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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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.

Red Rock Resources
Update and Issue of Equity
RNS Number : 9308I
Red Rock Resources plc
22 June 2011

Update - Greenland Exploration; Resource Star Limited; Option Exercise


http://moneyam.uk-wire.com/cgi-bin/articles/201106221516429308I.html

Oh dear oh dear.

(post 452) martini won't be happy. How ironic that they have issued equity just a few days after he said they were well financed. S'funny how he has disappeared.

perhaps he is having a drink ...

Don't confuse Martini with Martinl2 !!

Is one a double ..

;-)

I've not gone anywhere dear.
Bit of a kick in the scrotum but will recover shortly.

Dear Shareholders and Colleagues,

You may have seen that we issued shares at 6p today, in a placement to raise 1m before expenses.

Apart from our recent exercise of the right to acquire 51% of Mineras Four Points SA, we have a continuing exploration programme, and had a tax bill of over 800,000 to pay (a problem of success!), so our outflows in the first half of 2011 have certainly exceeded what we planned for at the beginning of the year.

We have been arranging, as we announced, a long-term facility which we want to complete soon. However, as our financial year end is 30 June, we need a plan B in case the receipt of funds from this facility is after rather than before 30 June, since we have to publish our balance sheet as at the end of June, and there is little point in spending more this year on a better produced and more informative Annual Report if the first page people turn to does not give a fair picture of our underlying financial strength.

You may have seen the encouraging upgrade and expansion in Resource at Resource Stars Livingstonia uranium project, announced yesterday. We hope soon to have similar news from Cue. At the moment, uranium is not to the markets taste, but outside the OECD delays to the building programme for nuclear reactors are not expected, and that is what counts, not Germany.

Jupiter continues to make great progress, but this has not been reflected in the share price. We believe the quality is there, and quality will out.

In Colombia, the improvements from here we hope to be in leaps and bounds rather than tiny steps, as has been the case recently. Progress is progress, but rapid progress is what was needed and what we now aim for.

In Kenya, the exploration effort is so intense that although we have staffed up, we are always undermanned, but as we have consistently said, there should be a steady news flow in the second half of the year and we have great ambitions for progress.

Greenland sees a virgin exploration territory getting attention from our ten-man geological team. We had encouraging results recently from the satellite ASTER interpretation, with one 3.5km feature previously mapped as sandstone (to take just one example) now understood to be a prominent iron ore feature and therefore a priority target. If we map and sample and find no major targets at the end of the season, we may of course walk away, because there is no point in such a latitude looking for anything but a major deposit, but we have fair prospects of success.

So the message is that all is well, and we see steady progress. We cannot blame shareholders who are impatient with the share price, and hate to see us raise money at low prices, but in sailing our boat we sometimes have the wind behind us and sometimes in our face, and we have learned, like sailors, to be patient. That progress cannot be in a straight line frustrates us too, but we always aim to claw back position in the race when the wind changes, and that we will, I believe, again.

Andrew

What the sp needs now is to trade sideways for a while to consolidate the 6p level as good support (as per oct/nov last year).

This looked a promising co, (I don't hold any, have seriously thought about it) but it's been one way for the sp recently, here's a recent rns which seems to be upbeat.
Red Rock Resources says it expects significant further improvements in output capacity at the El Limon mine and the plant in Colombia.

It said the emphasis has been on improving grade following a visit by management and consultants at the beginning of June.

It says that between 8-14 June, the the grade of ore into the plant improved to 11.9 grams per ton, which compares with levels between 6.5 g/t and 8.1 g/t in the five preceding weeks. The mine has operated a six-day week for each of the last two weeks, and produced 54.6 tons per day in the week ending 14 June.

The mill has operated a 6.5 day week in the last two weeks, and processed at the rate of 50 tpd.

Gold sold from 1 June to 9 June was 3.03 kg (97.4 oz).

The company also said it had applied for two licences in the Rift Valley in Kenya with with prospectivity for rare earths.

2517

2517George,

It still is a promising company. Maybe if we can get another upbeat RNS like the one you posted (from 2 weeks ago) we can turn things around. An update on Colombia is due this week I believe.

http://minesite.com/news/the-true-value-of-the-mount-ida-magnetite-project-may-soon-start-to-creep-into-the-red-rock-share-price

Dircetors selling shares is hardly positive news.

That's bizarre.They sold at 6p, which looks to be the bottom of the down trend atm. My worry is that they see more down side to come, otherwise why sell now?
Also their remaining stake looks to be very small now. Warning signs, imo.