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% 0.90p 202,660 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.85p 0.95p 0.90p 0.90p 0.90p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.1 -0.2 - 4.82

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DateSubject
27/5/2018
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 0.90p.
Red Rock Resources has a 4 week average price of 0.88p and a 12 week average price of 0.88p.
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 1,918,487 shares. The market capitalisation of Red Rock Resources is £4,824,112.24.
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.
22/12/2017
17:10
clunes100: Near term news in no particular order: Repayment of Steelmin loan Q1 possibly sooner than later, Start Steelmin production, 21% Steelmin on 1st January, expected total 22%, Results analysis of Congo cobalt/copper tailings, Jv on processing of tailings, Jupiter re-listing conservatively worth A$12m to rrr making a private shareholding into the equivalent of cash, Increased production news from Jupiter and higher manganese prices and demand, News on Kenyan gold project and JV, News on holdings in rrr, Jupiter dividend in March, Repayment of rrr loan already roughly half paid down, Positve News on commodity prices if bull run continues, El Limon royalties starting, Repayment of El Limon US$750k to rrr during 2017, Rising share price will trigger cashing in of warrants which puts cash into rrr coffers, News o smaller projects. Comment: Bell apparently conceded that 2015-16 was tough and that the corporations taken then were to protect rrr's core assets and that it was in no ones interest for this to happen again not least because some of the directors had increased their holdings in the company. Bell also apparently stated that rrr was financially In good shape for 2018. From the above list, rrr is not a single play anymore and clearly vastly undervalued. Personally, expecting continued rise and upped my own view on near term share price
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.
27/6/2017
09:33
atino: [20 June 2017, Blogger] "Red Rock Resources Big News Imminent?" 🤞🤞🤞🤞 It’s nearly 3 months since I last covered Red Rock Resources (LSE:RRR). Since then the share price has nearly doubled from 0.6p to 1.15p last seen. As I explained in the last piece the fundamental reasons for buying Red Rock were pretty obvious and the share price gains haven’t been at all surprising. The market has woken up to the potential here 🤔 and there could well be exciting news flow over the coming days involving the company’s flagship investment in Jupiter Mines. Red Rock owns a 1.2% stake in the unlisted Jupiter Mines. Jupiter owns and operates the Tshipi manganese mine in South Africa. Tshipi is widely regarded as being a genuinely “world class” mining operation. It is already one of the top three global producers of manganese and is the only one of these to have a projected life of mine greater than 100 years. However you look at it, Red Rock’s stake in Jupiter is a fantastic asset for the business to have on its balance sheet. Investors have recently started to get excited about the price discrepancy between the company’s market cap and its 1.2% holding in Jupiter. This has helped drive the share price up, but even at 1.15p per share there could still be plenty of upside on the table. In February Jupiter announced an equal access share buyback of its stock. Rather than pay a dividend, Jupiter sought to buy back up to 6% of its stock for about $55million. Using the maths of this buyback to value Red Rock’s stake in Jupiter, this suggested Red Rock’s holding was worth about £11.65million. Red Rock’s market cap is currently just shy of £5.5million. As positive as this all sounds, the outlook for Red Rock’s Jupiter holding might be even brighter 🤠. It’s been in the public domain for a while that Jupiter’s board has been looking either to re-float the business (it was previously listed on the ASX) or to sell Tshipi. In early May there was press speculation that there might be as many as 10 potential bidders for Tshipi 👍. Over recent days this speculation has intensified and there is a growing expectation that Jupiter is going to make an announcement concerning its plans. Depending on the outcome of this, this could well be a catalyst for further gains in Red Rock’s share price. What lends weight to this speculation is that Jupiter is due to publish its results any day. Last year Jupiter published its Annual Report on 16 June. The year before that Jupiter published its Annual Report on 26 June. It seems a fair bet this year’s numbers will be released very soon. If Jupiter’s results contain any positive surprises or bullish outlook for the business this could trigger a bidding war for Tshipi, either in a scramble to get shares in an IPO or between the 10 supposed bidders for the asset. At 1.15p trading the results might seem risky, but if there is any weakness in the share price over the coming days or if the market sells on news this could present a significant medium term buying opportunity in Red Rock. With such a clear discrepancy between the company’s market cap and its fundamentals a sizeable re-rate is still on the cards, even from the current elevated share price. hxxp://www.valuethemarkets.com/index.php/2017/06/20/red-rock-resources-big-news-imminent/
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
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. .
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!!!
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