CMO - Chrometco Limited - Trading Statement

CMO - Chrometco Limited - Trading Statement                                     
Chrometco Limited                                                               
(Incorporated in the Republic of South Africa)                                  
(Registration number 2002/026265/06)                                            
Share code: CMO ISIN: ZAE000070249                                              
("Chrometco" or "the company")                                                  
TRADING STATEMENT                                                               
In terms of the Listings Requirements of the JSE Limited relating to Trading    
Statements, a listed company is required to publish a trading statement as soon 
as it becomes aware that the financial results for the next period to be        
reported on will differ by at least 20% or more from those of the previous      
corresponding period.                                                           
Shareholders are advised that the company expects the following results for the 
year ended 29 February 2012:                                                    
Headline loss per share of between 8 - 9 cents per share (2011: Loss of 4, 11   
cents per share). Change of 94% to 119%.                                        
Earnings per share of between 51 - 54 cents per share (2011:Earnings of 2, 8    
cents per share). Change of 1732% to 1840%.                                     
Net asset value per share of between 91 - 94 cents per share (2011:21 cents per 
share). Change of 334% to 348%.                                                 
The results for the year have been affected by IFRS requirements relating to the
rerecognition of the ownership of the group`s mining assets at fair value       
pursuant to the intended sale not being agreed by shareholders, and related     
matters including additional taxation provisions which are expected to be one-  
off non-recurring items, as well as costs relating to the commencement of mining
operations in December 2011.                                                    
The financial information on which this trading statement is based has not been 
reviewed or reported upon by the company`s auditors.  The company`s results for 
the twelve month period ended 29 February 2012 are expected to be published on  
or about 11 May 2012.                                                           
08 May 2012                                                                     
Designated Advisor                                                              
Sasfin Capital                                                                  
A Division of Sasfin Bank Limited                                               
Date: 08/05/2012 09:27:01 Supplied by www.sharenet.co.za                     
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