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Tanzanite One - Upgraded resource estimate expected in H2

March 2007

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:
  • 75p
Having been placed at 43.5p on AIM back in August ‘04 and now well down from the subsequent high of 275p achieved in March last year, shares in Tanzanite One (TNZ; 75p) are starting to look attractive once again. This is because a long standing overhang in the shares is beginning to clear and the company has announced deeper drilling to discover the extent of its gemstone resource. Tanzanite One is a fairly unique proposition in the mining sector. Unlike most companies, there is only one place in the world, on the western flank of the Lelatema Mountain range at Merelani in Northern Tanzania, where the blue-violet tanzanite gemstone is found. Even despite that rarity and the fact that the stone has until last year been mined ...

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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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