|
SIMMER AND JACK MINES LIMITED - SIMMER AND JACK MINES LIMITED - TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
SIMMER AND JACK MINES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1924/007778/06
Share code: SIM
ISIN: ZAE000006722
("Simmers" or "the Company")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Following a review of the interim results by the Company"s directors,
shareholders are advised that Simmers" headline earnings for the six-month
period ended 30 September 2003 will be substantially lower ("substantially"
being a decrease of equal to or greater than 30% as defined in the JSE
Securities Exchange South Africa Listings Requirements), when compared to the
prior comparative period.
The main reasons for the decrease in earnings are:
* lower production;
* lower grade; and
* the lower Rand gold price due to the strength of the Rand.
The Simmers board is presently finalising their review of the Company"s results
for the six months to 30 September 2003. Shareholders are accordingly advised to
exercise caution when dealing in the Company"s securities until the interim
results are published on or about 19 December 2003.
Johannesburg
5 December 2003
Sponsor:
RIVER GROUP
Date: 05/12/2003 04:23:02 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
SIMMER AND JACK MINES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1924/007778/06
Share code: SIM
ISIN: ZAE000006722
("Simmers" or "the Company")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
Following a review of the interim results by the Company"s directors,
shareholders are advised that Simmers" headline earnings for the six-month
period ended 30 September 2003 will be substantially lower ("substantially"
being a decrease of equal to or greater than 30% as defined in the JSE
Securities Exchange South Africa Listings Requirements), when compared to the
prior comparative period.
The main reasons for the decrease in earnings are:
* lower production;
* lower grade; and
* the lower Rand gold price due to the strength of the Rand.
The Simmers board is presently finalising their review of the Company"s results
for the six months to 30 September 2003. Shareholders are accordingly advised to
exercise caution when dealing in the Company"s securities until the interim
results are published on or about 19 December 2003.
Johannesburg
5 December 2003
Sponsor:
RIVER GROUP
Date: 05/12/2003 04:23:02 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
