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 Shares Traded Last Trade
  +0.00p +0.00% 0.80p 0 05:30:35
Bid Price Offer Price High Price Low Price Open Price
0.75p 0.85p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.11 -0.24 4.3

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DateSubject
23/9/2018
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 0.80p.
Red Rock Resources has a 4 week average price of 0.76p and a 12 week average price of 0.73p.
The 1 year high share price is 42.88p while the 1 year low share price is currently 0.55p.
There are currently 536,012,471 shares in issue and the average daily traded volume is 1,597,115 shares. The market capitalisation of Red Rock Resources is £4,288,099.77.
24/8/2018
18:11
clunes100: Assets still far exceed market cap, even with the warrants. DS may have got fed up, may have sold his holding for any number of reasons, perhaps he needs the cash, has a big expense coming up, wants to crystalise a loss before getting back in or has simply seen an investment opportunity somewhere else. DS has sold whilst the biggest private investors have increased. I wish I had apportioned my holdings slightly differently over the past few weeks for some serious gains but am with RRR for the medium term as the Market cap is well underpinned by the assets and if one of the metal recovery projects comes off and or JMS shares rise to a level commensurate with their dividend, a 50-100% rise here is quite possible which would still only value the company at around £6-8m, easily achievable and perhaps much more. The warrants will continue to put the dampener on things for a while yet but if exercised bring cash with them which allows room to maneuver. Currently, If we said cash 3.5m, JMS 3.8, Steelmin 1 and others El.L/Para/RGM/Iron/JMS dividend at 1.2 that is £9.5m. Another 2.5m if all warrants exercised. If you said the following was conservatively possible: JMS 8, Steelmin 4, cash 3.5, others 2, warrants 2.5 and one of the african projects 5 that is £25m. If you get really over excited and everything was wonderful in RRR land then cash 3.9, JMS 10, Steelmin 7, warrants 2.5, other 3, both affican projects £20 less 5 to get things rolling, then the total would be £41.4m. A share price of 4.5p with 910m shares in issue. Now you may think some of these figures are fanciful but consider for a moment Steelmin gets the second furnace in action and makes a profit of US$10m a year and is floated on the stockmarket, at a 15% return that would value Steelmin at US$66.66m or £52m and RRR 22% would be worth £11.45m. A 10% return would be £17m. Or take JMS, roughly a 7% dividend would generally be considered high, but that is a third of the current expected yield, so triple the 35c share price and that is around £11.5m to RRR. So any and all of the above figures are clearly possible, it is just a matter of how many Bell can pull off and when. Anyway that is why I am still in RRR and I have to say that Bell has delivered over the last 12 months what was in his control (e.g. the JMS share price is out of his control) albeit a little later than expectation. At 0.8p only a major sell off by one or more shareholders will temporarily see a share price below this level as the assets more than support the current sp, so hopefully only upside from here - eventually. How about some good news Mr Bell?
14/8/2018
11:11
graylyn1: Well Steelmin are hopefully still producing (be great to see some numbers when they can) JMS look VERY interesting with the HUGE divi yield (to be announced soon?) Kenya we await with baited breath, that could add a LOT of value back to the share price. Colombia, lets hope they are at 200tpd now with high quality ore! so we see increased income from them. DRC been around 12 months DD surly the RRR share price is just waiting to EXPLODE...…230;……………….
26/7/2018
11:33
torp: new_scally - "If it was struggling there would be lots of shares offered" Well perhaps the markets don't believe the overhyped share price from the IPO (40c). The clever share buy-back exercises set the idea in people's minds that the shares were worth a certain amount even though the buy-backs were a tiny % of the overall shares in issue (e.g. 6%). Happy to say I didn't fall for that. So what you have now are a bunch of long term holders who didn't sell on the relisting and who are happy to see their share share price sitting much higher than when the company was delisted and who will probably just sit there to see what happens. Then you have the poor saps who bought all the IPO hype and bought in at 40c and above who have watched the share price drop to as low as 35c. They will just be sat hoping for the share price to rise above 40c again which of course may never come. Given Jupiter have no plans to bring Mt Mason and Mt Ida out of mothballs there's little incentive for new buyers imho. It's going to be a very slow stagnant share as Tshipi just keeps producing the material. Fluctuations in manganese prices will be the factor that occasionally changes the share price Various articles (e.g. Citi) predicted that manganese prices would fall towards the latter part of 2018, by up to 30% if I remember correctly. new_scally - "RRR problem is keeping hold of them, they started off with 60m and now only have around 18m." Actually there were at least 74m of them a few years back and they were worth over £25m at one point (55c a share), but sadly AB failed to sell them all at those excellent prices and instead sat on them whilst the JMS share price tanked and then sold over 40m of them for a pittance of just 7c a share. Awful handling of a shareholder investment imho. AB's seat on the Jupiter board for me, creates a conflict of interest.
