Tanzanite Share Discussion Threads

[share_shark] 26/9/2010 09:50

The rising prices of Tsavorite stones.

In June 2010, Bamford Auctions, Derby held a FINE ART sale over several days. You can see what lots fetched by clicking on results. Take a look at what the tsavorite jewels fetched !. Prices are rising on jewels but falling on brown furniture. The brooches and pendant were mine. I was astonished how they had risen in price.INMHO. DYOR.

PS and off topic. Now is definately time to BUY beautiful Georgian furniture !.
;-)))))).

[share_shark] 26/9/2010 09:25

We perhaps should take a look at this RNS ,once again.

TNZ decided to operate "Tsavorite mining" in 2007. Am I right?.

I note that BO is also a director of Bezant Resources. Hmm . Interesting.

Anyhow forgive me for posting this RNS but I think it is important.


Number : 9096I
Tanzanite One Limited
22 March 2010

?
TANZANITEONE LTD
('TanzaniteOne' or the 'Company') (AIM:TNZ)

APPOINTMENT OF NEW CEO

+-+----------+---------------------------------------------------------------+
| *| Dr Bernard Olivier appointed to the newly created role of CEO |
| | |
+-+--------------------------------------------------------------------------+
| *| Core objectives: |
| | |
+-+--------------------------------------------------------------------------+
| | * | Return to profitability |
| | | |
+-+----------+---------------------------------------------------------------+
| | * | Development of existing and new coloured gemstone sales |
| | | channels |
| | | |
+-+----------+---------------------------------------------------------------+
| | * | Utilising coloured gemstone expertise to derive further value |
| | | |
+-+----------+---------------------------------------------------------------+
| *| Zane Swanepoel becomes Chief Operating Officer -Tanzania |
+-+----------+---------------------------------------------------------------+

TanzaniteOne today announces the appointment of Dr Bernard Olivier, aged 34, as
Chief Executive Officer, having served the Company since 2008 as a Director. In
addition to being an expert on Tanzanite geology, Dr Olivier has worked with a
series of mining companies helping to develop value from their core assets. His
appointment to the CEO role aims to leverage more extensively this commerciality
combined with in-depth knowledge of coloured gemstones that has already provided
significant benefit to TanzaniteOne over the last 15 months.

Dr Olivier was asked to join the TanzaniteOne Board in November 2008, during the
challenging global economic conditions of the period, which particularly
affected the gemstone market as a whole. From his appointment as an Executive
Director in 2009 Dr Olivier has implemented a margin enhancement programme
targeting inefficient cost bases and, with Zane Swanepoel, worked on optimising
the Company's Tanzanite mine operations. Mine optimization included the rapid
implementation of new coloured gemstone sorting and processing technologies. The
additional implementation of cost saving and efficiency programmes has enabled
TanzaniteOne to maintain a robust performance during highly difficult market
conditions.

TanzaniteOne now has one of the most advanced sorting and recovery operations
for coloured gemstones in the world and is looking to develop production at its
Tsavorite project in Tanzania. It is anticipated that the establishment of
multiple sales channels for Tanzanite will directly benefit the development of
other coloured gemstone operations and the Board believes that the Company is
now in a position to take maximum advantage of a recovering gemstone market.

With a consistent revenue stream again established Dr Olivier's priorities are
to move TanzaniteOne back into profit and secure further value from a proven,
highly specialist mining process and an enhanced sales process. This initiative
forms part of the Company's strategy to develop its main production base of
lighter but similarly brilliant stones.

As part of the Company's strategic restructuring Mr Zane Swanepoel, aged 50,
becomes Chief Operating Officer - Tanzania. Mr Swanepoel, based in Tanzania,
will devote himself fully to operational mining and development work in
Tanzania.

These appointments, which will take place with immediate effect, form the basis
of realizing TanzaniteOnes next stage of development. .

Ami Mpungwe, Chairman of the Company, today commented: "Bernard Olivier has been
instrumental in the Company's drive back to profitability following the worst of
the global economic crisis. Bernard Olivier and Zane Swanepoel both joined us in
2008 and have successfully implemented modern, highly efficient recovery
processes at the Tanzanite mine and realized significant efficiencies across the
group. With world gemstone sales recovering significantly, the task for
TanzaniteOne is to achieve real value from our core competencies and assets.
With this in mind our new CEO will focus on group development leaving Zane
Swanepoel able to concentrate fully on Tanzanian operations and further
operational development in that country."

There is no information in relation to Dr Olivier's appointment required
pursuant to Schedule 2 paragraph (g) of the AIM rules for Companies other than
as follows

[share_shark] 26/9/2010 09:11

So this is the man who is "making waves move" in the industry, according to LR at the PR company. Only six months in office and the share price is recovering ?.Time will tell.If there is any shareholder who subcribes to Mining journal, I wonder if they would post any news here, which is outlined in the Journal.

