AFO
AFO
AFO - Aflease Gold Limited - Trading update
AFLEASE GOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1984/006179/06)
Share Code: AFO & ISIN Code: ZAE000075867
("Aflease Gold" or "the company")
TRADING UPDATE
In terms of paragraph 3.4(b) of the Listings Requirements of JSE Limited,
companies are required to publish a trading update as soon as they become
reasonably certain that the financial results for the period to be reported on
will differ by more than 20% from that of the previous corresponding period.
Accordingly, Aflease Gold advises shareholders that it expects:
- the basic loss per share for the year ended 31 December 2008, to be between
37.82% and 57.82% less than that of the previous comparative period;
- the headline loss per share for the year ended 31 December 2008, to be
between 38.22% and 58.22% less than that of the previous comparative
period; and
- the diluted loss per share for the year ended 31 December 2008, to be
between 17.14% and 37.14% less than that of the previous comparative period
The reduction in losses expected for the year ended 31 December 2008, is as a
result of less expenditure incurred in respect of exploration together with a
general reduction in administration costs. Costs have been reduced to focus
available working capital towards the development of the Modder East project
which is expected to come into production, as targeted, in the last quarter of
2009.
The financial information on which this trading statement is based has not been
reviewed or reported on by Aflease Gold`s external auditors. The company`s
results for the year ended 31 December 2008, are expected to be released on SENS
on or about 31 March 2008.
Johannesburg
27 March 2009
Sponsor
Macquarie First South Advisers (Pry) Limited
Date: 27/03/2009 12:37:02 Produced by the JSE SENS Department.
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