CMO
CMO
CMO - Chrometco Limited - Trading Statement - 31st August 2007
Chrometco Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/026265/06)
Share code: CMO & ISIN: ZAE00007020249
("Chrometco" or "the group")
TRADING STATEMENT - 31st AUGUST 2007
In terms of the listing requirements of the JSE Limited ("JSE"), companies are
required to publish a trading statement as soon as they are satisfied that a
reasonable degree of certainty exists that the financial results for the period
to be reported on will differ by 20% or more from the financial results for the
previous corresponding period.
Shareholders are advised that Chrometco has just completed its interim period
for the six months ended 31 August 2007 and that Chrometco`s Loss and headline
Loss per share for this period are expected to have increased by 35.7% to (2.18)
cents per share compared to (1.40) cents per share for the six months ended 31
August 2006.
This is attributed to exploration and opportunity development that has been
undertaken on mineral concessions and rights in the Democratic Republic of the
Congo.
The financial information on which this trading statement is based has not been
reviewed or reported on by Chrometco`s auditors.
The results for the six months ended 31 August 2007 are expected to be published
within the next week.
For and on behalf of the board of directors
S.H.Simons J.R.Francey
Chief Executive Officer Chief Financial Officer
25 September 2007
Directors: J.H.R.Raubenheimer (Chairman), S.H.Simons (CEO), J.R.Francey (CFO),
T.W.Scott, P.Baloyi.
Designated Advisor
River Group.
Date: 25/09/2007 10:48:01 Produced by the JSE SENS Department.
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