Siltek has delayed the release of its financial results for the year to 30 June 2001, saying they will be published only once its capital restructuring plan has been finalised.
It has asked shareholders to exercise caution in dealing in their shares until then.
The group originally said at the end of August that its results would be announced at the end of last month.
It has warned that its results will show a substantial loss.
The company has proposed a capital restructuring plan which is under negotiation with its major shareholders.
The losses have been attributed to, among other things, excess capacity and an unsuitable cost structure as a result of expansion in previous years, stock losses as a result of a new accounting system at SDD causing poor operating controls, problems at the Australian operation and its subsequent closure, and high gearing and associated interest costs.
The Siltek share was unchanged at 10c on the JSE late this morning.
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