TIA.


Publishing Date 26 Mar 2010 12:17pm GMT Issue/Supplement 26/03/2010Author Mining Journal Bernard Olivier has been appointed as the chief executive of TanzaniteOne plc

[share_shark] 26/9/2010 08:53

Now this article is just over a year old but it may assist newbies in some way.




TanzaniteOne sees profits return
Managing director Zane Swanepoel is pursuing diversification into green 'tsavorite' gemstones

11/08/2009 Robert Tyerman
Reduce text size Decrease text size Increase text size Increase text size Print article Print Share this article Share Email article to a friend Email TanzaniteOne sold $2 million of the rare blue tanzanite gemstones earlier this yearGemstone producer TanzaniteOne says it will be profitable by the end of this year if present progress continues.

The AIM-quoted company, which mines and markets rare blue tanzanite gemstones from Tanzania, says it sold 52,475 carats for $2 million (£1.2 million) at its second 'sight' or offering of stones this year, held in Dubai last month. The average price was $38 a carat, an increase of 8.7 per cent over the previous sight in April, and managing director Zane Swanepoel declares TanzaniteOne, which lost £5.21 million last year after £3.3 million of write-downs, will 'return to profitability by the end of 2009', if the increased demand and prices of the second quarter can be maintained for the rest of the year.

The company, which spent months warding off a partial bid approach from emerald counter Gemfields, raised £3.5 million in March at 15p. Swanepoel has allocated £620,000 of that to pursue diversification into green 'tsavorite' gemstones in East Africa.

Floated at 42p five years ago, TanzaniteOne shares now languish at the equivalent of 21p. They have speculative appeal.

[share_shark] 26/9/2010 07:53

Fingersxxd views and charts.

[share_shark] 25/9/2010 23:28

Does Tiffany still market Tanzanite?.

They have agreed to a 25% price hike to Yellow Diamonds .

[share_shark] 25/9/2010 23:06

Lot of PR prior to results?.Well done to The Tanzanite Foundation the marketing and public relations arm of TanzaniteOne, the largest miner.

[share_shark] 25/9/2010 23:02

JTV Supports Schools in Tanzanite Mining Area



By Jeff Miller Posted: 08/30/10 07:31
Submit Comment



RAPAPORT... Jewelry Television (JTV) donated school supplies and textbooks to the Naisinyai Primary and Secondary School in Tanzania, which are based in the country's tanzanite mining area and supported by TanzaniteOne and its Tanzanite Foundation. JTV cofounder Jerry Sisk explained that TanzaniteOne enabled the company to discover how tanzanite is mined and brought to the market.

"We are well aware that sales of this precious gemstone help to support the local communities and we will do what we can to assist," Sisk said. "I know that this donation of school supplies and text books will be well received and appreciated by the children and teachers alike."

Hayley Henning, who heads up the Tanzanite Foundation in the U.S., noted that TanzaniteOne is deeply committed to supporting the communities that surround the tanzanite mining area. Through the work of its foundation, TanzaniteOne and its members have contributed significantly to the community and to date, have built two schools, a medical clinic and a community center.

Fresh water supply is also pumped daily from neighboring TanzaniteOne and is responsible for providing water to up to 5,000 cattle a day.

"TanzaniteOne is delighted to collaborate with tanzanite retailers and their customers to encourage their support of the Tanzanite Foundation initiatives, and will continue to do so," the company's announcement stated.

[n0rbie] 25/9/2010 10:42

Excellent post from iii:

"Great long term buy"

I first got into TNZ at 17p and have averaged down to 13p.

The shares are currently very cheap being depressed by a number of factors;

1. Tanzanian gem export ban.
2. Loss making.
3. Concerns over remaining high gems in the ground.

To the contrary I see the export ban as positive for the company longer term. If this is managed properly TNZ may well become a winner in the Tanzanian Gem cutting industry as well and that will improve margins and profitability. What is needed is a pragmatic approach and partnership with the government. if quality gem cutting could be done in India then it can also be done in Africa, what it needs is commitment, training and investment.

As regards the losses we are well over the worst. Gem prices are picking up. It will not happen over night but demand for gems will return and the wild card is to increase business in China / India in order to deiversify from the US economy.

I do not see the lower qiuality gems now being put on the market as a deterioration of resource. This looks like a smart move to build the market for lower grade gems at a time when people are very price sensitive. When the higher quality, higher priced gems are again offered to the marjet when prices improve sufficiently, this should have an immediate impact on the bottom line.

