Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.

Red Rock Resources (RRR)     

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.

Chart.aspx?Provider=EODIntra&Code=RRR&Si



Powered by IST's



kimoldfield - 06 May 2011 23:49 - 391 of 859

Cheers Martin.

martinl2 - 07 May 2011 09:45 - 392 of 859

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

http://soundcloud.com/oditmoras/tracks

gibby - 07 May 2011 13:23 - 393 of 859

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

gibby - 07 May 2011 13:24 - 394 of 859

baler hang on to yer hat monday!!!

Balerboy - 07 May 2011 21:34 - 395 of 859

Discarded me at for the summer.,.

gibby - 08 May 2011 20:53 - 396 of 859

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.

jkd - 08 May 2011 21:45 - 397 of 859

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

gibby - 08 May 2011 22:07 - 398 of 859

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

gibby - 09 May 2011 07:48 - 399 of 859

http://www.investegate.co.uk/Article.aspx?id=201105090726401821G

RED ROCK RESOURCES PLC

Update and Appointments

Dated: 9 May 2011



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.



Appointments



The Company is pleased to announce appointments at its 24.7 per cent. associate Resource Star Limited (ASX: RSL) and in its Colombian operations.



RSL, the ASX listed uranium and specialty metals exploration company, has appointed Simon Heggen as Managing Director and Chief Executive Officer as RSL moves to a new phase of its development on both the exploration and the corporate fronts. Simon Heggen brings with him over 25 years of Australian and international corporate and business development experience spent largely in the resource sector. Between 1995 and 2005, He was Group Manager Business Development at WMC Resources, the publicly listed company acquired by BHP Billiton. He has also worked at managerial and board level at other leading companies, including Boral, Wesfarmers, and Schroders Australia. Most recently he served as a director of Austock Corporate Finance from 2007 to 2009, focused on equity capital market and merger and acquisition transactions, and as director of a private corporate advisory company.



Andrew Bell, Red Rock's representative on the RSL board, will remain on the RSL Board as its chairman.



Richard Evans remains as a consultant and geological adviser to RSL, and will take up in addition a wider role within Red Rock as Chief Scientific Adviser. Mr Evans has a BSc degree in geology from the University of Melbourne and a postgraduate qualification in business studies. He is a Member of the Australasian Institute of Mining and Metallurgy, with 25 years' experience in the mining industry. He spent 18 years with WMC Limited in a variety of technical, commercial and managerial roles; including front-line exploration and production, project assessment and feasibility. This also included five years based in South Africa and Mozambique progressing WMC's Corridor Sands Project. Since 2009 he has worked with RSL as CEO and latterly as geological consultant.



The full text of the announcement is given at: http://www.asx.com.au/asxpdf/20110509/pdf/41yjl3hgg43ybs.pdf



In addition, the Company has engaged the services from 21st May of Oscar Alvarado, initially as Chief Mining Operations and Development Officer. Sr Alvarado, who has dual Peruvian and Canadian nationality, will for an initial period be tasked with optimising the operations of the Company's 51% owned subsidiary Mineras Four Points SA (MFP) at El Limon and Machuca, through training, operational adjustments, and mechanization where appropriate, and putting in place management and systems appropriate to the Company's long-term development plans in South America. It is envisaged that Sr Alvarado will then move to a senior group-wide role.



Oscar Alvarado graduated with a BSc in Mining Engineering from the National University of Engineering in Peru, and later returned to the academic world to obtain an M.B.A. from Nova University in Florida, and an MSc in Mineral Economics from Queen's University in Kingston, Ontario, where he carried out further studies in metallurgy. He is a Member of the Canadian Institute of Mining, the Australasian Institute of Mining and Metallurgy, and the South African Institute of Mining and Metallurgy.



Sr Alvarado has 37 years of mining experience, beginning as a Mine Foreman, later a Mine Superintendent, and having his first Mine Manager's position in 1979 at Minas San Cristobal in El Salvador. In 1984-5 he was Project Manager on the design and construction of a 200 tpd mine-mill complex mining narrow high-grade gold veins in Choco, Colombia. He subsequently worked for 12 years for Noranda, Inc in Canada and Latin America, where he was Business Development Manager, for Placer Dome in South Africa, in a senior management post at Ok Tedi in Papua New Guinea, as a study manager for BHP-Billiton's Olympic Dam expansion, before a period at the World Bank/IFC. From 2007 to 2010 he was Technical Director at Kazakhmys plc, and from 2010 to 2011 Technical Director at Hochschild Mining plc based in Lima.



