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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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

Just waiting for the next update now.

Late RNS:-

RED ROCK RESOURCES PLC
Update - Columbia and Greenland

Dated: 7 July 2011

Red Rock Resources plc ("Red Rock" or the "Company"), the gold mining and exploration company with projects in Kenya, and Colombia, exploration in Greenland, and interests in steel feed, uranium, and rare earths reports on developments in Columbia and Greenland.

Colombia

At the El Limon mine in Colombia, the improvement in production noted in the first half of June has been broadly maintained. Preliminary figures, subject to revision, show average daily output from the mine for the month of June of 52.9 tons per day, with mill output for the month averaging 46.7 tons per day. The grade of material delivered to the plant was, subject to revision, 9.9 grams per ton.

The mill operated 28 days during the month, and the mine 26 days. Gold sales for the month of June 2011 were 8.485 kg (273 oz).

The Company expects steady improvement at both the mine and the plant as new equipment is brought into use, new technical staff recruited, and working practices improved.

Greenland

Exploration has begun in Greenland with 3 teams of geologists traversing along lines 800m apart within the licenses. From the base at Camp 1, the crew has collected and tested samples using a portable Niton SL3 Gold XRF analyser over an extensive area of float material. These have yielded encouraging grades of 30% to 40% Fe in course-grained magnetite. An airborne magnetic and radiometric survey is due to begin imminently which will last between 8 to 14 days (depending on weather conditions) which, when combined with field observations, will aid in target generation for drilling in 2012.

The teams have now moved to Camp 2, as illustrated in the Company's announcement of 22 June 2011.

cheers kim - yep saw that earlier - nice steady rns but kind of already factored into this recent rally from sub 6p - may see some red here tomorrow especially friday afternoon imo - or may go other way & blue!! lol interesting day ahead - gla

are you meant to be excited by sales of 273 oz of gold in a month? ..... and you guys reckon this is eldorado?????

lol

I think the point is its a staging post cynic, not the final destination. And its twice as much as last month. They are supposed to be installing partial mechanisation which they have not done yet. When they do this you should see bigger jumps. Same goes for the improved working practices.

Greenland news is promising, no doubt about that. They only started there last week.

Yep, not over-inspiring but steady as you say! Most importantly, nothing to panic about!

http://www.proactiveinvestors.co.uk/companies/stocktube/818/red-rock-resources-chairman-says-fundamentals-in-no-way-justify-the-drop-in-share-price-.html

http://www.youtube.com/watch?v=4dwscpaK7Y0

Dear Shareholders and Colleagues,

You may have seen that we have announced some medium-term borrowings:

The provider is Cornhill. As we understand their business model, they look for high net worth individuals or other entities that may be interested in combining the safety and limited downside of secured lending, with a better return than those currently available from banks, gilts, or traded corporate bonds.

They do the due diligence, and offer the possibility of participation in a portfolio of corporate notes, so diversifying and potentially reducing risk to their clients. In some cases, the instruments offer convertibility or partial convertibility to enhance upside potential.

The interest rate on this loan is quite high at 14%. However, there are advantages for us in this instrument. First, we have further diversified our funding sources, which we regard as useful in itself. Also we have established our ability for the first time to access debt as well as equity, which may open the door to further diversification of funding sources on more competitive terms in future. We have also been able to provide for more than short term funding for our projects, which aids planning. And the structure is open-ended, enabling us to make further drawdowns under the existing documentation. And we have avoided issuing shares or selling shares at what we regard as unfavourable prices.

Most important however is the consideration that our stock is volatile. If the share price were not volatile, a medium-term high interest bullet loan with the possibility of early redemption might not be an attractive instrument.

But see the one year volatility on our stock price:


Quite apart from our subjective belief that the price of Red Rock is depressed and will rise, so that it is better that if we have to issue shares we do so at some future date, there is the objective fact that the volatility of our stock price is high. There is no compelling reason to expect this to change in the near future. The loan instrument, if looked at as a two year option for us to issue stock to repay it, is significantly undervalued as an option.

If our stock price volatility were low, this would not be so.

That is not to say that we are committed to repay the debt by issue of new Red Rock shares. We might do so by sale of assets (and if by sale of Jupiter shares, the same logic current undervaluation, and/or high volatility would apply and would be a further justification of our approach). Or we might do so from other revenues. But the prudent base case is that we may have to repay by share issuance.

I hope that this background will answer any questions you may have.

Andrew

Switch your money to Cornhill then, if they can manage to lend out at 14%!!! In today's market, that is a bad deal for RRR, imo, with lots of 'ifs & buts' attached to RRR's future financial strategy.

haven't really read it as i don't like or hold RRR any more, but 12 over base and then saying it's not that bad sounds like a bad snow job to me and i see no reason at all why any of you should want to hold let alone buy