In addition we have Tsavorite. This is an unknown at the moment but the risk/reward is clearly on the upside. Current share price is factoring in zero for Tsavorite so if there is a resource there, even a small one, it will add significantly to the shares.

Note unrealistic to see a 1 year forward profit target of £3 million which to me on a multiple of 10 would support a £30 million market cap, being 3 times current value (with more upside going further forward). Any positive news on Tsavorite will add to this.

For me the minimum exit price is 40p. I do forget I own shares in TNZ many times, but I think this is what investing in this company needs.

BR
Max

[topvest] 24/9/2010 20:39

This looks like it has turned. We could see this flying anytime soon now this is on the up. Chart please?

[n0rbie] 24/9/2010 15:32

And there's our first 10p trade! Well over a million bought today!

[share_shark] 24/9/2010 14:59

Thanks for that nOrbie.

I like the staircase chart !.

Qutes from the website.

Quotes [top]


"They reveal the beauty of Africa and are perfectly matched with white gold or platinum. What's more, they are 1000 times rarer than diamonds and are found in only one place on earth - Tanzania." (The Star Newspaper)


"Tanzanite is the most important gemstone discovery in over 2000 years." (Henry Platt, ex President & Chairman, Tiffany & Co.)


"Tanzanite, the platinum of precious stones, is not only an exquisite possession, but also a wise investment option." (Rarer than Diamonds, SA Millionaire)


"I haven't worked with a gemstone yet that is as alive, as brilliant or as passionate as tanzanite." (Gavin Rajah, Couture Fashion Designer, Good Taste Magazine)


"As a Tanzanian, it is always gratifying to see every move that we make as a team. It takes us much closer to our shared vision that seeks to profoundly transform and modernise the tanzanite industry and unlock its full value to the benefit of Tanzania and all its stakeholders" (Ami Mpungwe, Non Executive Deputy Chairman, TanzaniteOne LTD)


"Described as a geological phenomenon, tanzanite's unique, limited, single source renders it at least a thousand times rarer than diamonds". (Mike Nunn, former Chief Executive, TanzaniteOne LTD)


"Our trading operation provides a reliable sales channel through which local miners and dealers can sell their rough tanzanite at fair market value". (Abdul Hakim Mulla, Executive Director, TanzaniteOne Trading)


"Our state-of-the-art beneficiation facility in Tanzania provides expert cutting, polishing, grading and certifying services". (Mervyn Dettmer, Sort House Manager, TanzaniteOne

[n0rbie] 24/9/2010 14:57

Looks like a 500k buy picked up at 9p earlier.

[share_shark] 24/9/2010 14:47

For newbies from Investors Chronicle(old article).



Recovery starting at Tanzanite One
Created: 19 May 2010 Written by: Nigel Bolitho
Tanzanite One has promised much but delivered little in recent years. But new management seems at last to have a grip on a business that owns the only major tanzanite (blue gem) mine in the world in Tanzania and probably the biggest tsavorite (green gem) mine next door.

In 2009, revenues more than halved, thanks to a sharp fall in tanzanite prices, but the loss reduced due to good housekeeping, helped by the closure of an expensive South African marketing and sales operation and relocation of offices to the tanzanite mine. The 2008 results included defence costs of $1.7m (£1.18m) against a hostile bid from Gemfields Resources, while last year's figures took in a missing inventory loss of $963,000. An awful lot of tanzanite disappeared between the time the stocks were audited and the closure of the South African office. Fortunately the stock was insured.

New chief executive Dr Bernard Olivier (a geologist) reckons that 2009 "was (the) beginning of our recovery". The 2010 tanzanite production target is 2.2m carats, up from 1.9m carats last year. Current results will also benefit from better prices - average prices rose by 17 per cent between November 2009 and March 2010 - and more frequent sales or sights - principally in Dubai.

[share_shark] 24/9/2010 14:26

LOL.


Well oh happy days with Tanzanite then. I wish then both well. Oh to be 23 again eh?.

[bongo bwana] 24/9/2010 14:23

T'was T'Arthur the Tartar who did this to me SS.

[share_shark] 24/9/2010 14:21

GOOD GRIEF BB, was that the stable price of TNZ or .........Guinness, caused that for you?.;-)

[bongo bwana] 24/9/2010 14:15

Hallecunegic here SS

[share_shark] 24/9/2010 13:58

What on earth gave you that idea BB?. ;-)

[bongo bwana] 24/9/2010 13:56

I wonder would the Momentum Inv mention TNZ this month

[share_shark] 24/9/2010 13:52

well done guys and gals for holding.

Tanzonite price holding steedy!.

[n0rbie] 24/9/2010 11:41

And as if by magic that 9p went when I posted!