moneyman
- 30 Apr 2007 23:13
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.
Powered by IST's
kimoldfield
- 14 Dec 2010 17:00
- 185 of 859
Another RNS:-
Dated: 14 December 2010
Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium, and rare earths reports that it has entered into a Standby Equity Distribution Agreement ('SEDA') for up to 10,500,000 with YA Global Master SPV Limited ('YA Global'), which is advised by Yorkville Advisors, LLC, an investment group headquartered in New York and active across North America, Europe and the Asia Pacific region.
Under the SEDA, YA Global has agreed to subscribe in tranches for up to a maximum of 10,500,000 of the Company's ordinary shares of 0.1 pence each ('Ordinary Shares') over a period of up to 36 months from the date of the agreement. Subscriptions will be at a price calculated by reference to the market price at the time of subscription and will take place at timings and intervals and in sizes determined by Red Rock, subject to some limitations including marketability which may limit the total amount available under the SEDA.
The existing Standby Equity Distribution Agreement with YA Global, dated 30 April 2009, for up to 3,000,000 has been simultaneously cancelled with 500,000 of the commitment amount undrawn at the time of cancellation.
Red Rock has subsequently entered into a new loan agreement with YA Global, under which it has borrowed US$3,000,000 from YA Global. The loan carries interest at 12% p.a. and is repayable in five instalments with the last instalment due on 3 May 2011 (the "Loan"). The Loan is secured under the SEDA and by security over 21,266,540 of the ordinary shares in Jupiter Mines Limited held by Red Rock. Should the Company decide to sell any of its Jupiter Mines Limited shares, the proceeds of such a sale must first be applied to the repayment of the Loan before being applied to any other use.
Following the repayment of the balance of a loan dated 16 September 2010 from YA Global to Red Rock, implementation fees and associated expenses in relation to the SEDA and the Loan, the Company expects the Loan to provide approximately US$2,000,000 to purchase resources assets.
The purpose of these arrangements is to diversify the Company's funding options and to enhance the Company's capability to take decisions on further investment.
kimoldfield
- 14 Dec 2010 17:26
- 186 of 859
And yet another!
Issue of Equity
Dated: 14 December 2010
Red Rock Resources plc ("Red Rock" or the "Company") announces that it has placed 2,666,667 new ordinary shares of 0.1 pence each ("Shares") in the Company to a single institutional investor at a price of 15.0 pence per Share (the "Placing"). The proceeds of the subscription are 400,000 before expenses, conditional on the Shares being admitted to trading on AIM.
Following the Placing, the Company's issued ordinary share capital will be 678,211,050 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 20 December 2010.
kimoldfield
- 14 Dec 2010 18:01
- 188 of 859
Yep Driver, the company is starting to make a few waves and get noticed. Not before time!!
goughpj
- 14 Dec 2010 19:02
- 189 of 859
Great company; its CEO is very able and an excellent communicator. He has amassed all sorts of deals with other small miners which add up to a quite sizeable stable of iron ore, gold, uranium,coal, rare earths... all very close to producing or have actually got started ie not just exploratory. He has ambitions to become a mini Rio Tinto, and has certainly taken some decisive steps towards this.
gibby
- 14 Dec 2010 21:10
- 190 of 859
kerchinnnng
ab at the helm this is great beats the fi exp for now
and any spare cash mtv real low for now dont forget sxx
driver
- 20 Dec 2010 14:59
- 191 of 859
HARRYCAT
- 21 Dec 2010 11:09
- 192 of 859
Dated: 21 December 2010
"Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium, and rare earths reports on developments.
Colombia
The gold treatment plant at El Limon has begun test production at 30 tpd capacity, and the process of ramping up production will continue after Christmas, with 150 tpd capacity expected to be in place by mid-January. The plant will not at first run at full capacity.
Some recalibration and adjustment at the ball mill and delay in delivery of agitation paddles by one local supplier, set back the expected timetable by four days for initial operation and by up to three weeks for commissioning of the larger flotation cell circuit, necessary for full capacity operation.
