Tanzanite Share Discussion Threads

[currypata kai] 11/8/2008 18:43

i am long ...and suffering

[ch1ck] 11/8/2008 18:14

Curry

What's not appropiate I dont understand?

My buy price was 30p and I have got that so I am happy. I can't see these going bust and the up side potential is greater than the down side. I tend to trade ahead of the crowd so make bigger gains and some times losses but its working for me with my Portfolio up 35% since April.

If I was on this stock all the time I would be able to call the buy but I am not so it based on news flow, the chart and experiance.

By the way what's your position do you hold or are you a shorter or sitting on the side lines?

[currypata kai] 11/8/2008 15:45

ch1ck

while I am cautiously optimistic re this company i dont think it is appropriate given the economic environment going on last years figures

[ch1ck] 11/8/2008 13:16

Brando dont you post on the BGT thread as well?

[ch1ck] 11/8/2008 13:14

Brando
The charts look set to turn when compared to the operational Report for 2007

• 60% increase in tonnes processed to 25,367 tonnes
• 38% increase in tanzanite recovered to 1.7 million carats
Financial
• 267% increase in net profit to $6.6 million attributable to equity holders
• Net cash generated from operating activities up $9.1 million to $14.4 million
• Cash and near cash balances up $5.9 million to $12.9 million at year end
• Full year dividend increased 25% to US10 cents per share

I have just doubled my holding and expect this to start moving quite soon, interim dividend is due Oct so we may see some buying ahead of this.

dyor

Safe trading

[brando69] 11/8/2008 12:50

chart looks good?

LOL

[ch1ck] 11/8/2008 12:45

Bywell

very nice but this the TNZ thread.

Curry and 8Trade the chart looks good to me and the first sign of any large buying and I am in.

[8trader] 08/8/2008 12:16

Looking at the online limits i would say no and a big overhang.

Cant sell 5k online but can get 150,000 at 30p !

That's massive.

[currypata kai] 08/8/2008 12:13

some big trades yesterday and a couple today...any hope of lifting the share price out of the doldrums ??

[buywell2] 07/8/2008 17:22

Time to check out my 3 threads on Pharma stocks set to become 4 baggers from todays SP

They are

Cyprotex CRX

Source Bioscience SBS

Tepnel Life TED

These shares are set to record in excess of 30% growth in turnover in each of the next 3 years and 2 of them will nearly double last years numbers this year

The Pharma sector is the BEST performing sector when there is a housing slump

Check out last weeks Investor Chronicle

DYOR

[topvest] 28/7/2008 21:23

Hmmm. Must be due to the fact that I have only bought shares relatively recently; should still have got the accounts though!

[bisiboy] 28/7/2008 12:51

i had mine weeks ago

[topvest] 24/7/2008 21:43

Anyone actually received the accounts? Mine still haven't arrived...is someone walking them from Tanzania!!!!!!.not impressed!

[thefod] 24/7/2008 20:07

Flatlined -

[topvest] 22/7/2008 22:13

Lets hope it doesn't happen. I think they have got a good record and so it should be renewed.

[currypata kai] 21/7/2008 16:32

whta would be the consequences of their licence not being renewed.would they be compensated ?

[topvest] 17/7/2008 21:36

Mine haven't arrived yet; did they arrive recently? The only risk is that their licence is not renewed. Think this is unlikely given their good performance. Otherwise, I would agree that they are very cheap...as almost everything at the moment!

[bisiboy] 17/7/2008 09:21

i cant see anyhting wrong with these having gone through the reprt and account with a very finr toothcomb.
my conclusion is a raging buy.

[currypata kai] 15/7/2008 11:31

just bought 35k at 0.31...of course it looks like a sell on advfn trades

[prooveyourself] 14/7/2008 15:51

Heading to 25p

[seagreen] 03/7/2008 15:00

added a few look s averitable cash cow with some interesting lumpy trades over the last few days.........cant let the clever institutions get all the cheap stock now can we.

[p@] 02/7/2008 19:13

Looks like dasein and buywell have saved some newbies from this one!
Well done.

[topvest] 27/6/2008 17:19

Hmmm...still no annual report released to shareholders!

[rev chadband] 04/6/2008 07:51

Dasein, my remarks weren't aimed at you but 2buywell (who pointlessly reposted your remarks twice) and his unwarranted speculations about nationalisation. Your remarks are thoughtful and worthy of serious consideration.

You answer your own questions about mining taxes. In any case the threat seemed to have been mainly aimed at Tanzania's gold miners, international rather than Tanzanian companies.

The SA links are historic and in terms of personnel as much anything but the corporate structure still lists part of the company in SA. In fact the overall holding company is incorporated in Bermuda (make of that what you will), so in one major way it's not really Tanzanian either.

It is indeed its monopoly and dividend that are really interesting. The political risk is lower than elsewhere in Africa. I think the shares are low because it's mining company but not one dealing in commodities hence there's a risk of reduced Tanzanite sales in a recession. But the longer term outlook as you suggest seems good.

As to the roof restoration fund it is indeed an ecumenical matter, the money is simply resting in my account at the moment.