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RRR Red Rock Resources Plc

0.055
-0.01 (-15.38%)
Last Updated: 09:29:44
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Red Rock Resources Plc 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
  -0.01 -15.38% 0.055 0.05 0.06 0.065 0.0525 0.07 104,314,084 09:29:44
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 0 -2.67M -0.0011 -0.45 1.24M
Red Rock Resources Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker RRR. The last closing price for Red Rock Resources was 0.07p. Over the last year, Red Rock Resources shares have traded in a share price range of 0.0525p to 0.285p.

Red Rock Resources currently has 2,480,597,791 shares in issue. The market capitalisation of Red Rock Resources is £1.24 million. Red Rock Resources has a price to earnings ratio (PE ratio) of -0.45.

Red Rock Resources Share Discussion Threads

Showing 42901 to 42919 of 51850 messages
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DateSubjectAuthorDiscuss
16/10/2019
07:56
Pump pump pump!!!!!!
kemche
16/10/2019
07:47
6 March 2019 ( Note 7 Months ago )
Cobalt/Copper Joint Venture - Congo


Table 2: Old drilling (83 holes, 83 Drillholes completed, 13,054.3m, 9 X-sections, 100m x 50m drill grid, oxide mineralisation targeted).


Image 3: 3D model showing in situ ore in purple (FSSR + FNSR + North Ridge) lying outside mine outline (shown in brown)

==
ASX mining reporting - frequently asked questions
JORC Resource 2013 code, superseding JORC 2004.

noirua
14/10/2019
17:58
All the current information concerning assets are contained in the header.
The principal interests are Musonoi, DRC; Mid Migori, Kenya; Jupiter Mines share interest; and El Limon gold royalties.
Main liability is approximately £1.1 million in CLNs due for conversion at 0.8p in December.

noirua
14/10/2019
16:20
Thanks, I have done my research and that research says this share is a total POS.

Any value is sapped away by the BOD's ridiculous expenditure on salaries and
admin and other expenses. No value left for shareholders.

Ramper on LSE has already stated that last year someone asked to have the company
wound up. Here are his words:


"There is such a thing as a member's voluntary liquidation. A large shareholder last
year wanted us to put the company into an orderly wind up and we said no"


These are spivvy shareholders calling the shots it seems. Why on earth would
I invest my hard earned here when such people clearly have a hold on the company?!
I doubt very much they have any interest in ordinary shareholders so if they
wound the company up I would expect ordinary PIs to lose out completely.

There are surely better AIM companies to go out without that risk.

Add to that the fact that this company only had £27k in the bank as at end Dec
and gets through c£850,000 just in Admin expenses alone and for me the result is
simply zero investment proposition.


The rampers shamelessly trying to pump this POS are imho deep underwater. The one
on LSE owns some of the £1m of outstanding CLNs and imho won't ever be able to
convert them as the conversion price is 0.8p. Small wonder they look for any
angle to pump the share. Their "sum of the parts" valuations are for me pure
fantasy and hugely misleading because they always very deliberately omit key
parts of that equation including the horrific historical levels of dilution
and the preposterous expenditures on admin and other expenses. If you invest
based on their valuations you thoroughly deserve to lose your money.

The only decent asset here imho are the Jupiter shares and the BOD have now
begun selling those off to raise cash which in the absence of any RNS to the
contrary suggests to me that the money raised is going to salaries and admin.
An extremely poor turn of affairs for shareholders if so.

I predict they will continue pawning off those shares.

DYOR

torp
14/10/2019
14:00
A bid for Red Rock is getting a lot closer as the Cobalt price rallies 49% from low point. A quick take out would save complications for buyer. Do your own research and make a decision, your call.
noirua
14/10/2019
13:18
Glencore has agreed to supply 61,200t of #cobalt to a leading Chinese battery materials company GEM for five years, as China looks to secure supplies of the battery metal to meet rising demand for electric cars

Glencore signs five-year cobalt supply deal with China’s GEM Co
7 October 2019


After hitting $12 a pound in August, cobalt prices have risen to $17.9 per pound, according to Fastmarkets.

Glencore need to expand their 2 mines in kolwezi to make a super pit .... only problem is someone has the middle bit ... cue the RRR Musonoi pit 🤓

noirua
14/10/2019
13:00
Thoughts are that Amulet are considering taking an interest in Zimbabwe similar to VAST.
noirua
14/10/2019
09:23
Democratic Republic of Congo: Revision of the Mining Code and Regulations
October 7 2019

noirua
14/10/2019
09:20
China continues its gradual takeover of Robert Friedland's Ivanhoe Mining as Zijin to spend C$194m to increase stake � via @financialtimes
noirua
14/10/2019
08:11
plunger

sadly you seem to be the product of a bad education system. Your use of words is poor even using words that appear to be made up.

