Tanzanite One is the sole miner of Tanzanite - the newest (blue/violet) gemstone discovery. The only known source is in Tanzania and Tiffany & Co have described this "gem" as the most significant find in 200 years. TNZ is already profitable and this could be set to have an excellent 2006.

Pars, fair comments. I've been re-checking data on Bloomberg and they are quoting net income to $9.8m, or 13 cents a share, in year ended 31/12, from $4.4m or 8.3 cents a share in 2004.

I think the point you raise about the departure of Mike Nunn is indeed a factor. He has a lot of followers from his days at Acquarius Platinum (where he oversaw a 400/500% increase roughly).

That said, I do think the recent sell-off is overdone and a lot of it did look like smaller private investors. I'm hoping the $5m marketing spend will be worthwhile in order to promote more awareness, however I can't help thinking that they need to get a Nasdaq listing off the ground as I'd have thought this would have a significant positive impact.

In for at least a couple of years (is my current view).

Greyhound - Couple of slightly bigger sell offs today (80th and 25th) but still seems to be primarily smaller private investors. As stated above the $4.4m net profit in 2004 was for 7 months compared to 12 for 2005. Net profits in report $9.772m for 2005 (12 mths) and $4.411m for 2004 (7 mths). I'm like you and in for the longer haul unless there are fundamental changes to the business. If the predicted increases in EPS take place then hopefully we will se a significant rise in the share price over the next few years. Do you know any more about the possible Nasdaq listing? Are they looking to raise additional funds to pay for expansion of the mine's productivity?

Don't know anything more about possible Nasdaq listing though I'm tempted to make myself known to the Investor Relations team and do a little more delving. Not sure whether additional fund raising would be necessary at this stage and similarly I'm not sure of the implied cost of mining at twice the depth. More research required!

On the glossy side of things, I do know Tom Cruise and Katie Holmes are expecting their child this week, but don't know if it's all rumours that he'll be giving a Tanzanite ring. So much for the element of surprise!!

If Tom Cruise doesn't come up with a Tanzanite ring for Katie, TZO will drop further...down 6p to 201p now.

Belw average volumes today with about as many sales as buys so far; so could the continued decline today be market maker driven? The next 6 monthly results willl be a very important indicator and give a better idea of longer term value. We can always expect "Mr Market" to over-react in the short term to bad news.

Will be interesting to see either the current or next edition of Investors Chronicle as I believe they've been a strong advocate of TNZ since the early days.

Where is Tom Cruise? TNZ is down to 186p now!

172p now...what is causing the drop?

Been generally thin trade over last few days with losts of small trades. So could just be Mr Market and small investors in particular over-reacting in the short term to the combined worse than expected second half of the year results (forgetting very good first half of the year results and good future prospects for growth) and to the change in CEO and getting caught up in following the momentum down. Mike Nunn (departing CEO) is clearly an excellent businessman, and so his stepping down is unfortunate - but I see he will continue to act as a consultant to T1 and he still has a sizeable shareholding in the company which is good. Taking a Buffet style view, short term movements whether up or down are often irrational and unpredictable often based more on sentiment and emotion than on rationality. Ignoring the short term (never easy to watch the share price plummet though!) , in the long term the share price should reflect profitability and success of the company. Therefore if taking a longer term view, as long as fundamentals and future long term prospects remain sound, the price should recover in time. I believe that the quality and amount of gems recovered can reasonably be expected to vary over time (and this appears to have contibuted to poorer second half of the year profits with one less sightholder sale than planned),and this variability will be less of a longer term problem if mining capacity is increased (as is planned) and T1 continues to buy up additional stones from other miners. Could well be that the wee guys who panic and sell now will be the losers in the longer term, and if so then the current price may provide a buying opportunity. On the other hand, if anyone knows of any good reasons that the fundamental longer term prospects for the company should be revised downwards, that would be reason for concern. Will be very interested to see what sort of profits are generated for next 6 months.

As for Tom Cruise - that rumour should not have got out. If he was to be seen to give TNZ now, it might be perceived as tacky comercialism and viewed very cynically by the press. Would be better for this to happen with a celebrity with no prior publicity whatsoever.

Question is are all the sellers in recent days just lemmings all following each other over the cliff, or do they know somehing we don't?

Tanzanite One swings to H1 pretax loss on lower gem quality tanzanite recovered
AFX


LONDON (AFX) - Tanzanite One Ltd swung to a pretax loss for the six months to end June as lower gem quality tanzanite was recovered and mining operations were restricted by un-anticipated national power cuts.

It moved to a pretax loss of 684,593 usd from a profit of 9.0 mln usd in the year-earlier period. Sales fell 27 pct to 16.3 mln usd. It took a 2.8 mln usd provision following the decision to withdraw from the wholesale jewellery business.

It plans to pay an interim dividend of 2 cents, up from 1 cent in 2005.

Chief executive Ian Harebottle said that despite tanzanite gem quality remaining at historical lows, lower cut and polished sales, and the 2.8 mln usd write down, he was encouraged by the results achieved in the group's core mining business.

Cash and cash equivalents at end June were 6.6 mln usd, compared with 5.1 mln in 2005.

The company is increasing its presence in Tanzania.

Will Tom Cruise buy Kat a tanzanite wedding ring?

wedding rings are plain gold .... that said, tanzanite is truly beautiful stone, so watch out for it as it is pretty rare and I think there is just the one source (unlike diamonds) ....but don't rush to buy shares .. lol!

remember Shares ramping this one , bit of a shock when i saw the sp.

Also, IC several times giving BUY around the 200p level but no follow up about the the fall in gem quality. I got out of this well before the current levels but still took quite a sting!

Very bad sting.

Don't know anything about this company, but the drop might be overdone, will have to do some research.

Very bad news for those in this company...75 people feared dead in mining collapse....flooding...check BBC teletext....poor people, condolences to the families of the bereaved !.....this stock will be suspended without a doubt....sp will go to the floor when suspension lifted....just when the shares were starting to recover !

There is a possiblity that the mines in question might not be owned by Tanzanite....and might be illegal local ones...we shall see !

If the company has not had any flooding the shares could rise...as there would be a terrible shortage of gemstones....otherwise the sp will crash...whatever the case, time to get down to your local jewellers and snap some blue sparklers up !, luckily I'm not in but could have been !