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
  -0.025p -3.85% 0.625p 0.60p 0.65p 0.65p 0.625p 0.65p 5,264,520.00 12:54:48
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -7.7 -0.3 - 2.92

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Trade Time Trade Price Trade Size Trade Value Trade Type
14:17:530.631,000,0006,255.00O
14:00:430.63500,0003,150.00O
13:13:020.62500,0003,100.00O
11:54:230.631,000,0006,310.00O
11:50:350.651,000,0006,450.00O
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Red Rock (RRR) Top Chat Posts

DateSubject
27/3/2017
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 0.65p.
Red Rock Resources has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 467,325,740 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Red Rock Resources is £2,920,785.88.
23/2/2017
14:40
graylyn1: The recent Jupiter Mines buy back of 6% of the issued shares gives a value of 53c per JMS share after the payout, which is almost due that values RRR`s 27m shares in JMS at some £9m. However, JMS are either going to sell their stake in the Tshipi mine, or and re-list JMS on the ASX and one would hope that knowing how good Brian Gilbertson is at corporate events we will not have long to wait! If JMS gets as far as re listing on the ASX it would be hoped that the share price could be around $1 per share, as Tshipi are ramping up production further this year to 3m tonnes. At current levels Tshipi are a GIANT cash machine! A World class asset and very sort after by those larger players in the Manganese market that wish to dominate, so this could get very exciting. So, the valuation of £15 to £20m comes from JMS @ around $1 per share (If they get as far as relisting) AND don’t forget ALL the IRON ORE! This is starting to attract value, and is being considered for start up, RRR have a production royalty, (1.5% I think) Meanwhile the payment to Red Rock will be around £530,000 due any time soon from JMS yet the current mkt cap of RRR is only just over £3million, even If you dislike RRR, and give no value to any other holdings they have “do your selves a favour” check out JMS, Tshipi, and Brian Gilbertson. An event is going to take place, value is on the table. DYOR
23/1/2017
10:09
jdsdps: When will the market get it? If you look at the Jupiter presentation for the valuation of Tshipi(see below) If you take the mid price that’s about $2500m so RRR 1.2% is $30m that’s a share price of over 5p for just the Jupiter shares. So Jupiter are also reviewing restarting Mount Ida. That is worth a lot to RRR because of the .75% royalty and the balance that would be due from Anglo for the .75% already sold. That must be worth 15m+. All in all the Jupiter assets and royalty could be worth 7 to 8p a share. Not sure when the market will revalue RRR but it will. From the Jupiter meeting a valuation at the different exchange rates and sale price. Tshipi – Valuation US$m - 100% Metal price - US$/dmtu 4.00 5.00 6.00 7.00 Exchange rate - ZAR/US$ 12.00 1,085 1,804 2,540 3,277 13.00 1,286 2,060 2,843 3,625 14.00 1,488 2,316 3,145 3,974 15.00 1,698 2,573 3,448 4,323 Mount Ida & Mount Mason Iron Ore Projects - Update  The iron ore price has somewhat recovered from the lows recorded at the end of the 2015 year. The favourable iron ore price and exchange rates means a review of these projects is warranted.  Iron ore exporters at Western Australian ports are running low on ore.  Mt Mason and Mt Ida can provide immediate production and long term resources. Source
16/1/2017
11:01
mostyn: Directors don't set option prices to be hard on themselves, so they must have a very reasonable expectation that these prices can be substantially exceeded. We should have a better idea of what RRR is worth, in the short term, when Jupiter hold their meeting on January 23rd to discuss the share buy back, and the strategy for the company going forward. This should give a valuation for RRR well in excess of the current share price. Anyway we will see soon enough whether or not that's correct.
