Just seen this article from last weeks IC, which seems to show this as good short to medium term prospects. It reads well & has progressed steadily since launch last August.

To be fair the IC article has added an uplift in teh last week, but does anyone have further information?

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75p - Aim - Tanzanite One doesn't quite have a monopoly on global tanzanite production, but it's not far off it. The company owns the biggest licence, and is the single biggest producer of the blue-violet gemstone on the only known deposit of tanzanite in the world: beneath the shadow of mount Kilimanjiro, in Tanzania. Its only competitors are local artisanal miners, often with blocks as small as 50 sq metres and, as the stones near to the surface get mined out and digging gets deeper, these small-scale operators are finding it harder to mine effectively. Throw in some sizeable exploration acreage, and Tanzanite One is in a commanding position.

And it needs to be, because the geology on the ground is not easy. Rough tanzanite stones are found in folds in the ore zone, inside small, sausage-shaped formations, termed 'boudins'. Because the boudins are so small, exploratory drilling isn't that effective, but Tanzanite One gets round this by sinking wide exploratory shafts that can later be used for production. The company estimates that it has enough proven resource to last four years, but directors are confident that production can be sustained for 20 years. If so, Tanzanite One should be able to take advantage of a growing - and increasingly sophisticated - market.

The US retail market for tanzanite and tanzanite jewellery is worth around $500m, but that data was collected in 2003 - and signs are that it has increased significantly since then. According to website coloredstone.com, tanzanite is consistently rated among the top four most popular gemstones in the US. As yet, the stone is little known in Europe, but that should change as the company invests in marketing.

With a track record of profits, and talk of a notional dividend this year and a substantial one next year - possibly as much as 8 per cent - it's easy to see why UK funds have flooded in. JP Morgan holds a significant stake and other institutions are known to be taking an interest. Expect to see some carefully managed institutional buying soon. Private investors should follow suit. Short to medium-term buy.

Good to meet again gallick - great minds etc.

I've not seen such a clearly articulated chart as this one on what I refer to as "virgin" stocks where they are yet to start producing. It should help identify good timing to buy over the next few weeks, as long as you're a fundamental believer.

For me it would be an opportunistic investment, since I am uncertain long-term what the value of the gems will be, whether the company will earn much revenue from the after marke, how long the site will prove economical and whether there is any similar freak geology adjacent in their new prospects.

Spread betting would work a treat on this stock, but I have note yet got into that (I already spend far too much time on my portfolio!) and temperamentally would l not enjoy the constant watch one needs to keep to really time the trades right.

Let's keep watching for the entry point.

SD

>>SD

Bear in mind that this stock is probably far too small for the spreadbetters to make a market in (ie not enough trade). Howevever to remain in the game, sussing out spreadbetting is essential to your long term survival and that is just what I'm planning on. Consider this - we are in a bull market (I think), so we are making money. What happens when the market turns??

Spreadbetting offers - Up and down bets, no stamp duty and no CGT. I have read about traders (or part time sharebuyers) who only deal through s-betting for those reasons.

rgrds
gk

I know you're right gallick - I could really fancy a few hours work a day at the screen whilst I played my music and spent more time on my family.

With capital of 50k making a 1% turn each working day - say 200 days a year - that's 100,000 tax free. Surely enough to get by on. Then there's what I do at the moment to build up a capital sum to pay of the mortgage early and retire.

SD