Tanzanite Share Discussion Threads

[thecornishman2] 01/10/2009 22:08

Hi Ed,

Apologies for intruding, but I just wanted to say that I think this stock is the epitome of the phrase 'Not for widows or orphans.'

I know that probably touches a little close to home in this situation, but I think it is true nevertheless.

Good luck investing your friend's money. I would be more inclined to look towards tracker funds than micro-cap miners personally.

Best of luck to you.

Regards,

TC

[edward hopper] 01/10/2009 19:09

HI DUNCAN I AM NEW TO THIS STOCK MATT POST PUT ME ONTO IT

WHERE DO YOU THINK IT WILL BE IN A FEW MONTHS TIME?

A FRIEND OF MINE HAS RECENTLY LOST HER HUSBAND IN A TRAGIC ACCIDENT AND HAS SOME INHERITANCE SHE HAS ASKED ME TO INVEST FOR HER.

[duncan hammatyme] 29/9/2009 09:52

Tipped in Investors Chronicle

[stateside] 29/9/2009 09:30

Thanks for that. Yup, able to pick up £3K @ 17.5p
OK. You can move the price up now :-))

[brando69] 28/9/2009 23:30

lots of liquidity at the moment... but it is not necessarily always going to be that way... that's the aim game for you. don't think you're going to have any trouble with 2k, getting in or getting out.

[thinking] 28/9/2009 20:52

You should be able to achieve the volume you wish to buy,I recently purchased 10k without isue, but if the volume of buys is high like today it could be more difficult. Good Luck

[stateside] 28/9/2009 17:52

Could anyone tell me the online buying limits please?
Is this share easily tradeable?
I'm looking to get in for a couple of grands worth to start.
Cheers my dears

[duncan hammatyme] 28/9/2009 11:06

Directors' Dealings; and

Additional Listing

TanzaniteOne Limited ("TanzaniteOne" or the "Company") (AIM:TNZ) today announces that it has established the "TanzaniteOne Employee Share Plan" to allow key employees of the Company to benefit from the long term performance of the Company through equity participation.

The Company has established a trust solely for the purpose of acquiring and holding shares in the Company for the benefit of Participants. The Company will issue 7,275,000 common shares ("New Shares") at 16.0327 pence per share (being the 10 day VWAP for the period of 9 September to 22 September 2009) to be held in trust for 20 participating employees and two executive directors; namely Zane Swanepoel (Managing Director) and Bernard Olivier (Executive Director - Head of Development). The shares to be allotted under the TanzaniteOne Employee Share Plan represent 6.92% of the current issued capital. The New Shares are subject to a vesting period with one third of the shares vesting annually, commencing 31 December 2009. Accordingly, Zane Swanepoel and Bernard Olivier are expected to receive 300,000 shares each on each of 31 December 2009, 2010 and 2011, totalling 1,800,000 shares held in trust for executive directors.

Participating employees will be invited to apply for an interest free loan up to the amount payable in respect of the shares acquired by the eligible employee in accordance with the terms of the share plan. Shares issued under the plan will rank equally in all respects (other than with respect to any restrictions on transfer for the term of the loan).

Key terms of the loan:

AN ELIGIBLE EMPLOYEE MUST REPAY THE LOAN IN FULL PRIOR TO EXPIRY OF THE LOAN TERM BUT MAY ELECT TO REPAY THE LOAN AMOUNT IN RESPECT OF ANY OR ALL OF THE SHARES (IN MULTIPLES REPRESENTING NOT LESS THAN 1,000 SHARES) AT ANY TIME PRIOR TO EXPIRY OF THE LOAN TERM.
CASH DIVIDENDS WHICH ARE PAID IN RESPECT OF LOAN SHARES WILL BE APPLIED BY THE COMPANY ON BEHALF OF THE ELIGIBLE EMPLOYEE TO REPAYMENT OF THE AMOUNT OUTSTANDING UNDER THE LOAN AND ANY SURPLUS OF THE CASH DIVIDEND WILL BE PAID TO THE ELIGIBLE EMPLOYEE.
ANY FEES, CHARGES AND STAMP DUTY PAYABLE IN RESPECT OF A LOAN WILL BE PAYABLE BY THE ELIGIBLE EMPLOYEE.
THE COMPANY SHALL HAVE A LIEN OVER THE LOAN SHARES IN RESPECT OF WHICH THE LOAN AMOUNT IS OUTSTANDING AND THE COMPANY SHALL BE ENTITLED TO SELL THOSE LOAN SHARES IN ACCORDANCE WITH THE TERMS OF THE SHARE PLAN.
THE AMOUNT REPAYABLE IN RESPECT OF A LOAN SHARE IS THE LESSER OF THE ISSUE PRICE OF THE SHARE (LESS ANY CASH DIVIDEND APPLIED IN REPAYMENT OF THE LOAN SHARE) AND THE MARKET PRICE OF THE COMPANY'S SHARES ON THE DATE ON WHICH THE LOAN IS REPAID.
AN ELIGIBLE EMPLOYEE MAY NOT TRANSFER OR OTHERWISE DEAL WITH A LOAN SHARE UNTIL THE LOAN AMOUNT IN RESPECT OF THAT SHARE HAS BEEN REPAID.
In addition, the Board of Directors have also requested that their aggregate directors' fees of $298,883 (which has accrued since October 2008) are taken in shares, at the above VWAP calculation, to preserve the cash resources of the company.