10/1/2017
12:29
atino: [Quote 4/1/17] "Surge in manganese price boosts Pallinghurst" Pallinghurst Resources gained 11.9 percent on the JSE last month after the company announced it had benefited from a strong surge in manganese prices last year. Although Pallinghurst’s share price remained flat for the better part of Tuesday on the JSE at R4.70 per share, the price has been positive since the beginning of last month and moved from R4.20 per share to R4.70 a share levels. Despite the continuing growth trends, the company’s share price is way off from its record high of R5.40 per share recorded in November 2015. Pallinghurst has been boosted by its subsidiary Tshipi é Ntle Manganese ­Mining (Tshipi). Tshipi’s successful production ramp-up and the strong market environment in manganese prices during the year improved dramatically. The price of manganese increased from less than $1.50 (R21) per dry metric ton unit (DMTU) in January last year to recent prices of more than $7 per DMTU. This represents a five-fold increase. The company said Tshipi’s optimisation of its cost base had also contributed to its expectation of record profits during its financial year ending February 28. Undervalued An independent trader, who did not want to be named, said Pallinghurst benefited from “a strong uptick in the ­manganese prices in 2016 as well as a weakened South African currency”. The company said its net asset value per share was R5.62 as at the end of June. The trader believed the company was still undervalued at R4.70 per share, based on yesterday’s price. Pallinghurst has a primary listing on the JSE and a secondary listing on the Bermuda Stock Exchange. As a result of anticipated growth in profits, Tshipi aimed to distribute about R1 billion to its shareholders, Jupiter Mines, a 49.9 percent shareholder in Tshipi. In return Pallinghurst, an 18.45 percent shareholder in Jupiter, expects to receive R140 million at the end of March. The group said the above distributions were subject to there being no material ­adverse change in market ­conditions. hxxp://www.iol.co.za/business-report/companies/surge-in-manganese-price-boosts-pallinghurst-7325346
19/12/2016
13:04
atino: hmmmmm.... "Something’s cooking at South32" *__^ Expect to hear more about South32 (AU:S32) over the next few weeks as the BHP Billiton (AU:BHP) spin-off lifts its profile by hosting an investment analyst tour of its South Africa operations, and a former South African-born chief executive of BHP Billiton, Brian Gilbertson, raises his profile. Several dots needed to be connected but the recent sharp increase in prices for the minerals used in the steel-making process have revitalised South32 and the private company led by Gilbertson, Jupiter Mines. Like South32, Jupiter mines manganese in South Africa, which will be one of the hot topics among analysts touring the country’s minefields, taking in coal and aluminium as well. But there is a lot more happening in the background that could trigger a significant asset shuffle, with South32 and its growing cash pile the catalyst for change. The sequence of events, in rough chronological order, looks like this: South32, once seen by investors as a dumping ground for discarded BHP Billiton assets, has outperformed its parent on the stock market and this week hit an all-time share price high on the ASX of A$2.89 (US$2.15), a 230% increase in 10 months Manganese, which South32 mines at its part-owned Wessels and Mamatwan mines, has been a driver of the company’s performance with the steel-strengthening mineral this week reaching an eight-year price high of US $7.30 per dry tonne unit Gilbertson, silent in the public arena for much of the past three years since delisting Jupiter from the ASX, made a surprise return to the headlines with a story in The Australian newspaper headed: “Jupiter Mines on track for return to ASX” In that story was an interesting sentence in which Gilbertson was quoted as saying that Jupiter was “fielding bids” for its part-owned Tshipi manganese mine, which is adjacent to South32’s Mamatwan "Unknown, but significant, is whether Kerr would try and do two deals at the same time" South32 is seeking more acquisitions having just made its first three weeks ago, the Metropolitan coal mine from troubled US miner, Peabody Energy, in the Australia Graham Kerr, chief executive of South32, told London’s Financial Times newspaper earlier this week that he was on the hunt for more coal deals with a particular interest in coking coal, and Wesfarmers, an Australian retail to mining conglomerate, is looking for buyers of its coal assets, which include the high-quality Queensland coking coal mine, Curragh. There is a lot happening in those dot-points and not all of them will connected comfortably, but an obvious conclusion is that higher commodity prices have ignited an appetite for mergers and acquisitions, as well as shifting Gilbertson back into the public eye. Whether Gilbertson is a buyer or seller of assets via Jupiter Mines is probably irrelevant to considering the possibilities with flexibility a hallmark of his style, which is focused on generating the best possible financial return. In his interview with The Australian newspaper Gilbertson said he had taken Jupiter off the ASX because it was not being fully valued while the Tshipi mine was in its development phase. “With the mine now well established, and the manganese market robust, shareholder patience is being rewarded,” he said. The reward is in the form of a US$55 million distribution to shareholders through a share buy-back, with more cash forecast to come in the future. Marrying Tshipi and Mamatwan could be achieved relatively simply, a point noted by the investment bank, Morgan Stanley, which said in a note to clients that elevated manganese prices were likely to have South32 “assessing options to capitalise on the opportunity”. If a manganese deal in South Africa doesn’t catch Kerr’s eye, there is a much easier deal closer to home, the purchase of the Wesfarmers coal division. Travel will not be a problem for South32 or Wesfarmers because their Perth offices are within easy walking distance – with quite a few pleasant coffee shops and a few restaurants in between. With Wesfarmers a willing seller as it concentrates on its under-pressure retail operations, and South32 floating in a sea of cash and with no debt all that’s needed is for agreement on a price. The same could be said of a manganese deal in South Africa with South32 a potential buyer, at the right price, or a seller if that’s the best outcome. Unknown, but significant, is whether Kerr would try and do two deals at the same time, or whether he sees a couple of options as a useful bargaining point when it comes to price. If, for example, Gilbertson has a very high price in mind for Tshipi and can bring his joint venture partners to agree (they are a black economic empowerment group and Singapore-based OM Holdings) then Kerr can fall back on a coal deal with Wesfarmers – or the other way round. All that outside investors and other observers need to consider is that higher metal prices triggered in part by the prospect of a revitalised US economy under the next president, Donald Trump, has changed the nature of the mining industry. Deals once considered too difficult, or priced too low, are back on the table with Kerr and Gilbertson among the first to take a seat at the table. Let the bargaining begin! hxxp://www.mining-journal.com/financeinvestment/companies/somethings-cooking-at-south32/
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.
17/3/2015
21:55
wilburylover1: Anyone,Once the Colombia sale has gone through where do you reckon RRR share price will end up or will it end up doing what normally happens people buy on news and then sell and back to where we are.
10/12/2014
16:32
bam bam rubble: Newsletter was spot on that a delay on Colombia would take 0.02p off the price. Looking forward to the twitter post from armcb: "I called RRR share price drop"
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