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 Shares Traded Last Trade
  0.01 1.45% 0.70 3,815,509 16:35:25
Bid Price Offer Price High Price Low Price Open Price
0.65 0.70 0.70 0.675 0.675
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -1.72 -0.29 6
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:25 UT 2,500 0.70 GBX

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Date Time Title Posts
29/11/202016:31RED ROCK RESOURCES PLC - Information Thread10,588
02/10/202006:16Red Rock Resources 201121,884
02/10/202006:16Red Rock Resources - Boom to Bust - Back to Boom or Bang?12,315
01/10/202012:31Red Rock Resources speaking at UK Investor Show - Watch Now!1
01/10/202012:30MIGORI GOLD PROJECT in KENYA10

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Red Rock Resources Daily Update: Red Rock Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker RRR. The last closing price for Red Rock Resources was 0.69p.
Red Rock Resources Plc has a 4 week average price of 0.63p and a 12 week average price of 0.63p.
The 1 year high share price is 1.15p while the 1 year low share price is currently 0.14p.
There are currently 825,338,881 shares in issue and the average daily traded volume is 4,722,489 shares. The market capitalisation of Red Rock Resources Plc is £5,777,372.17.
clunes100: Bell is playing his end game cards............... He must be looking forward to retirement and I am sure he is already comfortably well off in that department, however, I am sure he both wants to go out with a bang and have an extremely comfortable retirement. RRR has a few game changing prospects, Bell needs at least one of these to come to fruition and his stake is worth £430,000 for every 1p rise in share price plus future salary and consultancy fees. If RRR is going to have a success, the cards are now being played and funded by the JMS shares until other JV's or revenue is in place. We are in the end game and the the one arm bandit has been pulled and we'll know in the next 12 months if we have made or lost a fortune, but you have to have some skin in the game to enjoy the highs and lows of the ride with Bell.
noirua: PROGRESS REPORT - African Exploration Assets 15 June2018 Https:// Red Rock also announces, further to its announcement of 26 June 2015, that a revision to its agreement with Kansai Mining Corporation ("Kansai") of 20 June 2015 ("2015 Agreement") was executed on 11 June 2018 ("2018 Agreement"). The effect of the revision is that Kansai exchanges its 25% carried interest in the mineral assets of Mid Migori Mining ("MMM" and "Assets") under the 2015 Agreement for a USD50,000 payment, leaving Red Rock with a 100% interest.In the event of a renewal or reissue of licenses covering the Assets the Company will within three months make further payments, subject to such renewal or reissue not being on unduly onerous terms, as follows: (1) USD2.5m payable in cash, (2) a USD1m promissory note payable 15 months after issue, and (3) GBP500,000 of warrants into Red Rock shares at a price 20% above their average closing price on the three trading days prior to issue. - Looking at 3) it does seem that RRR should have issued GBP500,000 shares at 20% above their average closing price. 0.775p x 120% = 0.93p. RRR have issued the following: -- Grant to Kansai of GBP500,000 of warrants exercisable for 30 months into Shares at 0.7p a Share. [71,428,571 shares] This is not in accordance to the agreement!
torp: Hard to believe people still fell for the age old song and dance routine here. Always mugs out there thinking they will hit the jackpot, believing the utterly lame "jam tomorrow" rhetoric of ramping morons instead of simply looking at the company finances (or lack thereof) and the appalling history of dilution, the long list of failed projects, the ridiculous director salaries and preposterous amounts frittered on admin and expenses. So now there are 125 million shares being issued at 0.8p Then there are approx. 150 million likely to come when the 0.6p CLNs are converted Plus there are a shed load of warrants sat at 0.9p Plus more warrants at 1.2p Meanwhile Bell pawns off the Jupiter shares on the quiet. The most valuable asset the company has imho. Once those shares are gone, they are gone and imho it will be game over. Nothing will ever change here. It's a crock which has seen its share price utterly decimated which has already had its nominal share price lowered from 0.1p to 0.01p so dilution could continue which has already had its shares consolidated on a 1 to 25 basis and which has £830,000 worth of CLNs waiting to be converted at 0.6p More dilution will come imho, as night follows day I will be staying very well clear DYOR
torp: Noirua The JMS share price on Monday when the RNS was released was approx. AUD 0.27 and the charts show it was that level for the 3-4 days prior to that. That would indicate that the JMS holding was about 14.8m shares. You're surely not suggesting that RRR knew in advance that the JMS share price would be AUD 0.255 today and thus valued it with that future forecast ?!!! Even with a JMS share price of AUD 0.255 that would put RRR's holding at about 15.6m shares if the value is AUD 4m which is still considerably less than the 17.02m shares that were previously stated in RNS's. What you refer to as "the more recent low point of 0.23" happened way back in April looking at the chart. Either I am missing something or the JMS holding has been reduced. Why don't you ask your mate AB for the exact number of JMS shares and post it here?
