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% 0.625p 0.60p 0.65p 0.625p 0.625p 0.625p 3,311,229 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -7.7 -0.3 - 2.98

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Trade Time Trade Price Trade Size Trade Value Trade Type
15:21:010.62385,0002,396.63O
14:36:420.6227,000168.48O
13:29:290.6210,25664.00O
13:09:110.60400,0002,400.00O
12:50:280.605,24431.46O
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Red Rock (RRR) Top Chat Posts

DateSubject
17/10/2017
09:20
Red Rock Daily Update: Red Rock Resources is listed in the Mining sector of the London Stock Exchange with ticker RRR. The last closing price for Red Rock was 0.63p.
Red Rock Resources has a 4 week average price of 0.58p and a 12 week average price of 0.58p.
The 1 year high share price is 42.88p while the 1 year low share price is currently 0.35p.
There are currently 476,037,740 shares in issue and the average daily traded volume is 2,572,570 shares. The market capitalisation of Red Rock Resources is £2,975,235.88.
19/7/2017
15:26
graylyn1: The point about the 1.2m oz gold in Kenya is NO VALUE is currently in the share price for the asset, NO VALUE is in the share price for Steelmin, the only asset at present that is being thought about in regard to a value for RRR is Tshipi and in my opinion the market has that wrong if it thinks that RRR current mkt cap of £3.4m is equal to the value that would benefit RRR from the JMS holding of 49.9% of Tshipi RRR at the current price is a great price for the value investor. dyor
10/7/2017
09:29
atino: Still in the press & being covered today! Things not looking good for PALLINGHURST shareholders ! [Quote 10 Jul 2017] "PALLINGHURST SHAREHOLDERS REVOLT" 😳😳😳 Up­roar in re­sources com­pany as share price falls from R10 to R2.90 in 10 years 😱😱 IT IS HIGH time Pallinghurst Re­sources ex­ec­u­tives, in­clud­ing chief ex­ec­u­tive Arne Frand­sen, de­liv­ered to share­hold­ers amid dis­dain over in­ap­pro­pri­ate re­mu­ner­a­tion by man­age­ment, among other things. Busi­ness Day re­ported last week that share­hold­ers might vote against the re-elec­tion of non-ex­ec­u­tive di­rec­tors and the re­mu­ner­a­tion pol­icy at the com­pany’s an­nual gen­eral meeting on Wednesday in Guernsey, Chan­nel Is­lands. Share­hold­ers felt that Frand­sen and Pallinghurst founder and chair­per­son Brian Gilbertson were over­paid and lived high, thanks to gen­er­ous man­age­ment fees, while they watched the com­pany’s share price dwin­dle. Gilbertson, a for­mer chief ex­ec­u­tive at global di­ver­si­fied min­ing gi­ant BHP Bil­li­ton, has been blasted by a mi­nor­ity of share­hold­ers who spoke on con­di­tion of anonymity for Pallinghurst share price demise to R2.92 from R10 a share at its list­ing in 2007 at the height of the re­source boom. “Many peo­ple backed Pallinghurst, which listed at R10 a share. It is sad to see that the share price has lost value so dras­ti­cally. Gilbertson’s cred­i­bil­ity is be­ing ques­tioned,” one share­holder said. The share­holder also said non-ex­ec­u­tive di­rec­tors had en­riched them­selves at the ex­pense of mi­nor­ity share­hold­ers. The share­holder also said non-ex­ec­u­tive di­rec­tors had en­riched them­selves at the ex­pense of mi­nor­ity share­hold­ers. “In ten years we have earned noth­ing as share­hold­ers and that is un­ac­cept­able,” he said. Other an­a­lysts said that that share­hold­ers were frus­trated be­cause the non-ex­ec­u­tive di­rec­tors did not com­mu­ni­cate. “Most com­pa­nies have in­vestor pre­sen­ta­tions at least once a year and many twice a year, but they kept them­selves far away from share­hold­ers. “A ma­jor man­age­ment shake up is needed. The busi­ness is be­ing run from off­shore, which is a prob­lem, but the mines are in Zam­bia, Mozam­bique and South Africa”. “You can­not run a busi­ness from far afield, you have got to be ac­ces­si­ble to the op­er­a­tions,” he said. Pallinghurst has a R5 bil­lion net as­set value and it is in­vested in the plat­inum group met­als, man­ganese and gem­stones. 