Kenya
Drilling continues, and a full report on progress to date is expected shortly following the return of some supervisory staff to London for the Christmas break.
Tasmania
A previously undrilled 3 km North-South trending magnetic anomaly on the Arthur River tenement was being tested by a four hole reverse circulation drill programme across the waist of the geophysical target. An apparent magnetite amphibolite dyke has been encountered. The fourth hole, which encountered mineralisation just before it ended, may indicate that the first four holes were drilled down dip, and a fifth hole has therefore been drilled back at a 60 degree angle towards the earlier holes. This fifth hole has encountered, and ended in, prismatic magnetite mineralisation, with veinlets of massive magnetite."
pumben
- 21 Dec 2010 13:15
- 193 of 859
The Tasmania update, what does it mean in layman terms ? Sounds positive ?
Columbia, disappointing that they only announced the delay today, surely they would have known before considering their previous RNS issued 2 weeks ago.
pumben
- 21 Dec 2010 15:25
- 195 of 859
thanks I'm in RRR and RGM looks interesting but watching that one
na sdaq
- 22 Dec 2010 13:58
- 197 of 859
Jms stake gets bigger each day yet the mm's keep dropping the price although 0.5p premium for 100k buy
driver
- 23 Dec 2010 10:18
- 199 of 859
Nice Set Of Results. 22 December 2010
The Future
Exploration continues at Migori and Arthur River, where we expect news shortly. We hope to realise a profit from our holding in Kansai Mining Corporation, our partners at Migori. Also, we expect to work with Resource Star Limited and Cue Resources Limited to reap the benefits of our investment in uranium and rare earths.
We expect continued progress in steel fields from Jupiter which we expect to be active in exploration, mine development and corporate deal making. We look forward to the declaration of a JORC Resource at Mt Ida. We will seek a way to give our Shareholders the ability to measure and trade the market value of our Mt Ida royalty.
We will drive ahead with our gold production in Colombia, looking to add new properties and we will work closely with our colleagues in Costa Rica on new opportunities. We expect to exercise our option to acquire over 50 per cent of MFP during the Company's current financial year.
The current year will be one of continued progress. We are aware that achieving the same levels of growth will be harder, but it is achievable, and becoming for the first time a producer with regular cash flow will be an important milestone for us and open up many new opportunities. We are staffed and equipped for growth.
Andrew Bell
Chairman & chief executive
22 December 2010
http://moneyam.uk-wire.com/cgi-bin/articles/201012230700115007Y.html
HARRYCAT
- 23 Dec 2010 11:02
- 200 of 859
StockMarketWire.com
Mineral explorer and investor Red Rock Resources plc reported a pre-tax profit of 4.75m for the year to June 30 against a 2009 loss of 0.93m.
The profit was mainly a result of a substantial gain on disposal of assets to Jupiter Mines.
Revenue from management services was 9k against the previous 3k.
Total revenue and net gains from sales was 6.1m, previously a negative 39k.
Chairman and CEO Andrew Bell said Red Rock was moving towards production in some of its associated companies and looking at the possibility of declaring an interim dividend in early 2011.
HARRYCAT
- 29 Dec 2010 11:01
- 201 of 859
Dated: 29 December 2010
Red Rock Resources plc announces that it has placed 4,227,967 new ordinary shares of 0.1 pence each in the Company to a single institutional investor at a price of 14.1912164 pence per Share. The proceeds of the Placing are approximately 600,000 before expenses, conditional on the Shares being admitted to trading on AIM.
Following the Placing, the Company's issued ordinary share capital will be 682,439,017 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM. Dealings are expected to commence at 8.00 a.m. on 5 January 2011.
skyhigh
- 30 Dec 2010 09:53
- 202 of 859
SP perking up abit after a period of consolidation and good statement released from RGM...onwards and upwards!
cynic
- 30 Dec 2010 10:11
- 203 of 859
4x it has challenged and failed at 16.0, so sp clearly needs to break that level with some impetus ..... should that happen, then there may indeed be a few (minor) fireworks
gibby
- 05 Jan 2011 07:29
- 204 of 859
from a couple weeks ago - a reminder..
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=10737967