[miningmx.com] — ABSOLUTE Holdings, which is to be renamed Bauba Platinum, advised on Tuesday that its headline loss per share for the year ended June 30 2010 will be between 10% and 20% higher than the 58.59c headline loss per share reported for the previous year.
It added that a reasonable degree of certainty exists that the company’s loss per share will be between 210% and 230% lower than the 58.59c loss per share reported for the year ended 30 June 2009.
“Shareholders are advised that the major portion of the expected loss is due to discontinued operations as disclosed in the last circular issued to shareholders on 17 May 2010. In addition, shareholders are reminded of the Bauba acquisition which is a major subsequent event, which has no impact on the results for the year ended 30 June 2010,” the company said in a trading update.
The company is currently finalising its financial results for the year ended 30 June 2010 and expect to announce them on or about 17 September 2010.