😎😎😎😎 Pallinghurst holds a 18.4 per­cent stake in Jupiter, which in turn has a 49.9 per­cent stake in lead­ing man­ganese pro­ducer Tshipi é Ntle, an open pit mine in the Kalahari man­ganese fields in the North­ern Cape.😎ԅ26;😎 THIS IS WHY ATINO COVERS PALLINGHURST (and its ventures like Gemsfields 😏 ! ) Jupiter dis­trib­uted $55 mil­lion (R735.45m) to its share­hold­ers in March, of which Pallinghurst re­ceived $10m. “We as share­hold­ers have re­ceived noth­ing from the $10m so far. Pallinghurst is sit­ting on the cash,” the dis­grun­tled share­holder said. Pallinghurst also launched a bid to ac­quire Gem­fields, the world’s lead­ing sup­plier of re­spon­si­bly sourced coloured gem­stones such as ru­bies. Peter Ma­jor, Direc­tor Min­ing at Cadiz Cor­po­rate So­lu­tions, said that Pallinghurst had also been blamed for the neg­a­tive im­pact on its Sed­i­belo plat­inum min­ing pro­ject in the Pi­lanes­berg na­ture re­serve. He be­lieved the share­holder re­volt was long over­due. “Th­ese di­rec­tors should have been turfed out a long time ago. “Es­pe­;cially with what they did in the Pi­lanes­berg. “That Sed­i­belo mas­sive open pit cash sucker mon­stros­ity never should have got­ten the go-ahead! “It de­stroyed a lovely part of the coun­try for­ever,” Ma­jor said. Pallinghurst’s largest share­hold­ers in­clude Christo Wiese, with 19.6 per­cent, fol­lowed by Old Mu­tual In­vest­ment Group with 9.46 per­cent and Oa­sis As­set Man­age­ment with 9.04 per­cent. Pallinghurst’s largest share­hold­ers in­clude Christo Wiese, with 19.6 per­cent, fol­lowed by Old Mu­tual In­vest­ment Group with 9.46 per­cent and Oa­sis As­set Man­age­ment with 9.04 per­cent. Oa­sis Cres­cent Cap­i­tal owns an­other 6.22 per­cent. hxxp://www.pressreader.com/south-africa/cape-times/20170710/281947427885146
07/7/2017
16:53
torp: Dear oh dear Noirua !!! Comments 1) - Will Tshipi é Ntle 'Tshipi' accept one of the bids? Who cares? Tshipi belongs to Jupiter and other shareholders, not to RRR 2) - If a bid is accepted. What will be the amount and terms of any bid? Who cares? Tshipi belongs to Jupiter and other shareholders, not to RRR 3) - Glencore bid in staged payments for Rio Tinto's Coal and Allied and lost out for that reason. Who cares? This is RRR not Glencore 4) - If no bid is accepted will 'Tshipi' follow through with their plans to float on the JSE? Who cares? Tshipi belongs to Jupiter and other shareholders, not to RRR 5) - What price will 'Tshipi' eventually IPO on the JSE? This may depend on the prevailing price of Manganese. Also views/estimates on prices going forward, up to 60 years. Who cares? Tshipi belongs to Jupiter and other shareholders, not to RRR 6) - If Jupiter Mines JMS receive a large cash sum for their 49.9% 'Tshipi' interest. How much cash will they payout to the benefit of RRR? No such pay out is guaranteed or even suggested afaik. You're simply speculating. Don't Jupiter have huge projects to fund themselves? 7) - JMS plan to float the company on the ASX. Great. Let's see if they actually do and then see what the actual share price is that people are prepared to pay ! Shares are currently on offer at just AUD 0.35 according to this website: h ttps://primarymarket.worldsecuresystems.com/open-assets-on-offer/global-manganese-producer-existing-shares-multiple-parcels Not quite the value you and the crew have been suggesting for weeks/months. 8) - Will JMS still go ahead and float on the possible outcomes and when? -- 8a - If they receive between US$850 million and US$1.25 billion, will they only pay out part of this money and hold the rest.? How much will they hold on to and future investment plans? Where does it say they will pay out any of it? 9) - There could be a delay before RRR receive a cash payment from JMS. Is any cash payment guaranteed? Nope 10) - If Steelmin repay the loan to RRR everything is fine. They may have difficulty if there are unexpected delays. They may repay in stages. -- 10a - RRR will gain a larger percentage of Steelmin on non-payment. But will leave themselves stretched for cash if monies from JMS are delayed for a long time. Which is why it was a bad deal for shareholders. If money was due from JMS and seriously expected then why borrow $4m from YA now and loan to Steelmin? Can only assume that there are doubts about the JMS pay out. 11) - RRR will receive staged and, likely, increased royalties from El Limon. Royalties received at present are tiny. You can expect/hope all you like about the future but the reality is $5148 per quarter as per the RNS. Meaningless income compared to admin expenses. 