RRR

Red Rock Resources Plc

0.1275
-0.0025 (-1.92%)
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
  -0.0025 -1.92% 0.1275 16,096,470 12:49:43
Bid Price Offer Price High Price Low Price Open Price
0.12 0.135 0.13 0.1275 0.13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Iron Ores 0.00 -2.62 -0.20 - 2.69
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:00 O 671 0.12 GBX

Red Rock Resources (RRR) Latest News

Red Rock Resources (RRR) Discussions and Chat

Red Rock Resources Forums and Chat

Date Time Title Posts
09/6/202320:49RED ROCK RESOURCES PLC - Information Thread14,128
15/6/202211:11Red Rock May 202244
22/5/202210:00MIGORI GOLD PROJECT in KENYA15
04/5/202218:41MUSONOI AREA 1 PE4962 - KAMUKONGO PE663 - KASOMBO SOUTH PE2360 - in Democratic R7
18/1/202117:31Red Rock Resources 201121,885

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Red Rock Resources (RRR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:35:010.126710.81O
15:35:010.1214,28517.14O
15:35:000.147551.02O
15:35:000.1210,00012.00O
15:35:000.125000.60O

Red Rock Resources (RRR) Top Chat Posts

Top Posts
Posted at 05/6/2023 13:37 by kemche
Tell me when this man has ever been wrong:

Helpful Premium Member

Posts: 10,602

Price: 0.1375

No Opinion

RE: General Meeting calledToday 10:43
What is it with RRR that we have this constant stream of non-shareholders trying to deramp the share price and lodge dis-information?

ALR will not produce any sales this year while the licenses are in dispute.

I expect sales this week and the licence is not in dispute. If there was a dispute about the licence then we wouldn't get the EMP and the EIA. Illegal mining is not the same as a dispute about ownership of the licence.

DRC claim is dead now the other sides lawyer is a minister in the government

Who says? Where is your evidence? You don't have any.

AB will keep diluting shareholder to pay the board for failure imo

Who knows? Certainly not you.

DYOR

Posted at 04/6/2023 12:43 by noirua
The present bid price of Red Rock is just 0.125p and if tripled only 0.375p. It is not long ago that the bid price was over 0.6p.
So far abject failure to control the money pot at Red Rock has brought the share price to its knees and an all-time low share price.
A share bid price of about £4.00 to £5.00 is needed by those who bought at the peak of 20p in 2010 - £5.50 to £7.00 including inflation.
There was a one-for-25 consolidation in 2014.
So maybe just a few need a 32,000% to 56,000% share price increase to buy the same item that has risen 39% since 2010. So a market cap of £860 million to £1 billion or so is needed.

It's not need for Red Rock directors to get on their bikes. They need to get into a Bugatti Chiron Super Sport.
Https://www.bugatti.com/fileadmin/_processed_/sei/p663/se-image-1138fd2f51652649a1eecb2ce7dcbe01.webp
This is no good at all: Https://m.media-amazon.com/images/I/51K7qxZL9kL._AC_SX679_.jpg

Posted at 02/6/2023 09:04 by noirua
Off Topic - I should have put all my money into ASX: WC8 and ASX: BUX - now up 300% and 90%. Unfortunately, the profits only cover 38% of my losses on RRR.
BUX - https://uk.advfn.com/cmn/fbb/thread.php3?id=50562977
WC8 = https://uk.advfn.com/cmn/fbb/thread.php3?id=51609652
Both are very high risk so not a suggestion to buy these.
Just shows that RRR could rise from the ashes of deep despair - mind you many a shareholder has been burned to financial death and lie in the ashes - not a laughing matter Chairman Andrew Bell and fellow directors.
Red Rock shares are down over 99% since the 2010 high point.
Directors of RRR
Andrew Bell, MA, LLB. Chairman and Chief Executive. Andrew Bell began his career as a natural resources analyst at Morgan Grenfell & Co. ...
Scott Kaintz, BSc, MBA. Non-Executive Director. ...
Sam Quinn, BA, LLB. Non-Executive Director. ...
Michael Alexander Borrelli, FCA. Non-Executive Director.
The company website still shows Jupiter Mines Limited shares as still held by Red Rock - it has zero shares in Jupiter - as of June 2, 2023.
Https://www.rrrplc.com/investors/
It is possible an investor could have bought shares in RRR and lost money due to this. This is misleading and they could make an appropriate claim against Red Rock Resources PLC.

Posted at 31/5/2023 17:00 by noirua
AB and Co will be as aware as anybody that cash has to arrive double pronto haste or the share price of Red Rock is doomed by a death spiral by Diversified. Lots of cash would mean Diversified could be paid off and the death spiral closed.

No point waffling on about Kenya and talking about other areas. That view looks like an effort to try and take investors' minds off the present.
Sell the interest though saying that the present drilling results are too low a grade to get any buyer interested: Except at fire sale terms.

The DRC Musonoi Arbitration has turned out to be a share price disaster so far.

The NBGC IPO could go ahead but with a likely escrow period of no use cash wise very short term unless Red Rock ditches their interest for cash.

ELEP has been an embarrassment as it seems their directors are hoping for an oil incident to rocket the oil price. Even then there will be a 180-day lock-in period.

Then the CLNs are due for repayment in 8 weeks' time. Unless Red Rock can come up with a deal.

At present RRR needs about £2 million to straighten things out. It would take some brilliance to do it and the directors are cash hobbled at present.

