Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Brazil's Central Bank's Gold Purchase Sign Of Official Sector Support For The Metal – UBS Wednesday November 21, 2012 8:23 AM The International Monetary Fund's statistics show that Brazil's official reserves of gold rose 17.2 metric tons in October, which follows the 1.7 tons bought in September, bringing total Brazilian gold reserves to 52.52 tons, says UBS. This may give the market a "flutter of excitement," UBS says. "This is a chunky purchase by a central bank, and the gold market will likely sit up and pay attention to today's news, not just because of its size but because this is a central bank that has not been active in the market for some time," UBS says. Had it not been for central bank buying in October, the move below $1,700 would likely have been much more severe. "Today's news confirms much of the market chatter at the time that official sector buying was taking place and was one of the key factors that gave prices a reasonable floor last month," UBS says.
RandGold's score of 20 puts it in joint second overall. The company owes much of its success to CEO Mark Bristow, the former South African Army officer who has run it since incorporation in 1995. His 56 million pounds worth of shares strongly aligns his interest with shareholders. With a project finance banker experienced in Africa as chairman, a longstanding finance director, and five nonexecutives with impressive mining and banking backgrounds, the board looks extremely competent. http://www.fool.com/investing/international/2012/11/19/my-verdict-on-5-ftse-boardrooms.aspx
15% drop is overdone Randgold's share price has fallen 15% over the last month, mostly due to a mixed set of Q3 results and a round of profit-taking after its share price hit an all-time high. However, Randgold's share price fell sharply this week when news emerged that the president of the Ivory Coast, lassane Ouattara, had unexpectedly dissolved his entire government. Randgold's Tongon mine is located in the Ivory Coast and produced 159,955 ounces in the first nine months of this year -- about 28% of the company's total production. The surprise dissolution spooked investors, who feared that it could be a sign of impending instability in the country, a reaction that wasn't helped by news that Randgold's chief executive, Mark Bristow, had sold £3m of his Randgold shares the day before, leaving him with a £47m stake in the company. However, Randgold has been in similar situations before and has always rebounded strongly, something I think is likely to happen again. I believe that now could be an excellent opportunity to buy Randgold shares, ready for the next round of growth. http://www.fool.co.uk/news/investing/2012/11/15/1914-gold-forecast-could-boost-miners-profits.aspx
well it was a buying opportunity for me when it dropped yesterday......each to their own, but I have no complaints here ...this shares been good to me...ATB whatever you decide Gold production in Ivory Coast is forecast to increase 35 percent next year with Randgold Resources Ltd. (RRS) and Newcrest Mining Ltd. (NCM) leading the growth, according to the Finance Ministry. Output of the metal will climb to 20.1 metric tons from 14.9 tons this year, a document obtained from the Abidjan-based ministry, which is yet to be publicly released, shows. Randgold operates the Tongon mine in northern Ivory Coast and Newcrest produces gold in the central region of Bonikro. http://www.bloomberg.com/news/2012-11-08/randgold-newcrest-boost-ivory-coast-gold-ministry-says.html
Chief Executive Mark Bristow said in an interview he was confident that the company would bounce back in the fourth quarter. "We're going to have a stonker fourth quarter. The costs will come down significantly on the back of us delivering on our production forecasts," he said. Production at the company's Tongon mine, where it plans to introduce new power generators, will step up in the coming quarter, Bristow said. http://uk.reuters.com/article/2012/11/07/randgoldresources-brief-idUKL5E8M732K20121107
RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg. No. 62686 LSE Trading Symbol: RRS Nasdaq Trading Symbol: GOLD MILLS HEAD TO KIBALI AS DEVELOPMENT CONTINUES APACE Kinshasa, DRC, 24 October 2012 - Indicative of the steady progress being made with the development of the Kibali gold project, two giant 7 megawatt mills are currently being trucked halfway across Africa, from the east coast port of Mombasa to the mine site at Doko in the north east of the Democratic Republic of Congo. The Kibali mine will be one of the largest of its kind in Africa when it pours its first gold, scheduled for the end of 2013. The mills, a key component of the production plant at Kibali, are each being transported in three massive sections. Each mill weighs 170 tonnes and is 9.5 metres long and 6.1 metres in diameter and when installed will be capable of milling a combined 7.2 million tonnes a year. Manufactured in Europe, they were landed at the port of Mombasa on 20 October and are due to arrive at the mine site at the end of November after a 1 800 kilometre road trip. The mills are expected to be set on their foundations at the plant early next year. In the meantime, open pit mining is already underway at Kibali. In addition, the box cut for the project's underground twin decline section is almost complete and in the fourth quarter of this year work is scheduled to start on the development of the twin declines and the sinking of the vertical shaft. The relocation programme, designed to rehouse the villagers from the mine area in the new model Kokiza village, is also progressing rapidly. New houses are being built at the rate of 45 a week and more than 1 000 families have been resettled to date. This means that the whole mine footprint has now effectively been cleared for development. Kibali is being developed by project co-owner Randgold Resources, which will also operate the mine. Randgold already operates the Morila mine and the Loulo-Gounkoto complex in Mali as well as the Tongon mine in Côte d'Ivoire. Randgold chief executive Mark Bristow said that once in production, Kibali would prove an enormous boon to the DRC, generating economic welfare through the payment of dividends and taxes to the State, which has a 10% stake in the project, as well as creating jobs and a demand for support services for local businesses. "It's a great example of what can be achieved in Africa when an investor-friendly government partners with a mining company in a long-term commitment to the sustainable creation and sharing of wealth," he said.
