Randgold Resources (LON:RRS) - Positive news flow potential
Oct 25th 2012 - Edison Investment Research today published a report on Randgold Resources (RRS.L, LSE:RRS, LON:RRS) entitled "Positive News Flow Potential". In summary, the report says:
Range Resources’ centre of gravity is moving towards Trinidad and prospectively Colombia. Development activity in Trinidad is proving successful in materially boosting production and reserves. We believe considerable potential remains there for gains on both counts. The recent failure to discover commercial hydrocarbons in Puntland at the first attempt was obviously disappointing but hardly surprising given the frontier nature of the play. Drilling results here contained positive aspects and provide encouragement for the next phase of the exploration programme.
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