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% 0.70p 0.65p 0.75p 0.725p 0.70p 0.70p 7,958,492 14:46:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -7.7 -0.3 - 3.33

Red Rock Share Discussion Threads

Showing 44401 to 44423 of 44425 messages
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DateSubjectAuthorDiscuss
20/7/2017
10:21
Stronger trading this morning as £4k to £10k buyers move in. Otherwise there is no news unless Pallinghurst Resources, thoughts on, are gathering interest.
noirua
20/7/2017
08:19
PROMISING NEWS..".PALLINHURST ARE RESHUFFLING" ONCE AGAIN 😉 💡[yippee] OFF COMES 'GEMFIELDS' from AIM....AND ON COMES...PALLINGHURST RESOURCES...TO THE "LONDON STOCK EXCHANGE" 🙌🙌🙌 (welcome onboard:-) [Quote] JOHANNESBURG (miningweekly.com) – Owning 100% of Gemfields will allow diversified mining company Pallinghurst to revitalise the coloured gemstones mining and marketing entity and to unlock synergies, Pallinghurst CEO Arne Frandsen said on Wednesday, when the London Stock Exchange aspirant commenced its compulsory take-up of the remaining 7.62 % minority shareholding. “This will in turn strengthen and improve Gemfields' operational and financial position,” Frandsen added in a release to Creamer Media’s Mining Weekly Online. The Johannesburg Stock Exchange-listed Pallinghurst has secured an overwhelming 92.38% acceptance for the acquisition and will be seeking further investment in the operations to secure profitable expansion and growth for Gemfields, the shareholders of which will receive 1.91 Pallinghurst shares for each Gemfields share. 😎😎 Following its restructuring and the acquisition of the emerald and ruby mining company, Pallinghurst will begin preparatory work to obtain a listing on the London Stock Exchange and Gemfields will delist from London’s Aim by month end, on 28 July 2017. 😎😎 Pallinghurst has been a long-term and supportive investor in Gemfields, with the group’s Kagem emerald mine in northern Zambia producing nearly a quarter of the world’s emeralds and its Montepuez ruby mine in northern Mozambique on one of the world’s most significant recently discovered ruby deposits. Pallinghurst’s share price leapt in Johannesburg in May after the company outlined its plans to take Gemfields in-house and convert itself into an operational diversified mining company. Pallinghurst believes that the integration of Gemfields will enable it to perform to full potential, materially improve trading liquidity and promote a re-rating of the enlarged group. hxxp://www.engineeringnews.co.za/article/pallinghurst-setting-out-to-revitalise-gemfields-as-100-owner-2017-07-19/rep_id:4136
atino
19/7/2017
15:26
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
graylyn1
19/7/2017
13:05
1.3 was offer price recently for this share .It's come down a fair bit on Jupiter news hold up yet A.Bell CEO of RRR Invests big time into new steelmin .Has this got news for 2p-4p a share target that was anticipated?
iloveit
19/7/2017
12:55
ALANPATRICKRYAN1, yes, he does have a problem. He doesn't really know any more than the rest of us. JMS have paid out, in 2010/2011, a total of A$345 million on 'Tshipi' - the Aussie Dollar was strong and averaged 95c to the US$1 = US$363 million. The mine is now developed and his thoughts of an offer of US$400m for JMS's stake is only a GUESS. My GUESS is US$850 million to US$1.25 billion for JMS's stake ---- I'm hoping, only a hope, that an announcement will come out about the bids before the JMS AGM at midnight BST on Thursday 27th July.
