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RRR Red Rock Resources Plc

0.0575
-0.0075 (-11.54%)
Last Updated: 15:09:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Red Rock Resources Plc 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
  -0.0075 -11.54% 0.0575 0.055 0.06 0.065 0.0525 0.07 104,454,338 15:09:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 0 -2.67M -0.0011 -0.55 1.49M
Red Rock Resources Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker RRR. The last closing price for Red Rock Resources was 0.07p. Over the last year, Red Rock Resources shares have traded in a share price range of 0.0525p to 0.285p.

Red Rock Resources currently has 2,480,597,791 shares in issue. The market capitalisation of Red Rock Resources is £1.49 million. Red Rock Resources has a price to earnings ratio (PE ratio) of -0.55.

Red Rock Resources Share Discussion Threads

Showing 45951 to 45974 of 51850 messages
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DateSubjectAuthorDiscuss
04/1/2022
19:07
RRR covered late on by Zak Mir with a short term target of .90p
mininglamp
04/1/2022
19:00
IPO on the TSX of a company with licences near Red Rock at Fosterville in Aus, bodes well for the New Ballarat Gold AIM IPO where RRR has a 51% interest.

Trading starts on the 6th.

mininglamp
04/1/2022
17:11
Just put up the 7 year chart for a reality check!!!
mikemichael2
04/1/2022
15:23
It is hard to believe that RRR are jockeying for top spot on the leader board with high flying BLU.
noirua
04/1/2022
14:56
Price still strong, now only 250,000 shares at full offer then it moves up again.
broken_arrow1
04/1/2022
13:05
All sold out now.
kemche
04/1/2022
12:56
No, my broker also appears unwilling to sell me anything without direct contact.
algernon2
04/1/2022
12:54
Instead of settling could Glen just buy them up? They could then get all the millions in locked up value for free!
kemche
04/1/2022
12:52
Red Rock shares do look on an upward trend now - remember this is a very high risk share that could go to 0.8p or 0.4p just as easily. If you lose 40% of your money do not grumble! Mind you, you could just as easily gain it - timing a sell comes into the picture at that point though.
noirua
04/1/2022
12:44
Can't buy anything currently, something seems to be going on behind the scenes, still under £7m m/cap.
flughafen17
04/1/2022
12:08
Only 250,000 shares (£1500) available at full offer then it moves up again.
broken_arrow1
04/1/2022
11:40
Volume is increasing for a reason.

The upcoming court case in the Congo could be very interesting, remember Red Rock are pursuing at least $10m from a operating subsidiary of Glencore, these matters are often settled out of court.

At .55p Red Rock is valued at a mere £6.6m.

greekhovel
04/1/2022
09:58
This was down 70% from it's 2021 high, no wonder it's bouncing.

They have said there will be lots of news and it could be materially company changing.

flughafen17
04/1/2022
09:52
Still moving up, only £10,000 of stock at or around offer then it moves up again.

One suspects most longs are in above 1p, it hit 1.35p last year.

broken_arrow1
04/1/2022
09:52
Takeover? Glen? Rio?
kemche
04/1/2022
08:54
Can't even buy £500 of shares at the moment, pretty rare for an outfit like Red Rock, is something brewing.
aussiebeach
04/1/2022
08:13
Nothing available online right now at full offer, a premium being asked for small orders.
broken_arrow1
03/1/2022
20:48
Expecting meaningless RNSes aplenty.
kemche
03/1/2022
14:28
AB, as he said once, wants to see the RRR market cap at £60 million - or on another occasion at 10p a share. He is unlikely to spread any cash around shareholders until this is achieved. Ignoring the warrants and options that would see the RRR share price at around 5p. With the options all converted about 4.5p.

Are ABs dreams realistic? As always with Red Rock the dreams are indeed realistic but AB ends up shooting Red Rock in the foot missing his own foot by a margin. Maybe different this time though?

Hopes are Red Rock will get a good pay out over Musonoi and their partners shenanigans. Legal matters take time so anything up to 5 years unless Glencore push their subsidiary which for them is too small a matter to bother about as the copper is under water.

There are three other interests in DRC but unlikely to be worth much at present.

The Australian flotation is doubtful at the moment as the sector is in the doldrums
and only a push and shove by an impatient Power Metal will IPO it during a depression in the sector.

The Elephant Oil Corporation flotation is a different matter as the oil sector is going along quite well. It should happen in 2022.

The gold royalties from Soma should still trickle in for years to come.

Loans are fully covered by shares in Jupiter and Power Metal.

Power Metal shares not covered by loans could be sold at a good profit.

Only feathers in ABs hat are the price obtained from sales of Jupiter, and Power Metal shares. A chief with only two feathers isn't saying too much at present.

The iron ore royalties may well workout eventually. Could be worth US$8 million and ongoing royalty payments - but when? Might be 2025, 2026, 2027, 2028 who knows?

