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

http://www.moneyam.com/InvestorsRoom/posts.php?tid=14368#lastread

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.

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.

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.

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.

LIAR BANNED FOR LIFE ON ADVFN RVDD OR IS THAT VD YOUR INFESTED QUOTES4U/8TRADER/TRADER8/21SIMTHY/23SIMTHY.

Speculative Buy: http://uk-analyst.com/shop/page-article/action-article.show/id-130002810

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.

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.

Not a chance, market makers always win with this stock, they close the online buying shop when they have no stock, sit back and wait for the seller then start
to push it down, convinced it will break 2p next week but now they seem to have
found yet more stock, where is it coming from this time, most buys showing as sales again, well it was 1.83p to buy on a 1.75-1.95p spread but back nearer
the offer price at 1.89p online as bargain hunters return, test your patience out
this stock, must be over 10 times 2p resistance has been tested and failed.

Looking good this morning, 1.8p bid but real sale prices are 1.9p so some mm's
are short of stock again, one maybe two still have stock and can offer smaller
buys 1.95p next to the 2.05p monitor price so real spread tight and well inside
the 0.25p showing, will it wont it will it wont it, going to test the 2p again and
still feel Monday will be the breaking point on the resumption of trading in Resource
Star, it's stake in Jupiter Mines is still worth more than the whole market cap
of RRR alone, sooner or later it has to re-rate...dyor

1.8-2.05p

1.95p bid for size, 2.05p offer 25k max, brilliant limits and here's hoping (praying)
it finally breaks out above 2p.

Closed over 2p mid but needs to hold and break next week.

Buys were flying on Plus, mm's bidding 2.02p at close or mid price, expect a buy
to show, they took on a few million shares at mid price and they dont give away
money so they must have a matching buyer for it all.

Roll on Monday.

Just incase somebody else actually does read this there was no buy order but
all the buying to match the sales were hidden on plus, they try every trick in
the book with this stock, all the sales show up on normal monitor and the vast
majority of buys hidden on plus including a premium buy sneaked in just before
the close at 2.2p

26/02/2010 16:29:53 2.20 225,691 O 4,965.20
26/02/2010 16:28:14 2.10 75,000 O 1,575.00
26/02/2010 16:27:48 2.10 100,000 O 2,100.00
26/02/2010 16:25:24 2.05 50,000 O 1,025.00
26/02/2010 16:24:35 2.00 51,014 O 1,020.28
26/02/2010 16:24:30 2.05 14,197 O 291.04
26/02/2010 16:20:58 2.05 33,036 O 677.24
26/02/2010 16:20:14 2.05 206,480 O 4,232.84
26/02/2010 16:12:00 2.05 96,367 O 1,975.52
26/02/2010 16:10:41 2.05 144,644 O 2,965.20
26/02/2010 16:10:38 2.05 72,321 O 1,482.58
26/02/2010 16:08:45 2.05 100,000 O 2,050.00
26/02/2010 16:06:55 2.05 25,605 O 524.90
26/02/2010 16:02:35 2.05 678,852 O 13,916.50
26/02/2010 16:01:59 2.05 145,360 O 2,979.88
26/02/2010 15:56:38 2.06 300,000 O 6,180.00
26/02/2010 15:51:24 2.05 23,689 O 485.62
26/02/2010 15:49:34 2.05 25,000 O 512.50
26/02/2010 15:48:43 1.95 40,000 O 780.00
26/02/2010 15:42:19 2.05 16,020 O 328.41
26/02/2010 15:40:20 2.05 28,639 O 587.10
26/02/2010 15:40:05 2.05 100,000 O 2,050.00
26/02/2010 15:31:15 1.95 17,975 O 350.51

You really should get a life RDG

Go back to advfn if you want to get personal !

RRR is about to break a massive resistance level and it's worth updating even if
i am talking to myself, my information is always 100% genuine and Monday could
see the price breaking a huge resistance level.

ps....sold 500k PPR at 0.46p that i paid 0.37p...done that a few times..pays
for the beers this weekend :-))

Sheep traders bailing out the market makers again !

They just cannot wait to get out as soon as a mm turns red.

Asset value well in excess of current price but they still cannot
get out quick enough, i'm not selling any, let the mm's make their
money, they will turn and push it higher again soon and make sellers
pay higher to buy it back.

Quite incredible yet again that it would seem no mm intends to mark up RRR on the back of it's valuation in Jupiter Mines alone being worth far more than the current price especially after it rose sharply in OZ last night.
If i'm not mistaken i make the Jupiter Stake worth at least 2.4p alone and after
recent news the stock has become extremely liquid too so it's not that they could not sell any of it without hurting the price that much.
Got to be patient, RRR should be trading at double the price, all of it's assets and
stakes in various companied value it at this so it cannot surely stay around these
levels for another 6 months.

I have seen some suggestions that this company intends to pay a dividend this year. Can anyone confirm this is correct?

Martin, from RRR's half-yearly report for the six months ended 31 December 2009 on 31 March 2010:-

"The disclosed interim pretax profit of 3,223,698 (2008 interim loss of 1,958,017) was sufficient to eliminate the accumulated deficit and, provided there are no significant setbacks between now and the 30 June financial year end, should allow the Company to declare its first dividend in 2010."