Crusader has half year loss
Crusader Minerals NZ, Ltd, incurred a group net loss of $188,270 in the six months to December 31, the directors say in the first financial report of the company since listing last year. The unaudited result, which included equity accounting from an associate company, was after writing off preliminary expenses of $223,482. Before the expenses the company showed
a maiden net trading profit of $35,212.
Acquisition, exploration, and development expenditure totalled $990,936, of which $700,000 was for mining privileges, including the $700,000 paid for Monowai mine and associated privileges. . The second six months was not expected to show any significant financial change, the directors say.
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Press, 28 February 1984, Page 21
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110Crusader has half year loss Press, 28 February 1984, Page 21
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