moneyman
- 30 Apr 2007 23:13
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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martinl2
- 11 Nov 2011 18:01
- 562 of 859
Recording of conference call:
http://soundcloud.com/oditmoras#play
cynic
- 14 Nov 2011 08:24
- 565 of 859
now let me think about this ..... should i be in RRR or AFR? ..... tough call (not!) :-))
martinl2
- 21 Nov 2011 15:04
- 567 of 859
Nice bit of light reading!
driver
- 25 Nov 2011 14:24
- 569 of 859
CONTENT...
v Dear Shareholders and Colleagues,
We had a successful time on our visit to Kenya last week.
Progress at the camp, where we are improving office, sanitation, messing, workshop, and
core storage facilities, continues apace. We have one room devoted entirely to geologists
producing sections and analyses from the drilling, incorporating the lab results that have
been streaming in, and our data manager now has an assistant who is also a qualified
environmental scientist.
Two core splitting machines have been working 24 hours a day on the remaining core for
analysis, and logging of new drill core from the remaining resource areas and from the
Barnabas drilling (sulphide/VMS targets) is proceeding fast.
We have ten local geologists working for us, and their skill levels are high and rapidly
increasing as we train them and work with them. When I arrived at camp with Mike Nott I found Tash Walton, who recently joined as our Head of Marketing and CSR and has spent some time
working with our team on site to project our message and build relationships with local
communities, had galvanised our already thriving community aid programmes and
spoken at more than half a dozen local meetings. We have done things as diverse
as supplying solar panels to schools, helping build new school kitchens, provide
fresh water to schools and communities, providing talks on TB and how to avoid it,
arranging a January football tournament, and giving safety kits and talks to
artisanal (illegal) miners to try to stop them killing themselves....
Our CSR committee met the objection that it was appointed not democratic
by arranging elections in 7 local communities for January where functional
representatives (youth, women, voluntary organisations, etc) will be elected,
who will then elect representatives to the central CSR committee.
A landowner issue that had existed for years and was being used by our illwishers
to create trouble was resolved by the camp manager and I, who
spent 3 hours in the hut of the matriarch of the family while the extended
family was ranged around the room. All had their say and the kerosene lamp
came out long before we were done. We began with prayers and ended with
prayers. The latent goodwill and the instinct for moderation and co-operation
that exist in poor communities for whom we represent a potential lifeline to education and opportunity are assets that we must not neglect or waste. There will be misunderstandings, outbreaks of resentment or greed, and backslidings, but we can work with this, and we must get ahead of events by starting now. What is most required, and what has sometimes been
in short supply in our industry, is an approach on our part that shows humility and grace and a willingness to spend time. As if one is constantly a candidate standing for election......
An Environmental Project Report carried out for us on the western license and submitted to NEMA by independent consultants concluded, after briefings and local bazaras and return of questionnaires, that the inhabitants of Migori and Nyatike were supportive of us and our activities. We knew this, but it is good to have it confirmed. Tash gives a speech to the district
education committee, who voice their appreciation of our activities. Over 70 artisanal miners come to hear our talk on health and safety and learn about the nature of exploration.
Drilling in action at Barnabas. Later we returned to Nairobi where the first MBI East African Mining
Conference was to take place. We were platinum sponsors. I introduced and Kamini Manick gave a talk on Red Rock and our activities in Kenya. The next day Steve Olang and Alex Nyandigisi gave a talk on the 2011 exploration season. Sandra Spencer gave presentation training to our geologists and they performed very well, getting our message across with great professionalism. Copies of their presentations are posted on our website click here to follow the link. Our presence at the conference as a sponsor, exhibitor and speaker put us on the map in Kenya, and our interactions with local officials and press were highly positive. We will be participating next year. At the end of the week I had the privilege of appearing before the Parliamentary Committee on Lands and Natural Resources. These occasions are always opportunities as well as challenges; in a country without a history of much mining, and a Mining Act dating to 1940, there is much ignorance, much interest and a legitimate desire to find out more. We take great comfort from the success of Base Resources from Australia in overcoming the difficulties with the beach sands project since July 2010, and from the success of our neighbour Goldplats plc in finally this week after many vicissitudes getting their mining license for gold. Kenya is now moving, and we will be increasing the level and frequency of our interactions at ministerial and governmental level so that we can move too! St Barbara LLP continue with their Scoping Study on the tailings project and CSA continue with their assessment of the Mineral Resource at (first) the KKM deposit. So these are exciting times, with constant developments. You will have seen an announcement on drill results by us earlier this week. The real story will be the Resource (whatever it is) but the market has been very poor and we felt it would be helpful to investors to get a flavour of the kind of work we are doing and the kind of results we are likely to get. Richard Evans was with me in Kenya and has now gone on to Colombia where we are carrying out an assessment and planning next steps. As in Kenya, we are professionalising and organising to give ourselves a really solid foundation, but we have to do it on the fly, at the same time as producing and building production levels. Nothing we dont expect to handle, but still requiring constant attention. We wish the share price would reflect the constantly improving fundamentals of our business, but external factors weigh heavily on the market at present, and we understand the sense of discouragement many feel. This is not a sprint, but a marathon, but we still need to get our message across short-term, and we give daily thought to how we may do this. The results will be out shortly, and we hope you will enjoy reading our annual report and it may help you see the company and its performance over time in a better and truer perspective
Yours,
Andrew
Dennis Waga with our stand at MBI
I introduce Red Rock to
the Minister for Trade.
Kamini Manick presents.
Red Rock Resources Plc, 115 Eastbourne Mews , London W2 6LQ
Tel: +44(0)2070995840 / Fax: +44(0)2070995841
Regd Office: 55 Gower Street, London WC1E 6HQ
Incorporated in England and Wales Co. No. 5225394
gibby
- 29 Nov 2011 07:45
- 571 of 859
good rns but will it help sp?
ptholden
- 29 Nov 2011 08:12
- 574 of 859
Can't say I understand RRR's accounting procedures but seems a bit barking for a company to make 14M pre-tax and have such a small mkt cap!
Up 34% and in auction as I type