torp: Noirua - "Raising cash via a placing would not be under 0.51p, the price of the previous placing, as the biggest major holder paid this price." Your statement makes no sense imho. As stated upthread large shareholders have been dumping . Peter Gyllenhammar posted a holding RNS stating that he had reduced his holding from 3.44% to 2.84% on 10th July. The share price on 10th July was around 0.4p If such people are not prepared to buy shares at 0.4p and are selling then what does that say about the price that any potential placing would be at?? James Asquith reduced his holding from 3.68% to 2.77% on 6th August. The share price on 6th August was around 0.54p-0.58p If such a significant holder wasn't prepared to buy at 0.58p and was selling then what does that say for any potential placing? . Noirua - "CLNs are unlikely to be converted before December 19 unless this happens." Your opinion of course. Given the CLNs have been rolled over for a 3rd consecutive year I can't believe that the holders would sit there if the share price gets above the conversion price of 0.6p. I would think that converting them and selling at break even was preferable to remaining locked in. Or even just converting and then holding the shares to see how the share price moves. If the share price then subsequently dropped back below 0.6p at least they would then no longer be locked in and could choose what to do. The holders wax lyrical about the 12%pa interest their loan notes earn but surely that invested money would be earning far more than 12% in 100s of other shares on the stock market during these volatile times? We will have to wait and see what transpires. share price might not reach 0.6p and may retrace back to lower levels DYOR
noirua: The Red Rock share price has done well in the short term. There are thoughts on the fund raising position which clearly needs a share price of at least 0.7p bid. CLNs are unlikely to be converted before December 19 unless this happens. Raising cash via a placing would not be under 0.51p, the price of the previous placing, as the biggest major holder paid this price. Cash can be raised by putting more ASX:JMS in hock. Unless it has been done already and not announced. No announcement as to the 5.5m shares held by others against previous loans. Jupiter is unlikely to pay much of a dividend because the manganese price tanked after the South African covid restrictions on mining companies in the Northern Cape were lifted - or at least now with more minor restrictions. Everything is quiet and particularly so on the 'board of Red Rock' front.
clunes100: The situation in Victoria has not helped and might slow things on the ground, but hopefully the licence applications will chunter on in the background, each confirmation should help rrr share price
noirua: The RRR share price is still well up on the 0.165p all-time low price not all that long ago. You were given a chance and you blew it Torp. End of conversation, no second chance.
torp: Pump and dump fast running out of steam imho The appallingly late reported sell yesterday of £22.25k at 0.445p says it all Such large holders don't dump their shares without reason I predict the share price will start tumbling and I'm glad I won't be the one left holding the baby when it does. Doesn't really matter either way because if the share price were to reach 0.6p the mass of CLN holders will be free to convert their notes which have been rolled over for a 3rd consecutive year. So the share price is going nowhere. Meanwhile the 13% holder Gyllenhammar is clearly dumping at this price whilst he can . . . hmmmmmmmm Buy, hold or sell but be sure to DYOR
torp: SP has merely rebalanced to where it was in January when the COVID crisis hit. I'm not remotely duped by the pathetic ramp squad trying to make more of it than actually exists. A vast number of stocks likewise recovered from the dips created by the COVID crisis. A rising tide lifts all boats even the decrepit ones that were slowly sinking. The 3yr chart below shows very clearly that RRR was on a downward trend due to its business model before COVID hit in January. The share price had been decimated from 0.8p down to 0.45p levels and then COVID created the dip down to 0.16p levels. The same happened to 100s of shares across the markets and most of them have likewise now rebalanced. Well done to the people who bought those decimated dips in whichever company they did it. Like me they have been rewarded for it. However the share price here has clearly now reached the former levels where it was before the COVID impact. I expect many will now be looking to pass their shares onto mugpunters who will then be left holding the baby. Hence imho all the current and rather lame pumping. The CLN holders would of course dearly love to get the SP pumped to 0.6p so they can escape their 3 yr lock-ins so expect the pumping to continue and get more desperate imho. Many companies are now suffering share price decimations again as second waves of the virus are starting to appear. The UK is now mandating quarantining of people arriving from Spain. Stocks are seeing sharp drops again. Important not to get caught out. There will imho be more opportunities to buy back at lower prices in many stocks. DYOR
Red Rock Resources share price data is direct from the London Stock Exchange
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