What it owns
Manganese - 0.87% stake in Jupiter Mines that owns nearly 50% of the Tshipi open pit manganese mine in South Africa.
Cooper/cobalt - three licences in the Democratic Republic of Congo.
Gold – Migori (Kenya 100%), El Limon (Colombia royalty), Ivory Coast (100%).
Oil & Gas – Elephant Oil (Benin 4.84%).
How it is doing
Re Rock Resources said its positioning in gold and battery metals will be well-adapted for an uptick in the economy following the coronavirus crisis.
Its holding in Jupiter Mines, a very low-cost major manganese producer, will also continue to provide support for its asset value as well as providing ongoing cash flow.
The company said, however, that it will also prepare itself for a less benign environment by ensuring that it can turn off a significant proportion of its costs at short notice.
In the six months to 31 December it swung to a profit before tax of £337,000 from losses of £283,000 a year earlier.
What the boss says: Andrew Bell, chairman
"The COVID-19 coronavirus pandemic declared on 11 March 2020 has shaken up the kaleidoscope so effectively as to change every market and every part of the world economy: today they all look different. The impact of these changes has been almost universally negative in the short term, with the strength in the gold market a rare exception."
"Red Rock's current assumption is that although there are short term effects on the world economy, human ingenuity will find solutions and the successes of Taiwan, South Korea, Japan, Singapore, and even China in controlling the outbreaks while limiting the damage to economic activity and people's livelihoods will provide some lessons that can be adapted to apply in the Western economies."
"Nearer home, the templates of Iceland, Norway and Germany may already offer directly applicable lessons in testing, tracing, and reducing mortality. Should this be correct, the bounce-back will be rapid, and the extra liquidity being pumped into economies may assist this."
"Red Rock will however prepare itself for a less benign environment by ensuring that it can turn off a significant proportion of its costs at short notice."