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% 0.80 461,240 08:00:11
Bid Price Offer Price High Price Low Price Open Price
0.75 0.85 0.825 0.80 0.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 5.16 0.76 1.1 10
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 113,105 0.80 GBX

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Date Time Title Posts
24/6/202108:08RED ROCK RESOURCES PLC - Information Thread11,094
18/1/202117:31Red Rock Resources 201121,885
02/10/202007:16Red Rock Resources - Boom to Bust - Back to Boom or Bang?12,315
01/10/202013:31Red Rock Resources speaking at UK Investor Show - Watch Now!1
01/10/202013:30MIGORI GOLD PROJECT in KENYA10

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Red Rock Resources (RRR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-24 15:35:070.80113,105904.84UT
2021-06-24 13:46:400.771,0618.20O
2021-06-24 13:14:400.7722,290172.19O
2021-06-24 13:14:080.7738,071294.10O
2021-06-24 12:47:480.8212,232100.00O
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Red Rock Resources (RRR) Top Chat Posts

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 0.80p.
Red Rock Resources Plc has a 4 week average price of 0.80p and a 12 week average price of 0.80p.
The 1 year high share price is 1.30p while the 1 year low share price is currently 0.31p.
There are currently 1,189,748,017 shares in issue and the average daily traded volume is 2,426,463 shares. The market capitalisation of Red Rock Resources Plc is £9,517,984.14.
the_debt_collector: Juniors like RRR will, all of a sudden, simply take off, if you look at charts of such companies on AIM you will see long periods of consolidation and then a spike occurs, just look at the share price of WSBN as an example. The excitement at Wishbone is due to their interests in Australia, well RRR Aussie projects will soon become high profile. You have to be in these stock to win.
the_debt_collector: The shrewd are buying RRR down here, the sum of the parts add up to AT LEAST 2p a share, once news kicks in then 3p+ is entirely possible. Any corporate move by POW involving RRR would be a game changer, it is possible. Ignore the trolls they will be long gone when the share price surges.
the_debt_collector: RRR has said they intend to hive off their assets into listed companies where independent management will be sourced, one suspects they are following the model of Power Metals. The market has not recognised the significance of the obvious tie up with Paul Johnson , the shrewd are buyers, there are a number of value kicks coming, the share price will respond accordingly. Listen to the naysayers at your peril, they will not apologise if RRR shares double/treble (just like Corcel did) a RRR re-rate will come soon enough.
torp: From 2012 to 2019 RRR raised over £16m via confetti issues and dilution and the like In the same period RRR spent over £12m on Admin and Expenses That's pretty much all anyone needs to know imho. There will never imho be any shareholder value because of that situation. Nominal share price was lowered from 0.1p to 0.01p so that dilution could continue Shares were subsequently consolidated This is for me, a total sucker share DYOR
noirua: Hi Goldenshread et al, The problem working out the TRUE value of Red Rock's shareholdings is that a large part is held against loans that start to be repayable from June 2021. Juno shares IPO on 10/5/2021 at 25c a share and are worth about £120,000. It is very uncertain what price they will close at on the first day of trading. Jupiter shares are worth 15,024,000 equals about £2,800,000 and Power Metal shares and warrants worth £587,000 shares and warrants £270,000. 6,302,000 shares in RRR and 20,000,000 shares in POW are held against loans to Riverfort and YA. The loan amounts to US$2 million and US$1.1 million was drawn down on 20 November 2020 and the present position is unknown. If RRR converts the warrants in POW they must do so in May or lose them. The royalties to be paid by Soma are presently being paid. About US$2,950,000 ( £2,130,000 ) is still to be paid. See page 54 of RRR's last Annual report for details. Corcell PLC shares worth about £70,000. Soma shares were nearly all given away to cover costs and can be disregarded. All other interests are unquoted. They include royalties for iron ore production at Mount Ida, WA plus a sum of USD8 million should full production start. As beneficiation is required the costs would be high and delay about 2 years to full production. Interest in DRC, Victoria Australia, and Kenya are not known. Elephant oil has no real value at present. The investments are worth £3,751,000 minus US$2 million loan plus about US$300,000 interest plus charges = £2,090,000. If the US$2.95 million royalties are added the two figures are £5,880.000 and £4,220,000. Exchange rates are very much on the move at present AUD USD GBP. Rates used AUD1.80 = £1.00 USD1.385 = £1.00. RRR has losses of around £33 million ( lower due to last year's profit ) that can be used against future profits. ) UPDATED at 14.12 and 14.27
aussiebeach: I think it is a case of the major shareholders have gotten Bell by the nuts and are demanding action. One good thing, from what I can see about RRR, is the tie up with Power Metals in Aussie, their CEO is no mug and is share price driven, the Licences in Aus are top notch, these have not been reflected in RRR share price to date. As Bell refers a number of value catalysts are imminent, the shrewd are buying.
noirua: The gold price has weakened so much that it is my opinion that thoughts of a float of Australian assets on the TSXv will likely be shelved for the time being. The Kenyan policy of first raising the gold grade is in place and efforts to widen the JORC resource further at 1.7g per tonne. This effort looks OK even with a lower gold price. The copper interests in DRC are a bit puzzling as Musonoi should now be on the bidding table. Looks as if RRR is saying nothing that helps in this delayed situation for investors to fear the worst. Jupiter is unfortunate as this is not RRR's fault it is the MD of Jupiter who should have been on the ball over the iron ore IPO - not good enough. The general smaller mining sector involved with gold has sagged under the collapse of the gold price. The turn always comes but the sale of these shares to have a punt in Crypto miners is a big lure. The bitcoin boom may not fade for awhile until October/ December this year. Then they will all flood back in - that's a hope of course. Meanwhile, shares like POW, with warrant conversion price problems, maybe under further pressure and just might test 1.5p. RRR has a few big investors who appear to be holding firm at RRR as they see a much bigger picture down the line.
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: 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.
Red Rock Resources share price data is direct from the London Stock Exchange
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