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.
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graylyn2
- 03 Aug 2007 07:54
- 26 of 859
RSL news monday, and rsl was up by 21% today Red Rock share price will soon blow 5p away! DYOR
graylyn2
- 04 Aug 2007 15:36
- 27 of 859
And a nice chart to admire!
graylyn2
- 05 Aug 2007 17:46
- 28 of 859
Zambia's uranium system better than central US's, that has yielded more than million tons
http://www.miningweekly.co.za/article.php?a_id=113473
By: Martin Creamer
Published: 3 Aug 07 - 0:00
Zambia has the potential to be one of the worlds largest uranium producers, says African Energy Resources executive chairperson Alasdair Cooke.
In addition, Zambia is one of the best places for making mining projects happen, he told last weeks Capital Resources conference, in Botswana.
He says Zambias Karoo uranium system has far greater potential than a more celebrated one in the central US, from which a million tons has been extracted over the years.
The uranium geology crosses the Zambian border into Tanzania and you are looking at nearly 1 000 km of strike length.
African Energy will just be scratching the surface of it with its proposed projects.
He says there are currently many uranium projects, which has investors pondering which will actually reach production stage.
He believes nonunderground prospects with simple geology and metallurgy are the ones that will reach that stage and also those served by good exist- ing infrastructure.
We are very lucky in Zambia, where we have excellent power infrastructure, he says.
The Australian companys Zambian uranium prospect is located 20 km from the Kariba hydroelectric power scheme, where there are good road access and ample water.
Were very confident that we can develop these projects very fast, he says.
The politics of Zambia are excellent and the company has had among its best experiences ever in terms of speed and efficiency of project development.
It applied for a mining lease less than 18 months ago and opened a boxcut only four months after that.
Its a mining economy and getting people is so much better than in Australia, where it is hopeless, Cooke says.
He describes his Zambian workforce as fantastic.
Edited by: Martin Zhuwakinyu
graylyn2
- 07 Aug 2007 16:21
- 29 of 859
Red Rock Resources Sale of Orion
RNS Number:6911B
Red Rock Resources plc
07 August 2007
RED ROCK RESOURCES PLC
Completion of Sale of Orion
Dated: 7 August 2007
Red Rock Resources plc ("Red Rock" or the "Company") the mineral exploration and
development company focused on advancing iron ore, uranium and manganese
projects in Australia and East/Southern Africa, announced on 9 May the proposed
acquisition of Orion Exploration Pty Ltd ("Orion") its wholly owned uranium
exploration subsidiary and certain other uranium tenements by Retail Star
Limited ("RSL") (the "Acquisition").
It was announced that RSL (ASX:RSL) a company listed on the Australian
Securities Exchange had agreed Heads of Terms to acquire 100% of Orion, owner of
Red Rock's Australian uranium assets, and certain other uranium tenements.
The Extraordinary General Meeting of RSL took place in Perth, Western Australia
on Monday 6 August 2007 and approved all the resolutions required to implement
the agreement between the Company and RSL. The acquisition by RSL of Orion and
interests in the other uranium interests has now been completed.
The consideration for the Acquisition was AUS$1.5 million in cash. The cash
consideration was funded through Red Rock subscribing for 80 million fully paid
ordinary shares in RSL at AUS$0.015per share, 20 million options (with an
exercise price of 2.5 cents each and an expiry date of 30 June 2008) at AUS$0.01
per option and 20 million A Performance Shares in RSL which will convert into
ordinary shares when the Celia tenement application in the Rum Jungle Mineral
Field in the Northern Territory of Australia (ELA 24414) is transferred to RSL's
nominee, issued at a subscription price of AUS$0.005 per A Performance Share.
The Company also received, 30 million C Performance Shares in RSL which will
convert into ordinary shares when the legal and beneficial interest in the
Chintheche uranium exploration license in Malawi is transferred to RSL's
nominee, issued for no consideration, and 30 million B Performance Shares in RSL
which will convert into ordinary shares when a further mineral application in
Malawi is granted and is transferred to RSL's nominee, issued for no
consideration.
