To view the PDF file, sign up for a MySharenet subscription.

RANDGOLD & EXPLORATION COMPANY LIMITED - Trading Statement

Release Date: 02/09/2016 17:00
Code(s): RNG     PDF:  
Wrap Text
Trading Statement

Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG
ISIN: ZAE000008819
(“R&E” or “the Company”)

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited,
companies are required to publish a trading statement as soon
as they become reasonably certain that the financial results for
the period to be reported on next will differ by more than 20%
from those of the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of
certainty exists that the Company expects to report a loss and
headline loss per share of between 8.62 cents and 8.72 cents for
the six months ended 30 June 2016 compared to an earnings and
headline earnings per share of 0.47 cents for the six months
ended 30 June 2015, being a decrease of between 1935% and
1955%.The decrease in headline earnings amounts to approximately
R6m, as a result of minimal recoveries during the current
reporting period and an increase in expenditure, partly offset
by increased interest received. The net asset value changed with
7 cents from R2.34 at 31 December 2015 to R2.27 at 30 June 2016.

The information contained in this trading statement has not been
reviewed or reported on by the Company's external auditors. R&E
expects to release its financial results for the six months
ended 30 June 2016 on or about 13 September 2016.

Johannesburg

2 September 2016
Sponsor
PSG Capital

Date: 02/09/2016 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.