Trading update and further cautionary announcement
Matodzi Resources Limited - Trading update and further cautionary announcement
MATODZI RESOURCES LIMITED
(Registration Number 1933/004523/06)
Share Code: MTZ ISIN: ZAE000042412
(`Matodzi` or `the Company`)
TRADING UPDATE
In terms of the JSE Limited Listings Requirements, companies are required to
publish a trading statement as soon as they are reasonably certain that the
financial results for the current reporting period will differ by at least 20%
from the financial results for the previous corresponding period.
Shareholders are advised that Matodzi`s headline earnings and basic earnings per
share for the year ended 31 March 2005 will be 65 cents and 55 cents per share
lower respectively, when compared to the prior period. The information in this
trading statement has not been reviewed or reported on by Matodzi`s auditors.
The reviewed preliminary results announcement is expected to be published on or
about 29 July 2005.
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary and renewal of cautionary
announcements published on 12 April 2005 and 9 June 2005 respectively, and are
advised that the discussions detailed in those announcements are continuing. As
these negotiations may have an effect on the price of the Company`s shares,
shareholders are advised to continue exercising caution when dealing in their
Matodzi shares until a further announcement is made.
Johannesburg
28 July 2005
Sponsor
RiverGroup
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