Stock data
| Market cap. | £16.5m |
| Last close | 1.86p |
| High / Low (52 weeks) | 9.2p / 1.9p |
| Stock market listing | AIM |
| Forecast net cash (£m) | 1.2 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (20.17) | (31.11) | (76.09) |
| Relative * | (16.25) | (25.45) | (73.73) |
* % Relative to local index
Other companies covered in sector
| Y/E Jun | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.0 | (0.9) | (1.5) | (0.26) | N/A | N/A |
| 2011A | 0.9 | (1.1) | (1.6) | 0.01 | 186.0 | N/A |
| 2012E | 4.7 | 0.4 | (1.0) | (0.25) | N/A | 4.0 |
| 2013E | N/A | N/A | N/A | N/A | N/A | N/A |
Last updated on 18/04/2012
Latest research
Mt Ida royalty sale
Update | Mining | 10/02/2012
Growing clarity
Update | Mining | 31/01/2012
A hive of activity
Update | Mining | 29/07/2011
Falling into place
Update | Mining | 06/04/2011
Cranking up
Update | Mining | 22/09/2010
Pure Colombian
Update | Mining | 12/07/2010
Maiden dividend beckons
Update | Mining | 17/02/2010
New Kenyan investment
Update | Mining | 10/12/2009
Results and deals
Update | Mining | 30/11/2009
Cue investment
Update | Mining | 04/11/2009
More than it appears
Outlook | Mining | 22/10/2009
Investment summary
Q1 production from Red Rock's Colombian operations report a 12% increase in ore processed to 5,658 tonnes and a 23% increase in grade to 10.7g/t, but gold sales for the period fell 19% to 1149oz due to plant inefficiencies. A new chief operating officer, Dr Peter Bolt, formerly of SRK was recently appointed to improve efficiency and production. Red Rock has also told the market that drilling on the previously unexplored Nyatworo and Eastern areas located to the north-west of its Migori gold project area, Kenya, has returned grades of up to 1.84g/t Au over 1m at Nyatworo.
Last updated on 23/04/2012
Industry outlook
In our note of 9 February we revised our low-end valuation, reducing Red Rock’s post-tax Mt Ida value to US$19.6m (assuming 30% tax). Our median and top-end scenarios feature Anglo Pacific’s cash payments plus 50% of our previous values of Red Rock’s 1.5% Mt Ida production royalty. Our low-end, median and top-end valuation scenarios are now 3.96p/share, 9.45p/share and 30.54p/share respectively.
Last updated on 23/04/2012
Key management
| Andrew Bell, Chairman & CEO |
Company address
| 115 Eastbourne Mews London W2 6LQ United Kingdom +44 (0)20 7099 5840 View website |