21/6/2018
15:21
noirua: Unfortunately the Migori Gold factor has dealt the RRR share price a blow in the form of doubt on the one hand and the possible cost factor that could become a débâclé. [​IMG] Download (147 KB) Https://hotcopper.com.au/threads/ann-jupiter-flags-prospect-of-a-healthy-h1-2019-distribution.4250539/page-22?post_id=33888711#.WyywBhdEpPY
23/4/2018
09:34
torp: JMS damp squib is no surprise at all imho. Hyped up by the usual suspects, you'd have been a fool imho to believe their cherry picked sound bites and nonsense MCAP valuations imho. Jupiter didn't simply hand out cash to their shareholders last year. All the distributions were done as equal access share buy backs. One might wonder why they did that instead of just paying a straight dividend. Other posters have suggested it was for tax reasons. I don't personally buy that. I tend to hold the personal opinion that after 3 years of being delisted with the share price around 7c to 10c just beforehand, Jupiter were keen to establish a new share price value in people's minds. The buy backs were presented as X amount of cash distributed at Y cents per share. That exercise let them set a share value in people's minds. For example their RNS of Jan 2017 had the headline: "JUPITER PRICES ITS BUY-BACK AT US$0.40 PER SHARE" Nice of them to value/price their own share price !! Wouldn't it be great if RRR could set its own share price too?! If Jupiter had just handed cash directly out to shareholders without all this buy back razzamatazz then people wouldn't have had an share price valuation spoonfed to them. So for example, last Mar they distributed $55m in cash. There were approx 2.2 billion shares in issue. So they could have simply paid $0.025 per share held, to shareholders. Simple. Job done. Instead they did it via a share buy back of 6% of the issue. So now that same distribution of cash becomes $55m divided amongst 137m shares (6% of 2.2 bn) which equates to around US $0.40 a share. The same $55m cash is distributed but now it is presented in an entirely different way, a way which plants the seed in people's mind that the shares are worth US $0.40. Except that the reality was that it only applied to 6% of the issue not 100%. Frankly I was never convinced by this whole exercise and presentation method. (NB: In the event there was only a 98% take up so actually it was $53.6m with 134m shares bought back) What we are seeing now imho is the result of over valuing a share price. As far as I can see the markets appear to be unimpressed. The Jupiter trading volume has completely died off since the IPO and the JMS share price is now falling, currently it is AUD 0.385. All this was very predictable imho. It was hardly surprising that the volume on Day 1 was high, some 54m traded which was presumably lots of former share holders quickly selling now that their shares were suddenly in a liquid market and one that, imho, greatly over valued the shares. They made hay whilst the sun was shining imho. The volume has drastically disappeared since that first day. 54m traded went to 12m then to 8.7m and now to 5.3m. The JMS share price is now below the IPO price and it wouldn't surprise me at all if it dropped down to AUD $0.30 levels. As I also predicted, resident ramper Clunes failed to make the same comment he made last week now that the JMS share price has dropped. When the share price rose to 41.5c last week he said: "RRR's holding in JMS increased in value by £150,000 today which is just under 3% of RRR's market cap" Now that the JMS share price has dropped to AUD 0.385 I guess RRR's shares have now LOST £150,000 of value since the IPO. But of course Clunes neglects to mention this. All imho and always DYOR.
