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2007 Final Results |
"I am pleased to be able to inform shareholders that Bisichi Mining has never been in a stronger financial position.
Bisichi made a trading profit in 2007 in excess of £2.3 million, group gearing fell
from 22.4% to 15.2%, we have over £3 million on deposit, we expect shortly to commence
open cast mining at Black Wattle Colliery, opportunities to acquire new coal reserves
in South Africa have never been better, and income from our property portfolio remained
steady.
The headline loss
for the full year, which arises from the way in which
we now have to treat unrealised gains and losses in our property portfolio, therefore
disguises an exceptionally strong performance by your company. "
See the full announcement in the 2007 Final Results
Michael Heller, Chairman
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share price |
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330
(+0)
Last obtained 17 minutes ago from Barclays Stockbrokers
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