TBX
TBX
TBX - Thabex Exploration Limited - Trading Statement
THABEX EXPLORATION LIMITED
("Thabex or the Company")
Registration No 1988/000763/06
(Incorporated in the Republic of South Africa)
Young Lions Exploring Africa
JSE share code: TBX
ISIN Code: ZAE000013686
TRADING STATEMENT
In terms of the Listings Requirements of the JSE Limited, a listed company is
required to publish a trading statement as soon as it becomes aware that the
financial results for the next period to be reported on will show a 20% or more
difference from those of the previous corresponding period.
Thabex hereby advises that a reasonable degree of certainty exists that the loss
and headline loss per share for the year ended 28 February 2007 will exceed the
comparable loss and headline loss per share for the year ended 28 February 2006
by between 90% to 100%, and 110% to 120%, respectively. This financial
information has not been reviewed and reported on by the auditors of Thabex.
The increased loss and headline loss per share were mainly attributable to the
increased depreciation charge as a result of the purchase of mining equipment
for Angel Diamonds (Pty) Limited and the increased exploration expenditure by
the Thabex group.
Johannesburg
28 May 2007
Sponsor
PSG Capital (Pty) Limited
Date: 28/05/2007 15:16:59 Produced by the JSE SENS Department.
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