Member Info for RobertW

I agree with you New Kid, indeed yesterday I doubled my holding in this company albeit I am showing a substantial paper loss on my original investment. My reasoning being that since First Eagle Investment Management invested in the 19,633,430 new ordinary shares at £11.30 per Placing Share, that being a 1.99% discount to the closing price at Friday 26th of April and represented approximately 2.74 per cent. of the number of existing shares of the Company, the current price could well be an exceptional investment opportunity at the current SP. Indeed the girations of this SP demonstrates the advantages of the management agreeing to a deal with a single shareholder rather than making a proposal to all existing holders, it was less expensive and avoided the possibility of a pitfall problem if the share fell suddenly, as in our case. Good Luck.

I hold many mining stocks, some I buy hoping SP to rise and others I invest in for the dividends, it was the latter that influenced my puchase of this stock albeit I am currently sitting on quite a loss but am not too concerned. Incidently I have an investment in ESSR I wonder what they will do to become compliant with changes to FTSE rules. Personally I like the idea of one sharehiolder being involved as in the FRES case and will be expecting this share to move upwards, albeit slowly as their investment was substantial and I think will inspire confidence for the future.

Qheen Elvis you said on 18th April that you would like some news one way or another about the free float issue. The news today of the sale of 19.6 million shares at 11.30 pounds per share - a 1.99 percent discount to Friday's close - raises roughly 220 million pounds ($341 million) for the group, and means the world's largest primary silver producer is now compliant with changes to FTSE rules that require constituents to have at least 25 percent of their stock available for sale must be reassurring, for an existing shareholder to invest 220 million must be the best vote of confidence for everyone - do you agree

I read a similar worded article in today's Telegraph. Here is url to online version http://www.telegraph.co.uk/finance/newsbysector/industry/mining/10006333/Speculative-traders-caused-gold-to-crash-says-WGC.html Quote: “It has become increasingly clear over the course of the past week that the fall in the gold price was triggered by speculative traders operating in the futures markets,” Aram Shishmanian, chief executive of the WGC, said. “Their short-term view of generating a trading profit is in stark contrast to the views of long-term investors in gold, as evidenced by the massive wave of physical gold buying that began over the weekend and accelerated following Monday’s further decline.”

Sam I am showing a loss on my recent purchase of FRES but hold a lot of other shares in my mining portfolio which have all taken a recent hamering. That said, I am confident that mining stocks are more likely to go up than down and I will be purchasing more stock once I see a positive upward trend.

Article published today recommending buying of FRES and other gold shares See url http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20836932 Quote: In our view, this sell-off has once again created some short- and long-term opportunities to pick these mining stocks up at what could be once-in-a-lifetime low prices," said Ronnie Chopra, Head of Strategy at Tradenext. He said that Tradenext is a buyer of African Barrick Gold, Petropavlovsk, Kazakhmys, Vedanta, Fresnillo and Ferrexpo.

I thought that this morning's RNS was both Positive and Reassuring but wonder if it can impact SP in the short term - interested in learning of other opinions and whichway this share is likely to me. Personally, withcash to invest I am still not buying or selling any of my mning stocks for the time being but was nearly tempted to buy RRS this morning.

RRS do word their RNS as adverts, they generate more positive articles via their RNS's than any of my other mining stocks and that last one I am sure will do well and generate publicity and impact the SP ;positively. Regarding FRES, I think tomorrw will show which way this share is likely to go in the near future, if it can hold its current price when going ex-dividend it will be a very positive pointer in my opinion

I am not selling or buying any of my mining portfolio at the moment. That said, I do have a cash bank awaiting to invest in mining stocks but it is so difficult to read the market at the moment so doing nothing seems to be my best option. How do you see things progressing?

As you may know I have an investment in RRS and other mining stocks but decided to invest in FRES because of a possibility of future silver scarcity materialising that I had read should have anupward impact on this share price making it worthwhile. I was unsure because of the SELL recommendations mentioned by sam959 but took the plunge, albeit my mining portfolio is taking a battering at the moment and am wondering just how much more they are likely to fall for they seem to be so out of favour at the moment.

Thanks Sam for your food for thought. I just bought in having warched it all day. Yes I like the divi - this shares seems to offer a yield of 5% if my research is on target.

Surely this goes ex dividend soon has this sell off been overdone? Still sitting on fence but very tempted hence my question

Interesting article but SP seems to be going the wrong way at the moment: http://seekingalpha.com/article/1331861-randgold-resources-strong-earnings-low-debt-and-a-121-00-price-target?source=nasdaq

Hi New Kid, I think you are spot on, my indecision as to whether to sell and hopefully buy back at a lower price sees me losing more on this share as the gold price falls. This article see Url: http://www.dailymirror.lk/business/other/27668-banks-cut-gold-exposure-on-possible-price-crash-.html makes me even more nervous and my thinking that I missed th boat and should have followed my gut feeling and bailed out before now; alas I can see why SP is falling but is it being over done?.

Since this share seems to reflect the movements in the Gold Price I happened to find this site which I bookmarked to have latest info at hand: http://goldnews.bullionvault.com/gold_price_news?__utma=1.2076464834.1364549969.1364549969.1364549969.1&__utmb=1.1.10.1364549969&__utmc=1&__utmx=-&__utmz=1.1364549969.1.1.utmcsr=google|utmccn=%28organic%29|utmcmd=organic|utmctr=%28not%20provided%29&__utmv=-&__utmk=10252213

Unfortunately this share at present appears to struggle to stay above 57.00 as if there is a backlog of holders looking for the door at or around that price. Let us hope that it breaks out above that level.

Good Post from Maltman thanks - I missed that article. I did note however that yesterday, as well as the Citigroup’s recommending a sell that got all the publicity at the same time Liberum Capital rated RRS a BUY - I was worried they may have downgraded RRS to a Hold. Surely the SP will bounce upwards following the fantastic results and so far the possible sabotage to foreign interests in Mali has not materialized. I am into RRS big time having increased my holding on Friday, I thought that the stock price was unbelievable and offered an opportunity too good to miss for when this rebounds it could be dramatic.

Citigroup recommends selling RRS due to falling gold and silver prices, fuelling a selloff among precious metals miners. It cuts its price targets to 5540 pence from 6600 pence for Randgold. Could bounce soon and not reach 5540 IMO so I repurchased the shares I sold Monday as a speculative punt!

CNBC article published today is food for thought - see the article at url: http://www.cnbc.com/id/100379021/Miners_in_Mali_Dodge_Conflict_Risks_039Manageable039_for_Now

What a difference since the results. RTT News reported on 5th Feb that RRS reached a 1 month high following the results see url: http://www.rttnews.com/2049886/randgold-resources-gold-rose-to-a-1-month-high-on-q4-results.aspx and today RTT News report that RRS have dropped to a 6 month low see url: http://www.rttnews.com/2054704/randgold-resources-ltd-gold-has-dropped-to-a-6-month-low.aspx - no wonder the share is dropping like a brick.; I thought the results would see the SP surge upwards but alas the SP is suffering because of the two (so far) suicide bombings in my opinion. On reflection I wonder if I should have sold all my holding in RRS this morning