronicle have advised a sell on Rangold.
"arriving at a 9 per cent drop in gold prices this year and an even worse one for gold stocks ,the logic for the merger is as much defensive as its synergistic.
They quote the Aca dispute and " Rangold is at loggerheads with the government of the Demogratic republic of Congo over the effects of a new mining code on its Kigali mine and has faced a series of strikes at its Tongan mine in the Ivory Coast "
I know little of the latter but I was hoping this new team could deal with the Government of Tanzania with tact that ACA lacked. But I fear it's not as I hoped. I am also weary how Lomnin have struggled with labour relations in their mines....and look at their downbeat SP,
So my question is how does this downbeat view of Rangold affect Us here at ACA.?..