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RRR Red Rock Resources Plc

0.036
0.002 (5.88%)
14 Jan 2025 - Closed
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 Shares Traded Last Trade
  0.002 5.88% 0.036 52,589,029 11:29:31
Bid Price Offer Price High Price Low Price Open Price
0.032 0.04 0.036 0.034 0.034
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores -2.85M -0.0005 -0.80 1.93M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:18:21 O 1,817,514 0.035 GBX

Red Rock Resources (RRR) Latest News

Red Rock Resources (RRR) Discussions and Chat

Red Rock Resources Forums and Chat

Date Time Title Posts
14/1/202516:45RED ROCK RESOURCES PLC - Information Thread19,611
04/8/202418:13Red Rock May 202266
16/6/202408:49MIGORI GOLD PROJECT in KENYA17
11/12/202313:51MUSONOI AREA 1 PE4962 - KAMUKONGO PE663 - KASOMBO SOUTH PE2360 - in Democratic R8
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
16:18:220.041,817,514636.13O
16:03:180.0320,000,0006,800.00O
15:48:210.042,000,000700.00O
15:17:380.045,000,0001,750.00O
14:51:370.041,490,285521.60O

Red Rock Resources (RRR) Top Chat Posts

Top Posts
Posted at 14/1/2025 08:20 by Red Rock Resources Daily Update
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 0.03p.
Red Rock Resources currently has 5,684,368,839 shares in issue. The market capitalisation of Red Rock Resources is £2,273,748.
Red Rock Resources has a price to earnings ratio (PE ratio) of -0.80.
This morning RRR shares opened at 0.03p
Posted at 13/1/2025 16:23 by kemche
mrmark1 - 21 Feb 2022 - 12:20:36 - 11925 of 19594 RED ROCK RESOURCES PLC - Information Thread - RRR

Surly they need to release the Australian gold assays before going for an IPO.

Investors in the new vehicle need to see those assays to build a picture and know what they are investing in. Watching AB’s video interview there are two/three separate announcements for Australia coming soon

Must be a catalyst for the Red Rock share price to rise before any new IPO.

RNS from Kenya gold this week? Zimbabwe Lithium? Australian gold assays next week? Could be a good time to buy RRR with limited stock available at 0.6/0.7 level
Posted at 13/1/2025 16:22 by kemche
mrmark1 - 25 Oct 2022 - 06:24:48 - 13114 of 19593 RED ROCK RESOURCES PLC - Information Thread - RRR

So Mr Bell is still in the Congo.
Can’t be long now then for news on the $7.5m payment to Red Rock Resources. More cash than the current - closer to 0.6p plus significant projects! If Mr Bell announces during the day the share price will increase a lot.
Posted at 10/1/2025 13:50 by noirua
The share price has moved to 0.039p for a small number of shares on offer-move quickly.
Your call as always.
It is difficult to make money these day on AIM market explorers.
Posted at 13/12/2024 15:25 by kemche
Note 19 and the full horror:

Movement in ordinary shares

Number

Nominal

£'000

As at 30 June 2022 - ordinary shares of £0.0001 each

1,256,147,238

126

Issued on 27 Sep 2022 at 0.4 pence per share (allotment for cash)

40,000,000

4

Issued on 19 Dec 2022 at 0.1 pence per share (non-cash)

28,000,000

3

Issued on 19 Dec 2022 at 0.2829 pence per share (non-cash)

17,000,000

2

Issued on 2 Mar 2023 at 0.25 pence per share (non-cash)

26,753,616

3

Issued on 13 April 2023 at 0.18 pence per share (allotment for cash)

56,487,601

6

Issued on 19 April 2023 for 0.1661 pence per share (non-cash)

123,888,888

12

Issued on 11 May 2023 for 0.15741 pence per share (non-cash)

15,055,706

2

Issued on 18 May 2023 for 0.1425 pence per share (allotment for cash)

19,176,965

2

Issued on 18 May 2023 for 0.185 pence per share (non-cash, SIP)

376,028,070

38

Issued on 18 May 2023 for 0.21 pence per share (non-cash, SIP)

11,675,670

1

Issued on 31 May 2023 for 0.1298 pence per share (non-cash)

12,836,559

1

Issued on 5 June 2023 for 0.1425 pence per share (non-cash)

43,781,746

4

Issued on 5 June 2023 for 0.11 pence per share (non-cash)

