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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Now that is more like it!

Excellent RNS :)

Red Rock Resources
RNS Number : 5787I
16 June 2011

Update - production and new tenements

http://moneyam.uk-wire.com/cgi-bin/articles/201106161359195787I.html

Good news from here on by the looks of it, should put a boost up RGM as well.

Surprised to see this drop after that update. Expected a rise.

Expect 6p imo.

For what reasons?

Our listed assets JMS, ASMP, RSL, CUE and NMR alone are worth 4.5p/share.

So you think Colombia, Kenya, Greenland, Kansai and the rest are worth 1.5p/share?

Sorry, but 'LOL'.

This should be back in the teens now.

Because regardless of the fundamentals of the company, the whole market is in decline at the moment, with the miners in particular pulling the market down. Added to that, those that trade the graphs only, ignoring the fundamentals, are still seeing a down trend, with good support for the sp at around the 6p level. Added to that, whether you or I think the sp should be higher than it is by valuing the assets alone, the reality is that the sp is still in decline. 'Should be' doesn't count for very much at present, sadly.

So basically what you are saying is, its been going down and therefore its going to carry on going down until it stops going down.

Also on my watchlist of 60+ small mining stocks at least 25 are up today, so what you're saying about the general market doesn't wash.

I didn't say 'today'. So you are saying that the market in general is going up? You might want to look at the FTSE charts.
Yes, there are people who just trade the charts, who couldn't care less about the company and what it does. The trend is currently down for RRR and has not reversed that trend yet.
The reality is that the RRR sp has gone down from approx 16p to approx 7p. I don't think any holders of this stock are going to like that fact, but you haven't suggested any reasons yourself for the steady decline. Lots of reasons why it should go up, but at present it's not!

I don't think its particularly relevant to RRR. Yes it is perhaps one influence but there are many more influences that are far more relevant such as the price of commodities, and perhaps the fact that El Limon is now becoming the success we were promised last year.

The reason for the decline is a combination of shorting and disillusioned holders. A fall does perpetuate itself by causing weak holders to throw in the towel and stop-losses to get hit. Just as it perhaps overshot to the upside at 20p last December or January its now completely overshot on the downside. The delays and doubts which caused the initial decline are now coming good. The fact is yesterdays RNS 'should' have prompted a decent shareprice increase.

No, the fact is it didn't prompt a rise. The wish is that it should have.
I don't disagree with most of what you have said and you have pretty much made the case for remaining interested in RRR development at the same time as justifying the steady fall.

You're talking nonsense martini. A lack of available credit is generally destroying AIM stocks. Several recent fundraisings reflect that (today it was PXS) and have been heavily discounted to the sp + with many shares the sp either doesn't reach the placing price (there are many examples but take JJB for one) or the sp slips down and below the placing price. This wouldn't normally happen in a decent market. Put simply there is no bounce (an exception of this was PDX yesterday albeit it had dropped 10% on 2 consequtive days), when an sp dives it stays there (VGM is a good example - the placing is at 125p, the sp is 'stuck' at 100p). That is a worrying sign that all is not well.

I'm totally with HC on this and if you don't believe us, take a look at the AXX graph.

I'm afraid what you've just posted is nonsense, dealerdear or certainly doesn't apply to this stock anyway - don't make such sweeping generalisations about AIM stocks. RRR has many sources of available funding, both equity and non equity.

The comment about placings was simply an example to show current market conditions.

You're beyond help I'm afraid and you have no idea what is going on in both the SM and the wider economy.

As such I shall make no further comment and let you continue to moan about the sp performance.

No, you said "A lack of available credit is generally destroying AIM stocks" as an argument to show what I said about RRR was 'nonsense'. It may be adversely affecting SOME aim stocks but that doesn't mean its affecting them all, and as I stated, definitely not this stock - you're making sweeping generalisations. It seems you don't like being shown up.

Just accept you were wrong like a man instead of trying to look like you know what you're talking about. We can all regurgitate arguments from the BBC or Bloomberg designed to misguide the masses but that doesn't mean they are correct. Some of us can think for ourselves.

What a cracking debate....weldone to you all for not letting it degrade into abuse.

Football is the opium.