Chrometco reports a loss

Reuters.

Mining group Chrometco (CMO) said on Tuesday its headline loss per share in the six months ended August had narrowed to 2.81 cents‚ from 5.33 cents in the previous comparable period. No dividend was declared.

Chrometco said that during the period under review‚ its attention was focused on the proposed acquisition of a drill core and geological information from NKWE Platinum relating to chrome and platinum group metals reserves on the remainder portion of Rooderand.

The benefits attributable to Chrometco in concluding the transaction will be increased geological definition‚ resource categorisation and hence valuation of the chromite deposit on the property. - I-Net Bridge