isdeer
17 Jan 2017
looking good 1p soon fingers crossed
fish lips
16 Jan 2017
Re: Today's RNS It did have that line in last year's RNS in June, so not sure that there's anything on the cards.Although the SP has had a nice tick up and there has been some decent volumes today, so maybe there is.The movement could just be the anticipation of next week's news and the possibility of a decent rerate and people getting in at under a 1p, surely we should be hoping for a price in the 2-3p region in the medium term. Although that is woefully short of what some people's break even point is, mine is 11p for the record. Ouch, it hurts typing it!
GRAMPSAV
16 Jan 2017
Today's RNS Includes the statement 'The vesting date in respect of tranches not yet vested will be accelerated though the performance condition will be retained in the event of a takeover event'.Covering their interests in this way may indicate there is a potential buyer not yet in the RNS time frame.
Ripley94
16 Jan 2017
Re: NEWSLETTER CONTINUED TW .. claims profit warning is buying opp on fall back which he thinks overdone.Trading share ranges 0.4 ---- 0.7
isdeer
14 Jan 2017
Re: Jupiter Mines Shareholder Meeting jaytrader,Sound idea, love it ,especially the 3p per RRR share
isdeer
14 Jan 2017
Re: Time to hold firm He's being rather prudent, all depends on the buy back price/relist price or the sale of JMS and that all depends on the price of manganese as viewed by the markets. The good thing being we don't have to wait very long as the meeting to discuss the very same is looming.
paulmc1
13 Jan 2017
Re: Time to hold firm TW says the market has got it wrong and reiterates buy up to 0.7 fwiw.
blue_sky
13 Jan 2017
week monday week monday is where its at.Starting value to be placed under our Jupiter holding.Upgrade and rerate to what its held in books, will look forward too news there.
GRAMPSAV
12 Jan 2017
NEWSLETTER CONTINUED specific suggestion of 20-30c per share, some three times the value per share at which Jupiter is held in ourbooks, for the buy-back we believe to be a misquote, and that the phrase used may well have been ‘a multiple’of the delisting price, but otherwise the article appears well-sourced and a good background summary.The Red Rock Annual Report stated the carrying value of our holding at £1,483,119. If the valuation put on thestock for the purpose of the equal access buyback were 30c a share, this would equate to a valuation of£5,001,750 on our holding. At 60c, it would equate to £10,003,500.Our valuation target for this holding is 60c or above, but the price at which this initial distribution will be made isyet to be determined and may not reach this level.It seems clear that either a sale or a relisting are on the agenda for Jupiter. A shareholder information session, towhich the public are invited, is scheduled for 12.30 pm Sydney time on 23rd January “to discuss the upcomingshare buy-back and plans for the future of the Company”, and there will also be a board meeting held that day.Further information is likely to be available at that time.At Shoats Creek, Migori, Ivory Coast and Colombia we will announce developments as appropriate.Yours,Andrew BellRed Rock Resources PlcIvybridge House, 1 Adam Street, London WC2N 6LETel: +44(0)207 7747 9990 / E: [email protected] Office: 55 Gower Street, London WC1E 6HQIncorporated in England and Wales Co. No. 5225394www.rrrplc.comFollow us on Twitter:RRR_RedRockCAUTIONARY
GRAMPSAV
12 Jan 2017
NEWSLETTER FROM RRR 12/1/17 For interested posters tsonDear Shareholders and Colleagues,In writing to you last year, we have increasingly been dwelling on Jupiter Mines, in which we have a small stakeof 27,324,375 shares, and on the huge improvement in Manganese prices since their artificial lows at thebeginning of the year. Our last newsletter in October dealt quite extensively with this.Since then, the news we hoped for and anticipated was released. Jupiter is to make a distribution from the profitsof the Tshipi mine. Nor is that distribution a small one. To quote the Jupiter announcement, “the Tshipidistribution…constitutes some 50% of the capital investment made to establish the mine”, and Jupiter is addingsome other revenues and cash resources so that its own distribution will amount to AUD73m. Our share will beabout £530,000.The distribution is expected to be made by an equal access share buy-back that will conclude in early March.This term has caused some puzzlement among British followers of the Jupiter story, which includes ourshareholders. In Australia this efficient method of returning money to shareholders by means of a buy-back ispermitted, and provided it stays within the 10-12 rule (not more than 10% of stock in a 12 month period), requiresno shareholder approval. All shareholders are asked to accept, and if they all (or virtually all) do so, as is likely inthis case, their ownership of the underlying business is unaffected, so that this distribution method operates inmuch the same way as a dividend.The price of the buyback has not