Red Rock Resources Share Discussion Threads

[martyn9] 04/9/2014 16:00

Agreed on target,and let that "somebody" run the company professionally.

[on target] 04/9/2014 14:13

Better to actually sell it to somebody rather than constantly being in corridors or rooms.

[atinos auntie ettie] 04/9/2014 14:12

Musings on exclusivity periods.

If under such restriction there is but one way forward, think a narrow corridor. If not under restriction more can come in, think large room with lots of exits.

To ponder, better to be stuck in the corridor or free to move around in the room?

[hopeless698] 03/9/2014 13:43

It's Time to sort this share price out, its on the bottom of the floor, maybe you
should all be taking Pay cuts or making redundancies.

I think we've had enough!!!

[hopeless698] 03/9/2014 13:25

Where's the news on Colombia???

[noirua] 03/9/2014 10:05

The Chairman Bell can be a big plus for RRR but has not been able to fully close any deals. Continued cash raising are Mr Bell's lead boots that pin Red Rock to the ground. The market is difficult, however, Lenigas can do it and not Bell it seems, so far.

[atino] 02/9/2014 10:16

{quote] Red Rock Resources (LON:RRR) said the Tshipi Borwa manganese mine in South Africa has performed exceptionally well in the year to date ^__^.


Red Rock's interest in Jupiter is small, but its impact could potentially be quite significant *__^


While Red Rock’s holding in the operation’s 49% owner Jupiter Mines is small at 1.2%, the scale of Tshipi and Jupiter’s other assets are large enough to move the dial for the AIM listed group.

For instance targeted output from Tshipi is 2mln tonnes of manganese this year, scalable to 3.6mln tonnes.

Earnings before tax and depreciation are forecast to more than double to $49mln; meanwhile the value of Jupiter’s share of Tshipi is put at US$429mln (A$460mln).
Jupiter also owns the Mt Mason haematite project in Australia, which is on target for production in June 2017.

Red Rock chairman Andrew Bell said: "Jupiter Mines' Tshipi Borwa mine has performed exceptionally well in a challenging market, exceeding planned production volumes, seizing a substantial share of the Chinese market, and achieving a low cost of production.

“There is scope for further progress, including production expansion at Tshipi, which is proving itself to be a world class mining property.”

Separately, Resource Star, a business in which Red Rock has a 21% direct interest, continues its due diligence on Australian cloud computing service and infrastructure provider Cloud Lands Digital Fortress, the company said.

Meanwhile, on Friday, the company raised £200,000 through a placing of shares at 0.2p a share.

hxxp://www.proactiveinvestors.co.uk/companies/news/71757/red-rock-resources-says-jupiter-mines-performed-exceptionally-71757.html


[Snippet] Red Rock Resources (LON:RRR), meanwhile, said earnings before tax and depreciation are forecast to more than DOUBLE to $49mln at the Tshipi Borwa manganese mine in South Africa; the value of Jupiter’s share of Tshipi is put at US$429mln (A$460mln) ^__^

hxxp://www.proactiveinvestors.co.uk/companies/market_reports/71777/most-followed-armadale-bushveld-condor-edge-forbidden-technologies-fastjet-galasys--0000.html

[now this 'double'...is MUCH BETTER...than the apparent 'double'...of DNI...& that phecking...'Mr Crusty', the clown !:-]]

[atino] 02/9/2014 10:10

[Quote] Red Rock Resources on Monday reported that Jupiter Mines's Tshipi Borwa Manganese mine, in which it holds a 1.2% stake, achieved above-target production of 1.1m tons of manganese in its first year of production.

For the current year, which began at the start of March, 2m tons are projected, with production to mid-August already above 1m tons.

"Recent lower Mn prices were partially compensated for by achieving lower operating costs, which may now be the lowest in the industry at around $2.60 dry metric ton units (DMTU) [...] thus the operations are still profitable even at recent low market prices of $3.30 DMTU."

The operations have a 60-year planned life, low cost, an easily accesible open pit and a rail load-out station that can load a train in four to five hours.

Red Rock Chairman Andrew Bell said: "Jupiter Mines' Tshipi Borwa mine has performed exceptionally well in a challenging market, exceeding planned production volumes, seizing a substantial share of the Chinese market, and achieving a low cost of production.

"There is scope for further progress, including production expansion at Tshipi, which is proving itself to be a world class mining property."

Meanwhile, the group also commented on an announcement from Resource Star, its 20.91%-owned subsidiary, which said it was continuing due diligence on Australian cloud computing service and infrastructure provider, Cloud Lands Digital Fortress, and had announced a general meeting to approve the placement of shares to raise as much as A$452,000.

hxxp://www.redmayne.co.uk/research/newsView.htm?nID=149703

[hopeless698] 02/9/2014 10:09

mmmmmmmmmmmm...things about to happen???

[bam bam rubble] 01/9/2014 15:09

Thanks for the info. Sounds like Jupiter was speaking on behalf of Pallinghurst.

4.5c puts a value on RRRs holding of just £691k

Presumably the neutral/slightly negative view is before taking into account that
RRR omitted the only real news that came out of Jupiter this week; cost overruns

Due to the depressed manganese market/price and to ensure Tshipi can sustain its
capacity and production costs should these conditions last longer, it will spend
another R200m ($18.8m) over the next half year, a capital cost overrun of c.R90m
(p.6 of the presentation)

[noirua] 01/9/2014 14:57

I contacted JMS about five weeks ago and the highest price offered for the shares, in house, was 4.5c.
The output is good but the Manganese price is so low prospects are not improved. The iron ore prospects in WA are a long way ahead and RRR can see both these as locked up.
JMS are unlikely to seek a quotation in the short term.

The ann today was neutral to slightly negative.

[bam bam rubble] 01/9/2014 14:17

Tshipi forecast for FY to Feb 2015: $49m EBITDA based on $4.50/ton

That's taken from these figures from Jupiter's latest presentation;

2M @4.50/t; $310m sales -$261m costs = $49m EBITDA -$18m int/t/D&A = $31m profit

Yet the update today acknowledges recent FOB prices have fallen as low as $3.30..
On that basis the forward sale price needs adjusting down from that lofty $4.50

What would JMS's forecast look like at a more realistic avg. price of say $3.60?
Easy to work out. Sales price -20% lower so just take -20% off forecast revenue;

2M @3.60/t; $248m sales -$261m cost = -$13m EBITDA -$15m int/t/D&A = -$28m loss

[rrrrrrrrr2] 01/9/2014 13:44

Sneaky sneaky sneaky.

[rrrrrrrrr2] 01/9/2014 13:43

Ha ha ha. Bam bam bam. Spill spill spill. I know what your doing.

[soulsauce] 01/9/2014 09:00

Nice update from JMS but meanwhile back at the ranch RRR shareholders continue to get raped by Bell's bad management.

[jimbo55] 01/9/2014 04:01

... and somebody who is invariably going to become less wealthy if they carry on at trading like this...

[bam bam rubble] 31/8/2014 19:21

Today 17:44 d_s_
Why did I increase my RRR holding - to reduce my average as I hate losing money.
Of course I am going to sell my shares at some point. Surely the whole point of
trading is to make a profit? Why I even feel the need to post this is beyond me
and exactly the reason that I closed my old account and the posts were deleted.

Aye deleted, but not without trace.

30 Aug '13 d_s
Had a nice trade on RRR on Friday. Bought £20k at £0.01 sold same day at £0.0108

12 Sep '13 d_s
Bought into RRR in a big way 9,460,000 at 1.12p. Target sell first week Nov 2013

10 Jan '14 d_s
I'm somewhat concerned by the continued decline in share price and lack of news regarding
the disposal of Greenland, should that even be continuing. I'm now contemplating
selling my 17,360,000 shares, which I imagine would drop the price considerably.


A wealthy mug punter then. Initial day trade went well but then got sucked in to
a large holding through unwillingness to take a loss. A weak holder in any case.

[bam bam rubble] 29/8/2014 20:19

Shares issued in the first 8 months of the year: 681,380,901

Set to surpass the previous two years combined (712m shares issued)

[hubs] 29/8/2014 19:03

He's done it to you guys again!
Jeeeez!

[soulsauce] 28/8/2014 18:35

Fanghorn he can't even sell them at a loss to stem dilution - useless!!

[fangorn2] 28/8/2014 15:55

"The only acceptable news would be the actual sale of an asset!!"

At a profit surely :)


Anyone can sell an asset for a loss.

[soulsauce] 28/8/2014 15:47

The only acceptable news would be the actual sale of an asset!!

[jeffguru] 28/8/2014 15:19

Just another few 1000% and I'll be happy!