THISTLE29 Dec 2012 11:06
I'll declare bias first of all...I am holding ( now who would have guessed) I bought on the last descent @ 62.99, so I did better than the 62 quoted in your cited article.
RRS have accurately achieved the targets they set themselves and have exceeded some. They have the misfortune to have exremely valuable assets in some of the most politically unstable regions on the planet, but their top man has his personal fortune at stake here, and has, for some time lived with the African politics. He will survive and prosper.
2013 will be the next major landmark in the companies production, all set to hit targets once again, with increasing production thanks to their latest finds now being ready to come onstream. £62 will seem so cheap. Without being inflationary, my own target for this coming year is £80 +....and I reckon anyone reading back the posts on this board will see that when we were in the low 50's I was looking for £63, which it realised and exceeded, so I reckon my £80+ will again prove modest.
When the 4th qtr report comes out in February, it will be set up by then to rocket.
Wishing one and all the best for the coming year.
NKOTB.