The 80 million ordinary shares of RSL currently held by the Company represent
circa 15.6% of the issued ordinary share capital of RSL as enlarged by the
Acquisition and are subject to a voluntary restriction for twelve months from
the date of issue.
Following a simultaneous placing of 37,500,000 new shares at AUS$0.015 by RSL,
RSL currently holds approximately A$2.1 million in cash, part of which will be
used to fund the further development of the tenements through a proposed
exploration budget of AUS$225,000 in year one.
At the close of trading on the Australian Stock Exchange on 7 August 2007 the
RSL shares were trading at AUS$0.027 per share.
The Company's Chairman, Andrew Bell, has been elected as Chairman and Director
of RSL, and Manoli Yannaghas has been appointed a Director of RSL.
Andy
- 31 Jul 2008 13:10
- 30 of 859
new article available
HERE
pisces
- 05 Feb 2009 12:53
- 31 of 859
Apparently Jupiter mines are sat on something massive and rrr have an 8% stake, bodes wll for coming months + rgm who are both up today. Top up time?
Balerboy
- 05 Mar 2009 11:13
- 32 of 859
This one seems to be climbing well with no news?? any body in? Good volume and buys today, wondering how long to stay in.
Andy
- 18 Mar 2009 08:47
- 33 of 859
Interview with the CEO, click
HERE
Andy
- 14 Jul 2009 13:54
- 34 of 859
Andy
- 17 Aug 2009 19:46
- 35 of 859
Reaction to news,
click HERE
wizardsleeve
- 18 Aug 2009 12:33
- 36 of 859
Just seen this posted on ADV.......may be worth a punt becasue some good news due on this one
LONDON (Dow Jones)--Red Rock Resources PLC (RRR.LN), a mining exploration and mineral investment company, said Monday it has entered into an agreement with Kansai Mining Corporation Limited whereby it may acquire up to 60% of the issued share capital of Kansai's wholly owned subsidiary company Mid-Migori Mining Company Ltd, a company incorporated in Kenya which owns the beneficial title and mining rights to the Migori Gold Project.
MAIN FACTS:
-The Migori Gold Project has an Indicated Resource of 1,172,000 ounces gold, with an expectation that this figure may be raised significantly on resumption of the incomplete 2007 drill programme.
-The company has paid a non-refundable cash deposit of $25,000 and has until September 10 to complete due diligence.
-On satisfactory completion of due diligence, the company will be allotted 15% of the issued share capital of Mid-Migori for a total consideration of $725,000.
-The Migori Gold Project comprises two contiguous special prospecting licenses SP202 and SP122 covering an area of 310.5 square kilometers and situated in south western Kenya approximately 290 km west of Nairobi.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; ian.walker@dowjones.com
(END) Dow Jones Newswires
August 17, 2009 02:29 ET (06:29 GMT)
diggingdeep
- 18 Aug 2009 16:11
- 37 of 859
http://www.moneyam.com/InvestorsRoom/posts.php?tid=14368#lastread
wizardsleeve
- 29 Sep 2009 10:12
- 38 of 859
latest on this stock from another bb.......
29th September 2009
Analyst: Thomas Jones
thomas.jones@t1ps.com
020 7562 3371
Red Rock Resources* Unlocking Value from Iron Ore, Uranium and Gold Assets. Buy at 1.625p with a 3.02p Target Price.
Key Data
EPIC
RRR
Share Price
1.625p
Spread
1.6p 1.65p
Total no of shares
464.8 million
Market Cap
7.6 million
12 Month Range
0.375p 2.05p
Net Cash
400,000
Market
AIM
Website
www.rrrplc.com
Secto rMining
Contact
Andrew Bell, Chairman & CEO
Tel: 0207 402 4580
Red Rock Resources is an AIM listed mining company which has attracted the backing of major mining investment company Pallinghurst for the development of its iron ore projects through ASX listed Jupiter Mines. Iron ore and manganese is currently Red Rocks big draw card and underpins the valuation of the company, but it also owns attractive uranium and gold assets in Australia and Malawi, and we believe that Red Rocks underlying asset value is at least 3.02p per share. The company has net cash, an experienced and entrepreneurial management team and we initiate coverage at 1.65p with a stance of buy.
