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
  0.00 0.0% 0.975 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.95 1.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 5.16 0.76 1.3 10
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.975 GBX

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Date Time Title Posts
08/3/202104:31RED ROCK RESOURCES PLC - Information Thread10,741
18/1/202117:31Red Rock Resources 201121,885
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 0.98p.
Red Rock Resources Plc has a 4 week average price of 0.98p and a 12 week average price of 0.71p.
The 1 year high share price is 1.30p while the 1 year low share price is currently 0.14p.
There are currently 1,067,850,352 shares in issue and the average daily traded volume is 7,109,315 shares. The market capitalisation of Red Rock Resources Plc is £10,411,540.93.
malcontent: Noirua notwithstanding the garbage posted by the many and varied trolls who seem to have taken refuge on this thread, what is your take on RRR's current position regarding funding for the exploration work they envisage? recent share price activity has been encouraging as the creature that has lain dormant finally cranks into some meaningful action. Do you have any personal share price targets for the next year? Just interested- i have a modest holding of these from a while back- in truth I don't even remember when i bought them, but I added quite a few once the share price woke up last year, and they're nicely in profit to date
noirua: I cant see RRR applying for JUNO MINERALS Limited ( Mount Mason) shares in the present financial situation. Highly speculative with views that high-grade iron prices have peaked. Continued demand from China but not so from the west. There must be a limit to China's present building expansion. Follow through on the Mount Mason separation should hold the RRR price in check even though I'd like it lower to increase my holding. Red Rock shares are priced up with events. Investors outside of Australia and New Zealand will probably not be allowed to take part in the JUNO float. That is usually the case with Australian investment IPOs.
noirua: The Red Rock share price is a gamble but at present prices IMHO less of a gamble than Power Metal - at present prices POW 3p and RRR 1.05p. Mind you, the roulette wheel turns for each venture. POW has no debts and cash rolls in with each warrant conversion. However, the company appears to have enacted compulsory conversions and some may be scrambling for cash. Red Rock has short-term debts backed mainly with Jupiter and Power Metal shares but not all by far and the 29 of January date is a fence not to refuse at. However, AB and Co are clever at maneuvering debt but sometimes not to RRR shareholder's advantage. A lot of shares will be issued if Kansai wants them though RRR may well be battling behind the scenes to conjure up a deal. Will take all the cleverness of Noddy and Big Ears this one.
noirua: At first glance, the Annual Report out today does not state anything that is not already known. The Kenya position does show that Red Rock has ambitions to involve a Chinese company but everything in that respect is on ice due to the covid situation. This may well make money for Red Rock though there are fences to jump including The Chair and Beechers Brook. A bit of a 'yellow brick road' and maybe it will be AB behind the curtain. The float of the Australian gold tenements in Canada now only mentions a Canadian float. Whether this attempt is on the TSX, TSXV, or CSM market is now unclear. [The gold price and sentiment matters hugely here. Upside if gold motors on past the important $2,000 level and downside if it falls gradually to the $1,800 level or lower. Odds are favorable though the floatation price is a major factor here. POW has plenty of cash from warrant conversions but RRR may have to sell some shares or other assets - may raise cash another way] The DRC assets are more in Limbo than was possibly expected and no mention of a JORC resource for Musonoi that was promised, once, by February 2019. So generally disappointing. [ Https:// ] Note of some El Limon royalties arriving and further to come on the higher gold price is mildly warming. The Jupiter holding was reduced during the year - can't find any mention of the sale of Jupiter shares in the Chairman's statement, though hunt and you will find it. Dividend income was well down but AB remains hopeful of the iron ore float happening. [ Jupiter Mines Limited - 9,524,914 shares 0.49% as at 30 June 2020 - valued at 31.5c a share = AUD$3,000,000 - Https:// Page 80.] Profit was given as £5.156 million. The sale of assets [ probably Jupiter shares ] amounted to £504,000. Reversal of impairment of £5.28 million on Kenya assets. In real terms £5.156m - £504K - £5.28m = a loss for the year at £628,000. RRR has four shareholdings: POW has risen from 0.5p to about 2.65p which is a great performance. [ maybe higher risk on drilling results than RRR themselves ] ASX:JMS still priced at about 31c against the 40c float a few years ago: A good investment that has been much sold down by Red Rock. Dividends are an essential plus here and hope on the iron royalties a fair way down the line. Corcell investment ( formerly Regency Mines ) has been a disaster since RRR split from RGM many years back. Not worth much so no impact. Soma is another poor performer purchased at the equivalent of C$2 and now at about 30c. Probably undervalued at that price but only my opinion. This is a cost factor for RRR indirectly through subsidiaries. It May all work out but may not. From the Annual Report: The process of recruiting additional staff and directors has been underway for several months at the subsidiary level, and at the parent is now beginning. As we develop, our capabilities and structure have to develop to match. There is a great deal of information, bluster, and waffle in the report. RRR has no copper so all of that is a mixture of information, bluster, hope, and waffle. RRR has gold in the ground in Kenya but zero production. Australia is many years off production with exploration so far also at zero. The Jupiter interest has iron ore in the ground but again zero production. Manganese has most of its future production in the ground in the Northern Cape and actual production continues apace - the manganese price is volatile. POW is becoming a bigger interest to Red Rock though it has zero production and zero JORC resource. So comment here is hope more than anything. Soma has gold production and Red Rock is starting to receive royalties from El Limon so maybe things will look up from here on in. Below might work out well but how much more cash above the $90,000 already paid will be needed in this legal matter? It May be great but how long will it take to resolve - Red Rock's wallet is open and on the table full of bucks. Red Rock now has sufficient confidence in its ability to work within the predominantly francophone environment of the DRC to have become involved most recently in supporting the administrators and secured creditors of an Australian company Vector Resources Limited (In Administration) ("Vector"), in order that Vector should have time for a reconstruction and in order to assist with negotiation. Red Rock believes that it is capable of adding value to Adidi-Kanga, a substantial and high-grade gold project in the DRC where a majority interest is held by Vector, but where Vector's rights are being challenged. View so far. A reasonable gamble on so many things coming off and backed by marketable shareholdings. If they all come off that's great and if none do then remember it was a gamble. Some individuals have large shareholdings and are well in the money with RRR shares worth over 1p.
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
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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