| Mon 11 May 2009, 10:03 | | WGR - Witwatersrand Consolidated Gold Resources Limited - Trading Update |
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WGR
WGR
WGR - Witwatersrand Consolidated Gold Resources Limited - Trading Update
Witwatersrand Consolidated Gold Resources Limited
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
("Wits Gold")
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP Number: S98297104
Trading update
In terms of the Listings Requirements of JSE Limited, companies are required to
publish a trading statement as soon as they become reasonably certain that the
financial results for the period to be reported on will be more that 20%
different from that of the previous corresponding period. Accordingly, a review
of the financial results for the 12 months ended 28 February 2009 by management
has indicated that they expect a basic Loss per share of between 11,84 cents per
share and 14,45 cents per share and headline Loss per share of between 11,88
cents per share and 14,50 cents per share. In the prior comparative period the
company reported a basic and headline Profit per share of 2,82 cents per share.
This increase in the basic Loss and headline Loss per share is mainly
attributable to a reduction in the fair value gain on financial asset(13,9m);
increases in consulting fees (R1,5m)and in investor relations expenditure
(R2,2m); offset by an increase in finance income (R6,4m)and reductions in stock
exchange listing and related expenditure (R4,1m) and in the tax charge (R2,8m).
In addition the weighted average number of shares in issue increased by 1 492
263.
The financial information on which this trading statement is based has not been
reviewed or reported on by Wits Gold`s auditors. The results for the 12 months
ended 28 February 2009 are expected to be published on or about 29 May 2009.
11 May 2009
Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary)
Limited
(Registration number 1970/003711/07)
Date: 11/05/2009 10:03:02 Produced by the JSE SENS Department.
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