Company Description
Red Rock is a mineral exploration and development outfit.
IPO Details
Issue Date 29-07-2005 Prospectus n/a
Issue Price 2.00p Lead Broker ARM Corporate Finance
Market Cap £2.87m Contact Tel 020 7512 0191
Method Placing
Sector Mining
Market Aim
Amount Raised £0.60m

Web site:- http://www.rrrplc.com/



Exploration update 3rd August 2006 - Red Rock Resources PLC said a significant new iron discovery has been made at its Central Yilgarn Iron Project in Australia. Jupiter is targeting extra iron ore tonnage of over 20 mln tonnes from the discovery. Production from the Central Yilgarn Iron Project is planned to be crushed on site, trucked to Menzies, 90 kilometres away, and then railed to the Port of Esperance

Exploration Update 9th August 2006 - Manganese Resource defined at Mkushi, Zambia gives an indicated tonnage of 2,365,000 million tonnes of manganese ore


Red River (RVR), which is a stock we rarely hear from, performed a similar trick, announcing the recovery of high-grade iron ore samples from a project in the Pilbara region of WA, and receiving a share price boost of A3 cents (20 per cent) to close the week at A18 cents. (courtesy of Minesite)



PLUS MARKETS LINK
http://www.plusmarketsgroup.com/details.shtml?ISIN=GB00B0CQLF79

Red Rock Resources plc said it has signed a
deal with Zambian firm Chiman Manufacturing Ltd for the processing of manganese
to produce ferromanganese.
The mineral exploration and development company said Chiman will provide
crushing, preparation, and processing of ore supplied by Red Rock's Zambian unit
from stockpiles and surface material at its Chiwefwe mining license.
The company added it expects to make first deliveries shortly.





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Kim

Plenty of talk of M/Cap of 500m next year 75p a share, nice prediction if it gets there, this is also good news for RMG who owe about 25% of RRR.

Yep, Red Rock is rocking alright Driver!

yes lol - now invested in ascot mining too

more kerrrchinnnnnnnnnnnnngggggggggggggggg!!


http://www.plusmarketsgroup.com/PLUS_news_story.shtml?NewsID=3848271&ISIN=GB00B2QH7M99/GBX/PLUS-exn

certainly an impressive performance this month, though it is always worrying when TW and friends and funds manage such a large slab, tout the stock like crazy and can manipulate the market to a greater or lesser extent

Red Rock Resources Investment in Ascot Mining pl

Andrew Bell, CEO of Red Rock Resources commented, "Red Rock is delighted to be involved with Ascot in this exciting stage of the Company's development. With these funds in place, Ascot is poised to accelerate its gold production over the coming months and is well placed to add new projects to the already attractive portfolio of gold producing assets."

Tom Winnifrith of the SF t1ps Smaller Companies Gold Fund commented, "On my calculations, and on a fully diluted basis, Ascot Mining is now capitalised at less than 18 million, with net cash of 3 million. I believe that in six months, Ascot will be generating free operating cash flow of approximately 20 million per annum. The maths are compelling. We are delighted to be a partner in such an exciting opportunity."

http://moneyam.uk-wire.com/cgi-bin/articles/201011190959184911W.html

cynic - indeed - & plenty more to come here too thankfully

one lots of people seemed to have missed is ggp - less than 2p at the moment - most concentrating on rgm, sres etc

ggp - same man at the top as rrr - and lots happening there if you are not already there - already in - free up more funds to add next week

hope you had a had week

driver - yep more good stuff - andrew bell also in charge at ggp - good synergies to come here on top of excellent prospects & still less than 2p!! gl

gibby you can use your abh funds........

a "had week"????? ..... not sure what that means, but bank manager very happy indeed

Looking good for next week.

Regency Mines PLC Update 1622hrs

http://moneyam.uk-wire.com/cgi-bin/articles/201011191622445362W.html

Todays Daily Mail.

