MMH - Miranda Mineral Holdings Limited - Further trading statement
MMH
MMH
MMH - Miranda Mineral Holdings Limited - Further trading statement
Miranda Mineral Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/001940/06)
Share code: MMH ISIN: ZAE000074019
("Miranda" or "the Company")
FURTHER TRADING STATEMENT
Shareholders are referred to the Business Update and Trading Statement
published on SENS on 6 October 2011, and are advised that the company has
obtained more certainty regarding their financial results for the year
ending 31 August 2011.
Accordingly, the decrease in Net Asset Value per share ("NAVPS") remains
within the 80 to 89% range previously announced, being 13.7 cents per
share, when compared to the same published reporting period in the
previous year, being 124.19 cents per share.
The Net Tangible Asset Value per share ("NTAVPS") for the year ending 31
August 2011, is (6.0) cents per share when compared to the same published
reporting period in the previous year, which was 4.82 cents per share.
The range for NTAVPS was not previously published.
Shareholders are advised that the 31 August 2010 results used as
comparatives above, have now been restated, due to the removal of the
Rozynenbosch Prospecting Right (as explained in the above mentioned
announcement).
Miranda advises that the further trading update could not be released
earlier, due to the lack of certainty on the intangibles.
We confirm that the financial information on which this trading statement
is based has not been reviewed by the Group`s auditors and the results
for the year ending 31 August 2011 are expected to be released shortly.
Centurion
29 November 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 29/11/2011 12:11:25 Produced by the JSE SENS Department.
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