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Red Rock Resources: Value review, right now and looking ahead
One stock we are currently waiting on is Red Rock Resources (AIM:RRR). We hold the shares here and we have been adding to our position as the price continues to fall.
There are some legacy issues to note here; perhaps they could be summed up as “previous performance expectations”. This is not a fundamental value issue, but it is currently hanging over the share price and dampening investor sentiment. As value investors we are focusing on the value staring us in the face, so we will happily discount all the prevailing sentiment issues and wait for the mood to change. It usually does.