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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yes - a tad uncomfortable on commodities notably the ones we share an interest in - not sure how much impact at this level though

Yes the Dow's down 1%, so what?
What you've got to remember is this stocks been falling since the start of the year for its own reasons - its down more than 60% since Dec/Jan, so that its now ridiculously undervalued. Unlike most other junior mining stocks this stock has significant shareholdings in other listed companies that are worth now (at this level) most of the market cap. All its own mining projects (Colombia, Kenya, Greenland) are in for virtually nothing. One positive RNS is all it needs and we're back in double figures in a flash. All IMO.

yep that is basically what i meant in less words - rrr is over sold by those who do not understand the market and probably know not much about rrr at all - then act hastily by selling at a loss by following the doomsters (also as usual stop losses taken out and buys showing as sells as is the norm but hey ho) - blue day ahead imo - again not sure how much relevance to rrr circumstances probably none but a reuters extract:

LONDON, May 6 (Reuters) - European stock index futures pointed to marginal gains for equities on Friday after losses in the previous three sessions, with a rebound in commodity prices seen supporting mining and energy shares. By 0612 GMT, futures for Euro STOXX 50 futures, Germany's DAX and France's CAC were flat to 0.1 percent higher

strong buying already - not unexpected with conf call later today and many anticipating rns which ab should really put out prior to conf call today hopefully

whoops - i noticed some mug punters must have sold here and switched to vog at a high price just after vog auction - vog heading back south now - hope they didnt get locked in

i would not wanna be outta rrr right now - lol!

Details of tonight's conference call are: Friday 6th May 2011, at 6pm UK time. Please dial one of the below numbers and enter a participants access code 213129# following voice prompts. The UK number: 08448222304 International number: +44 2083222500 The following call controls are available from your phone keypad

I would not wanna be outta rrr today or over the weekend - lol!!

keep telling me gib i wouldn't wana forget.,.

will do baler - me neither lol!!

looks like others dont wanna be outta this today or the weekend too - sp going up buys are coming in right now

may get to say me kchinnnnnnnnnngggggg soon here!!

looking good for tonight - according to various chatter

blue end to the day

Very good conference call :)

Tell us more?!

Er, please!

You can listen to it for yourself here:

http://miningmaven.podbean.com/2011/05/06/red-rock-resources-conference-call/

Cheers Martin.

There's a better quality and complete recording here done by another shareholder:

http://soundcloud.com/oditmoras/tracks

yep excellent cc - poss merge with rgm at some point - cc was received well practically everywhere - expecting more blue monday - personally i am looking most fwd to july and the rest of h2 - i would not wanna be outta rrr then or now!! yeeeeeehaaaaaaaaa! gla

baler hang on to yer hat monday!!!

Discarded me at for the summer.,.

Red Rock Conference Call
6

05

2011
Live notes from Red Rock Conference Call for those who couldnt listen in pretty rough but will be tidied up later!

Colombia only precise via rns

But going up month by month, mar twice feb, april twice mar, but not satisfsctory

Progress, steady, but slow

Have couple hundred ounces

Budget projections change expenses vs costs due to lower production

Colombia no jorc timelines as focused on steady production first

Were iv for new managers in col. a few days ago some v good, shortlist of 6, come to consensus on one person who has accepted an appointment (not director level therefore not market sensitive) FORMER TECHNICAL DIRECTOR OF KAZAKHMANYS AND HOTSHCHILD Degrees in engineering and mineral economics from Peru, Canada and America, along with experience at World Bank and BHP he is enthused with our vision Keen to help sort out problems in Colombia AND ACROSS THE GROUP. Will start by the 21st, hopes to have colombia in order within a few months and potential to become a Chief Operating Officer after that or will at least stay on as consultant to make sure Colombia works out.

No other issues with the mines in Colombia

New furnace being brought in and gold is being produced, taken out of concentrate, quantities increasing. Reporting is a problem as people out there dont have the full experience. Hence new appointment.

We thought MFP had sufficient capabilities and they were very efficient in certain regards, but were lacking skills in certain areas, and the recognised this and so we took our 51% option quickly in order to rectify things. We had been over-optimistic in our initial expectations, both of timing and experience. But 2 or 3 months in the scheme of things is not important a good plant, lots of potential. Important thing for you as shareholders is not that we have problems, but how we address those problems, how seriously we take it, how we respond I hope we are now responding appropriately.

Our former guy from RSL will be coming in to look into geological nature at Colombia so will have a really good engineer and geologist being brought in to take things to the next level, so we are an international company at work, rather than a local one.

Samples from veins show some very high grades, always been a high grade mine (as shown by historic filingswas running 40g/ton) sample grades have often been in excess of this one of the reasons we got involved, allows us to make mistakes along the way would be pretty dreadful if we couldnt make a profit from this. Reluctant to quote grades until we have done enough samples etc.

