SAM - SA Mineral Resources Corporation - Trading Statement
SAM
SAM
SAM - SA Mineral Resources Corporation - Trading Statement
SA MINERAL RESOURCES CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/000460/06)
Share code: SAM & ISIN: ZAE000012019
("Samroc" or "the company")
TRADING STATEMENT
Shareholders are advised that Samroc is expecting the loss for the year ended
30 June 2008 to be between 1020% and 1030% higher and the headline loss for
the same period to be between 470% and 480% higher compared to the loss and
headline loss for the previous comparative reporting period.
The increase in the loss and headline loss for the year resulted mainly from
corporate head office costs in relation to current and future anticipated
corporate actions amounting to R2.2 million as well as loans written off
amounting to R1.8 million. The loss for the year further includes an
impairment loss recognised on the revaluation of property plant and equipment
amounting to R5.2 million.
The information in this trading statement has not been reviewed or reported
on by Samroc`s auditors.
Midrand
3 September 2008
Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 04/09/2008 07:06:02 Produced by the JSE SENS Department.
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