() posted wider losses in the half year to December.
At the pre-tax level, losses widened to £283,000 from £115,000 a year earlier, while a write-down on its stake in Jupiter Mines meant attributable net losses were £2.1mln against a profit of £4.62mln previously.
Australia-listed Jupiter is paying dividends, however.
For the year ended February 2019, the payment was 7.5 cents and as manganese prices have been steady, dividend payments are expected to continue.
Red Rock owns 18.525mln shares in Jupiter (0.95%), which means a dividend receipt of A$1.39mln (£750,000) for the year just ended.
Elsewhere, Red Rock has expanded its exploration acreage in Congo and taken a stake in ().
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Red Rock Resources PLC named herein, including the promotion by the Company of Red Rock Resources PLC in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE