MRF - Merafe - Trading Statement for the six months ended 30 June 2009
MRF
MRF
MRF - Merafe - Trading Statement for the six months ended 30 June 2009
MERAFE RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06
Share Code: MRF
ISIN: ZAE000060000
("Merafe")
Trading Statement for the six months ended 30 June 2009
In terms of the JSE Limited Listings Requirements, issuers 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 current reporting
period will differ by at least 20% from those of the prior comparative period.
Shareholders are advised that Merafe is expecting to report a net loss for the
six months ended 30 June 2009 of between R80 million and R100 million resulting
in a loss per share and headline loss per share of between 3 and 4 cents for the
six months ended 30 June 2009. This compares with earnings and headline earnings
of 25 cents per share for the prior comparative period.
Shareholders are advised that the financial information on which this trading
statement is based has not been reviewed or reported on by Merafe`s auditors and
is provided in terms of paragraph 3.4 (b) of the JSE Limited Listings
Requirements. The financial results for the six months ended 30 June 2009 are
expected to be released on SENS on or about 4 August 2009.
Sandton
16 July 2009
Sponsor
Deutsche Securities SA (Pty) Ltd
Date: 16/07/2009 08:30:01 Produced by the JSE SENS Department.
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