and good luck always listening and learning to the old and the wise...lol FT ...yesterday.... Randgold gains on upbeat target price Randgold Resources was the biggest gainer in a falling London market on Monday after a recommendation from Société Générale. Gold miners have been suffering the hangover of poor capital allocations as they tried to justify their premium valuations, said SocGen. Costly acquisitions and extending mine lives had dragged on profit margins and offset the rising gold price, it said. SocGen estimated that if gold fell from about $1,700 an ounce on Monday to $1,400, about a third of the projects being developed worldwide would be uneconomic. At $1,200 an ounce, half the projects would make a loss, it said. By contrast, two of Randgold’s five main mines would break even at prices below $1,000 an ounce and two more would be feasible at $1,300, SocGen said. The company’s Massawa mine in Senegal had a break-even cost of $1,860 an ounce but management had already postponed its development, SocGen said. “In other words, Randgold actually practices what the industry preaches – capital discipline,” said the broker. It put a £90 target price on Randgold, which rose 2.7 per cent to £76.15. Moligen ...got a few humdingers myself from the early days...below is a list of aim mining companies...you may find useful...tells you what they are mining for and in what region....good luck fhttp://www.aim-mining.com/amr-AIMmininglist.html
Fres..not in there atm but have been in at out several times after NKOTB brought it to my attention. Sadly sold out in the 15's and it just kept climbing..NKTOB and I both like bargain basement prices What you need to know about the gold miner's top executives. Management can make all the difference to a company's success and thus its share price. The best companies are those run by talented and experienced leaders with strong vested interests in the success of the business, held in check by a board with sound financial and business acumen. Some of the worst investments to hold are those run by executives collecting fat rewards as the underlying business goes to pot. In this series, I'm assessing the boardrooms of companies within the FTSE 100 (UKX). I hope to separate the management teams that are worth following from those that are not. Today I am looking at Randgold Resources (LSE: RRS) (NASDAQ: GOLD.US), the only gold miner in the FTSE 100. Overall, Randgold Resources scores 20 out of 25, an excellent result. The management team, including the chairman, are experienced and impressive. http://www.fool.co.uk/news/investing/company-comment/2012/10/22/the-men-who-run-randgold-resources.aspx?source=uhpsithla0000002
http://www.fool.co.uk/news/investing/2012/10/22/head-to-head-fresnillo-vs-randgold-resources.aspx
Notification of Major Interest in Shares http://www.investegate.co.uk/Article.aspx?id=201210221400012196P
back aboard! :o)
17 October 2012 GEM DIAMONDS LIMITED ("Gem Diamonds" or "the Company") NOTIFICATION OF INTERIM MANAGEMENT STATEMENT Gem Diamonds Limited (LSE: GEMD) will be releasing its Interim Management Statement for the period 1 July 2012 to 11 November 2012 at 07:00 GMT on Monday, the 12th November 2012.
you can have mine at a premium price....lol...
not that I pay attention to most brokers..but would be nice Barclays Capital Reaffirms Overweight Rating on Randgold Resources Ltd (RRS) Daily Political Randgold Resources Ltd (LON: RRS)'s stock had its “overweight” rating reaffirmed by Barclays Capital in a research note issued on Friday. They currently have a $140.48 (8755 GBX) price target on the stock.
Gold at $1,750 is undervalued by $100, says Dubai expert By Vicky Kapur Published Wednesday, October 10, 2012 A stronger US dollar is keeping gold prices depressed, much below its par value, a senior Dubai-based bullion broker has said, adding that the yellow metal is on track to ‘soon’ cross its all-time high of $1,926/oz. http://www.emirates247.com/markets/gold/gold-at-1-750-is-undervalued-by-100-says-dubai-expert-2012-10-10-1.478590
The product provides a solution to the signs of resistance seen developing to certain other types of fungicides in the US, the firm said. Chief Executive Officer John Brady said: "The strength of the uptake of ProAct and propiconazole in its initial year is a very exciting development for Plant Health Care. Used together as a rotation product on corn, soybeans and other susceptible crops has proven to be a highly effective method for farmers to mitigate the risk of diseases developing resistance to strobilurin fungicides, while also maintaining the disease control and yield potential they have become accustomed to receiving. "This product provides farmers with a new set of options, which is the basis for our existing agreements with Arysta LifeScience and Makhteshim Agan Industries. I am delighted by the enthusiastic recognition that our product and marketing message is receiving."
Crossed above 21% http://www.investegate.co.uk/Article.aspx?id=201210080700061045O
hi yes still got a small handful ...and keeping my eye on it....