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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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'

gibby

Cheers for the post, Ascot has a target of between 65 and 105p so looking good for RRR

i am deeply suspicious of posts that quote e-mails and the like from the CEO ..... if the CEO has indeed written, especially if the info is not already in the public domain, it smacks of unprofessionalism and worse

driver you are welcome - as an earlier post rrr is not limited to one area thankfully - good news coming and due from all sides at different times - great day today - here, ggp, rgm etc hope it went well for you also

evening cynic - i did consider whether or not to post this - but it is somehow in the public dom. already so whether i post or not it is available anyhow - personally if it was not in the public domain already i would have contacted ab for permission to post

I can confirm that the email above is genuine, and was sent out to the mailing list.

This share unlike most others has a mailing list that anyone can sign up to on the website. That's why you will rarely see posts about emailing the board on Red Rock boards unlike most others, because the companies communications are so good, there is never any need to.

Red Rock and Regency:
GE&CR initiated coverage on Regency Mines* (RGM) with a "speculative buy" recommendation and 9.5p target price. The research house believes that the undoubted success of Red Rock Resources*, in which Regency has a 20.96% stake, has attracted attention away from the firm. Nevertheless, GE&CR thinks the company has an impressive portfolio of nickel, copper and gold licences and the next twelve months could see the board monetising some of these interests. This will allow the hidden value in these projects to be highlighted, it added. Regency shares climbed 0.3p to 8.2p.

thanks martin ... always good to have such things confirmed

Deleted.

for any that may not know already.....this is from 23rd november....Red Rock additionally owns 15.8% of Cue Resources Ltd, which owns the Yuty roll front uranium project in Paraguay which has an Indicated and Inferred Resource of 9.5 m lbs of uranium.

Cue has stsrted drilling

http://www.cue-resources.com/s/NewsReleases.asp?ReportID=430231

News Releases Nov 23, 2010

Cue Resources Ltd. Commences Drilling on the San Antonio Uranium Deposit

Vancouver, BC, November 23, 2010 - Further to the news release on Nov 17th, 2010, Cue Resources Ltd. ("Cue" or the "Company") has commenced the continuation of drilling on the San Antonio uranium deposit located on the Company's 100% owned Yuty project in Paraguay. Drilling will consist of 30 holes totaling approximately 3600 meters and will test the western extension of the main deposit. Cue is utilizing three drills to meet the targeted completion date of Dec. 31st, 2010. (See Figure 1)

This current round of drilling is a continuation of the exploration started by Cue in July of 2007. Since that time, Cue has drilled approximately 28,000 meters, in 223 holes, resulting in an NI 43-101 compliant resource including an Indicated Resource of 9.0M tonnes @ 0.042% eU3O8 containing 8.3M lbs eU3O8 and an Inferred Resource of 1.1M tonnes @ 0.050% eU3O8 containing 1.2M lbs eU3O8.

The company is targeting shallow, roll front related, uranium in sedimentary rocks. The basal sandstone unit (San Miguel Formation) is a favorable host for uranium mineralization.

"We are committed to continue the exploration of the San Antonio deposit in areas not previously drilled. This phase of drilling could determine the boundaries of the western extension of the main deposit and further define the parameters of the deposit. From this data, we will determine the next phase of drilling to follow," stated Robert Tyson, President and CEO of the Company.

info - TradeTech's Uranium Spot Price Indicator is $59.90 per lb U3O8. - November 19, 2010The uranium spot price moved upward
http://www.kitcometals.com/

http://www.uraniuminvestingnews.com/1694/cue-resources-low-cost-in-situ-recovery-potential.html

gibby

Cheers, Chart looking more healthier now and on RMG

http://uraniuminvestingnews.com/1694/cue-resources-low-cost-in-situ-recovery-potential.html