Gold mining minnow Ascot Mining raced 14p or 60pc ahead to 86p in a thin market after announcing plans to move to AIM from PLUS Markets.

It has also secured funding of 3.7m, including 1.5m from Red Rock Resources who has taken a strategic shareholding in the company. Red Rock's chief executive Andrew Bell said: 'Ascot is now poised to accelerate its gold production over the coming months.'


http://www.dailymail.co.uk/money/article-1331165/MARKET-REPORT.html#ixzz15o8Dk56p

Ticker for Ascot Mining anybody ?

It is ASMP, trading on PLUS markets.

Thanks Very much Kim

You are welcome CLP.

baler lol - yes abh was another good 'un - as alreadt in ggp distributed that to some others nearer term in my view such as bmr, mtv etc - lots of good opportunites out there right now - obviously rrr a huge favourite of mine already - hope all good with you

cynic - apologies - that additional 'had' should of been good, glad the bm is happy

ascot an excellent move and additional string to the bow!

http://www.plusmarketsgroup.com/PLUS_news_story.shtml?NewsID=3681361&ISIN=GB00B2QH7M99/GBX/PLUS-exn

driver - yep - and the weeks beyond

postes elsewhere today - apparently an email from Andrew Bell - thought be rude not to share it as already public:

'Dear Colleagues,

You will have seen at the end of last week that we invested in Ascot Mining plc, which needed to find an investor at short notice. We can end up if we exercise our options with some 23.4% of Ascot.

Why did we do this? Ascot (http://www.ascotmining.com/ and http://www.plusmarketsgroup.com/details.shtml?ISIN=GB00B2QH7M99/GBX/PLUS-exn ) is on PLUS, where stocks trade little and most investors will not go.

First, the company has just brought a gold mine into production and is a producer, with scope for increasing production.

Secondly, the companys new plant at Chassoul is quite like ours at El Limon in Colombia, which we are just bringing into production, even down to size and the apparent metallurgy. We were able to speak to the technical management of Ascot, as well as meet management, and check their data room, and were able to make a swift assessment that there was a level of technical competence we felt comfortable with.

Third, we see some future synergies with Ascot, and the management has been extremely open and forthcoming about welcoming our involvement and encouraging us to work more closely with them. We think their depth of technical expertise is good, though the age profile of the operational people is a little too high, and perhaps even excessive for a company their size. But if their company can grow, and if they can work with us, the combined expertise and capacity opens some exciting prospects.

Fourthly, we have formed the view that the Toyota mine, which used to be their flagship project, and where they were locked out, is an excellent project offering scope for mechanised mining and a sharp increase in production, and on a balance of probabilities they are likely to recover it. They have prevailed so far in the litigation and a swift resolution may even be possible.

Fifthly, on a personal level we are comfortable dealing with their management and feel the chemistry is likely to be good.

Sixthly, they are committed to an early AIM listing and now that Tom Winnifrith and we are urging them on to this, we expect developments very quickly. An AIM listing would open up better prospects, and be likely to lead to higher prices for the stock.

Seventhly, their stock trades on XETRA as well as PLUS, so trading volumes have been reasonable.

Eighthly, they are in our area and their projects very easy to get to, but represent a country risk diversification.

Finally, we thought the deal looked cheap, and the upside compared with the cost was favourable. We think we can make money both short and long term. Indeed, the price is already trading at over twice our entry price.

I spent Saturday with the MD, and my colleague Manoli is flying to Costa Rica tomorrow from Medellin, where he currently is, to spend a couple of days on site with them.

Our non-exec Bob Weicker tried to buy the Chassoul mine in the late 80s, spent several weeks there, and has a great deal of additional information.

So we start with a reasonable confidence level, and some liquidity if we need to exit, and are now working hard to build up our knowledge base and think how we can assist.

The transaction is summarised below:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10718769

Our co-investor Tom Winnifrith has published a short report, which we enclose. We will not ourselves venture any predictions until we have done a lot more work, but we are reasonably excited so far.

Andrew Bell'