ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

RSX Resaca

2.69
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Resaca LSE:RSX London Ordinary Share COM SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.69 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Interim Results

07/09/2005 8:02am

UK Regulatory


RNS Number:9154Q
Resmex plc
07 September 2005

7 September 2005

RESMEX PLC
("Resmex" or "the Company")

Interim Results for the period ended 30 June 2005

Resmex today announces its interim results for the period from incorporation, on
22 October 2004, to 30 June 2005.

Chairman's Statement

In March 2005 we floated on AIM, having raised cash of #885,000 (before
expenses) and issued 88,500,000 new ordinary shares. The proceeds of the placing
were to provide working capital and finance initial evaluations of potential
investment opportunities. On 5 August 2005 we successfully acquired the entire
share capital of Sermines de Mexico S.A. de C.V., a company which owns mineral
exploration rights in the north of Senora Province in Mexico, for a
consideration of US$150,000 in cash.

Outlook

Your board believes that the current high prices in the energy and mineral
resources sectors are likely to continue for some time. Accordingly we are
continuing to look for opportunities which may be suitable for Resmex to grow
its resource assets. These opportunities can either be at the "grass root"
exploration stage as in our Mexican investment, they may be at the next stage of
pre-feasibility study or indeed full feasibility may already have been
completed.

We have already evaluated several opportunities on your behalf which have been
rejected. We have encountered no shortage of opportunities in the current
environment and our mission remains to pursue resource based projects which we
hope will increase the value of the Company.

Robert J Annells, Chairman
7 September 2005

For further information, please contact:

Sue Wickerson                           020 8466 0406
Resmex plc


INTERIM CONSOLIDATED RESULTS
for the period to 30 June 2005
                                                                     Period to
                                                                  30 June 2005
                                                                   (Unaudited)
                                                                             #

Income                                                                       -

Administrative expenses                                                (21,928)
                                                                    ------------
Operating profit                                                       (21,928)

Interest receivable                                                      7,379
                                                                    ------------
Loss on ordinary activities before taxation                            (14,549)

Taxation                                                                     -
                                                                    ------------

Retained loss for the period                                           (14,549)
                                                                    ============



CONSOLIDATED BALANCE SHEET
as at 30 June 2005
                                                                  30 June 2005
                                                                   (Unaudited)
                                                                             #
Current assets

Debtors                                                                  1,000
Cash at bank                                                           835,867
                                                                    ------------
                                                                       836,867

Current liabilities

Creditors - amounts falling due
within one year                                                         (3,677)
                                                                    ------------

Net current assets                                                     833,190
                                                                    ------------

Total assets less current liabilities                                  833,190

Creditors - amounts falling due
after more than one year                                                     -
                                                                    ------------
Net assets                                                             833,190
                                                                    ============

Capital and reserves

Share capital                                                          141,589
Share premium                                                          706,150
Profit and loss account                                                (14,549)
                                                                    ------------
                                                                       833,190
                                                                    ============



GROUP CASH FLOW STATEMENT

for the period to 30 June 2005

                                                                     Period to
                                                                  30 June 2005
                                                                   (Unaudited)
                                                                             #

Net cash outflow from

operating activities (Note 1)                                          (19,251)
                                                                    ------------

Returns on investments and

servicing of finance
Interest received                                                        7,379
                                                                    ------------
Net cash inflow from returns on

investments and servicing of finance                                     7,379
                                                                    ------------

Cash outflow before financing                                          (11,872)

Financing

Issue of ordinary share capital                                        938,089
Expenses of flotation                                                  (90,350)
                                                                    ------------
                                                                       847,739
                                                                    ------------

Increase in cash in the period                                         835,867
                                                                    ============


NOTES TO GROUP CASH FLOW STATEMENT

1. Net cash outflow from operating activities                        Period to
                                                                  30 June 2005
                                                                   (unaudited)
                                                                             #
Operating loss                                                         (21,928)
Increase in debtors                                                     (1,000)
Increase in creditors                                                    3,677
                                                                      ----------
                                                                       (19,251)
                                                                      ----------

2. Analysis of net debt
                                                                 At 30 June 2005
                                                                   (unaudited)
                                                                             #
Cash at bank                                                           835,867



NOTES

1. Basis of preparation

The company was incorporated on 22 October 2004 and was admitted to trading on
AIM on 29 March 2005. The company's year end is 31 December, and the results
shown in the profit and loss account relate to the period from incorporation on
22 October 2004 to 30 June 2005, the group's interim accounting date.

2. Principal accounting policies

2.1 Accounting convention

The interim financial information has been prepared in accordance with
applicable United Kingdom accounting standards and under the historical cost
convention modified to include the revaluation of certain fixed assets. The
information is unaudited and does not constitute statutory accounts within the
meaning of section 240 of the Companies Act 1985.

3. Copies of report

Copies of this report are available from the Company's registered office at 32
Lancaster Mews, London, W2 3QE.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
IR EQLFBEKBZBBK

1 Year Resaca Chart

1 Year Resaca Chart

1 Month Resaca Chart

1 Month Resaca Chart