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TanzaniteOne - New chief executive in good form

June 2006

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:
  • 137p
Over the month we met with TanzaniteOne’s new chief executive, Ian Harebottle. Our first impressions were good, with Harebottle coming across as a safe pair of hands. Although there’s little news to report since the results last month, Harebottle noted that the forthcoming Competent Person’s Report into TanzaniteOne’s recent upgrade to its reserves is due in June or July and could also include exploration results from other parts of its licence area. Later in the year, the company plans to widen its drilling program if current geomagnetic and geostatistical surveys prove positive. The recent volatility in the shares is largely due to the perception that former chief executive Mi ...

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Related Articles

TanzaniteOne (May 2006)
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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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