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Trading Statement
Mine Restoration Investments Limited
(formerly Capricorn Investments Holdings Limited)
Incorporated in the Republic of South Africa
Registration number 1987/004821/06
Share Code: MRI
ISIN Code: ZAE000164562
("MRI" or the “Company")
TRADING STATEMENT
Shareholders are advised that the expected loss per share and
headline loss per share for the financial period ended 31
August 2013 (the “Projected Financial Results”) were compared
to the financial results reported on in the previous
corresponding period being the eight month period ended 31
August 2012.
In accordance with paragraph 3.4(b) of the Listings
Requirements, companies are required to inform shareholders as
soon as there is a reasonable degree of certainty that the
earnings of the Company are likely to vary by 20% or more when
compared to the most recent corresponding period.
The board of directors of MRI hereby advises that a reasonable
degree of certainty exists that the Company will report a
basic loss per share for the period ended 31 August 2013 of
between 90 cents and 95 cents compared to the basic earnings
per share of 1 cent reported in the previous corresponding
period.
The headline loss per share for the period ended
31 August 2013 is expected to be between 90 cents and 95 cents
compared to the headline earnings per share of 1 cent reported
in the previous corresponding period.
During the period under review the company was busy
constructing a coal briquetting plant which will go into
production only after the end of the reporting period which
contributed to the aforementioned difference in the Projected
Financial Results and the financial results reported in the
previous corresponding period
The financial information on which this trading statement is
based has not been reviewed or reported on by the Company’s
auditors.
The Company’s results for the interim period ended 31 August
2013 are expected to be released on SENS on or about 18
November 2013.
15 November 2013
Corporate Advisor
AfrAsia Corporate Finance (Pty) Ltd
Designated Advisor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 15/11/2013 12:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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