Sub-Sahara Resources has $10m lossSource: News BitesSub-Sahara...

Sub-Sahara Resources has $10m loss


Source: News Bites

Sub-Sahara Resources NL increased its loss to $10 million in the half-year to December 31, 2008 from a previous $3 million loss, on revenue down 53.1% to $136,000.

There was no dividend.

Cash was down 80.8% to $599,000.

The profit result was largely driven by a $7 million loss due to an exploration write-down.

Directors say that the company will sell its Tanzanian assets for $1.25 million, with a further $5 million payable on commencement of commercial production.

STOCK DASHBOARD: March 17, 2009

Sub-Sahara Resources

Last traded March 12, 2009: 1.60c

Price change from previous trading day: 6.7%

Relative Strength (6 months percentile rank): 49.9

Market capitalisation: $7.9 million

Turnover volume: 200,000.0

Volume Index (1 is average): 0.6

Turnover value: $3,200

Turnover period: 5 years 5 months

Value of $1,000 invested 1 year ago: $242

Source: www.BuySellTips.com.