Tanzanite Share Discussion Threads

[bisiboy] 08/11/2008 17:15

i would rather pick up a 20% div yield and share remain out of favor than
to have my shares stolen

[hosede] 04/11/2008 09:20

Seems amazing that 36m shares would be tendered to such a lousy offer, but in these markets and with what seemed to be the alternative possibility of becoming a minority shareholder well maybe not

[hyper al] 04/11/2008 07:39

Very well worded RNS.

Makes good reading.

[topvest] 31/10/2008 21:01

Another director goes. TNZ board meetings must be interesting at the moment; one gets the feeling that something is not quite right here.

[topvest] 27/10/2008 07:45

Yes, looks like that has scuppered the tender offer well and truly. Gemstones plc will need to come back with a better offer.

[hyper al] 27/10/2008 07:26

Tanzanite One reacting well.

[malkie] 25/10/2008 20:21

Everything cant be hunky dory internally with TNZ or GEM would never have received irrevocable undertakings from around a 18.8 pct. of shareholders.

I don't hold but am watching GEM with a view to buy at some point.

Why don't shareholders phone GEM and ask why they think its such a good idea to sell them your shares??

Cant see any point in bleating on about how unfair it is. If it aint fair and its still legal then you are wasting your time.

Who ever said they shouldn't be proud of their actions needs a reality check.

TNZ have been out manoeuvred and it serves them right for trying to go head to head with the founder of BHP Billiton!

[bisiboy] 25/10/2008 11:46

this is a disgarace
i will not accept the offer and what are tanzanite board doing about it
yes cash is king but that is what tanzanite have a steady strong cash flow which is being
stolen from us
forget about potential it is just that
why dont the board spell out the value in tanzanite the projected cash flow
over the next few years so we can all see how the shares are being stolen from us.

[steve36] 24/10/2008 09:37

The Takeover Code may not apply to this tender offer, but that does not mean that Gemfields or their legal advisors should be proud of themselves for blatantly contravening the spirit of rules intended to ensure shareholders are treated fairly and equally. Tanzanite One need to come back pretty quickly with a counter move or white knight offer, eg the issue of shares to a friendly party that would leave Gemfields with less than 50% would perhaps be enough to encourage them to make a fair offer for all shares.

[topvest] 23/10/2008 15:22

I've decided to take up the tender. It's opportunistic and a low-ball offer, but cash is cash. Don't think things are going to get much better for mining stocks over the next 6m. Anyone else doing the same?

[steve36] 22/10/2008 23:17

3offtheT, to put it another way, why would anyone sell in the market at 36p if they could sell almost immediately at a higher price? Why hasn't the share price risen to 42.75p or close to it, as it did when the initial 'offer' at 45p was mooted. Hosede is right, the whole thing stinks.

[hyper al] 21/10/2008 18:44

3offtheT

It is an unusual way to make an offer, the regulators may step in.

[3offthet] 21/10/2008 18:40

Can someone plse explain to me whats stoppimg people buying in the market at 36p and (almost) immediately accepting GEMs offer at 42.75p? Instant 20% gain
H

[topvest] 21/10/2008 16:01

Yes, looks odd. Tanzanite are not a UK company, so I'm not sure that it is subject to the same rules. All looks like an opportunistic offer to get us on the cheap though.

[hosede] 21/10/2008 14:43

Is this offer legal? to offer to buy 30,000,000 shareson a first come first served basis? I thought you had to make a full offer if you held over 30% - the whole thing stinks

[malkie] 25/9/2008 11:49

Don't hold shares in either as yet. Am looking and waiting.

I like TNZ, they have a good operation and a good business model, but they are have limited upside potential compared with GEM and i wouldn't want to wait this one out as it could take years for them to turn around.

Would probably have a punt on GEM if this works as they show considerably more upside. That's why I would go for a share-for-share deal and retain my exposure rather than sell out at these distressed levels.

GEM has big plans for Faberge branded Gemstones and that is really compelling. Watch this...



TNZ Directors will have a hard job repelling GEM - they may squeeze a few more points out of this if they are prepared to deal. But they really are not in the same league as the Pallinghurst/ Gilbertson team.


But time is on my side here.

[steve36] 25/9/2008 10:41

Malkie, how can you say that 1.4 Gemfields shares would be more palatable (than either 1 TNZ share or 45p cash, I'm not sure which you meant). Are you a TNZ holder? If so, I would be happy to give you 1.4 gemfields shares for each TNZ share.

Generally, in a takeover situation I thought the idea is to make a share alternative more attractive than a cash offer rather than less?

[malkie] 24/9/2008 22:02

Surely 1.4 Gemfields shares would be more palatable to many long term shareholders.

[hosede] 24/9/2008 13:47

Offer rejected - any other response would have been criminal! Needs to be around double at least

[topvest] 15/9/2008 22:04

Good response to this offer by the Board. It is way too low. Good trading update as well.

[topvest] 13/9/2008 16:45

You can see the potential of these two companies getting together, but the price looks much more attractive to Gemfields shareholders than Tanzanite holders. This is a very low priced bid.