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Red Rock Resources PLC

Red Rock strengthened by £324k raise as it pushes ahead with Congo exploration

Red Rock Resources PLC's (LON:RRR) chairman Andrew Bell talks through the rationale behind the recent placing which brought in £323,750.

Bell says work on the ground in Congo is moving at pace and stresses it's important to keep that momentum going.

''If we don't, our partners will lose faith in us and our asset is getting an increasing amount of attention ... so we are anxious of course to see an increase in value and news coming out''.

Quick facts: Red Rock Resources PLC

Price: £0.01

Market: AIM
Market Cap: £3.52 m
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Red Rock Resources PLC boss hoping to be cash flow positive by year's end

Andrew Bell, chairman of Red Rock Resources PLC (LON:RRR), is hopeful that the mineral exploration and production company will be ”showing appreciable positive cash flows” by the end of 2016. Bell tells Proactive that if everything goes to plan at Shoats Creek, Red Rock will also “be...

on 1/4/16

2 min read