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 -2.44% 1.00p 0.95p 1.05p 1.025p 0.975p 1.025p 5,933,318 08:49:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.1 -0.2 - 4.99

Red Rock Share Discussion Threads

Showing 45751 to 45774 of 45775 messages
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DateSubjectAuthorDiscuss
23/1/2018
22:47
Thank you to poster 1q2w3e4r, first to post the news on Hotcopper. 24/01/2018 - AFR News - also from The Australian. Big Six Consider Jupiter Mines Sale for IPO Http://www.afr.com/street-talk/big-six-consider-jupiter-mines-sale-for-ipo-20180122-h0mo85 Https://hotcopper.com.au/threads/tshipi-on-track-for-record-production-and-profit-in-fy2018.3841028/page-56?post_id=30526063#.WmfZIeaWRPY Basically the re-listing of Jupiter Mines rests with the Biggest shareholders who have been asked to sell some shares. The IPO is on track for March. Jupiter is reaching out to the six major shareholders in the next few days after the three lead manager syndicate met on Tuesday 23rd January 2018. The brokers met on visiting Tshipi to undertake the valuation. Jupiter can only go ahead if there are enough sellers on Jupiter's shareholder register. Company is spitting off cash and has no need for financing. The re-listing rests with the big six shareholders to make way for new investors and secure sufficient liquidity to make the listing worthwhile. The challenge may be getting the big shareholders to sell, depending on the valuation that can be achieved, Brian Gilbertson said. The big 6, Pallinghurst, POSCO, AMCI, APG, Investec and Energy and Minerals own 86% of Jupiter. Pallinghurst has elected to let some shares go and the others it is hoped will follow. Gina Rinehart owns about 1 per cent of Jupiter and Red Rock Resources 1.19%. “Every month we are generating about $50m, and half of that goes to Jupiter’s account,” Mr Thapliyal said, “The challenge is how will you price that, because consensus prices (for manganese) are about 50 per cent lower than where the price is right now.” Tshipi is producing about 3.3 million tonnes of manganese a year but has capacity of 3.6 million. Hartleys, Foster Stockbroking and Aitken Murray Capital Partners have been appointed to run the IPO.
noirua
23/1/2018
19:51
Oh Torp - dont ruin Noirua's day with facts - you know how much they hurt him. Seriously though, its sad that a person can be so self delusional. Anyway is it time yet for the daily Cobalt price update :-)
seagullsslimjim
23/1/2018
16:21
Noirua churning out the Mt Ida stuff again, as he has done before. Fully aware that Jupiter put Mt Ida in mothballs back in 2012 for a number of key reasons, including the price of iron ore. You can read about those reasons in this news article: hxxps://www.businessnews.com.au/article/Jupiter-puts-Mount-Ida-in-mothballs and also here: hxxp://www.jupitermines.com/projects/cyip/mount_ida.phtml "Jupiter froze further expenditure on the Project, mainly due to the increasing cost environment indicated by the preliminary estimates of the Mount Ida Feasibility Study. This identified higher capital and operating costs than those contained in the 2011 Scoping Study. In light of these estimates, taken together with the depressed iron ore prices and strong exchange rate environment at the time, the Jupiter Board concluded that it was in the best interest of the Company and its shareholders to freeze expenditure on the project until market conditions improve and uncertainty in delivering key infrastructure to enable the export of magnetite concentrate is removed." Note that term "depressed iron ore prices". At the time Jupiter took the decision to mothball Mt Ida, the iron ore price was I believe around $120. Today the iron ore price is still well below that. Since the project was costed at some $1.6 BILLION to develop it seems (at least to my mind) highly unlikely that Jupiter would want to go spending that kind of money unless and until the iron ore price recovers. On that basis, the ramping of this project by certain unscrupulous posters appears nothing less than desperate. BUt as always DYOR.