Also the big man attitude, big hard plunger is a bit sad on a bulletin board. You are probably some skinny runt who wears his jocks outside his trousers and pretends he is superman in his bedroom.

I will not converse with you any longer on here as it is unfair on you but if you wish I can supply some links to supplementary education in order for you to rise out of the depths of despair that you appear to exist in.

Bye plunger .... oops sorry spidey lol

new_scally
13/10/2019
21:31
🥳Congratulations to the 2019 Winnovation Awards finalists in the Maths and Data category🥳

🔶Caroline Tiddy - striking copper and gold: data-driven tools for targeted exploration of mineral deposits to address global supply and demand issues. (MinEx CRC, Future Industries Institute, University of South Australia)!

atino
13/10/2019
21:22
Think RRR would probably firstly approach Diane Abbott for a favourable resource figure
seagullsslimjim
13/10/2019
21:17
A University of South Australia researcher has developed a suite of geochemical tools to more accurately target valuable mineral deposits and save drilling companies millions of dollars in the process.

The tools use data collected from analysing drilling materials in new ways to help locate undiscovered precious metals buried by younger sediment and identify the right drill holes.

Besides Prominent Hill, the tools were trialled in the Yorke Peninsula, highlighting unexplored areas of copper
By mapping out where key chemical elements are found in greater concentrations, the researcher behind the project is creating geochemical algorithms that increase the chances of finding an ore deposit and decrease the cost of mineral exploration.

“The global demand for copper and gold is growing, but it is getting increasingly hard to find these metals as companies are forced to drill deeper and deeper,” said Caroline Tiddy, the scientist leading the study at UniSA’s Future Industries Institute. “Diamond drilling, for example, costs up to $400 a metre and it is not uncommon to drill to depths of 1-2 kilometres. That amounts to an $800,000 bill with no guarantee of success, so it limits the number of drill holes. To add to the challenge, ore deposits are tiny compared to the search space.”

However, in Tiddy’s view, her solution allows companies to increase the return on their investment.

“By using these geochemical tools, companies can better focus their drilling resources into lower-risk areas. Finding an economically viable copper-enriched area has the potential to generate revenues of up to $175 million a year as well as creating more than 500 jobs,” she said in a media statement.

The researcher revealed that her tools were successfully tested at OZ Minerals’ (ASX: OZL) Prominent Hill mine, an iron oxide-copper-gold deposit in the north of South Australia. The trial, allowed the miner to increase the footprint of the ore body FOUR 😎 FOLDS !! 😲🙌🤑🤑 9297;🤑ԅ83;👍👍;👍🤔🤔🤔



I strongly suggest the RRR board...to grab hold of her number:-)

atino
13/10/2019
15:41
Is Noirua really Bell?
kemche
13/10/2019
13:01
DS invested in Jupiter Mines which rose from 5.5c in December 2013 to 40c in 2018, and unloaded dividends and cashback, well done.
noirua
12/10/2019
19:41
Guff. Nonsense. Pump.
Guff. Nonsense. Pump.
Guff. Nonsense. Pump.
Guff. Nonsense. Pump.
Ad Infinitum.

kemche
12/10/2019
12:04
Just be patient guys as a JORC resource from old drilling cores going back to the 1920's is a long job. Further drilling might also be required so look back on comments by AB in the more distant past.

The mining license being returned is in the hands of the Kenyan Mining Minister and nothing can be done to hurry it up. What caveats are added to it are yet to be seen.

My guesstimates as to value are explained in the header. The totals are USD23 to USD26 million or approximately 2.65p to 3.00p a share at a conversion rate of $1.27 to GBP.. Together with quoted investments this makes
6.15p to 6.5p a share. Allowing for all liabilities but adding a value for El Limon royalties this puts the value at 6p to 6.35p a share. Reducing this value by 50% gives a share value for RRR at 3p to 3.175p. Red Rock's present share price is 0.475p.
The present low price of Red Rock shares leaves it vulnerable to an underbid.

My valuation in the header for Musonoi and Mid Migori is probably far lower than some think but is probably fairly realistic.

noirua
11/10/2019
13:17
Ignore big P&D merchants who only post the same old bullish tripe against all the evidence to the contrary.
kemche
11/10/2019
13:10
New video about DRC added to the bottom of the header and general update.
noirua
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