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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You really should get a life RDG

Go back to advfn if you want to get personal !

RRR is about to break a massive resistance level and it's worth updating even if
i am talking to myself, my information is always 100% genuine and Monday could
see the price breaking a huge resistance level.

ps....sold 500k PPR at 0.46p that i paid 0.37p...done that a few times..pays
for the beers this weekend :-))

Sheep traders bailing out the market makers again !

They just cannot wait to get out as soon as a mm turns red.

Asset value well in excess of current price but they still cannot
get out quick enough, i'm not selling any, let the mm's make their
money, they will turn and push it higher again soon and make sellers
pay higher to buy it back.

Quite incredible yet again that it would seem no mm intends to mark up RRR on the back of it's valuation in Jupiter Mines alone being worth far more than the current price especially after it rose sharply in OZ last night.
If i'm not mistaken i make the Jupiter Stake worth at least 2.4p alone and after
recent news the stock has become extremely liquid too so it's not that they could not sell any of it without hurting the price that much.
Got to be patient, RRR should be trading at double the price, all of it's assets and
stakes in various companied value it at this so it cannot surely stay around these
levels for another 6 months.

I have seen some suggestions that this company intends to pay a dividend this year. Can anyone confirm this is correct?

Martin, from RRR's half-yearly report for the six months ended 31 December 2009 on 31 March 2010:-

"The disclosed interim pretax profit of 3,223,698 (2008 interim loss of 1,958,017) was sufficient to eliminate the accumulated deficit and, provided there are no significant setbacks between now and the 30 June financial year end, should allow the Company to declare its first dividend in 2010."

Thanks. Any idea how much it will be?

No, but I would be surprised if it is not sub 1p.

Even 0.1p (~$1m distributed) would be very nice.

Any idea when this dividend might be paid out?

I'm on board @ .0222p as of a few mins ago...bid has just ticked up! onwards and upwards !

Quiet on here. Plenty of newsflow expected soon, I think?

Yep :)

this is about a month old but worth a read - glad i am in here - more to rrr than i expected
http://library.rrrplc.com/RRR_web/RRR_Broker_Research/RRR_Broker_Research_2010/RRR_GrowthEquities&CompanyResearch_20.07.2010.pdf

another broker view again about month old, note the unlisted assets potential etc and re-rating chatter....

Red Rock Resources is a research client of Edison Investment Research Limited
495oz of gold at an average yield of 4.6oz per tonne (141.7g/t). For an investment of
c US$2m, Red Rocks management believes that it is possible to increase this
throughput rate to 150tpd and then to 250tpd.
Valuation: Potentially over 20p per share
Prior to Red Rocks deal with MFP, we estimated its net asset value to be 2.62p per
share based solely on the value of its listed shareholding plus cash less balance
sheet liabilities. This increased to as much as 17.48p per share when unlisted assets
were also taken into consideration and in the event of a re-rating of destination
company investments to market averages. It would increase still further, to a potential
26.09p per share in the event that throughput at El Limon increases to 250 tonnes a
day at 40g/t (see p6) and Red Rock exercises its call options over MFPs equity.
Valuation
P/E relative
P/CF

Analyst
Charles Gibson
Michael Starke
mining@edisoninvestmentresearch.

any further news re the poss divi? just wondering cos thinking of trading a few. am in at 1.9p but SP keeps drifting down on no news.
Alex

If this is drifting down on no news, long may it continue lol.

Wrong share?

up until today the bid had dropped to 2.15 from 2.4. obviously good day today! my question still stands though tempted to keep holding rather than trading for the time being.

I've not heard anything more about the dividend, although Edison assumed a dividend would be paid out this year in their recent report on the company.

ZZZzzz.

Good day to buy.