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

PALLINGHURST RESOURCES LIMITED - Trading Statement

Release Date: 08/09/2014 13:50
Code(s): PGL     PDF:  
Wrap Text
Trading Statement

PALLINGHURST RESOURCES LIMITED
(Incorporated in Guernsey)
(Guernsey registration Number: 47656)
(South African external company registration number 2009/012636/10)
Share code on the BSX: PALLRES ISIN: GG00B27Y8Z93
Share code on the JSE: PGL
("Pallinghurst" or the "Company")


Trading statement

In accordance with the JSE Limited Listings Requirements, Pallinghurst gives notice that it is now reasonably
certain that its financial results for the interim period to 30 June 2014 will differ by more than 20% compared
to the financial results for the period to 30 June 2013.

Pallinghurst expects that earnings and headline earnings per share will increase to US$0.14, compared to a loss
and headline loss per share of US$0.10 for the six months ended 30 June 2013.

The significant period on period increase in earnings and headline earnings is primarily attributable to
increases in the valuation of Pallinghurst’s interests in Gemfields plc and Jupiter Mines Limited, which are held
at fair value.

Pallinghurst expects that net asset value per share at 30 June 2014 will increase to US$0.68 (US$0.43 at 30
June 2013; US$0.55 at 31 December 2013).

The financial information on which this trading statement is based has not been reviewed or reported on by
Pallinghurst’s auditors. Pallinghurst’s financial results for the period ended 30 June 2014 are expected to be
released on SENS on or about 22 September 2014.




Guernsey
8 September 2014

Sponsor
Investec Bank Limited

Date: 08/09/2014 01:50:00 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.

Share This Story