Register
Login:
Share:
Email Facebook Twitter


EXCLUSIVE: Aura Energy #Aura to IPO Swedish Vanadium prospect


Red Rock Resources Share Chat (RRR)



Share Price: 0.875Bid: 0.85Ask: 0.90Change: 0.00 (0.00%)No Movement on Red Rock
Spread: 0.05Spread as %: 5.88%Open: 0.875High: 0.875Low: 0.875Yesterday’s Close: 0.875


Share Discussion for Red Rock Resources


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

colinH100
Posts: 2,011
Opinion:No Opinion
Price:0.58
RE: Steelmin
5 Nov '17
If Steelmin is such a high quality asset why did they borrow money on prohibitive terms from a tiny company with no steel production expertise? Surely they would have just gone to a bank?
 
cgm3100
Posts: 674
Opinion:No Opinion
Price:0.58
RE: Steelmin
4 Nov '17
It is a exciting prospect being part of steelmin for rrr cannot wait
richie41
Posts: 57
Opinion:No Opinion
Price:0.58
RE: Steelmin
4 Nov '17
It really is a quality asset. Will be in production by end january. Initial ebitda of €7m in a strengthening market. This is before the second furnace is brought on stream much later next year that could add another €2m. RRR will benefit from a steady income stream in the form of dividends and/ or value appreciation through Steelmin bringing other assets to the table. Who knows what steelmins plans are. Could they float themselves to raise finance for other assets? Who knows. On a modest valuation of 5* could steelmin not have a percieved value of £35m? By read across RRRs 20% would be worth £7m, nearly 3* current market cap for this asset alone.
cgm3100
Posts: 674
Opinion:No Opinion
Price:0.58
Steelmin
3 Nov '17
Will be waiting with anticipation :) demand for steel picking up




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.