Previously known as Mine Restoration, this company invests in mining resources. It owns the Langpan Project which mines and processes chrome with a high concentration of platinum group metals (PGM). The Langpan orebody consists of 3.1 million tonnes of open cast resource and over 4.9 million tonnes of underground resource, as confirmed by MSA Competent Persons report.
In its results for the six months to 31st August 2023 the company reported revenue of R13m and a loss of R16m or 10c per share. The company has R63,5m worth of assets and R254m worth of liabilities.
In a trading statement for the year to 29th February 2024 the company estimated that it would make headline earnings per share (HEPS) of between 0c and 1c compared with a loss of 12c in the previous year.
It is an untraded, loss-making penny stock which is apparently technically insolvent. It is clearly not suitable for private investors at this time.
In its results for the six months to 31st August 2023 the company reported revenue of R13m and a loss of R16m or 10c per share. The company has R63,5m worth of assets and R254m worth of liabilities.
In a trading statement for the year to 29th February 2024 the company estimated that it would make headline earnings per share (HEPS) of between 0c and 1c compared with a loss of 12c in the previous year.
It is an untraded, loss-making penny stock which is apparently technically insolvent. It is clearly not suitable for private investors at this time.
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