Posted at 05/5/2023 16:34 by noirua
Drilling results at Berringa appear disappointing and unfortunately won't help the Red Rock share price. The deepest hole was particularly poor though the others were not drilled to much of a depth.
Https://uk.advfn.com/stock-market/london/red-rock-resources-RRR/share-news/Red-Rock-Resources-plc-Victoria-Goldfields-Berri/90976188

Delay, pending combined with doubt are crucifying the share price of Red Rock.

Posted at 28/4/2023 10:57 by noirua
Red Rock Resources PLC has sold all shares in Jupiter Mines Limited and all proceeds have since been used mainly on Admin. For some of us still holding are the Preliminary Results:

Preliminary Final Report
28 APRIL 2023
Https://hotcopper.com.au/threads/ann-preliminary-final-report.7353229/?source=email

Jupiter Group's net profit after tax is $76.5 million, up 42% from FY2022

Share of profit from Tshipi significantly increased year-on-year, to $86 million (FY2022: $43 million)

Jupiter’s marketing revenue on manganese ore up 30% on the prior year to $9.5 million

Sales increased to 3.48 million tonnes in FY2023 (FY2022: 3.3 million tonnes)

[ A final dividend of 1.2c is payable in May and makes 2.2c for the year. At 25c the shares are on a yield of 8.8% with zero debt and no options or warrants. The company has 49.9% of a 100-year manganese mine set to be extended that should see out most alive today]

-----

CEO Andrew Bell on Jupiter MInes, Australasia and iron ore a few years ago: Https://youtu.be/A4CMowBhL5k

and 12 years ago in 2011: Https://youtu.be/A4CMowBhL5k - Red Rock holds 74,200,832 shares in Jupiter, representing approximately 4.07 per cent. of its existing issued share capital. In addition, the Company is entitled to a 1.5 per cent. gross production royalty on Jupiter's Mt Ida iron ore tenement interests in Western Australia. Red Rock does not intend to reduce its shareholding in Jupiter and believes that the buy-back programme will underpin the value of its investment.

A podcast in the early days when Red Rock shares were booming: https://www.google.com/search?q=Youtube+-+Andrew+Bell+-+Red+Rock&oq=Youtube++-+Andrew+Bell+-+Red+Rock&aqs=chrome..69i57j69i60.17707j0j15&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:b7ffdd04,vid:G5gv-Zu9324

The share price peaked at about 20p and allowing for a 1/25 consolidation = £5.00 per share - the present share price is 0.18p down 99.64%. I HOPE MY MATHS ARE CORRECT.

Posted at 27/4/2023 11:26 by noirua
If Elephant Oil shares are successfully quoted which looks doubtful so far then £500,000 could be raised against the holding.

The only other way is to sweeten the deal with Diversified which in itself proved fairly disastrous for the RRR share price.

A big shock would be DRC cash arrival of $12.05 million. That could push the share price to 0.7p - 0.90p. So the upside gamble factor is still in place but much reduced expectations.

Posted at 22/3/2023 13:00 by noirua
RRR share price is obviously moving downwards in light trading towards the price being paid by Diversified. Confidence in any IPO happening and obtaining cash from DRC is slipping. The shares remain a gamble.
Posted at 14/3/2023 16:53 by the_sage1
The question is how much longer can Andrew Bell keep getting away with the words 'imminent' 'near term' 'shortly' 'in the next few weeks' etc etc.

At some point something has to occur, the latest batch of 'enticements' are Elephant Oil IPO expected, the DRC arbitration conclusion and the Lithium EIA, these are the latest offerings from Andrew Bell.

Obviously if any of them come near term then you will get a share price uplift, the largest, an arbitration award of $7.5m will see the share price multi-bag.

RRR is so despised that the vast majority of the market has no idea about the company, is that an advantage or disadvantage buying in now?

Posted at 18/2/2023 10:31 by noirua
A bit off-topic these days is Jupiter Mines Limited once the major kingpin of Red Rock Resources' asset base and future income. The shares are all sold now and all the cash is spent - Good grief and begorrah.

Some of us bought back in seeing the share price tank and maybe Red Rock should be doing the same if it could. The shares stand at 23.5c on a yield of 8.7% with manganese gaining ground in price. The company's mine has reserves for over 100 years and no exploration costs. Cash arrives and is paid in dividends to shareholders. Why is the share price so low? Many ponder this one and Red Rock should as well.
Https://www.jupitermines.com/tshipi-manganese/tshipi/manganese-price-information

AB would point out quite rightly that Red Rock still holds iron ore royalties over Mount IDA's eventual production. Should production ever come to pass the value would exceed Red Rock's present market cap. very many times.

A NOT TO BE FORGOTTEN ASSET!
AUSTRALIA. b). Mount Ida Royalty: Red Rock holds a 0.75% Gross Revenue Iron Ore Royalty (GRR) over Mt Ida, and a further 0.45% GRR over Mt Ida which transfers in two tranches to Anglo Pacific Group plc for consideration of USD8,000,000 upon the reaching of certain development milestones.
The Mount Ida iron ore reserves were transferred to Juno Minerals Limited on the IPO of the company.
The Central Yilgarn Iron Ore Project consists of (a) the Mt Ida magnetite deposit, where a 1.23 bn ton JORC compliant Indicated Resource of 29.79% Fe in its Central Zone, capable of beneficiation to a 66.65% concentrate, and a JORC compliant Inferred Resource of 615m tons at 28.86% in the Northern and Southern Zones, was announced by Jupiter on 8 January 2013.
Juno Minerals: Https://www.junominerals.com.au/
Mount Ida: Https://www.junominerals.com.au/projects/mount-ida-magnetite-project

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