We have deliberately taken a step back on RNSs and will now only say what we know and what we can prove waiting for further and better information. Great period of transformation taken 51% earlier, renegotiated agreement in our favour, replaced a lot of management

Total cost of entry into Colombia is by any standards very cheap, and a very good resource

We know youll have thought is there any bad news there theyre not telling us about so thought this call was important to let you know theres not. We arent producing what we thought we would, but we have don a lot else we thought we wouldnt need to

We have been raising funds of late, but this has gone to cover the option take-up at Colombia

Kenya have been making progress, 5 day holiday in Australia, results have been trickling thorugh, would expect in the very imminent future to know what we can get from the tailings. Wont see the result of all the money that was been spent until 2nd half of this year. But expect to be in a terrific position in Kenya by ten, expanded it substantially, better grade, more resources, open pit design for main gold area, should have moved from inferred to measured in some gold areas. Second programme later this year (planned but not fully budgeted for) we expect very substantial increase in resources. So thats also partly where the fundraising has been going

Greenland quality of the old mapping there wasnt as good as we had hoped. Got a lot of geologists doing a lot of geophysics there to establish a sound base. Thats the 3rd source of where the fund raising has been going. But consider how long jupiter took, and what we spent, and what we have gained from it.

We are bring Kenya one step closer. In colombia we were novces at production dont start off as good as some people but with the right approach, we will get there

Kansai management to Venezuela next week to flesh it all out. If results dont come soon, we might make our own proposal to Kansai shareholder. Make x million for initial investment 200,000 is attractive. But owning the resource is also appeaking. Entry price so cheap that any exit will be good. Not being aggressive. Good colleagues and good friend to them, regard them as partners, but theyve been struggling for 6 months now to get this offer underway may come a time when we put up our own offer. No lose for us so not over-bothered

We think price over-shot last year, understand why investors are now concerend. But 2p to 20p was too much. But fall through 10p psychological support, people worry will it become resistance. All I can say is Warren Buffet says in short term stock market is a voting machine, in long term its a weighing machine I hope you will judge from our actions that we are still worth supporting.

Reiteration 5 day holiday in Australia caused delay, tailings results are coming in right now, announcement asap

As far as we can see, nothing technical missing from Colombia, AB asks Manoli to add:

Manoli adds that as far as plant is concerned, no major machinery needed, a couple of mechanical glitches eg replacing pumps, but as far as major investment is concerned, there arent any. Just growing pains nothing capital equipment wise that needs to be acquired. Some capital has been acquired and ordered eg upgrade to locamotive within the mine

Kansai we arent interested in the diamonds or in Venezuela, only in the gold. Looking at various possibilities stillmay end up rescuing the existing Kansai shareholders and ending up with the assets. We are in v good position financially largest and strongest (?) shareholder in Kansaiwhat Id say is dont worry if we dont get our 10 million dollars, we have plenty of offers of finance so if we get much bigger shareholding in the gold, that will be good for us. If we pay more and get ALL the gold, probably Very good for us. Id probably rather have more of the gold than less. The Kansai money is not essential to us.

Ascot if we converted everything, would have in excess of 20% of the company. Our in-cost to rescue them was 1.5 million, current value circa 7.5 million. Have also helped them managerially as well as financially. Lent them our Spanish-speaking manager he is still there, solving problems, we have been good friends to them. AIM listing in process. Speaks on various potential at Ascot no downside as we are already on a large profit but plenty of upside potential.

Too early to tell what will happen but we follow our usual principle we wouldnt invest unless its something we would be happy to hold 100% of. Doesnt mean we will but its what we think before we invest in anything. Has been hard for Ascot to progress as hard to raise money when listed on PLUS.

RSL like Jupiter, it will have its day in the sun. Will come when uranium recovers. Also down due to sentiment after Fukishima. We see this as a blip bigger picture hasnt changed an opportunity. Our objective 50 million, with 2-5 million per year. Currently moving towards ten. Livingstonia could become JV between RSL and paladin. Whether its 10 or 20 millionprospects for growth there are good

Cue 10 million-odd indicated resource, they are drilling currentlyshould improveour experts advising them. Expecting 20-30 million before too long. Between Paraguay and Malawi, RSL will get there. [AB quite positive in tone here. Make what you will of that]

This will be announced on opening on monday high profile new executive at RSL and strengthening the team, raising money (and getting another asset in??? might have been referring to older news on this bit)

AB denies the 12% convertible loan notes mentioned on ADVFN BB and elsewhere says we have lots of offers of funding, but doesnt know of this particular one. Says if the offer does come through they will look at.

Talk of Jupiter positivity of the stock, learning from being associated with Palinghurst etc, but looking very actively at the best option as also dont want to have to issue equity at what we see as too low a price.

Mt Ida royalty how would you value it? Various talk on the figures etccan only estimate until things are more firmly set in stone but all the talk on the quality of the resource gives every indication its a top quality project, with water, power, infrastructure available. Could justify Red Rocks current price on that alone.

PURSUING POSSIBILITY OF CREATING AN SPV TO HOLD ROYALTY INTEREST AND DIVIDENDING 10% OF IT WITH RRR HOLDING THE REMAINING 90% ARE HAVING SOMETIMES THREE DISCUSSIONS PER DAY WITH LAWYERS ON THIS AND SO FAR THE VIEW IS THAT IT IS VERY FEASIBLE AND COULD GO AHEAD

AB back to talking about Greenland again recapping the poor mappingunexplored, undrilled but huge potential and limited expense.

The important stuff seems to be covered and its been a long day very interested in the talk of the SPV.

just read it. hmm, anyone who holds such things on a friday pm seems to me to be a bit, sort of, well , why not a tuesday or a wednesday, just makes me question. watch out tomorrow, may be that early spike up, just the thing to sell into maybe. just my opinion as always
please dyor and good luck to all.
regards
jkd

timing of cc not a problem to me - i have had ccs at all hours especially when participants are scattered across the globe - nothing wrong imo with the timing - gl
i expect blue tomorrow here - double figures again