Released on: July 21, 2008, 5:09 am

Press Release Author: PressReleasePoint

Industry: Financial

Press Release Summary: Cornerstone Worldwide upgrade of Randgold Resources sees capital flow lift stock price by 15%

Press Release Body: The recent surge in the price of gold has helped lift stock in Randgold Resources by as much as 15% in less than 2 weeks according to a source close to Cornerstone Worldwide.

The Asian-based investment house recently upgraded the stock to \"buy\" from \"hold\" following a bullish report of Randgold\'s production expectations although the Cornerstone Worldwide source is thought to believe the company\'s stock was already undervalued following a technical correction.

Gold reached a 4-month high of $989.00 recently but profit-taking saw it sell off to trade a range of $950 - $975 for more than a week. Cornerstone Worldwide are believed to remain convinced of the integrity of the long-term commodity bull market in precious metals and that $1000.00-ounce gold is less than a month away.

Despite this upbeat outlook, Cornerstone\'s spokesman would not be drawn on additional mid-cap mining stock recommendations adding only that their clients paid for the privilege of advanced knowledge.


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