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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Tanzanite One - Shares in tanzanite miner look set for big gains

December 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • TNZ
  • Price:
  • 125.5p
Shares in Tanzanite One, which owns the rights to mine and market the largest portion of the world’s only known source of tanzanite, have performed fantastically well since they joined AIM in August last year. The excitement surrounding this company is largely based around the emergence of tanzanite, a rare blue-violet gemstone found in Northern Tanzania, as a mainstream jewellery item, competing with the likes of rubies, sapphires and emeralds. Tanzanite One has already quietly delivered impressive returns to shareholders, with a pretax profit of US$4.1m generated in 2004, while it has already made US$9m profit in just the first six months of this year. House broker Williams De Broe is still mulling its forecasts for the full year ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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