12) - RRR will receive US$750k plus interest in April 2018 for the sale of El Limon. Well done for getting this figure correct at last. The cash was part of the original deal 2 years ago. Long since factored into the share price here. 13) - Cash payout expected to JMS from 'Tshipi' - 2.5% interim payout. -- 13a - Sum expected to be distributed to shareholders including RRR, about £230K in September 2017. Can you tell us where the previous £530k went please and what value it added to shareholders? £230k doesn't come anywhere near the yearly admin expenses. 14) - RRR could sell shares and assets in their other holdings. Which shares/assets (that can realistically be sold) do you think have any meaningful value ? 15) - When JMS float RRR could sell shares in the company. Are they likely to sell those shares? What real assets are left if they do sell them? Regardless, the shares are now secured against a $4.4m loan with Yorkville so your speculation is meaningless.
27/6/2017
09:33
atino: [20 June 2017, Blogger] "Red Rock Resources Big News Imminent?" 🤞🤞🤞🤞 It’s nearly 3 months since I last covered Red Rock Resources (LSE:RRR). Since then the share price has nearly doubled from 0.6p to 1.15p last seen. As I explained in the last piece the fundamental reasons for buying Red Rock were pretty obvious and the share price gains haven’t been at all surprising. The market has woken up to the potential here 🤔 and there could well be exciting news flow over the coming days involving the company’s flagship investment in Jupiter Mines. Red Rock owns a 1.2% stake in the unlisted Jupiter Mines. Jupiter owns and operates the Tshipi manganese mine in South Africa. Tshipi is widely regarded as being a genuinely “world class” mining operation. It is already one of the top three global producers of manganese and is the only one of these to have a projected life of mine greater than 100 years. However you look at it, Red Rock’s stake in Jupiter is a fantastic asset for the business to have on its balance sheet. Investors have recently started to get excited about the price discrepancy between the company’s market cap and its 1.2% holding in Jupiter. This has helped drive the share price up, but even at 1.15p per share there could still be plenty of upside on the table. In February Jupiter announced an equal access share buyback of its stock. Rather than pay a dividend, Jupiter sought to buy back up to 6% of its stock for about $55million. Using the maths of this buyback to value Red Rock’s stake in Jupiter, this suggested Red Rock’s holding was worth about £11.65million. Red Rock’s market cap is currently just shy of £5.5million. As positive as this all sounds, the outlook for Red Rock’s Jupiter holding might be even brighter 🤠. It’s been in the public domain for a while that Jupiter’s board has been looking either to re-float the business (it was previously listed on the ASX) or to sell Tshipi. In early May there was press speculation that there might be as many as 10 potential bidders for Tshipi 👍. Over recent days this speculation has intensified and there is a growing expectation that Jupiter is going to make an announcement concerning its plans. Depending on the outcome of this, this could well be a catalyst for further gains in Red Rock’s share price. What lends weight to this speculation is that Jupiter is due to publish its results any day. Last year Jupiter published its Annual Report on 16 June. The year before that Jupiter published its Annual Report on 26 