45,964,912

4

Issued on 27 June 2023 for 0.11385 pence per share (non-cash)

33,237,805

3

Issued on 27 June 2023 for 0.116908 pence per share (non-cash)

65,876,152

7

Issued on 27 June 2023 for 0.11 pence per share (non-cash)

23,657,440

2

Issued on 28 June 2023 for 0.1650 pence per share (allotment for cash)

110,029,423

11

Issued on 27 Sep 2022 at 0.4 pence per share (allotment for cash)

175,000,000

17

As at 30 June 2023 - ordinary shares of £0.0001 each

2,480,597,791

248

Issued on 10 Aug 2023 at 0.2 pence per share (non-cash)

63,500,000

6

Issued on 29 Aug 2023 at 0.2 pence per share (non-cash)

26,000,000

3

Issued on 18 Dec 2023 at 0.011 pence per share (allotment for cash)

100,000,000

10

Issued on 21 Dec 2023 at 0.0075 pence per share (allotment for cash)

666,666,667

66

Issued on 12 Feb 2024 at 0.00637 pence per share (non-cash)

211,482,353

21

Issued on 12 Apr 2024 at 0.0051 pence per share (allotment for cash)

509,804,000

51

Issued on 12 Apr 2024 for 0.06 pence per share (non-cash, SIP)

80,928,000

8

Issued on 18 June 2024 for 0.015 pence per share (non-cash, SIP)

166,666,667

17

As at 30 June 2024 - ordinary shares of £0.0001 each

4,305,645,478

430
Posted at 03/11/2024 17:44 by kemche
19 months just fly by so quickly!

MiningLamp - 28 Mar 2023 - 06:56:18 - 13789 of 19101 RED ROCK RESOURCES PLC - Information Thread - RRR

It looks like potentially significant revenues are not far away, according to the local geologist/manager revenues could be $1.5m a month with costs of circa $300k.

Red Rock owns just over 50% so the free cash would be IRO $600k a month to RRR, has the potential to bring in £5.7m per annum to RRR at current FX rates - not bad for a £3m company.

MiningLamp - 18 Mar 2023 - 12:22:11 - 13760 of 19101 RED ROCK RESOURCES PLC - Information Thread - RRR

Mr Bell has been under the radar on his travels over recent times, no longer images on Twitter or 'hints' of outcomes like before.

The issue for outsiders looking in is if the right news comes, $7m+ cash from the Congo, no-one will have any chance of getting in around current levels, there may even be a near term RNS concerning a successful arbitration outcome and then another for cash receipt.

So you have to be in it now to win, risky yes but the whole sector has been risky for 24 months.

MiningLamp - 09 Mar 2023 - 16:13:43 - 13679 of 19101 RED ROCK RESOURCES PLC - Information Thread - RRR

Interview just released, all to play for according to Mr Bell, he believes the Congo court case has reached the end game, they have seen the arbitration ruling (in RRR favour) but simply needs signing.



It seems the listing of Elephant Oil is on again, it appears the warrant element has been dropped, this apparently will lead to a far better after market in the shares.
Posted at 24/10/2024 12:54 by 1waving
Been looking at a few posts on LSE this morning.
Found this one of interest

Helpful

Posts: 14,088
Price: 0.0375
Overview Today 11:39

So, I hadn't seen the Twitter posts late last night, footie is more important. Now I have...

1. AB obviously anticipated that the Arbitration was going to be done late last week/over the weekend.

2. The intervention of the dodgy solicitor delayed things but changed nothing.

3. The "blaming it on Australians", was 1620 Capital: John Boardman and Jason Brewer.

4. The invitation was to the Private Office of the Head of State. So it seems we are involved with a pet project of the President.

5. In one of his broadcasts, he mentions being a British company, not Chinese, Australian or Canadian. He was quite obviously suggesting that RRR has got itself in a niche where it is trusted in DRC.

6. Why would the Private Office want to deal with RRR or similar and why would it want to do a deal about revenue from the deal being allocated to a pet project?

7. The main thing is corruption. If RRR were to do a deal via the normal mechanisms, a parastatal like Gecamines would take a stake and royalties would be paid. The revenues would disappear into the general maw of expenditure and might make it nowhere near said "pet project".

8. He said an asset(s) similar in size and quality to Musonoi.

9. When we got Musonoi he said, 400,000 tonnes of copper and 24,000 tonnes of cobalt. Glencore paid $420mil for it via a backdoor deal. Musonoi grade was around 3%.