Following the issue of shares in the Directors and Employee Share Plan and settlement of outstanding directors fees in shares, the shareholdings of each director of TanzaniteOne comprises:


Current shareholding Shares issued in Total shareholding Percentage of the
settlement of enlarged issued
accrued fees share capital
immediately
following Admission
Ami Mpungwe 2,972,045 312,328 3,284,373 3.09%
Ed Nealon 2,779,855 315,890 3,095,745 2.91%
Bernard Olivier 301,087 151,961 453,048 0.43%
Nick Sibley 4,402,243 190,664 4,592,907 4.32%
Zane Swanepoel 66,050 164,625 230,675 0.22%
Total 10,521,280 1,135,468 11,656,748 10.96%
Application has been made for 1,135,468 common shares of US$0.0003 each in the Company to be admitted to trading on the London Stock Exchange's AIM market for listed securities. Admission is expected to become effective on 2 October 2009. The New Shares will rank pari passu with the Company's existing common shares.

Following admission of the New Shares, the total issued share capital of the Company will be 106,332,628 common shares, all of which have voting rights.

Chairman of TanzaniteOne, Ami Mpungwe, said, "We have a very talented team now established at TanzaniteOne and this share plan ensures that they are rewarded for success by being able to hold an equity stake in the Company. As the world's most efficient and technically advanced coloured gemstone miner I hope our employees benefit from the continued recovery in the Tanzanite price, our new JV and from plans to develop the Tsavorite project just 20km away from existing operations."

[jimmycarter] 28/9/2009 09:18

yep chart looks promising

[cestnous] 28/9/2009 09:02

All buuys. Tickup due.

[brando69] 25/9/2009 18:22

well, i added another 5K at 16.96 today, for my sins. average is now 20p. expect to be back at break even shortly. there's been some good volume off a good set of figures.

[cestnous] 25/9/2009 13:11

Good write up in mMinesite recently and as it happens, IC said it was a bargain @ (I think, 17.5). Which is good cos I recently bought a few.

[ceckyspunt] 23/9/2009 00:17

heres the big picture...

[ch1ck] 22/9/2009 18:53

Top

We crossed the 40 day MA some months ago and went through the 200 MA today this has broken out of its present low but once above 25p it is venturing into old lines of resistance and we will see a pattern of rise and cutbacks.

[topvest] 22/9/2009 11:07

More good news. Any charters looking at this? Where is the break-out? Must be close!

[ch1ck] 21/9/2009 16:58

Top

Spot on, the news should underpin the share price

[notanewmember2] 21/9/2009 12:52

Excellent stuff

[topvest] 21/9/2009 07:51

Long way to go before we get back to where TNZ were, but it looks like the path is now "up" rather than going down a steep hill!

[topvest] 21/9/2009 07:50

Results out - must give management some credit (maybe lots of credit) for the fantastic way they have cut costs and survived through a period when their revenues almost disappeared.

Looks like they are over the worst to me:

Post period-end indicators:
$2.01 million sales from the second sight of 2009 (July)
* 18.7% increase in average comparative per carat price since previous sight (22 April 2009)
* Average price of $ 38 per carat achieved

Starting to look more promising.

[topvest] 12/9/2009 14:24

Yes, lets hope so.

[ch1ck] 12/9/2009 09:47

When this one blows it will be stella I can see a renewed bid attempt as buyers won't see these levels again

[lyonst5] 09/9/2009 18:07

Shhh... up 8% and very quiet here.