Johannesburg – Merafe Resources [JSE:MRF] advised on Friday
that for the six months ended June 2012‚ it expects to report both basic
earnings per share and headline earnings per share of between 5.2 cents and 5.7
cents – a 49% - 63% increase over the prior period’s 3.5 cents per share.
At end-June 2012 Merafe closed with a cash balance of R80m
and had long-term debt of R300m.
Merafe's results are expected to be released on August 7
Merafe shares gained 1.33% R0.76.