BAUBA PLATINUM LIMITED - Trading Statement

Release Date: 22/08/2018 16:00
Code(s): BAU
 
Wrap Text
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 2018 by management has indicated
that the earnings per share and headline earnings per share are expected to be between 9.35 cents and
10.83 cents, reflecting a decrease of between 36.4% and 26.4% compared to the earnings per share and
headline earnings per share of 14.71 cents for the year ended 30 June 2017.

This lower performance compared to the prior year was primarily due to a weaker chrome ore market and a
delay in excess of the timeframes stipulated by legislation for the Department of Water & Sanitation (DWS)
to grant an application for an amended water use license (WULA) which resulted in no opencast production
for the months of May and June 2018.

Bauba received the above mentioned WULA towards the end of June 2018 and has since re-commenced
opencast production. The result of this will be reflected in the 2019 financial year.

Bauba expects to release its provisional condensed consolidated results on or about 29 August 2018.

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


Johannesburg
22 August 2018

Sponsor
Merchantec Capital

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