01/1/2018
15:21
clunes100: Noirua, interesting post and a higher valuation than I had accounted for in my calculations. Based on your valuation, RRR's cash position could look very interesting very soon, a market cap of £4.47m will be surpassed by potential cash in the bank. The surplus from the Steelmin loan, a dividend from Jupiter in the interim(higher production and prices might make a positive difference), El Limon loan repayment and hopefully better royalties and then the big one is the Jupiter listing which will be a cashable asset. But also consider the possibility that when Jupiter lists, there will be no liquidity unless some of the current shareholders give up some of their shares for cash, this might be anything from 10-40%. Add all this up and it certainly exceeds £4.5m net of any debt, plus of course RRR's other assets. Realistically, cashable assets at 3 times current market cap which would equate to 2.7p. If the share price does not rise once RRR's assets become effectively cash, then as you say, RRR will be taken out. But for me the refinancing of Steelmin will be a key point in time as it removes a debt from RRR's books, risk and perceived uncertainty which should allow the market to better reflect the value of RRR in the share price. 20 odd % of Steelmin as a producing asset will also be worth something, but this is difficult to calculate until we get some tangible figures. It will also depend on whether RRR has to invest in Steelmin to take it forward, so it could be profitable but not generating free cash. However, RRR's 20 odd % share of a producing asset should be worth at least several million and regular dividends. If the share price does approach any where near such a figure, then there will be some dilution as warrants are cashed in but the cash position on the balance sheet will be enhanced by exercise values of the warrants, mitigating a fair percentage of the dilution (another poster might want to work this out). All of the above explains why investors including PG were queuing up to pay higher prices than the then share price but with the warrants attached. I don't have the knowledge to put precise figures forward but would be interested in any views and figures that others would like to put forward. DYOR but it does seem that my early posts are not as far out as some other posters claimed.
17/12/2017
02:21
noirua: On all asset sales it's best to look at the price gained compared to the share price at time of purchase and sale. A share stands at 10p and an asset is purchased for £10 million. If the share price falls by 90% to 1p and the same asset is sold for £5million, 50% of cost, that by percentages is a good deal. [ Just for instance, not RRR] Shareholders at 10p will be disgruntled, tough fortune it happens. A new investor would be happy to see that cash due to arrive even if it's over several years. If my memory serves me right and taking into account placings and consolidations the RRR share price has fallen about 99.8%, or about that figure. That is of course from the high point that lasted one day and was part of a very short term super spike. I lost about £3K to £4K many years back but became interested again at 0.4p about the same time MTR did. Fortunately the rise to 0.8p gives a paper profit well over £4K. Sometimes it's best to just lick these wounds and not become bitter and rub salt into them. The mining decline from late 2009 to 2015 was the worst in living memory. Most small micro cap miners vanished with many micro caps, small caps and mid caps. RRR should have gone the way of the others but somehow is still here and now with three or four good to excellent holdings.
30/10/2017
15:42
graylyn1: Red Rock Resources, a contrarian play! At 3oth OCT2017 share price 0.62p to buy mkt cap £2.7m Red Rock is a natural resource development company listed on the AIM market in London (AIM: RRR). Shares in issue 476,037,740 Ordinary Shares Options/warrants hTTps://www.rrrplc.com/investors/shareholder-information/overview/ Interim report hTTps://www.rrrplc.com/wp-content/uploads/2017/08/RRR-Dec2016-Interims-Final-Website-Version.pdf Apr 2017 UK Investor Show 2017 hTTps://www.rrrplc.com/wp-content/uploads/2017/04/April_-RRR-PPT_FINAL-1.pdf Steel Feed Red Rock has Investments in a Producing Manganese Asset in South Africa and a Ferrosilicon Smelter in Bosnia Gold The Company has exposure to gold