MERAFE RESOURCES LIMITED - Trading statement for the six months ended 30 June 2012
MRF
Trading statement for the six months ended 30 June 2012
Merafe Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
JSE share code MRF
ISIN ZAE000060000
(?Merafe? or ?the Company?)
Trading statement for the six months ended 30 June 2012
In terms of the JSE Limited Listings Requirements (?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 period to be reported on next will differ by at least 20 percent from
those of the prior comparative period. Shareholders are advised that Merafe is expecting to report
both basic earnings per share and headline earnings per share of between 5.2 cents and 5.7 cents for
the six months ended 30 June 2012. This compares with both basic earnings per share and headline
earnings per share of 3.5 cents for the prior comparative period which represents an increase of
between 49 percent and 63 percent.
Update on cash balance and debt
At 30 June 2012 Merafe closed with a cash balance of R80m and had long-term debt of R300m.
Shareholders are advised that the financial information on which this trading statement is based, has
not been reviewed or reported on by Merafe?s external auditors and is provided in terms of paragraph
3.4(b) of the Listings Requirements. The financial results for the interim period ended 30 June 2012
are expected to be released on SENS on 7 August 2012.
Sandton
20 July 2012
Sponsor
Merrill Lynch South Africa Proprietary Limited
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