noirua
19/7/2017
12:17
[Quote, ON JULY 18, 2017 BY ALANPATRICKRYAN1] "So you want to know about Tshipi" Thought you might be interested in a question and answer session I had with a reader regarding Tshipi. The names have been omitted to protect the guilty Question: Just a quick question on the Jupiter mines sale any idea why the bids are so low for an asset throwing off significant cash, a growing production profile and long mine life, are the buyers looking at manganese prices falling, sovereign risk issues, or have i missed something, i would have thought the $750 mil for their 49% holding would have been achievable, but the market seems a mile away.. your thoughts would be interesting. Answer: Before I wade into the Tshipi minefield, I should give you some color. Last week, I suggested that offers for Tshipi were around $400-million 😉, not the $700-million plus being broadcast. I should have explained that the $400-million was for Jupiter’s share 😉, not the entire ownership. I wasn’t clear but that’s my problem. To answer your question, are you kidding about political risk? South Africa is another name for political risk. The country’s president, Jacob Zuma, has given the country away to his cronies. The ANC is in a shambles and greed and fraud are the watchwords on the government. You should google South Africa and the mining charter or read my blog. To say investing in South Africa is sketchy is an understatement. Tshipi is a great low-cost deposit and probably one of the three cheapest manganese mines in the world. So why isn’t it attracting high priced bids? The only real restraint in South African manganese ore production is logistics. The country is practically sitting on manganese. Output could easily double and probably triple. There are lots of new miners lined up to achieve riches. However, all that mine production far outstrips demand and almost all the demand for manganese ore is from China. It also discounts that there are other countries and companies looking to significantly increase ore production. The list is almost limitless. It was different when there were only two South African miners of note, Billiton and Assmang, but the government forced them to give up their reserves. So manganese ore is in a permanent surplus and demand comes from one country. Having a lot of cheap ore reserves only guarantees that you will be still in operation when the price collapses, but little else. With all those reserves, the South Africans don’t even have control over the ore price. hxxps://intherightvein.com
atino
19/7/2017
12:14
Its been years actually...(and we are still waiting!)...for any of RRR's African assets, to really take off & materialise! - First of all, we had that, Chiwefwe (Mkushi, manganese project) and the JV agreement with Chinaman, that flopped....back in 2007 ! - Then back in 2010, we've had that "£10 million" fiasco...with Kansai/MMMC, monies which we never received - however Migori surface grades were encouraging at the time... - Fast forward to 2017 with feasibility studies, JORC etc to aid us along the way about Kenya, and the gold grades amazingly drops ! Open pit castings being spoken of, with the Macalder Tailings being report at 68koz Au @ 1.7g/t - hardly worth the trouble IMO 👎 Furthermore, over the years, it has been riddled with ownership legislation battles... BTW, just to show a reoccurring trend, and managements history in Africa...our current Elephant Oil venture too (another asset in Africa)...has returned NOTHING but peanuts so far! THE ONLY SUCCESSFUL ASSET COMING FROM the AFRICA continent...IS 'THSIPI'...(and that too because RRR did not have any DIRECT INVOLVEMENT in it! i.e it was Jupiter Mines/and the management at Pallinghurst pulling all the strings!) Jest of the story - ANYTHING "RRR DIRECTLY TOUCH" IN AFRICA...management turns it SOUR ! 🤔
atino
19/7/2017
11:31
Https://www.rrrplc.com/projects-and-investments/gold/migori-gold-project/
noirua
19/7/2017
11:05
Hate to break it to you but that gold will never see the light of day except in the hands of dirt poor Artisan miners. Grades are bad. "AB in KENYA, it would be nice to see that 1.2m oz gold coming back to life:-"
affemoose
19/7/2017
09:11
Yes graylyn, i would expect a progess report on Tshipi at the JMS meeting. Will be interesting to here whats happening
laptop15
19/7/2017
09:06
Board meeting at JMS next Friday along with the AGM we may get news on Tshipi?
graylyn1
19/7/2017
08:55
I think just getting the 1.2m oz gold back on the table should give the shares a leg up, with the RRR mkt cap some £3.45m the assets are way ahead of this:-
graylyn1
19/7/2017
00:32
I suspect that AB hopes to flip this Kenya interest for royalties and cash payments. Similar to El Limon. Http://www.jupitermines.com
noirua
18/7/2017
21:53
AB in KENYA, it would be nice to see that 1.2m oz gold coming back to life:- https://twitter.com/armcmb/status/887322007800598528
graylyn1
18/7/2017
15:10
So damn boring this has become.Investors haven't a clue to what's happening with tshipi so how the hell can they think about trading this stock?