Recent developments have seen Red Rocks stake in Jupiter, a company now backed by both Pallinghurst and the Korean group POSCO, rise to 93.1 million shares (25.21%). At the current share price of A$0.205 this investment is worth 9.5 million or 2.05p per share to Red Rock.
Red Rocks uranium interest is a 27% stake in ASX company Resource Star Ltd. With 7 tenements in the Northern Territory, one in Western Australia and 2 in Malawi, Resource Star is building its uranium portfolio and strategic partnerships as it looks to prioritise future development work and re-list this autumn.
On the gold front, while Red Rock has a gold prospect in the Eastern Oakover tenement in Western Australia, the near-term interest is in the recently acquired operating interest in the Migori greenstone belt of southwest Kenya.
Our valuation of Red Rock is derived from the current market valuation of its stake in Jupiter Mines, a risk weighted valuation of its stake in Resource Star and the 4 Kenyan gold licences, and its net cash position or 400,000.
The fact that a small company like Red Rock has negotiated a partnership, through Jupiter, with a large industry player in Pallinghurst, and subsequently with POSCO, indicates the attractive nature of its assets and must be viewed as a coup for the management team. Establishing a gold business with the potential of modest near term cash flows, together with its debt free status and cash on hand of 400,000, leaves Red Rock non-reliant on the equity markets for short term funding and, indeed, able to exploit opportunities created by the inability of others to raise funds. We believe that Red Rocks underlying asset value is at least 3.02p per share and initiate our coverage at 1.625p with a stance of buy.
*RSH, the ultimate owner of GE&CR owns shares in Red Rock Resources.
ravey davy gravy
- 22 Oct 2009 09:49
- 39 of 859
As a current holder i feel aggrieved at the current valuation.
They have a stake in Jupiter Mines which is worth 10 million, that alone is 20% more than the market cap, so everything else is valued at zero, i can understand that they would not be able to sell that stake in one go at that price unless a offer or a buyer approaches them but they have several other interests.
And given this is a hot sector this one seems to be a little left behind.
ravey davy gravy
- 22 Jan 2010 10:49
- 40 of 859
Here comes the whoosh time !
No stock available online, little shake on the back on the poor markets which only
flushed out one seller, another 500k worked sell order cleared and full offer to buy
and limits cut to zero.
Should get back into that breakout zone later.
ravey davy gravy
- 23 Jan 2010 00:24
- 41 of 859
Just shows how stupid the penny market is at times and why some small cap
punters will never make their livings from trading penny stocks.
This company has just one stake in one other company worth well in excess
of the current market cap, it has all sorts of other investments and potential
blockbusters and punters bail out like the world is ending.
It's borderline desperation, more or less you are a buying a pound for approx
30-40 on just a cautious valuation, the market makers are simply evil in this
stock, the manipulation is brilliant and if i was a mm i would do the same if
the mugs would bail the minute i drop my prices at a fraction of NAV.
thehub
- 25 Jan 2010 07:54
- 42 of 859
LIAR BANNED FOR LIFE ON ADVFN RVDD OR IS THAT VD YOUR INFESTED QUOTES4U/8TRADER/TRADER8/21SIMTHY/23SIMTHY.
alemil
- 28 Jan 2010 16:01
- 43 of 859
ravey davy gravy
- 28 Jan 2010 16:30
- 44 of 859
It's always going to be very cheap when it remains under the NAV by such
a wide margin, 1 mil seller got fleeced, took Wins about 5 minutes to clear
that stock on for a 10%+ gain but plenty of others will be more than happy
to get more stock around 1.55p including me.
ravey davy gravy
- 25 Feb 2010 11:09
- 45 of 859
Now if the new buying stream can continue then they can extinguish the long line of sellers who are predicting that the price will fail again to break 2p resistance, i think there's too much newsflow and simply a NAV way higher than current SP should force the breakout today, waited long enough.