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Share Price Information for Red Rock Resources (RRR)

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Share Price: 0.0525
Bid: 0.05
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Change: 0.00 (0.00%)
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Open: 0.0525
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Red Rock Resources Swings To Interim Loss Due To Foreign Exchange

Mon, 26th Mar 2018 15:48

LONDON (Alliance News) - Red Rock Resources PLC said on Monday it swung to an interim loss due to foreign exchange losses, though still expects to post a profit for the full-year.

The company said it swung to a pretax loss of GBP114,874 for the six months to December 31 from a profit of GBP147,662 a year before.

"This was primarily as a result of the reversal into losses of the foreign exchange gains made on dollar items in that year, that had resulted from the significant decline in sterling in late 2016," the company said in a statement.

The company made a GBP46,216 loss due to foreign currency rates in the period, compared to a gain of GBP235,900 a year earlier.

Total assets increased 31% to GBP22.3 million in the half year from the position as at June 30.

However, Red Rock said it expects to report a full-year profit for the year ending June 30, for the first time since 2011, provided there are no further impairment provisions booked in the period.

In April or May the company is due to be repaid approximately USD840,000 on a promissory note with respect to its gold interests in Colombia. Red Rock said it therefore anticipates ending the year in a strong financial position.

Shares in Red Rock were down 5.9% at 0.9643 pence on Monday.

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6 Jun 2014 10:49

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Red Rock Resources Up As Jupiter Mines Value Increases

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5 Jun 2014 15:21

Fund manager adds to majority stake in Manchester & London Investment Trust

Mark Sheppard, the investment manager of Manchester & London Investment Trust (MLIT), has bought nearly £1.9m of shares in the closed-ended investment company. Sheppard, from MLIT's parent Manchester & Metropolitan Investment and MLIT's fund manager Midas Investment Management, bought 712,071 share

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29 May 2014 11:09

Red Rock Resources Shares Rise After Positive Nyanza Deposit Assessment

LONDON (Alliance News) - Red Rock Resources PLC Thursday said it has received a positive preliminary technical and economic assessment on the Nyanza deposit on the Migori project in Kenya, including forecast production of about 80,000 ounces of gold over nine years and projected life of mine reve

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13 May 2014 13:11

UK MIDDAY BRIEFING: AstraZeneca Continues To Reject Pfizer

LONDON (Alliance News) - AstraZeneca Tuesday again rejected Pfizer's "opportunistic" GBP63 million takeover approach, as UK politicians grilled executives of both companies about the potential deal and what it will mean for the UK's pharmaceutical industry.

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13 May 2014 11:09

UK WINNERS & LOSERS: easyJet, TUI Travel Lower As Housebuilders Rise

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13 May 2014 09:46

Red Rock Resources Proposes Sale Of Colombian Interests

LONDON (Alliance News) - Red Rock Resources PLC said Tuesday it has executed a binding letter of intent to sell its Colombian interests to Nicaragua Milling Company Limited for up to USD5 million. Red Rock said that it executed the LOI with the Nicaragua Milling Company May 12, 2014.

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30 Apr 2014 14:22

Red Rock Resources Raises GBP550,000 Through Convertible Loan Note

LONDON (Alliance News) - Red Rock Resources PLC Wednesday said it had agreed to issue an unsecured convertible loan note of GBP550,000 to YA Global Master SPV Ltd, and will use the funds to reduce its debt and for working capital. In a statement, the mining and exploration company with gold

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7 Apr 2014 17:30

DIRECTOR DEALINGS: Red Rock Issues Shares To Directors Under SIP

LONDON (Alliance News) - Red Rock Resources PLC said Monday that the board Board of Directors approved the issue of 15,711,999 ordinary shares under the company Share Incentive Plan.

In respect of the 2013/2014 tax year, each Director has purchased 400,000 Partnership Shares and hav

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4 Apr 2014 16:56

Red Rock Applies For Three Exploration Licences In Ivory Coast

LONDON (Alliance News) - Red Rock Resources PLC said Friday that it had applied for three exploration licenses in the southeast Ivory Coast, West Africa. The company said that the exploration licenses are in the proximity of the Ghanian border, and along trend from Newmont Mining Corporatio

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