production in Colombia as well as gold exploration in Kenya, Ivory Coast and Ghana. Oil and Gas Red Rock has producing oil and gas investments in the United States and interests in petroleum exploration onshore in Benin. Multi Commodity Through its investments Red Rock offers exposure to a wide variety of commodities including metallurgical coal, nickel and nickel processing technology, as well as coal bed methane. El Limon bullet points. RRR: Ongoing Disposal Gold Assets sold in 2015 for $5M USD1M Promissory Note ($250,000 paid $750,000 due 1st April 18) USD3M Royalty Still to be Paid 2017 Production Expected to be 15,000oz Long Term Goal of 25,000oz per Year Jupiter Mines bullet points. RRR: 1.26% Manganese production in South Africa Production of 2MT Targeting 3MT in FY2018 Announced distribution of USD55M to shareholders RRR HOLDS 27.3M Shares Funds from JMS buy back $530,000 received + $300,000 due November Stake in JMS could be worth £5m+++ as they hold a 49.9% stake in Tshipi Manganese mine in S.A. which is in the process of realising shareholder value, also JMS are considering re-listing on the ASX ( RRR hold 27.3m shares in JMS 1.2% ) JMS Highlights Planned distribution of US$55m to shareholders in Q1 2017 Tshipi, South Africa 49.9% ownership of open-pit manganese mine Started production early 2013 Production increased to 2MT+ One of the world’s largest Mn mines Strong manganese prices Mount Mason, Western Australia DSO project On care and maintenance Mt Ida, Western Australia Magnetite project JORC inferred resource of 1.85bn tonnes at 29.48% Fe On care and maintenance Steelmin (Ferrosilicon Smelter in Bosnia) owes RRR EUR3,874,560 8 Month secured loan note, check out details below. (an income is expected from this investment in 2018 ) hTTps://uk.advfn.com/stock-market/london/red-rock-RRR/share-news/Red-Rock-Resources-plc-Acquisition-of-Interest-in/75098757 So far RRR has 18% of Steelmin, (UP TO OCT) and this will increase each month @ around 1% per month until the loan is re-paid to RRR. (up to max 30% ) Steelmin are expected to go into production this December and re-finance which should enable them to then clear the loan to RRR EARLY who in turn can then repay their lenders (RRR AT PRESENT HOLD 18% OF STEELMIN for VERY little money) it is assumed RRR have so far made two repayments on the loan, which is secured on JMS stock. Steelmin Ltd. Bullet points. RRR 16% Stake - May Increase Up to 30% Initial FeSi Production Targeted for Q1 2018 Two Electric Arc Furnaces Onsite Complex Capacity of 48,720t of FeSi and 9,700t of Microsillica Projects €35m Rev and €7m EBITDA Near-Term Production in Familiar Steel Feed Space VERY CLOSE TO PRODUCTION Migori Gold Project bullet points. RRR: 75% Project Interest 1.2Moz gold JORC Resource Kenyan Greenstone Belt Working with Kenyan Ministry of Mining on Licensing Issues Exploring Partnership Opportunities UNDER REVIEW Ivory Coast Gold Project bullet points RRR: 100% Early Stage Gold Exploration Underexplored With Significant Potenital Birimian Greenstone Belt On the back burner at present Shoats Creek bullet points RRR: 20% Working Interest Interest in 1 x New Well + Several Reentries Located in Beauregard Parish, Louisiana, USA Targeting Lower Frio Sands Low Cost Onshore Vertical Wells Partnered with Mayan Energy (AIM:MYN) and Gulf Coast Western Operator MAYAN ENERGY. This project may be sold on??? Elephant Oil Ltd bullet points RRR: 4.64% Interest Onshore Oil Exploration – Benin Underexplored West African Transform Margin Large Analogous Fields Offshore - Onshore Accumulation Likely Strategy to Seek Large Early Stage Exploration Uplift On the back burner at present. Regency Mines bullet points RRR: 1.69m Shares Multi-Project Natural Resource Developer Listed in London on AIM: RGM Traditional Focus on Base Metal Exploration Expanding Into Metallurgical Coal Production Held for re-sale at some point NEW PROJECT FOR COPPER & COBALT THIS COULDBE MASSIVE!! Red Rock Resources plc Conditional JV to develop cobalt/copper tailings hTTps://uk.advfn.com/stock-market/london/red-rock-RRR/share-news/Red-Rock-Resources-plc-Conditional-JV-to-develop-c/75724787 Update on the JV Red Rock Resources plc Due Diligence Process on Potential JV hTTps://uk.advfn.com/stock-market/london/red-rock-RRR/share-news/Red-Rock-Resources-plc-Due-Diligence-Process-on-Po/75888710 I HOLD SHARES IN THIS COMPANY. DYOR.
