The Board of Nova Resources Limited (AIM : NOVA.L) is pleased to announce its interim results for the six months to 30 June 2013.
Company
Nova Resources Limited +65 6236 2985
Chan Fook Meng - Chairman/CEO
Daniel Stewart & Company Plc +44 (0) 20 7 776 6550
David Hart/James Felix
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I have pleasure in presenting our interim report for the period to 30 June 2013.
We have, as expected, incurred a loss for the period of £623,000, which relates largely to ongoing developments at our investments.
As previously announced, the management of Nova Trans LLC has reported that the coal transportation contract entered into by it with Transgobi LLC expired on 15 April 2013. Whilst discussions between Nova Trans LLC and Transgobi LLC took place regarding the renewal of this contract, this has not yet occurred. The management of Nova Trans LLC are looking for other transportation opportunities in Mongolia as well as continuing a dialogue with Transgobi LLC regarding a potential renewal of the contract. They are also in discussions with potential investors for additional funding.
In August 2013, the Group secured new investment of £400,000, which will provide the Group with
adequate funding to continue to seek opportunities in line with it's investing policy.
Chairman
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Revenue | 41 | 1,170 | - | |||||||||||||||||||||||||||
Cost of sales | (197) | (832) | - | |||||||||||||||||||||||||||
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