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TanzaniteOne

May 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:
  • 193p
For the year ended 31 December TanzaniteOne saw pretax profit rise 180% to US$12.9m, on turnover up 156% to US$41.1m. Earnings rose just 62% to 13.9 cents but that reflected a higher tax charge with tax losses having been utilised. Year end cash was US$8.3m. These results were slightly less than forecast, with the shortfall directly related to a reduction in the quality of tanzanite mined in the second half, with H2 only generating US$3.9m compared with US$9m in H1. However, taking the year as a whole there were some positives, notably an increase in average rough tanzanite prices achieved from US$9 to US$11 per carat, while overall grade increased by 12% to 55 carats a tonne. On the exploration side, 2005 was a huge succ ...

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Related Articles

TanzaniteOne - New chief executive in good form (June 2006)
TanzaniteOne - Shares soar after resources upgrade (March 2006)
Tanzanite One - Shares in tanzanite miner look set for big gains (December 2005)

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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