Since listing in 2005 Red Rock Resources (LON:RRR) has seen some extremes in its share price and has been somewhat of a roller coaster ride for investors over the years. Those who invested in 2009 will recall the spectacular journey up from a fraction of a penny to over 15p in 2010 and the (equally spectacular) ride back down again to around the same levels where it all started. With the cyclical resources market, timing is everything and its never as easy as it looks as no one is going to ring a bell to let you know when you get to the top - or the bottom.
For us, Red Rock's current position is looking eerily similar to that of 2009, when it held a clutch of compelling assets with completely bombed out valuations - only today most of those assets are far more developed (with particular regard to the company's stake in Jupiter Mines).
Followers of Red Rock's sister company Regency Mines will know only too well it can take just a spark to start the fusion, transforming sentiment and market psychology almost overnight. The market was tough in 2009 but Red Rock used that tough market as a platform to outperform. So on the back of Regency's resurgent new direction, we thought it would be very timely to get Chairman Andrew Bell's take on the current state of the natural resources market, as we grind our way out of this market cycle trough, and to see what plans he has to repeat the same trick with Red Rock. Or in other words, when the going gets tough…will the tough get going?