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 -2.56% 0.95p 0.90p 1.00p 0.95p 0.95p - 0 07:30:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -7.7 -0.3 - 4.52

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Red Rock (RRR) Discussions and Chat

Red Rock (RRR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-06-22 16:28:030.951,367,27013,000.00OK
2017-06-22 15:29:230.95263,0422,499.16O
2017-06-22 15:29:030.96137,1421,316.56O
2017-06-22 15:29:010.96500,0004,800.00O
2017-06-22 15:07:270.96473,4874,545.52O
View all Red Rock trades in real-time

Red Rock (RRR) Top Chat Posts

DateSubject
22/6/2017
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 0.98p.
Red Rock Resources has a 4 week average price of 0.78p and a 12 week average price of 0.53p.
The 1 year high share price is 1.23p 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 5,569,525 shares. The market capitalisation of Red Rock Resources is £4,641,367.97.
21/6/2017
21:26
theklf: With regard to the valuation discussions I think it's quite simple. If the Board give a commitment to pay out say 90% of any future income or capital distribution from Jupiter as a dividend the share price will take care of itself. In the last few months we've been told that RRR is to receive c.£800k from Jupiter A 90% payout ratio would mean a dividend for RRR shareholders of c.£700k Apply normal bond/share yield valuation metrics and if RRR was yielding £700k p.a. the shares would/should be valued at approximately £14m (assuming a 20x rating and 5% yield) or £17.5m (assuming a 25x rating and 4% yield) or £23.3m (assuming a 33.3x rating and 3% yield) So 3-5p a share looks a reasonable valuation in my book
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. ...................................................................................
16/6/2017
11:59
researchanalyst1: 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. .
25/5/2017
22:39
x54v: Pretty close to breaking out on the chart here. So technically looking good. And with so many bidders for Jupiter Mines, the level of competition is undoubtedly going to command a high price. RRRs portion in all likelihood is going to be a multiple of its market cap. So fundamentals very strong too. UVEL a couple of weeks ago shows just what can happen to a share price when news that the incoming cash is a multiple of the current market cap lands. Some will have been lucky and had a position before the news. Many though will have had to pay a much higher price as the share price rocketed higher. RRR is presenting an opportunity here to get in at the lower price. A bit of patience and a multibagger is almost guaranteed. The early bird catches the worm.
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. .
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
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.
Red Rock share price data is direct from the London Stock Exchange
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