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SENTULA MINING LIMITED - Further trading statement

Release Date: 24/06/2013 10:30
Code(s): SNU     PDF:  
Wrap Text
Further trading statement

Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
(“Sentula”)


                                    FURTHER TRADING STATEMENT



In terms of the Listings Requirements of 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 will
differ by more than 20% from that of the previous corresponding period.

Further to the trading statement released on SENS on 19 April 2013, a review of the financial results for the
year ended 31 March 2013 by management has indicated that the basic loss per share is expected to be
between 141.7 cents and 159.5 cents per share and the headline loss per share is expected to be between
24.8 cents and 29.2 cents per share, compared to the basic loss per share of 88.9 cents and the headline
earnings per earnings per share of 21.7 cents per share for the year ended 31 March 2012.

In addition to the factors relating to the Platinum and Contract Mining sectors, which have impacted on the
financial performance referred to in the trading statement released on SENS on 19 April 2013, there has
been a further deterioration in the prospects for exploration drilling in both the domestic and international
markets as a result of the further decline in commodity prices, especially the platinum group metals and gold
price. Sentula’s results have therefore been further impacted by an impairment of goodwill, recognised on
the acquisition of the Geosearch business in 2007 and 2008 and a write down of stock and equipment that
has become redundant.

The financial information on which this trading statement is based has not been reviewed or reported on by
Sentula’s auditors.

Sentula’s year-end financial results are expected to be released on or about 27 June 2013.

Johannesburg
24 June 2013

Sponsor
Merchantec Capital

Date: 24/06/2013 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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