torp
23/1/2018
01:08
Tshipi Shareholder Update Video - 23/01/2014 Http://www.jupitermines.com/projects/tshipi/tshipi_update_video.phtml
noirua
23/1/2018
01:05
Shareholder Information Session 22/01/2018 Http://www.jupitermines.com/images/jupiter---aeshaiteix.pdf Note page 15 concerning Mount IDA and Mount Mason , "  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." The figures below use an US$80 per tonne for 62%Fe. At 4 million tonnes per annum benificiated to 68%Fe at Mount Ida the 0.75% royalty is worth an Annual income of US$2.4 million to Red Rock Resources from Mount Ida. At 10 million tonnes per annum the Annual income to Red Rock Resources would be US$6 million per annum ($80 per tonne) - this could be for over 50 years, needs further checking. Jupiter Mining - Mount Ida Magnetic Project Http://www.jupitermines.com/projects/cyip/mount_ida.phtml Jupiter Mines has defined an Inferred Resource over the Central Zone of the Mount Ida Magnetite Project of 1.85 billion tonnes with a head grade (15% Fe cut-off) of 29.48% Fe, 45.88% SiO2, 1.10% Al2O3, 0.074% P, 0.201% S (ASX announcement 8/1/2013). DTR analyses indicate the following grades; 64.20% Fe, 5.61% SiO2, 0.054% Al2O3, 0.013% P, 0.161% S. This estimate is based on drill programmes totalling approximately 11,900m completed between 2008 and 2010. On the 4 September 2012 an increased resource estimate for Mt Ida of 1.23 billion tonnes at 29.79þ was announced, indicating the potential for a robust, long-life operation, which would underpin the Mount Ida Feasibility Study, which was due for completion by Q3 2013. The Study was based on annual production of 10 million tonnes a year of beneficiated magnetite grading +68 per cent Fe. It was also stated that all work streams on the Mount Ida feasibility study were due for completion by December 2012, with the feasibility study to be delivered by Q2 2013. It does looks as if value can now be added to Red Rock Resources' assets with the 0.75% royalty interest on all production fron Mount Ida. Mount Mason looks to be first out of the blocks with high grade iron ore exceeding 62% Fe.
noirua
22/1/2018
17:02
"However, I don't think a resolution has been passed for a buyback, so an EGM would be required or a wait to the next AGM. If there is cash in the bank and an EGM is now announced, it takes the element of surprise away and RRR will probably end up paying more for the shares. However, a EGM, resolution and even a token buy back of share would support the continued upward trend of the share price " Further comment: If RRR does end up "paying more for the shares" that is of course great for me and other shareholders!!
clunes100
22/1/2018
15:37
Looking good boys
nw99
22/1/2018
14:52
I don't think shareholders will get a dividend, a buy back is more likely. However, I don't think a resolution has been passed for a buyback, so an EGM would be required or a wait to the next AGM. If there is cash in the bank and an EGM is now announced, it takes the element of surprise away and RRR will probably end up paying more for the shares. However, a EGM, resolution and even a token buy back of share would support the continued upward trend of the share price My personal preference is for no dividend as using cash this way will edge RRR towards another financial corner and there will be a cost of lost opportunity by giving away cash to shareholders. My preference would be an EGM and resolution (positive PR) followed by a token buyback (more positive PR) whilst hopefully hearing more positive news on other projects which would all help to drive the share price and market cap to a point closer to even the current underlying asset value of RRR.
clunes100
22/1/2018
14:41
when will shareholders get their first dividend ?
seagullsslimjim
22/1/2018
14:27
Steady as she goes.
davenotion
22/1/2018
13:25
1.25 to 1.5 is the target by next week
nw99
22/1/2018
11:57
It is possible that RRR will consider a cash return to shareholders but not as much as is suggested in an article recently. My own guess is he will go for an on-market buy back if the shares remain at such a low price. Why not, if it is one of the best opportunities.
noirua
22/1/2018
09:54
Yep, RRR further de-risked and further evidence of the value of RRR Jupiter shareholding, which once tradeable will be equivalent to cash. It will be interesting to see what Jupiters dividend policy will be post re-listing. Cash and equivalent value by mid March will be at the top of Noirua's 1.75-2.25p range and today's rise shows that the market is waking up to a de-risked RRR with a net asset value more than twice the current market cap and that is without the value of three other projects being attributed any potential value. What I am now really hoping for is news on any of the three projects that will take the share price beyond the current predicted range. I expect continued updates will see a doubling of the current share price by mid March. I know I will be accused of being overly positive but I have called it pretty well on RRR over the last couple of months. DYOR
clunes100
22/1/2018
09:29
*Red Rock Expects To Receive Further GBP364,000 From Jupiter Mines
nw99
22/1/2018
08:50
The question is will Bell take up the offer or not? In theory, if the Stellmin cash comes back, he does not need to take up the offer, on the other hand cash in the bank is King. I suspect he will, as it is better than originally anticipated last year, however, it would have been nicer if the offer price were a bit higher and gave a higher antiicpated value for the whole of Jupiter and therefore RRR holding. If you add the expected Steelmin net cash and return of the El Limon loan, I agree with Noirua, we are well into the 1-75-2.25p share price range immediately.