iloveit
18/7/2017
10:00
Pallinghurst said it intends to exercise its rights to acquire all remaining Gemfields shares, subject to reaching the requisite threshold. The investment group has also started preparations to obtain its own premium listing on the London Stock Exchange. “With debt levels at Gemfields at an all-time high, the need for conservative financial management is evident. That said, further investments in the operations will be sought to secure profitable expansion and growth as stated in our offer document as we develop Gemfields fully as the De Beers of coloured gemstones,” he continued. Under the new structure, Gilbertson is chairman, Arne Frandsen CEO and Andrew Willis finance director. Gilbertson’s son Sean becomes chief investment officer and Priyank Thapliyal chief operating officer. ---- Some interesting bits from Atino's post that seem to depend on 'Tshipi' and Jupiter. Pallinghurst can hardly float on LSE if Gemfields has such heavy debt. They cant float with uncertainty over 'Tshipi' and further uncertainty at Jupiter Mines. Pallinghurst need the proceeds from 'Tshipi', via Jupiter, to pay down Gemfields' debt.
noirua
18/7/2017
09:06
[Quote] "Pallinghurst listens & acts" - non-executives quit as pay resolution gets nod *__^ But new executives and operating company plan are still not enough for some shareholders Pallinghurst Resources is responding to shareholder dissatisfaction by becoming an operating company, applying for a primary listing on the London Stock Exchange and appointing new executives. Before this week’s annual general meeting, several shareholders expressed concern about Pallinghurst’s prolonged share-price underperformance, particularly compared with management remuneration. The private-equity company with investments in the mining sector is chaired by Brian Gilbertson, who was instrumental in forming BHP Billiton. Shares in Pallinghurst, which has its primary listing in Johannesburg, are 300c. They were listed in 2008 at R10. After making a takeover offer for gemstone miner Gemfields, Pallinghurst now owns almost 90% of the shares. It also has stakes in Sedibelo Platinum and Tshipi Borwa manganese mine. Shareholders were planning to vote against reappointing nonexecutive directors Clive Harris and Stuart Platt-Ransom, but Harris and Platt-Ransom resigned before the meeting. Gilbertson said Pallinghurst’s management held extensive engagements with shareholders ahead of the meeting to vote on the Gemfields offer and at which a new structure and remuneration proposal were also presented and approved. They had not raised concern about remuneration and the first he had heard of discontent was from media reports. Under the new structure, Gilbertson is chairman, Arne Frandsen CEO and Andrew Willis finance director. Gilbertson’s son Sean becomes chief investment officer and Priyank Thapliyal chief operating officer. Pallinghurst would integrate Gemfields with its business to maximise cost savings and develop it, Frandsen said. But some shareholders, speaking on condition of anonymity, said they were not happy with Gilbertson’s new plan as it did not address the nonalignment of management and shareholder interests. James Regout, head of international private equity at Old Mutual Alternative Investments, said it "notes Mr Gilbertson’s statement that he shall ‘seek to engage promptly with those shareholders [who voted against], to establish and address their concerns’. We urge Pallinghurst to indeed engage promptly and not merely by way of ‘keeping shareholders updated on our continued actions’, as Mr Frandsen put it." Regout also said: "Given that shareholders have, after 10 years, nothing to show for their investment, it is well overdue to reassess the direction of the company and probably its management structures. An overall clear alignment between all stakeholders is crucial and reinforces the stakeholder inclusive approach to governance as required through King 4." Pallinghurst said it intends to exercise its rights to acquire all remaining Gemfields shares, subject to reaching the requisite threshold. The investment group has also started preparations to obtain its own premium listing on the London Stock Exchange. “The revitalization of Gemfields’ operations is urgently needed given Gemfields’ tight financial circumstances,” said Pallinghurst CEO Arne Frandsen. “With debt levels at Gemfields at an all-time high, the need for conservative financial management is evident. That said, further investments in the operations will be sought to secure profitable expansion and growth as stated in our offer document as we develop Gemfields fully as the De Beers of coloured gemstones,” he continued. hxxps://www.businesslive.co.za/bd/companies/mining/2017-07-14-pallinghurst-listens-acts/
atino
17/7/2017
13:24
RRR HOLD around 5% of GRL :- https://uk.advfn.com/stock-market/london/goldstone-resources-GRL/share-news/Goldstone-Resources-Ltd-Update-on-Operations/75244681
graylyn1
17/7/2017
10:37
Be nice to 1p plus.
