Our guest on todays podcast is Andrew Bell, Chairman and CEO of Red Rock Resources (LON:RRR) and we discuss the Company's latest news regarding the completion of the Jupiter Mines share buy back. Following the equal access buyback, in which Red Rock tendered 6% of the Jupiter stock it held, Red Rock has received USD 655,784.80 (approximately £537,131) and holds 25,684,913 shares in Jupiter, equivalent to approximately 1.2% of the issued share capital.
The company also announced that Jupiter Mines has launched a process to investigate strategic options to realise shareholder value from their flagship Tshipi manganese mine, with Bank of America Merrill Lynch being appointed as advisors to progress these options.
We hope you enjoy listening.
All opinions expressed are those of MiningMaven and the respective guests, unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company.
From time to time MiningMaven principals may take equity positions in companies featured. Listeners are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk.
Investors should also seek the advice of a qualified investment adviser or stockbroker, as they deem appropriate.
This interview was recorded on Wednesday 15th March 2017.
MiningMaven.com is a trading division of Catalyst Information Services Limited. Registered in England no. 06537074 (Registered Office Address 3rd Floor Ivy Mill, Crown Street, Manchester, M35 9BG