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

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.

Agreed. Very bizarre. No explanation either.

I wonder if they have been advised to sell given the economic climate.

Wait and see I guess.

Dear Shareholders and Colleagues,



You may have seen that I sold a few Regency shares this week.



Those of you who have been shareholders for a while will know that each time I exercise options, I also shortly after tend to sell a few to meet the immediate tax bill. In recent years, the tax regime on options has become quite unfavourable, and we have to pay income tax and NI on the difference between the exercise price and the market price, and do it promptly.



We do try to explain, and then the next time it happens, there are again some shareholders who worry that we are showing a lack of confidence in the company and sending a bad signal to the market.



So, for the avoidance of doubt, let me clarify that if and when I am in a position to sell options in the future, it is highly probable that I will again be obliged to sell some to meet tax obligations. You should therefore expect it, but each time I expect that the sale will be much less than the preceding purchase. I will not enjoy doing it, and this will say nothing about my view on the stock price.



The options we exercised in May expired at the end of May, so had to be exercised or lost. I am selling less than half of those recently acquired, so that my direct shareholding at the end of June is higher, not lower, than at the beginning of May. This has also been the case with past sales following exercise of options: each time the holding of shares at the end of the exercise is higher than it was before.



There is never a right time for directors to sell, and I do assure you of our complete commitment to and confidence in the company.



I am asked by a shareholder to point out that ABN Newswire recently had a video interview with Direct Nickel on its CEO Interview series. It is certainly interesting, but in that it might be deemed promotional by DNi (who as we understand it wish to raise money for a backdoor listing in Australia), we and our Nomad decided it would be inappropriate to link to it in an announcement. We have no responsibility for anything that DNi may say in it. However, with that necessary health warning from us, some of you may find it illuminating as to what DNi actually does, and as an introduction to the founders of DNi.



Andrew

Looking a little more positive today.

On the move at last 14% up this should lift RGM soon.

http://library.rrrplc.com/RRR_web/RRR_In_The_Press/RRR_In_The_Press_2011/RRR_StarRoyaltiesRevised_05.07.2011.pdf

great day!!! yeeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

Red Rock ar epresenting in London this week!

The directors of Hambledon Mining (AIM: HMB), Forte Energy (AIM / ASX: FTE) and Red Rock Resources (AIM: RRR) will be presenting:
Thursday the 7th July 2011, Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/117

This weeks forum is one with a twist as we hand over the lectern to one of the mining industrys leading opinion formers. Fairfaxs John Meyer was voted top small-cap mining analyst four years in a row in the late noughties, so it is fair to say he is one of the few gurus of the sector. When he speaks others listen - and so should you. He will be at the Chesterfield Mayfair Hotel on Thursday to impart his wisdon on just what makes a great mining investment and of course hell tell us how to spot the duds. For us at Fairfax, there are a series of dos and don'ts in the mining sector, he told the Daily Mail recently. We don't finance people with gold Rolex watches, leather jackets or shiny suits. We don't finance shoes with tassels or men with man bags. These are the golden rules for mining analysts and woe betide anyone who breaks them.

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

The event is not suitable for people pursuing commercial opportunities.

If you have any problems registering or queries please email events@proactiveinvestors.com.

The True Value Of Mount Ida Magnetite Project May Soon Creep Into Red Rocks Share Price.


http://library.rrrplc.com/RRR_web/RRR_In_The_Press/RRR_In_The_Press_2011/RRR_TheTrueValueOfTheMountIdaMagnetiteProjectMaySoonStartToCreapIntoTheRRRSHarePrice_28.06.2011.pdf