jaytrader
12 Dec 2016
Re: Jaytrader Royalty payment Hi Blue skyThe Mt Ida royalty is still in the bottom draw.(AB could confirm that if he still looks at iii) Mt Ida is a great deposit and I am sure it will get developed at some point but that may not be for years. It just depends on the outlook, price and the development of the port to ship it out.
blue_sky
12 Dec 2016
Jaytrader Royalty payment Great find re Royalty payments Jaytrader. Vote up from me.They were overlooked in my calculations, do they definitely still stand today?Lots of hidden value here, my favourite buy on aim at moment.If you have a better buy than RRR right now I am all ears.
the old trout
08 Dec 2016
AGM resolutions I see that they are now posted on the company website. If my calculations are correct it seems that they are only seeking authority to issue up to 50m shares next year. As there are currently around 467.32m shares in issue, that is a tiny potential dilution compared to what has happened here over the last few years,Additionally only 40m can be issued for cash with the balance being reserved for an open offer or rights issue, so if shareholders take that up, maximum dilution equals around 8.5%.That is certainly music to my ears as it reduces the investment risk here enormously and does suggest that with the reduced overheads and incoming revenues the company can virtually wash its own face.T
the old trout
08 Dec 2016
Re: Will Jupiter restart Mt Ida? Interesting stuff Jaytrader. It seems that the decision to mine it was dependent on both an improving iron ore market (box now ticked) and access to port and rail infrastructure. It seems that project panning for the latter is now at a fairly advanced stage:[link] so it's worth keeping a watching brief on further developments there.Focusing on the present we were due further payments from El Limon and Shoats Creek around now so RNS's must be imminent, to include an update on gas production at Shoat's Creek. I guess Monday might be a better date for that than tomorrow.ATB,T
jaytrader
08 Dec 2016
Will Jupiter restart Mt Ida? Will Jupiter restart Mt Ida?With the recent report that Jupiter Mines are looking to list or sell its 49% stake in the Tshipi mine in South Africa will it turn its attention back to its Mt Ida asset?Its worth remembering that RRR have a royalty which was 1.5% but 50% of it was sold for $14m in 2012 only $6m of which has been paid so far. (see below). If Mt Ida ever gets going again the Royalty interest sill held + the balance from Anglo must be worth over $20m? For investors not following RRR at that time it may be a potential asset not in anyone calculations.The RNS in May 2012Red Rock Resources plc ("Red Rock" or the "Company"
, the gold mining and exploration company with projects in Greenland, Colombia and Kenya, and interests in steel feed, uranium, and rare earths, reports further, following the earlier announcements made on 6 February 2012 and 10 April 2012, on the sale to Anglo Pacific Group plc ("Anglo Pacific"(LSE:APF)(TSX:APY) of a 50% interest in the Company's 1.5% gross production royalty over any production from the Mt Ida iron ore project.Following successful due diligence inquiries, the Foreign Investment Review Board of Australia granted approval for the transaction to proceed, and Jupiter Mines Ltd executed a deed of assignment of the sold interest as required. Subsequently, on 1 May 2012 Red Rock and Anglo Pacific successfully completed the royalty sale transaction.The Tranche 1 payment of U.S.$6,000,000 for 0.3% of the GRR has been settled by the payment of U.S.$3,899,999.81 less some applicable costs and the issue and allotment to Red Rock of 416,161 new Anglo Pacific shares. These shares were valued at approximately $2,139,730 at the close of trading on 1 May 2012 and will rank pari passu in every respect with the existing ordinary shares of Anglo Pacific. The Board understands that Anglo Pacific will make applications to the UK Listing Authority, the London Stock Exchange and the Toronto Stock Exchange for the new shares to be admitted to the official list.The remaining tranches of the acquisition total US$8 million and will be paid as follows:-- Tranche 2: US$4 million payment for a further 0.225% GRR following the results of a positive definitive feasibility study (DFS), a formal decision to mine and that 20% of the pre- production capital costs outlined in the DFS are provided for.-- Tranche 3: US$4 million for a further 0.225% GRR following the commencement of commercial production, taking the total to 0.75% GRR.
be_cool
01 Dec 2016
Come in rrr let's break 1p lol I remember when I invested In this hyped up dog at 11p gutted I got involved but it's a good start to recover..... I hope we smash 1p and head up to 10 p quicker than the dizzy highs of 11p .Come on
fish lips
01 Dec 2016
Omar wherefore art thou? OmarAny thoughts on the report? You haven't posted for a long time.
the old trout
01 Dec 2016
Re: Today's RNS It sums up what I have been thinking and saying about this company for a while. Next up should be further news on Shoat's Creek, then Colombia, both within the next week.
GRAMPSAV
01 Dec 2016
Today's RNS Shows a big improvement in RRRs trading position and with commodities on the rise should certainly put them in profit for the current year if the commodity markets stay positive.
blue_sky
30 Nov 2016
Re: interesting article Yes especially when you consider that Tshipi is contiguous with that of South 32 Mamatwan mine.
the old trout
29 Nov 2016
Interesting article Courtesy of first timer on lse board:[link]
the old trout
28 Nov 2016
Re: Jupiter asset value Good stuff Jaytrader. Andrew Bell tackles the issue in his interview from about 5 minutes on and says it will certainly be a ten figure sum:[link] also rules out diluting to fund further adventures until the value of the holding in Jupiter has been fully recognised in the share price, so I think we have a long way to go yet, regardless of the news we should receive this week on Shoat's Creek and Colombia.ATB,T
jaytrader
26 Nov 2016
Jupiter asset value From the Jupiter mines June 16 presentation the first part of the Tshipi current year has revenue of A$85.7m and cost 69.7m profit A$16 for sales 650k tonnes when average manganese was 3.09 US$. If we take the average now at 7.0US$ that’s 126% increase. On that basis a further 2m tonnes sales for the rest of the financial year should give 85.7/650,000 x 2000000 = 263x126%=594m revenue costs should be less than 69.5/650,000 x 2000000 = 214m giving profit 380m +16=396m for the year. If for a 60 year mine the value was say 14 years profits that’s A$5544m and Jupiters share 2772m giving RRR share at 1.2% = A$33.6 or £20m. As current MC is 2.5m for all Red Rock assets that’s 8 times the current share price for just the Jupiter asset that’s 4.8pAny thoughts?
the old trout
25 Nov 2016
News sinking in.... ....I see. Next week could get very interesting with the news which is expected from Shoat's Creek and CML/El Limon investments. Chart has broken out with the 200 day EMA being smashed through, but some resistance to be expected around 0.7p. However, it's not that far away now as an initial target and could easily be breached imho if today's volume were to continue.Have a good weekend all,T
blue_sky
25 Nov 2016
£530,000 DIVIDEND £530,000 Proposed Dividend from Jupiter to Red Rock.