10. If the Private Office has a pet project then you would expect it to be substantial and so the amounts diverted to it would be substantial. Consequently, the Private Office needs a counter party that can deliver and is untainted by corruption and poor practice.

11. He says "immediate revenue": well that can only be either tailings or material previously mined and sat at surface. Immediate probably indicates the latter. Therefore the asset(s) are already known.

12. From the broadcast, it seems that they are close to Lubumbashi.

13. I expect we will get an update on BF and CDI shortly.

14. And no trolls, I didn't take the placing.

DYOR

-----------------------
and another post to follow.

Helpful

Posts: 14,088
Price: 0.0375
RE: Overview
Today 12:56

Kam, all very interesting but irrelevant to what is at hand and the overview I posted.

1. There is no doubt that Musonoi and the two other licences were JV property.

2. There is no doubt that the JV property was sold via Gecamines to Glencore.

3. How do we know this?

4. VUP issued proceedings against Gecamines and Glencore jointly for the non-payment of $15m ($5m having already being paid).

5. RRR intervened in the case and established to the satisfaction of the Commercial Court in Lubumbashi that the assets were JV assets and sold without RRR's knowledge or agreement.

6. The Court awarded RRR damages and costs against VUP.

All of the above is fact. No Walter Mitty stuff or made up stuff. Following on from that,RRR is due 50.1% of the $20mil and in reality should have had 50.1% of the $420mil.

What is at hand is the conclusion of what happens to the $15mil. Only three possible outcomes: All the money goes to VUP, all the money goes to RRR or the money is split between the two parties.

DYOR
---------------

Helps to outline the current situation and the major potential.

By major potential, I mean something massive !
Subject to arbitration cash arriving and the nature of the new DRC project.


.
Posted at 23/10/2024 11:06 by affemoose
597,014,925 new ordinary shares for a measly £200,000

This is Desperate times, very Desperate. The trouble with being on the ropes financially is that you are at the mercy of buyers who set the price.

They have a desperate need for some good news. Expect a flurry of the usual rampy rampy stuff.

The money raised - It's not enough to cover near-term outgoings - nowhere near enough.

They need to pay for Australia or lose the lot - remember that? (Just basic maths tells anyone that - the Aussie money owed alone is £250,000. It's due by 18th Nov (ish) - )

07th October 2024 - 'Update' available on RRR website re: Victoria.
"The payment of £250,000 due under para 5(c) of the Heads of Terms as previously announced ("Terms") has not been made by Red Rock by 18 September 2024 as required, and therefore the provisions of para 6(b)(3) of the Terms apply, by which a 60 day cure period is allowed for the payment to be made, in default of which the vendor may reacquire its sold interest for $1 plus a Note for any cash consideration paid."../
/.."A number of major shareholders have indicated their support for the increase in capital necessary to satisfy its purchase commitments under the Terms (should funds from a settlement or award in the DRC not be received in a timely manner) and subject to this, Red Rock's intention is to place equity sufficient to enable it to fulfil the payment within the cure period."

They need to pay for Sampling results for Termite mounds, They need to get alluvial mining up and running - i read this as building tailings ponds, stripping, stockpiling, wash pads, etc etc etc

Honestly - £200k - will not be enough to cover all of that. Another raise within 2-3 weeks is on the cards atm.

So..... expect more dilution very very soon. But at what price? They have rights to issue £250k at nominal amounts - nominal amount is 0.01 pence per share. That's 2.5 billion shares.

The last rights issue was at 0.0335pence per share. SO..

They have 1,902,985,075 shares left to issue under the authority the GM gave them. Even if they manage to get them off at the same price (0.0335 pence) that only gives them £637,500 left in any share raise.

The next raise could be at a lower price so adjust the number according to your price expectations.
Posted at 07/10/2024 08:49 by kemche
jlondon4 Aug '24 - 17:11 - 65 of 66
0 1 1
---Red Rock Resources, Investors Chronicle [owned by Financial Times--
Fri, 2 Aug 2024 : RRR share price 0.05p [mid].

"Share Price Forecast : Red Rock Resource: The 1 Analyst offering a 12 mth price target expects Red Rock Resources to rise to 6p in the next year from 0.0525p."
"High 6p, Mid 6p and Low 6p."

Link:
Sun, 4 Aug 2024.

