Revenue for the six months period increased by 68.75% to R54 000 (R32 000) while the net loss for the period increased by 132.14% to R2.85 million (R1.23 million). Thabex reported a headline loss per share of 5.21c (loss of 6.63c). Net asset value per share decreased by 32.15% to 65.58c (96.66c).
Dividend
No dividend has been declared for the period.
Prospects
The company has agreed to acquire the entire issued share capital of Minnex Exploration Ltd for R8 million. Minnex has several diamond exploration projects and one base mineral project in South Africa and a kimberlite exploration project in Namibia, where it has a joint venture with Namdeb. A New Order Prospecting Right on Portion 1 of farm the Middelwater 18 has been granted by the DME. Thabex has also entered into a Heads of Agreement with Uganda based exploration company, Devex Ltd, to form a 50/50 joint venture in Uganda to explore and possibly develop the gold potential of the Mafuga Forest Exclusive License (EL 0103,) covering 178 km2, held by Devex.
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