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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martinl2
- 07 Apr 2011 18:09
- 343 of 859
Gold news must be very imminent now, surely?
martinl2
- 13 Apr 2011 09:49
- 345 of 859
Red Rock Resources is exhibiting at the Master Investor show this Saturday
http://www.stockopedia.co.uk/events/master-investor-2011-54065/
HARRYCAT
- 14 Apr 2011 15:29
- 346 of 859
Red Rock Resources plc announces that YA Global Master SPV, Ltd. ('YA Global'), which is advised by Yorkville Advisors LLC, has subscribed for 5,632,274 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") under the terms of the Standby Equity Distribution Agreement ("SEDA") between Red Rock and YA Global, at a price of 10.6528892 pence per Share (the "Subscription"). The proceeds of the Subscription are 600,000 before expenses, conditional on the Shares being admitted to trading on AIM.
Following the Subscription the Company's total issued ordinary share capital will be 694,006,109 ordinary shares of 0.1p. Application has been made to the London Stock Exchange for the new Ordinary 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 April 2011.
driver
- 17 Apr 2011 17:23
- 347 of 859
Red Rock Resources
Update
RNS Number : 0473F
Red Rock Resources plc
15 April 2011
RED ROCK RESOURCES PLC
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.
http://moneyam.uk-wire.com/cgi-bin/articles/201104151703420473F.html?epic=RRR
martinl2
- 19 Apr 2011 09:38
- 349 of 859
Good presentation - best yet.
pumben
- 19 Apr 2011 22:17
- 350 of 859
I hold these but the SP continues to go the opposite way from what analysts are saying unlike RRL which just appears to continue to rise.
martinl2
- 20 Apr 2011 10:01
- 351 of 859
This will resume a strong uptrend soon enough. Just wait another week or so.
martinl2
- 20 Apr 2011 11:13
- 352 of 859
RRL on the slide today pumben. I must say RRR seems a much better bet.
pumben
- 20 Apr 2011 22:36
- 353 of 859
We'll going to stick with them and I hope your right, time will tell
martinl2
- 21 Apr 2011 09:49
- 354 of 859
Lots of news to come in the next 2 to 3 weeks sort of timescale.
- Kenya tailing and drilling reports
- Greenland take up of option
- Colombia progress report (gold pour finally?)
If all this news comes and is positive but we're still at 10p we might as well all give up the investing game!
martinl2
- 01 May 2011 16:57
- 355 of 859
Loads of news due this week (see above) + JMS should rise strongly after the placing at 25% above the current price.
Get ready for a rerating this week.
pumben
- 02 May 2011 19:33
- 356 of 859
I hope so, it's been disappointing so far. Let's hope for some fireworks !
martinl2
- 03 May 2011 13:00
- 357 of 859
Oof, down 10%. Whats going on?!
gibby
- 03 May 2011 19:35
- 358 of 859
i wouldnt worry - took the opportunity to top up today - may drop a little more but i am satisfied at the sp i got today as i see rrr as one of my best shares - in 2/3 months will look back and laugh at todays sp - i think current maket cap now < 60M - ab quoted he expects it to be >500M by end of 2011 - personally i will be happy with half this - glad of these fluctuations as i am sure the mms are too - not worried here just patience required - gla
martinl2
- 03 May 2011 22:52
- 359 of 859
Completely agree. Roll on the news expected any time (as posted 4 posts ago).
pumben
- 03 May 2011 22:58
- 360 of 859
A bit worryng as it has dropped below the 200 DMA for the first tine since last July, do we think it is a tree shake by the MM's ? to remove holders before any good news
gibby
- 04 May 2011 09:43
- 361 of 859
indeed and darn glad i topped up yesterday as 2 pieces of very good unexpected news today - rrr easy end blue today imo anywhere 9 - 11p if people actually understand importance of cue rns today & ascot rns to rrr (& rgm) - here we go lol:
first ascot rns:
Ascot Mining plc (ASMP)Add to Alerts list Print Mail a friend
Wednesday 04 May, 2011Ascot Mining plc
Proposed move to AIM, Results of the AGM, Warrants
Ascot Mining Plc
("Ascot" or the "Company")
PROPOSED MOVE TO AIM, RESULTS OF THE AGM, ISSUE AND EXERCISE OF WARRANTS
London 4 May 2011. The Company announces that SF t1ps Gold Fund has given
notice of its intent to immediately exercise its previously acquired warrants
to subscribe for 2,000,000 ordinary shares at a price of 20 pence per share and
Athol Gold Limited has also given notice of its immediate intention of
exercising its previously acquired warrants to subscribe for 500,000 ordinary
shares at a price of 20 pence per share for gross proceeds of 500,000.00
(US$832,000.00). The proceeds will be used for equipment acquisitions, and for
working capital.
