Tanzanite Share Discussion Threads

[n0rbie] 02/9/2010 12:04

Interesting tick up today. Only one MM at 8p on the ask!

[giant steps] 02/9/2010 08:50

Prices bid 7.25p offer 7.5p, 6 v 2 (was 5 v 2)
- looks ready to be squeezed higher imo

[davethechef] 01/9/2010 08:03

Bought a wee few more, hopefully recovery due after yesterday's news & revenues increasing with the new management. Maybe this news will get picked up by the shares mag/ ic & gain more exposure.

[topvest] 31/8/2010 22:14

Great news today. Looks like the Government are keen to help Tanzanite. That is absolutely critical. Recovery looks "on" now that they have time to adapt. All we need is a chart break-out. It's been a long long time coming...fingers crossed! The upside is that once any seller is cleared I can't imagine there are many sellers around at much below 15-20p min., so with the continuing small buys it could jump very quickly. Hope so anyway!!

[thinking] 31/8/2010 16:31

Alot of the drop occured when the Govt put the ban in place which the update today gave us some insight into the solution, this should in theory have recovered to around 8-9p today, but the volume on the market is still down due to holidays and there is little appetite to buy stocks at present, time will tell but i think we will see a quickish recovery to 9-12p

[kajshares] 31/8/2010 14:33

weegeorgie, a rise to 8p would be a shock! Tell me, what caused this to retrace 50% from 13.5. F knows. I do not see a gradual rise on this one. They would short it as far as they can go and when we are all out; swooooshhhh

[weegeordie] 31/8/2010 14:02

taken a punt on these today after the RNS - the news could take a few days to trickle through - only trading statements may help boost to 12p but do think a rise to 9p this week is not too ambitious.

[giant steps] 31/8/2010 13:44

Rising production, rising gem prices, rising income stream

What more can we ask for ? rising share price !!

[bisiboy] 31/8/2010 13:32

there is clearly a big seller around i wonder what the stock overhang is.

not sure that they wont need a rights issue to fund the cutting.

[giant steps] 31/8/2010 10:29

"Is this another De Beers in the making?"

Don't tell everyone ;-) !

[hyper al] 31/8/2010 10:05

Shame this won't go in an ISA.

Could be some real potential in this one. One of my concerns is it took a press report before an RNS came out about the export controls and at that time it as stated that the government would allow companies to export until they had suitable sales channels in place within Tanzania.

Now we have a deadline, could TanzaniteOne Cutting Edge become a monoply cutter for all Tanzanite production? What are the smaller producers doing about cutting? If they have no cutters in place, they may have to use TanzaniteOne Cutting Edge, could TanzaniteOne then become the sole global distributor of Tanzanite? Is this another De Beers in the making?

Only trouble I have, is I don't want to transfer my funds from my ISA!

[thinking] 31/8/2010 09:35

This is a dissapointing recovery, but typical in todays market

[giant steps] 31/8/2010 08:54

n0rbie, that's a nice reminder - positioned for substantial recovery imo

Prices bid 7.25p offer 7.5p, 5 v 2

[n0rbie] 31/8/2010 08:37

Worth remembering that this is a company that had an income of US$ 8.4 million in H1 2010 and is valued at only £7.5m...

[kajshares] 31/8/2010 08:20

Now I know we are in a downmarket but the rise is unbelievable. cmon. I hardly say this, but definite buying opp or this co is toast. Please dyor.

[n0rbie] 31/8/2010 07:47

Fantastic!

[thinking] 31/8/2010 07:24

Good Result:

TIDMTNZ

RNS Number : 7994R
Tanzanite One Limited
31 August 2010

?
31 August 2010
TanzaniteOne Limited
("TanzaniteOne" or "the Company") (AIM: TNZ)
Export and Cutting Expansion Agreement, Tanzania
Further to the announcement made on 9 June 2010, TanzaniteOne is pleased to
announce that it has been granted a staged exemption from the prohibition on the
export of rough tanzanite larger than 5 carats (1 gram) by the Government of
Tanzania.

