Share Name Share Symbol Market Type Share ISIN Share Description
Red Rock Resources LSE:RRR London Ordinary Share GB00BYWKBV38 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.675p 0.65p 0.70p 0.675p 0.675p 0.675p 1,501,562.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -7.7 -0.3 - 3.15

Red Rock Share Discussion Threads

Showing 43101 to 43122 of 43125 messages
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DateSubjectAuthorDiscuss
17/2/2017
14:48
It's the Bell factor !
seagullsslimjim
17/2/2017
13:26
Looks like a dump gone thru ...buyer then picks up cheaper stock as we see.Well at least buyers waiting to jump in on the dips .Been very slow to move thru 1p as no news filtering thru on other deals etc .
iloveit
17/2/2017
12:33
Aye but this is RRR not Jupiter. What else can AB "big up" other than the current success of ONE of Jupiter's projects? It's a sad indictment imho of the string of failed ventures here. By now AB should have been able to make positive noises about Greenland, Kenya, El Limon, Ivory Coast, Shoats Creek oil and so on. Actual RRR projects. Unfortunately they have either gone nowhere, are lying dormant, in legal disputes or turned out to be a disappointment imo. Jupiter happens to be temporarily in vogue due to Manganese price so no surprise that's where the PR focus is. But the share buy-back is old news now, markets fully aware, share price already rallied on that news so what's next? A slow drift back down to 0.40p-0.50p imho as those who bought on the spike slowly get bored and sell out. Rampers have all long since moved on to the next gung ho share.
torp
16/2/2017
23:47
All I want to hear from Bellend is the sound of daisies pushing up through the soil above his resting place xcap 16 Feb '17 - 07:24 - 10658 of 10665 1 1 Bellend seems to be making some very positive noises on his twitter I hear regarding Jupiter
the stigologist
16/2/2017
10:54
Hardly a saint - just what I perceive to be normal person with moral standards and a joy of altruism !
seagullsslimjim
16/2/2017
10:38
Saint seagull , I do envy you
xcap
16/2/2017
09:49
Stig - I agree - he would have paid top dollar for the paddle after being told that it was made of finest cedar wood, but then found out it was worthless paper mache when he put it in the water !
seagullsslimjim
16/2/2017
09:47
xcap - certainly not me or the friends that I have Sorry if you tick those boxes though, there's still time to change :-(
seagullsslimjim
16/2/2017
07:48
Seagull - so that's all of us then!
xcap
16/2/2017
07:24
Bellend seems to be making some very positive noises on his twitter I hear regarding Jupiter
xcap
16/2/2017
00:14
Frequently followed by dilution
affemoose
15/2/2017
11:18
Ramping broker reports . . . . . really reaching for the bottom of the barrel now.
torp
14/2/2017
23:14
Clive205, I suppose he is spreading it out between the two, this purchase was made in April 2016 http://uk.advfn.com/stock-market/london/red-rock-RRR/share-news/Red-Rock-Resources-plc-Financing-Directors-Dealin/71298592
graylyn1
14/2/2017
22:49
Not sure why AB bought shares in RGM rather than here as Red Rock would seem to be the better bet of the two.
clive205
14/2/2017
18:09
Knowing, this was published in Nov 2016, regards. CASH WINDFALL FOR RED ROCK Red Rock Resources# (RRR.L) announced this morning it is set to receive a cash windfall of US$658,350 arising from a US$55m dividend distribution from Jupiter Mines Limited, in which it holds a 1.2% stake. This far exceeds our expectations as we previously estimated (6 Oct ‘16 Research Note) a A$150K (US$110K) dividend to Red Rock on a Base Case scenario. It also easily surpassed our estimate at the High Case level of A$225K (US$165K). Jupiter Mines is able to pay the dividend due to much improved cash flows from its 49.9% owned Tshipi manganese mine in South Africa, which is benefiting from tighter cost controls and improved manganese prices. Indeed, if strong manganese prices continue, Jupiter’s management believe further dividend payouts could be made in 2017. With the Chinese economy improving and the new US government in waiting vowing to boost infrastructure spending, the outlook for manganese, which is mainly used in steel production, appears very bullish.   # Dowgate Capital acts as broker to Red Rock Resources plc Best Regards,   Jason Robertson Dowgate Capital Stockbrokers Ltd Dir: +44 (0)1293 643709  Mob: +44 (0)7785 468703 Market Cap: £1.9m Share Price: 0.40p (0.35p-0.45p)     REVISED VALUATION Given today’s news we have revised upwards our estimated value of Red Rock’s equity stake in Jupiter Mines. Assuming a yield of 5% for Jupiter Mines based on the US$55m dividend payment, and allowing for a 20% discount to factor in the current non listed status of the miner, a valuation of around US$880m would seem reasonable. We have prudently assumed that no further dividend payments will be made next year, which may seem unlikely given the favourable outlook for manganese prices. (This assumes others Jupiter projects remain on care and maintenance). Hence this would value Red Rock’s 1.2% equity stake in Jupiter at US$10.5m (£8.5m), a 5 times improvement on our previous estimate of US$1.98m (£1.6m).   With RRR’s others project assets such as those in Kenya, Greenland, US-Shoats Creek and investments in Colombia, GoldStone and Elephant Oil included in our valuation as previously estimated, our revised valuation comes to £20.5m, (prev. £13.3m). Our share price target is correspondingly lifted by 57% from 2.8p to 4.4p, with a ‘BUY’ recommendation. A closing market cap for Red Rock last Friday of £1.9m, seems far too low, given today’s news, and maybe the prospect of other forgotten assets within the Group's portfolio surprising investors with positive news in the near future, as commodity prices continue to rebound.        (Exchange Rates £/US$ 1.234 £/A$1.68)    
graylyn1
14/2/2017
16:03
Ah keeping things in the family hey Bell-end? By the looks of him I wouldn't be surprised to know he was the product of incestuous ancestry.
the stigologist
14/2/2017
16:02
Well someone thinks it's worth a fair bit more hTTp://www.rrrplc.com/files/1214/5329/0949/Red_Rock_Resources_RRR.L_200116_DCS_Broker_Research_Note.pdf
knowing
14/2/2017
12:46
Has Bell-end popped his clogs yet ? Can someone add a countdown clock to the header ?
the stigologist
13/2/2017
17:04
@Knowing. I'd say the valuation is very subjective at this point and the holding is still illiquid given Jupiter are still a private company. If they relist then we will get to see the true JMS share price and thus the true value of the holding. Worth reading the valuation details in the last Annual Report imho to understand the situation back then (just search in the report for the term 'market valuation' and you'll jump right to it). If the holding were worth anywhere near your suggestion the markets would surely have latched onto it and the share price would have risen considerably. The markets are not stupid and any notion that they have "missed a trick" or been slow on the take up is purely the fictional material of bucket shops imho. The share price already rose on the back of the announcements and fell back when the share buy-back details were published.
torp
13/2/2017
15:22
Jim regardless of the cost the market cap should reflect the current valuation of the Jupiter stock + assets. I know what you mean on the second point.
knowing
13/2/2017
14:47
What he really means is keep the company going so he can keep drawing the money out through astronomical wages. Talk about a golden ticket !! As for the investment advice, it appears it's a case of you can make money so long as you trade in and out at precisely the right times, other than that forget it as no investment case can possibly be made for this company. In fact it shows the lack of corporate governance that the likes of RRR is still permitted to trade. The authorities should be hanging their heads in shame at turning a blind eye to companies like this...........
ladeside
13/2/2017
13:27
Thats what I thought
knowing
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