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Trading Statement
Bauba Platinum Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU ISIN: ZAE000145686
(“Bauba” or “the Company”)
TRADING STATEMENT
In terms of the Listings Requirements of JSE Limited, companies are required to publish a trading statement
as soon as there is a reasonable degree of certainty that the results 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 30 June 2017 by management has indicated
that the earnings per share and headline earnings per share are expected to be at least 9.0 cents, reflecting
an increase of at least 633% compared to the loss per share and headline loss per share of 1.69 cents for
the year ended 30 June 2016.
Bauba generated significant cash flows from operating activities during the second half of the financial year
and ended with a cash and cash equivalents balance of R122.198 million (2016: 11.739 million) and no
interest-bearing borrowings.
This improved financial performance was driven by Bauba's only operating mine, Moeijelijk, having resumed
mining activities in January 2017 under a significantly improved chrome ore market and with the new
management team ramping up to stable monthly opencast production. The chrome ore price then dropped
significantly in May 2017 and has since improved and stabilised.
“These results demonstrate Moeijelijk Mine’s cash generation ability and future potential, once the
underground mine development is completed and the mine operates at stable monthly production for a full
calendar year,” says Jonathan Knowlden, Financial Director of Bauba.
A further trading statement will be released once the Company has a greater degree of certainty with regards
to its financial results for the year ended 30 June 2017.
The financial information on which this trading statement is based has not been reviewed or reported on by
the Company’s auditors.
Johannesburg
21 July 2017
Sponsor
Merchantec Capital
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