SIM
SIIF
SIM - Simmers - Trading Statement
Simmer and Jack Mines, Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1924/007778/06)
Share code: SIM ISIN: ZAE000006722
("Simmers" or "the Company")
TRADING STATEMENT
Following the review of the provisional results, the Company`s directors would
like to advise shareholders of Simmers` trading performance for the twelve
months ended 31 March 2007.
Simmers is expecting the loss per share and headline loss per share, for the
twelve months to 31 March 2007, to be between 16.5 cents and 20.5 cents,
compared to earnings per share of 0.24 cents and a headline loss per share of
11.11 cents for the prior comparative period ending 31 March 2006. The
comparative increase in losses is principally as a result of the unrealized gain
from the Buffelsfontein acquisition which was recognized during the 2006
financial year and reported in the financial statements for that period.
The information in this trading statement has not been reviewed or reported on
by Simmers` auditors. Simmers expects to release its reviewed provisional
results for the year ended 31 March 2007 on or about Friday, 15 June 2007.
Johannesburg
13 June 2007
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 13/06/2007 17:23:13 Produced by the JSE SENS Department.
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