"The next fad is going to be the unbundling of the majors," says Randgold Resources (GOLD) CEO...

"The next fad is going to be the unbundling of the majors," says Randgold Resources (GOLD) CEO Mark Bristow, as the spend-happy gold miners now look to shed assets. Some hope for an unbundling of value similar to that of the oil majors spinning off their refinery and other assets. Keep an eye on John Paulson's efforts to break-up AngloGold (AU). GDX -19.3% YTD.
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Comments (4)
  • mickmars
    , contributor
    Comments (1312) | Send Message
    I wouldn't hire one of these major gold miner CEO's to rake my yard. How are you not rolling in $ when the product you sell more than doubles in price?
    21 Mar 2013, 07:24 AM Reply Like
  • bamatech
    , contributor
    Comments (6) | Send Message
    Maybe because energy is up as well as other input costs & the shiny stuff is less rich per ton than it was in years past?
    21 Mar 2013, 07:28 AM Reply Like
  • Gigem77
    , contributor
    Comments (2516) | Send Message
    Those are good reasons. You could add that many mine in countries with dodgy governments. But they could hedge their fuel costs and report total costs honestly. Also, they could pay a good dividend but they don't. Randgold has the best management team, imo. The bottom line is that other sectors perform better.
    21 Mar 2013, 07:51 AM Reply Like
  • TDWelander
    , contributor
    Comments (624) | Send Message
    I do not think so. A short run idea totally detrimental to the long run.
    Only wall street would suggest such foolishness. Cash flow is fine
    at current or higher gold prices. To much spending, just like governments, is the problem. Cheap, borrowed funds are available nearly everywhere to cover short term imbalances. With more thought, gold asset sales when the market is likely in for a big jump or at least stay stable at higher gold prices; are dumb, dumber, and dumbest. I am willing to bet sane minds will prevail, putting asset
    sales ideas in the toilet or the garbage where they belong, at least for now.
    21 Mar 2013, 12:46 PM Reply Like
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