Miranda Mineral Holdings Limited - Trading Stateme
MMH
MMH
Miranda Mineral Holdings Limited - Trading Statement
Miranda Mineral Holdings Limited
(previously Proper Group Limited)
(incorporated in the Republic of South Africa)
Registration number: 1998/001940/06
Share code: MMH & ISIN: ZAE000074019
("Miranda" or "the company" or "the group")
Trading Statement
In compliance with Section 3.4(b) of the Listings Requirements of the JSE
Limited, shareholders are advised that Miranda is expecting to report an
increase of between 75% and 95% in both its attributable and headline loss per
share ("EPS" and "HEPS") for the interim six-month period ended 28 February 2006
as compared against the corresponding equivalent six-month period ended 28
February 2005.
The reporting period saw the establishment of Miranda as a minerals exploration
group by virtue of its reverse-acquisition of Miranda Minerals (Pty) Ltd, which
was approved by shareholders in December 2005. Accordingly, shareholders are
advised to be circumspect when making direct comparisons with the group"s
historic financial results.
Shareholders are further advised that, owing to the new nature of business of
the group, the board has decided to adopt the net asset value per share
("NAVPS") measure for future trading statement purposes as NAVPS is considered a
more relevant yardstick of the performance of the group.
The above financial information has not been reviewed and reported on by the
company"s auditors.
Centurion
5 June 2006
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Corporate Advisor
Radagast Capital (Pty) Limited
Date: 05/06/2006 05:08:10 PM Produced by the JSE SENS Department
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