fund1
17/7/2017
09:30
Boy wouldn't it be nice to see 4p+ today.Just have to wait on news from Jupiter as we know .BUYERS at this level whooo!
iloveit
16/7/2017
14:04
Pallinghurst Co-Investors Http://www.pallinghurst.gg/pallinghurst-co-investors Pallinghurst acts as the investment manager to mining focussed investment vehicles of major institutions known as the Pallinghurst Co-Investors. The Pallinghurst Co-Investors collectively will usually have the ability to control all of the investments in the Investment Portfolio and cooperate to achieve the strategic objectives. Pallinghurst takes an active part in the management and strategic direction of each investment. The Pallinghurst Co-Investors typically share the same commercial and strategic objectives and cooperate effectively although each Pallinghurst Co-Investor retains legal title and influence over their individual shareholdings. --- Http://www.jupitermines.com/
noirua
16/7/2017
12:24
I agree... With potential sale of jupiter this year as per one of the above posts. This could be a massive turn around for rrr. DYOR
hopeless698
15/7/2017
22:44
RRR MKT CAP just £3.45m Food for thought! Taken from half year accounts (Unaudited) The published profit for the six month period was £147,662 compared with a loss of £22,025 for the six months to 31st December 2015. Of greater significance, the total comprehensive profit for the period rose to £7,114,520 against a loss of £109,477 in the comparable period of the previous year. This reflected principally a £6,927,699 partial reversal of prior year impairments in the value of our 1.2% holding in Jupiter Mines Ltd ("Jupiter") which also impacted positively on shareholders' total equity which rose to £16,026,755 from £8,627,235 at 30th June 2016. The reduction in our cost base saw a 39.1% year-on-year reduction in administrative costs for the half year against the year-before period, after a 24.4% year-on-year reduction in the year to June 2016, Better manganese prices allowed the Tshipi é Ntle mine in the Northern Cape province of South Africa to announce in November 2016 a planned distribution to its shareholders equivalent to over half their capital investment in developing the mine. The 49.9% joint venture shareholder, Jupiter, in turn made a distribution to its shareholders: our share of that, US$655,784.80 (approximately £530,700), we received after the period-end in March 2017. A further distribution is expected this year. The distribution was carried out by means of an "equal access buyback" at US$0.40 per share for 6% of the Jupiter shares held by each shareholder, and received 98.01% acceptance. At the 40c price, the value of our holding would be US$10.93m (or approximately £8.85m), and we would hope for (but might not achieve) an equal or higher price-equivalent in a liquidity event for the remainder of our holding, which is anticipated for later this year. Jupiter has since appointed Bank of America Merrill Lynch to progress options for realising shareholder value in 2017: this may include a relisting, or a listing or sale of Tshipi é Ntle. In our current financial year we have received three royalty payments amounting to US$26,607.16 from El Limón, covering the period to end-December, and hope to get one more, at a considerably higher level, as well as a US$50,000 interest payment, before our books close on 30th June 2017. After c1410 oz of gold production in calendar 2016, the operators forecast a level of production nearly ten times higher in 2017, with a 70%-plus further increase in 2018, so that we look to a substantial increase in our revenues from this source. Apart from these three revenue and cash flow-producing interests, and some minor ones, the Company retains some exploration interests and assets in Kenya, Ivory Coast and elsewhere. In Kenya, the company is pursuing an action for judicial review on behalf of itself and its local partner, and until that is resolved is restricted in its activities. This is a matter we shall give renewed attention.
graylyn1
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