Andrew Bell, Chairman and CEO of Red Rock Resources (LON:RRR) is our guest on the podcast today in the first MiningMaven interview with the Company in over two years.
Red Rock was one of the best performers in our portfolio during the last mining bull phase between 2009 and 2011 with a share price rise of around 60x ! At its peak, Red Rock's market cap was in excess of £100m. As the mining cycle went into reverse, the company was forced to make drastic cost cutting measures and the share price now sits at around 0.6p giving the company a market cap of around £2.5m.
Having slashed costs to the bone and survived the worst of the downturn, Red Rock is now positioning itself for the recovery phase (Andrew Bell has earned himself the nickname "The Recovery Man"). As we always say, in this sector timing is everything.
You can see from the latest company presentation, Red Rock is now focusing on three things: Cash Flow, Gold and Oil.