The staged exemption has been granted in recognition of the Company's position
as the biggest producer and exporter of tanzanite operating in Tanzania and it
provides a moratorium which allows for a 100% export of the Company's tanzanite
production, including stones in excess of 5 carats, until 31 December 2010. This
period has been agreed to ensure TanzaniteOne can research and initiate
development of economically sustainable domestic cutting operations and assess
the potential for cutting and polishing agreements in Tanzania.

The Tanzanian Government has further indicated that the Company will be allowed
a rollout period to enable the expansion of its local cutting and polishing
facilities in Tanzania. The planned expansion will be staggered to guarantee a
consistent supply of gemstones into the market and ensure that no backlog of
high value, uncut stones develop.

The Company is in continual dialogue with the Tanzanian Government regarding the
details of the rollout period. The Company's strategy is to expand in-house
cutting and training utilizing existing relationships with overseas experts, in
addition to entering into agreements with external beneficiation companies
locally.

The Company already beneficiates and sells cut stones direct to customers or
through its JV company, TanzaniteOne Cutting Edge and is currently working to
expand these activities in order to sell larger cut stones in addition to
existing sales. TanzaniteOne Cutting Edge focuses on precision cutting and
visual optimisation of predominantly lighter coloured tanzanite using uniquely
developed cuts. Consequent sales and marketing channels are already established,
for such material, with established cutting and distribution houses including
Hohoemi Brains Inc, GRAFGEM S.A., and Alankara SKR Ltd (ASKR Jewelry). .

Commenting today Bernard Olivier, CEO, of TanzaniteOne said: "I am delighted
that following discussions with the Tanzanian Government the Company has been
granted an exemption from the export ban on rough, large gemstones, and support
to establish a domestic cutting operation that will bring real benefits to
TanzaniteOne. A schedule is currently being put in place that allows us to
expand cutting operations while ensuring quality of final product and global
competitiveness. Earlier this year, the Board established an important new
revenue line from previously undervalued, light, stones with TanzaniteOne
Cutting Edge. Through the agreement with the Tanzanian Government, these new
marketing and sales channels and utilizing existing relationships, our objective
remains to build a customer base for high value cut gemstones. I look forward to
updating the market on the details of our cutting expansion towards the end of
the year."

END
For more information, please visit www.tanzaniteone.com or contact:
Willi Boehm, Company Secretary
[phone]

[n0rbie] 25/8/2010 15:08

Interesting 250k trade reported a long time after the price dropped on miniscule volume this morning.

[thinking] 18/8/2010 08:50

Looking at how the share price declined due to the new rules, once an agreement is reached I would expect this share to motor back to around the 12p mark, could go higher if the outcome is more favourable, as the comapany has stated they have a good working relationship with the authorities.

[n0rbie] 18/8/2010 08:33

Yes the recent trades are very interesting and with 5% traded I would expect that shareholders list will need to be updated shortly and we should await anouncements of (probably) shares changing hands from a seller to a buyer.

[thinking] 18/8/2010 08:27

Norbie: Not from me thanks you seem to have covered them, having said that the trades that have gone through over the last few days are interesting.
I accept that the sells will be triggered automatically when the price drops likewise when a few buys go through the price quickly recovers, but some of the trades have been quite large. I would have thought that anyone watching this share would stop their shares being sold as the price generally recovers by the close or the next day as it has done on a number of occasions. If they took off their sautomatic stops the fluctuations would stop and the price may go and remain higher!

[n0rbie] 17/8/2010 19:04

5% of the company traded in the last 3 days...

[n0rbie] 17/8/2010 18:39

Large sells going through way below the bid. MMs appear to be happy to take these at a low price and pass on to an equally large buyer by the looks of it.

[davethechef] 17/8/2010 16:43

Funny goings on with the share price & trades, possible some of the sells are delayed buys?
Still right direction for once.
Those selling this morn would've been selling at a loss whatever, considering that's the very lowest we've been.