June. It seems a fair bet this year’s numbers will be released very soon. If Jupiter’s results contain any positive surprises or bullish outlook for the business this could trigger a bidding war for Tshipi, either in a scramble to get shares in an IPO or between the 10 supposed bidders for the asset. At 1.15p trading the results might seem risky, but if there is any weakness in the share price over the coming days or if the market sells on news this could present a significant medium term buying opportunity in Red Rock. With such a clear discrepancy between the company’s market cap and its fundamentals a sizeable re-rate is still on the cards, even from the current elevated share price. hxxp://www.valuethemarkets.com/index.php/2017/06/20/red-rock-resources-big-news-imminent/
25/6/2017
22:35
defcon3: If there isn't a sale of Tshipi and we see a delisting, Bell is hoping that value crystallises itself in the Red Rock shareprice (so that he can dilute at a higher price). 'Hoping' being the key takeaway here. There's nothing to guarantee there will be a steep rise in the RRR share price as a result of a relisting
16/6/2017
18:22
researchanalyst1: So, question: How many 'newbies' heeded my advice in my 11:59 (11275 of 11301) post? As predicted, it was a text book operation. And the view for next week with the VO data is incredible! Brace yourselves; the share price is in breakout territory with no resistance in place until 2.33p. HOLD FIRM AND DO NOT MONETISE. With a remarkably tight 'free float', and against the backdrop of unusually strong technical data (VO analysis...), the bulls are firmly in control. And for those who missed my post, here it is again. ................................................................................... researchanalyst1 11:59 (11275 of 11301) As indicated yesterday, the volume oscillator is one of the most effective technical indicators in determining whether a stock is about to break to the upside, or go back down. Price alone does not indicate what will happen next. To this end, volume oscillators have far more signals, patterns, and analysis than overbought/oversold price indicators. It does take more time to learn how to interpret them properly, but it is time well spent. Yesterday, the volume oscillator indicated an impending breakout above the 0.9747 level. Well, today, and as of 20 minutes ago, and against a staggering volume of 13,352,871 (3 X normal trading volume)the VO is pointing to an imminent entry into the 1.57p territory. The churn (buys vs sells...) is extremely healthy but it appears stock supply is tight. This will create a sustained upward pressure on the share price as more investors go long, thereby reducing the free float. Remember, it's only 11:30am and we've hit record volumes already (AND THE SHARE PRICE HAS HELD-UP PRETTY WELL...). So, here's what I think will happen in the next few hours. Market Makers will throw some 'head fakes' to secure much-needed stock. DON'T FALL FOR IT. THERE IS SIGNIFICANT DEMAND FOR THE STOCK. THAT MEANS UPSIDE! DON'T SELL. I saw the same volume patterns on MYSQUAR and advised PIs not to budge at 1.79p. Well, the rest is history as the price touched 4.77p in 48 hrs! Remember, charts don't lie. And for those new to investing, 'head fakes' are used by market makers who place bids and asks in such a way that BUYS appear as SELLS (Red trades...)thereby scaring inexperienced investors into selling since they create a 'fake' trend in the market in order to secure stock in the face of strong demand. The term originates from American Football where a player moves the head to fake a change in direction. So, BEWARE OF THE HEAD FAKES. They used it twice this morning; dropped the price to show the stock at 10.2% up, lured naive investors, secured plenty of stock at a cheap price then released it to its normal trading level(back up at 18%...). So, sit tight and watch the games unfold. You are in a good place before the herd arrives. ...................................................................................