In consideration for the above exercise of warrants, Ascot has issued new
warrants to subscribe for ordinary shares in the Company, under the following
terms:
SF T1ps Gold Fund:
* 2,000,000 warrants exercisable at 40 pence per warrant,
* 800,000 warrants exercisable at 55 pence per warrant,
* 800,000 warrants exercisable at 70 pence per warrant; and
* 800,000 warrants exercisable at 80 pence per warrant.
Athol Gold Limited:
* 500,000 warrants exercisable at 40 pence per warrant,
* 200,000 warrants exercisable at 55 pence per warrant,
* 200,000 warrants exercisable at 70 pence per warrant; and
* 200,000 warrants exercisable at 80 pence per warrant.
The warrants are exercisable at any time up to 18 months from the date of issue
and will not be listed on any market. Ascot has also issued 125,000 ordinary
shares to Rivington Street Ventures Limited pursuant to the exercise of
warrants at an exercise price of 20 pence per share. Furthermore, Mr. David
Jackson, CEO, has converted US$250,000 of accrued fees and personal loans to
the Company into 273,009 ordinary shares at an exercise price of 55 pence
(US$0.92), such shares to be allotted to an unrelated third party.
Following the completion of the issuance of the 2,898,009 ordinary shares
referenced above, the Company will have 62,168,771 shares in issue (ISIN:
GB00B2QH7M99) and a total of 22,621,384 warrants outstanding of which
14,621,384 warrants are traded (ISIN: GB00B5222R97).
Under the previously approved Employee Stock Option Incentive Scheme, certain
Directors being David Jackson, Alex Panko and Andrew von Kursell have been
awarded 500,000 options each exercisable at 55 pence and key employees of the
Company, have been allocated 1.05 million options at 50 pence, representing a
premium over the share price at 28 April of 22% and 11% respectively. The
options shall expire on 26 April 2016.
The Board are pleased to announce that, at the Annual General Meeting of the
Company held on 28 April 2011, all of the ordinary resolutions were passed,
comprising the adoption of the annual audited accounts for the year ended 30
September 2010, the appointment of Bennett Brooks as auditors and the
re-election of Milo Filgas and Alex Panko as directors.
Finally, the Board announces that the Company, together with its advisors, is
making progress with Ascot's proposed move to the Alternative Investment Market
("AIM"). Shareholders can expect further news on this in the near future.
The Directors of the Issuer accept responsibility for this announcement.
=-ENDS--
Enquiries:
Damien Daly +44 (0) 7880 55 46 47
Alex Panko + 44 (0) 7766 08 09 25
Ascot Mining Plc
info@ascotmining.com
Heena Karani: +44 (0) 207 562 3393
Rivington Street Corporate Finance
Heena.karani@rs-cf.com
Michael Kinirons: +44 (0)207 562 3395
Bishopsgate Communications
Michael.kinirons@bishopsgatecommunications.com
second cue sale transaction:
Sale is for 20,304,385 cue shares (owned by RRR & RGM) which at 0.06c is worth CAD$1,218,263 including the loan of .2m is $1,413,263. The sale also includes 15,798,000 warrants at strike prices between C$0.12 and 0.15c which are currently way out of-the-money.
Consideration (to be split [not equally] between RRR and RGM) is C$2.2m. Please correct me if I am wrong but excluding the out-of-money warrants this equates to a 55% premium to current value.
IMO an excellent deal to me (for all parties involved) and probably / very likely the first step for RSL towards its transformational deal that AB mentioned in the conference call.
yeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaa!!!!