clunes100
22/1/2018
00:22
Https://intherightvein.com/author/alanpatrickryan/
noirua
21/1/2018
23:05
Do we have 24m of those? Thats £8.4m? Surely I am wrong
keya5000
21/1/2018
22:53
22/01/2018- JUPITER LAUNCHES US$42 MILLION SHARE BUY-BACK Http://www.jupitermines.com/images/jupiter---aijahpaizo.pdf Jupiter Mines Limited (“Jupiter”) is pleased to announce a US$42 million (approx. A$52 million) off-market equal access share buy-back (“Buy-Back”) priced at US$0.35 (approx. A$0.44) per share (“Buy-Back”). The Buy-Back will be for 5.81% of the shares in Jupiter. The Buy-Back Offer will open on Monday, 29 January 2018 to all Shareholders who hold shares as at the Record Date, being 2.00pm WST on Wednesday, 24 January 2018. Participation will be voluntary... -- Tshipi é Ntle (“Tshipi”) Manganese Mining expects its financial year ending February 2018 to close with 3.3 million tonnes of sales and with approximately US$250 million and US$160 million in EBITDA and Net Income respectively. The Board of Tshipi has consequently resolved to distribute ZAR 1.1 billion to its shareholders. The significant increase on the ZAR 600 million distribution flagged on 6 December 2017 is primarily due to the sustained production increase at Tshipi against the backdrop of robust manganese prices. This Tshipi distribution, along with the profits earned by Jupiter’s manganese marketing business, will fund the majority of the Jupiter buy-back.
noirua
21/1/2018
15:17
Goldstone Resources - 19/01/2018 https://uk.advfn.com/stock-market/london/goldstone-resources-GRL/share-news/Goldstone-Resources-Ltd-Potential-to-revitalise-th/76507223 GOLDSTONE RESOURCES Limited GRL - 4,963,986 shares - 4.85% & 3,857,400 GRL warrants with an exercise price of 5p and a life of two years until July 2018. Present value £101K at 2.05p a share. This holding appears to have vanished: Http://www.rrrplc.com
noirua
20/1/2018
17:33
Posts on RRR on 18th Jan at Zac Mir's Trading Cafe Https://twitter.com/ZaksTradersCafe ---
noirua
20/1/2018
13:55
Greatest GOLD RUSH in Human History Begins December 2017 Https://www.youtube.com/watch?v=fKaAl3RryDE Why AB is pushing the Migori Project in Kenya. Published on 2 Jan 2018 Cryptocurrency, Stocks, Gold & Silver: Things To Come In 2018 - Mike Maloney Https://www.youtube.com/watch?v=98eDtY6BqB4
noirua
19/1/2018
22:13
Yes, I too would have expected a rise on Steelmin news, but am happy to wait for what I expect to be a bigger rise once loan is repaid.Jupiter float now looks more certain, but again we may need to wait for it to actually happen before it is reflected in share price It is understandable that trust is low, but those who wait for the event to happen may miss out on the rise.As to the warrants, dilutive yes, but still better than raising cash the Yorkville way. And we may well need it, even though we should be very cash-positive soon. If Kenya comes good re. licences, etc. then this could soak up cash. However we should be able to go it alone on Macalder tailings, or demand better terms in a jv.And I reckon AB has a few more Steelmin-type deals in his back pocket. And on past experience AB won't be slow to 'reinvest'. So don't expect dividends from RRR any time soon.
backmarker
19/1/2018
20:04
The header is being revamped this weekend - apologies for disruption.
noirua
19/1/2018
18:12
Disappointing day today and on small volume, but according to yesterday's RNS, we will not have to wait long for the Steelmin Loan to be repaid - could be just a couple of weeks and RRR will have a significant/perceived risk removed.
clunes100
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