18/5/2017
07:41
researchanalyst1: An incredible recovery play... Credit: KnowledgeBank (LSE) If the stock market was the perfect arbiter of value, then anomalies such as Red Rock Resources (LON:RRR) just wouldn’t occur. The natural resources company, with diverse mining and petroleum assets, sports a current market cap of £3.4m (0.73p) – a gross undervaluation when one takes a closer look at its assets: • Jupiter Mines Ltd investment: Estimated to be worth £8.3m (lower-end valuation). The presence of Andrew Bell (Red Rock’s Chairman) on Jupiter’s board lends support to the adoption of a much more competitive valuation model. • Jupiter Mines second share buyback: Estimated to be worth £550,000. • Shoats Creek oil and gas investment: Estimated to be worth £1.4m (assuming an oil price of $50). The valuation does not include any further new wells or additional reworks that could be drilled within the existing field, and which could total up to 16 over the next few years. • Total value of the Columbia (Four Points Mining) royalty: At current exchange rates, this is estimated to be worth £2.3m ($3m). • Value of the Columbia (Four Points Mining) promissory note: At current exchange rates, this is worth £770,000 ($1m). • Value of the pre-payment (interest) on the Columbia (Four Points Mining) promissory note: At current exchange rates, this is worth £192,790 ($250,000). • Value of Goldstone Resources investment (4,963,966 shares): At the current share price of 1.13p, this is worth £55,844. • Value of Regency Mines investment (1.69m shares): At the current share price of 0.97p, this is worth £16,477. • Value of the Melville Bugt iron ore investment in North Greenland: Estimated to be worth £1.4m (assuming an iron ore price of $67.5/t). The valuation represents 9% of the value Red Rock was offered for its stake of US$20.9m in 2012. • Value of the Migori Gold investment (75% direct interest of a 1.2Moz JORC gold resource): Estimated to be worth £3.1m (assuming a gold price of $1250/ozt). A positive outcome to any judicial review (by the Kenyan Ministry of Mining) and restoration of title over the properties will eliminate the asset’s licence risk. • Value of the Elephant oil investment in Benin: Valued at £0.25m (at cost) whilst the asset remains unexplored. • Value of the Ivory Coast Gold Project: Valued at £0.25m (at cost) whilst the asset remains unexplored. So, have you done the math? Okay, I’ll save you the trouble… £18.5m Remember, that gross valuation is purely an estimate that could move either way, depending on the quality of the newsflow over the medium term. Isdeer, hold your position and keep an eye on the ‘inverted head and shoulders’ pattern forming on the charts alongside the large share purchases (1m plus transactions…) that have been going through over the last 6 weeks. For those new to charting, the ‘inverted head and shoulders’ is a reversal chart pattern. When the pattern has fully formed, it means the prior downtrend is over and an uptrend is underway. More to the point, trading volume in the formation of the left shoulder is often higher than the trading volume witnessed during the formation of the head, confirming that the share price is declining with less intensity as it finds a support level. Thereafter, and as the right shoulder completes, trading volumes will often increase with the resulting share price advancing towards the neckline. The critical buy signal is finally achieved when the share price breaks above the neckline. Isdeer, you’re onto a winner… Red Rock Resources is an incredible recovery play. .
13/12/2015
16:25
rwauu: Wait... Andrew Bell is blaming low RRR share price for low share price???? What??? What kind of logic is this??? So you can run business to the ground and blame low share price for everything??? Ha, but there is a solution- cobsolidation!!!
02/10/2015
09:08
noirua: Trading at just £1m market cap at 0.0175p but trading 0.018p - 0.02p. Discounts everything me thinks but accept AB is the only saviour possibility here - go for it mate!- ride that there Elephant. Obviously AB is not a director of JMS for nothing and trust the mans ability in this dead mining and resource sector. If he can do it when he's almost down, errrr share price why, he will do it now. Like the football team one supports that is bottom of the division, kicking them when down does not improve the situation. http://www.jupitermines.com/ 27.3m shares at 8.1c = A$2.211m or £1.005m
18/5/2015
09:44
soulsauce: rrrRRRrrr by the looks of the RRR share price graph over the last 4yrs it looks as though logic has played out.
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