The appointment of Oscar Alvarado is an important step in the Company's programme of strengthening its technical and operational capabilities.



Kenya

Further metallurgical results on the Macalder tailings have been received from Amdel Laboratories in Perth and are being assessed by the Company's metallurgist.



The drill programme at Migori intensified despite the rains as each drill from overseas arrived and was brought into operation. After 1,679m drilled in March, 3,481m were drilled in April and 1,637m in the first six days of May.



The current programme is expected to continue into July, and may be extended.



Colombia



The Company has put in place new corporate management at Mineras Four Points SA since acquiring 51% in March 2011, and in conjunction with that management has made key staff changes at the mine. These changes have already yielded results, and the improvement is continuing. Daily throughput figures for tonnages continue to increase progressively as the mine and plant operations are improved, but are not yet at satisfactory levels.



Production of gold has been on a batch system, because of small volumes of material to date, and is mainly recent, because of replacement of a furnace. Some gold is held in concentrate, and figures for gold production on a daily basis are not yet available, but will be released as soon as a meaningful run of figures can be produced.



Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/1821G_-2011-5-9.pdf


As noted above, the Company has engaged a highly qualified engineer and manager with experience in building and running high grade narrow vein gold mines and gold plants in South America to take immediate hands-on leadership of the process of management recruitment, workforce training, operation, and investment at the MFP mines.



Key investments - appointment at Jupiter Mines Ltd



The Company's key investment and former associated company, Jupiter Mines Ltd (ASX:JMS), where Red Rock continues to hold 74,200,832 shares, announced today the appointment of Richard Mehan as CEO and Managing Director.



Richard Mehan, an economics graduate from Monash University in Victoria, has over 25 years experience in the iron ore and coal sectors, and was most recently President and CEO Asia Pacific of Cliffs Natural Resources Pty Ltd. He was Managing Director and CEO of Portman Limited before its takeover by Cliffs Natural Resources Inc., an S&P 500 company, and was instrumental in transforming Portman into a profitable 9m tpa iron ore exporter through Esperance port. Most of the issues faced by JMS in developing its Mt Mason and Mt Ida iron ore projects (Red Rock has a 1.5% gross production royalty over Mt Ida) are similar to those faced by Portman at that time.



Previously Richard Mehan worked for 15 years for Rio Tinto in sales, marketing, business development, and logistics.



The full text of the announcement is given at: http://www.asx.com.au/asxpdf/20110509/pdf/41yjl84k74m81p.pdf

gibby - 09 May 2011 08:13 - 400 of 859

heading in the right direction - more to come imo

Balerboy - 09 May 2011 08:36 - 401 of 859

Did i miss the spike........more of one on xel.,.

martinl2 - 09 May 2011 09:55 - 402 of 859

Shorts still not closing it looks like (unless they closed Friday), but they will.

martinl2 - 09 May 2011 13:05 - 403 of 859

There you go, they're still at it.

Balerboy - 09 May 2011 13:41 - 404 of 859

Thats another fine mess you've gotten me into!! .,.

martinl2 - 09 May 2011 17:04 - 405 of 859

Damn those shorters.

martinl2 - 11 May 2011 15:57 - 406 of 859

The market seems to have totally missed (or ignored) the appointment of Mr Alvarado. I guess we'll have to wait until he starts getting results.

Meanwhile we have Kenya news to look forward to, any time now.

Balerboy - 11 May 2011 16:09 - 407 of 859

I don't believe you martin.....your just toying with us.,.

martinl2 - 11 May 2011 16:21 - 408 of 859

What don't you believe Balerboy? Maybe you'd like to read the last RNS?

Balerboy - 11 May 2011 16:29 - 409 of 859

you promised 10p+ last rns......

HARRYCAT - 11 May 2011 16:30 - 410 of 859

Looks like a 'buy' at 6p?
Register now or login to post to this thread.