been determined, but on November 24th The Australian wrote, extensivelyquoting Jupiter sources including former BHP CEO Brian Gilbertson:“Brian Gilbertson’s Jupiter Mines is plotting a return to the ASX lists after nearly three years in the wilderness as an unlistedpublic company thanks to bumper earnings and dividend flows from its 49.9 per cent-owned Tshipi manganese mine in SouthAfrica.Mr Gilbertson…… said Jupiter was also fielding bids for Tshipi, which is adjacent to the Mamatwan manganese mine, operatedby the BHP spin-off South32.While Mamatwan has been in production for 46 years, Tshipi is a recent development which mines the same mineralisationon the Kalahari manganese field. During its development and early start, Jupiter shares dropped to as low as 10c a share.That valued Jupiter at about $200 million, prompting Mr Gilbertson to delist from the ASX because it was felt the market wasnot properly valuing Tshipi for the type of scale and long life (60 years) asset that he believed it would become.The recent surge in manganese prices to eight-year highs of more than $US7.30 a dry metric tonne unit (dmtu) for Tshipi gradeore, and the optimisation of the mine, means it is now throwing off cash….Jupiter is to distribute…. [AUD 73m] to itsshareholders, with more to flow next year if manganese prices remain strong. The distribution will be by way of a sharebuyback at a price expected to be at a multiple of two to three times Jupiter’s last sale price on the ASX…..Mr Gilbertson said shareholders who originally went in to the listed company had a “material interest in seeing a value placedon the company by international markets’’.“Because it has remained a public company throughout this time, I think a relisting would be relatively easy. On the otherhand, we have had expressions of interest from other players in the mining business in this asset. And so we would look atthose as we go along.”He said both merger interest and bids for Tshipi had “floated across the radar screen”.”The specific suggestion of 20-30c per share, some three times the value per share at which Jupiter is held in ourbooks, for the buy-back we believe to be a misquote, and that the phrase used may well have been ‘a multiple’of the delisting price, but otherwise the article appears well-sourced and a good background summary.The Red Rock Annual Report stated the c
jaytrader
11 Jan 2017
Jupiter Mines Shareholder Meeting I see Jupiter mines are holding a shareholders meeting on 23rd to give future plans. How about this plan Jupiter Mines make an offer for Red Rock of say £15m and for that Jupiter get our 1.2%, the .75% royalty on their Mt Ida project and the balance from Anglo Pacific of $8m from the .75% we sold. That must be £25m of assets all connected to Jupiter for just £15m. Jupiter can then sell all the other Red Rock assets to Regency Mines for and AB can continue to run it all for just one lot of director fees. That would value RRR at over 3p per share, Jupiter would get a great deal and RRR shareholders would get cash.
blue_sky
11 Jan 2017
Time to hold firm Time to hold firm.way, way undervalued of Jupiter stake value.Oversold technically.Await obvious next bounce up in my opinion.
blue_sky
06 Jan 2017
Re: charting jaytrader, old trout I think wider market is blissfully unaware of state of play here. I have spoken to a few people who have been unaware of current situation RRR but shown interest now. In many ways we are experienced personal investors who follow markets closely, most are not even aware of Manganese story and indeed Jupiter Tshipi. Many also tentative i.e. dividend not certain but hard to see how this won't be paid and further dividend later in year. Lets not forget share price did move from spot 40 area to spot 75 within 3 weeks on news from Tshipi where options to be issued spot 80. Next move break of 1p as more people cotton on. Also noticeable when share price rising hits radar volume is higher with buyers, when falls volume very low hard to find sellers. The story will grow along with share price.
the old trout
06 Jan 2017
Re: charting jaytrader, old trout Blue sky, Tshipi's a prize asset for sure, but I think the market is taking the view that 'we'll believe it when we see it' i.e. Jupiter gets a stock exchange listing whose value cannot be denied, or the dividend is in RRR's bank account and production is seen to be ramping up alongside rising manganese prices, so its next set of results will be awaited eagerly. Happy to wait for that myself.Verger,what you suggest is exactly what Jupiter are proposing to do, buying back the shares equally from its limited number of shareholders so that they all have the same share of the cake going forward. It would me madness for RRR to do the same imho, unless other income streams are also seen to be rising rapidly.ATB,T
Verger Blue
06 Jan 2017
Re: charting jaytrader, old trout Crossed my mind that at these prices a sensible use of some of the Jupiter cash would be to buy in shares. That should move the price up.