07/7/2017
16:53
torp: Dear oh dear Noirua !!! Comments 1) - Will Tshipi é Ntle 'Tshipi' accept one of the bids? Who cares? Tshipi belongs to Jupiter and other shareholders, not to RRR 2) - If a bid is accepted. What will be the amount and terms of any bid? Who cares? Tshipi belongs to Jupiter and other shareholders, not to RRR 3) - Glencore bid in staged payments for Rio Tinto's Coal and Allied and lost out for that reason. Who cares? This is RRR not Glencore 4) - If no bid is accepted will 'Tshipi' follow through with their plans to float on the JSE? Who cares? Tshipi belongs to Jupiter and other shareholders, not to RRR 5) - What price will 'Tshipi' eventually IPO on the JSE? This may depend on the prevailing price of Manganese. Also views/estimates on prices going forward, up to 60 years. Who cares? Tshipi belongs to Jupiter and other shareholders, not to RRR 6) - If Jupiter Mines JMS receive a large cash sum for their 49.9% 'Tshipi' interest. How much cash will they payout to the benefit of RRR? No such pay out is guaranteed or even suggested afaik. You're simply speculating. Don't Jupiter have huge projects to fund themselves? 7) - JMS plan to float the company on the ASX. Great. Let's see if they actually do and then see what the actual share price is that people are prepared to pay ! Shares are currently on offer at just AUD 0.35 according to this website: h ttps://primarymarket.worldsecuresystems.com/open-assets-on-offer/global-manganese-producer-existing-shares-multiple-parcels Not quite the value you and the crew have been suggesting for weeks/months. 8) - Will JMS still go ahead and float on the possible outcomes and when? -- 8a - If they receive between US$850 million and US$1.25 billion, will they only pay out part of this money and hold the rest.? How much will they hold on to and future investment plans? Where does it say they will pay out any of it? 9) - There could be a delay before RRR receive a cash payment from JMS. Is any cash payment guaranteed? Nope 10) - If Steelmin repay the loan to RRR everything is fine. They may have difficulty if there are unexpected delays. They may repay in stages. -- 10a - RRR will gain a larger percentage of Steelmin on non-payment. But will leave themselves stretched for cash if monies from JMS are delayed for a long time. Which is why it was a bad deal for shareholders. If money was due from JMS and seriously expected then why borrow $4m from YA now and loan to Steelmin? Can only assume that there are doubts about the JMS pay out. 11) - RRR will receive staged and, likely, increased royalties from El Limon. Royalties received at present are tiny. You can expect/hope all you like about the future but the reality is $5148 per quarter as per the RNS. Meaningless income compared to admin expenses. 12) - RRR will receive US$750k plus interest in April 2018 for the sale of El Limon. Well done for getting this figure correct at last. The cash was part of the original deal 2 years ago. Long since factored into the share price here. 13) - Cash payout expected to JMS from 'Tshipi' - 2.5% interim payout. -- 13a - Sum expected to be distributed to shareholders including RRR, about £230K in September 2017. Can you tell us where the previous £530k went please and what value it added to shareholders? £230k doesn't come anywhere near the yearly admin expenses. 14) - RRR could sell shares and assets in their other holdings. Which shares/assets (that can realistically be sold) do you think have any meaningful value ? 15) - When JMS float RRR could sell shares in the company. Are they likely to sell those shares? What real assets are left if they do sell them? Regardless, the shares are now secured against a $4.4m loan with Yorkville so your speculation is meaningless.
25/6/2017
22:35
defcon3: If there isn't a sale of Tshipi and we see a delisting, Bell is hoping that value crystallises itself in the Red Rock shareprice (so that he can dilute at a higher price). 'Hoping' being the key takeaway here. There's nothing to guarantee there will be a steep rise in the RRR share price as a result of a relisting
Red Rock share price data is direct from the London Stock Exchange
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