The Vector Resources ( see bottom of the header ) could be a hidden gem for Red Rock and a reason the biggest holder is not budging with his share holding.

There we goes. You pays your money and makes your gamble.

---

What are my thoughts? Well, the shares at 0.525p are not overpriced.

noirua
03/1/2022
13:55
Listing incentives, excessive backlogs and Jupiter Mines make headlines
Oct 22, 2021
Mining Weekly Editor Martin Creamer discusses the need for incentives for the listing of companies on the smaller end of the stock exchange; bringing in the private sector to clear excessive government backlogs; and Jupiter Mines's recent decisions relating to the board.

noirua
03/1/2022
11:35
"as we don’t want to dilute our shareholdings in Red Rock"

Oh FFS just stop it on now!

kemche
03/1/2022
11:33
"that we are persistent and do not abandon what has potential, that we are willing to fight patiently and intelligently rather than see our rights undermined, that we conduct very disciplined and cost-effective exploration, that nothing we do is for show or effect, but is tightly focussed on our strategic objectives, and that we are flexible and creative in the crystallisation of value.
We have quality projects and will do quality exploration and behave in a quality way."

The ENTIRE history of RRR says otherwise but you carry on with your nonsense Ettie. Good lad.

kemche
03/1/2022
09:51
This was posted on LSE, apparently Andrew Bell posted this somewhere 2 days ago.





Andrew Bell (Chairman and CEO) writing on RRR (Red Rock Resources ) : "What we could affect and usually control in 2021 was the extent to which we carried out our programmes for the year, which we had telegraphed in advance, and the way in which we communicated that. Although there were some delays before and during these programmes, some of which was down to Covid effects, we carried out in the second half of 2021 the drilling we intended in Kenya – for gold – and in the DRC – for copper-cobalt. By the end of the year we had begun a third programme, also foreshadowed through with less certainty, of diamond drilling in Australia for gold. As of 31 December we awaited imminent results from the laboratories in respect of the first two of these.

We did not list the Australian gold JV as hoped, which was due to the slow pace of grants in Victoria, an undoubted Covid effect, but we used that extra time for high quality exploration which is why we are drilling the first of three drill targets planned for the Australian Summer season, and – a possible bonus – we now have a greater chance of hitting the market when the gold price is strong, which for an IPO is critical.

So we would say we did what was on the tin in 2021. It was not our year, as 2020 had been, and as we hoped it would be again, and the reasons can be discussed at length, but to little gain: the all-important question now is: will 2022 be another 2020 or another 2021 for us? We believe it will be another 2020, but has the potential to be 2020 squared (a simile which is not a price prediction). We believe that we are different, in that we only take on projects that can potentially be significant mines, that we are persistent and do not abandon what has potential, that we are willing to fight patiently and intelligently rather than see our rights undermined, that we conduct very disciplined and cost-effective exploration, that nothing we do is for show or effect, but is tightly focussed on our strategic objectives, and that we are flexible and creative in the crystallisation of value.
We have quality projects and will do quality exploration and behave in a quality way.

We have not always recently had the opportunity to deploy the range of our weaponry, but the fact that we expect in the next few weeks and months to be coming out with strong exploration results from all three countries in which we have been drilling should impact public perception. If we spent our precious money drilling, the market had better believe we did it after extensive preparation and so with a degree of confidence.

We are expecting a large value and liquidity uplift from the imminently expected IPO of Elephant Oil on NASDAQ – the Form S1 is already in – and we look now to accelerate towards the listing of New Ballarat Gold Corporation, our Australian gold JV.

As we did last year, we are telegraphing our punches. New subsidiaries in Ivory Coast and Burkina Faso will we expect announce license positions and once again I emphasise that we only take on quality projects. That means we would expect to identify a couple of good future mines in each country, as a minimum. If we cannot feel that confidence, then we – a small UK explorer with other advancing interests – ought not to be there. But we are there. Why? Because we believe we are good explorers, who work hard and know what we are doing, and so we do have that confidence.

Good results in the DRC and Kenya will lead to new programmes there. The only thing I believe that stops us getting up from the current Resource to 1.5m oz and eventually much more of gold from identified extension and infill testing is not enough drilled metres. The more metres we put in, the more ounces we will get out. Patient as we are, there is a time for impatience, and given that we are capital-constrained it may be that if that time is coming it will require external partnerships or finance, as we don’t want to dilute our shareholdings in Red Rock when it appears to us so full of potential.

Anything else? Only one matter we can speak of. There is a little acorn of a project in the DRC where we have been thwarted by misbehaviour up to now. If I were to make one bold but uncertain projection for 2022, it would be that we turn that situation to our advantage. This acorn bobs along on the current, but maybe we look at it soon and it has become the eye of a great submerged legal crocodile, and the crocodile is us."

flughafen17
31/12/2021
08:23
Nothing much available online this morning and a premium being demanded for 100,000+

According to IG the 12 month high is 1.35p and the low being .42p

broken_arrow1
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