SENTULA MINING LIMITED - Trading Statement

Release Date: 12/06/2014 12:20
Code(s): SNU
 
Wrap Text
Trading Statement

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


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.

Accordingly, a review of the financial results for the year ended 31 March 2014 by management has
indicated that the basic loss per share is expected to be between 83.6 and 100.1 cents and the headline loss
per share is expected to be between 41.2 and 46.2 cents, compared to the loss per share of 148.5 cents and
the headline loss per share of 24.9 cents for the year ended 31 March 2013.

The basic loss per share from continuing operations is expected to be between 43.5 and 52.1 cents and the
headline loss per share from continuing operations is expected to be between 25.8 and 30.9 cents.

These results have been largely impacted by:

    -   the effect of accounting for the sale of Sentula’s stake in the Nkomati Anthracite Mine as a
        discontinued operation;
    -   a further impairment of Geosearch’s Property, Plant and Equipment, associated with their
        international operations, given the lack of gold exploration in West, Central and East Africa; and
    -   the restructuring at Group and operating entity level.

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 26 June 2014.

Johannesburg
12 June 2014

Sponsor
Merchantec Capital

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