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Tanzanite One - Shares climb almost vertically

March 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TNZ
  • Price:
  • 255p
The tanzanite stone is rapidly developing as a mainstream gemstone behind the top five (diamonds, rubies, emeralds, sapphires, amethysts), particularly in the US which accounts for 80% of its uptake. As a result, shares in Tanzanite One (TNZ; 275p), an AIM-listed company, may dual list on the NASDAQ later this year although this has not been officially confirmed. If that happens, we think the shares, which have already risen almost vertically since joining AIM in 2004 at 43.5p, will have much further to go. Tanzanite One is the largest supplier of the tanzanite stone which is normally found in a natural green or brown state and needs to be heated to deliver its pleasing blue hues. A key characteristic is that the stone exhibits a ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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