Wescoal confirms financial turnaround

[miningmx.com] – WESCOAL, the junior miner and trading company,
served notice that it had put last year’s poor financial performance behind it telling
shareholders in an announcement to the JSE that its full-year results would be more
than 20% better than last year.

“Shareholders are advised that the directors expect the earnings for the
year ended 31 March 2012 to be between 11.5 and 13.0 cents per share compared to
a loss of 29.11 for the comparative period and headline earnings to be between
10.0 and 11.5 cents per share compared to a loss of 26.17 cents per share for
the comparative period,” the company said in its statement.