Note: The above can checked for --any co-- from the FT but that is under subscription. However, Investor's Chronicle, also owned by the Financial Times [FT] does the same format but it is free to view. I check for other co's as well to see what the current Analyst forecast price is. DYOR. NIA [No warranty given by me as it is --from an external site as above]. I tend to check as its is interesting to see the latest Analyst target for any co.
Posted at 23/8/2024 11:41 by noirua
AB has gone from imminent to non-committal - a wise move.

Additional HoT terms

The Heads of Terms HoT contains additional terms including, inter alia:

- POW will retain its existing Gross Production Royalty ("GPR") of 0.75% over the footprint
covered by RRAL exploration interests.

- RRR will ensure key licence retention and specifically those licences containing the Ajax
and Berringa mines.

- POW will retain the right to purchase any individual exploration licences that are to be
surrendered by RRAL or where expenditure commitments will not be satisfied and a
reduced expenditure has not been agreed, for consideration of A$1 per licence.

- From the date of the Agreement until Completion or the Long Stop Date, whichever
shall be sooner, POW and RRR commit to contribute A$20,000 per month towards the
costs of RRAL, with any further costs to that date being met by RRR.

- RRR has committed that no significant exploration interests of, or controlling interest
in, NBGC/RRAL may be transferred out, or disposed of, or agreed to be so transferred
or disposed by NBGC/RRAL, to another party without an opportunity being given to
POW to match the terms offered by such other party; and

- Should RRR dispose in whole or part of any of the Interests within 12 months of the
HoT, 15% of disposal proceeds after agreed costs will be payable to POW, or 5% in
months 13-24 (the "Disposal Premium"). (Note: any amount payable under the Disposal
Premium is capped such that the total aggregate Consideration for the Transaction shall
not exceed 74.9% of Power Metal's market capitalisation as of the date of the Agreement,
using the mid-market closing price of Power Metal ordinary shares on the trading day
immediately before the date of the HoT).

- POW retains certain buyback rights in respect of its 49.9% holding in the event of a
payment default by RRR exceeding 60 days from the due date, save as caused by force
majeure.

- POW holds a separate convertible loan note which together with interest and charges
amounts to £94,400 of which £50,000 is payable in cash upon Completion and the
remaining £44,400 is payable in cash two months after Completion, as part of the HoT.
Posted at 19/8/2024 09:02 by noirua
The director's failure to buy shares in Red Rock in the last 27 months signals a red flag
that sees the share price down close to 99.9% since the high point in 2010. No explanation
being provided has proven to be a near-deadly poison for the market value of shareholders'
interests in the company.
The high point was 20p in 2010, allowing for the 1 for 25 consolidation in 2015 = 500p.
The present price is 0.05p down 99.9%.
Of surviving companies, this is in the running for the world's worst performance.

Time now for the Directors to buck up at least a bit with David Lenigas now in the loop.

The shares need to rise 10,000 times in value to be back to the 2010 high point. This
would certainly be a world record. Too much even for the greatest Lenigas.

That would surpass Amazon - Amazon's share price had an initial spike after two years
but tailed off in 2002. The dot.com boom followed, and Amazon became the world's largest
retailer. That's an average stock market return of over 287,000%.
Red Rock Resources share price data is direct from the London Stock Exchange

Red Rock Resources Frequently Asked Questions (FAQ)

What is the current Red Rock Resources share price?
The current share price of Red Rock Resources is 0.036p
How many Red Rock Resources shares are in issue?
Red Rock Resources has 5,684,368,839 shares in issue
What is the market cap of Red Rock Resources?
The market capitalisation of Red Rock Resources is GBP 1.93M
What is the 1 year trading range for Red Rock Resources share price?
Red Rock Resources has traded in the range of 0.0325p to 0.135p during the past year
What is the PE ratio of Red Rock Resources?
The price to earnings ratio of Red Rock Resources is -0.8
What is the reporting currency for Red Rock Resources?
Red Rock Resources reports financial results in GBP
What is the latest annual profit for Red Rock Resources?
The latest annual profit of Red Rock Resources is GBP -2.85M
What is the registered address of Red Rock Resources?
The registered address for Red Rock Resources is SALISBURY HOUSE, LONDON WALL, LONDON, EC2M 5PS
What is the Red Rock Resources website address?
The website address for Red Rock Resources is www.rrrplc.com
Which industry sector does Red Rock Resources operate in?
Red Rock Resources operates in the IRON ORES sector

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