Shares for Tanzanite One fees – MoneyWeek

The12pasharepurchasepriceofthesharesisthevolumeweightedaveragepriceofthesharesovertheperiodthatthefeeswereowed。

Thesharesweretradingatover40peachoneyearago。

ExecutivechairmanAmiMpungwereceivedthemostshares,takinghisstaketo3。

14%,withnon-executivedeputychairmanEdNealonnotfarbehind。

Nealonsstakeis2。

96%。

TanzaniteOnehasreturnedtoprofitanditintendstopayitsfeesincashfromnowon。

InthesixmonthstoJune2010,revenuesgrewfrom$4。

91mto$8。

55m。

Apre-taxlossof$1。

33mwasturnedintoaprofitof$739,000。

Therewasasmalloperatingcashoutflowduringtheperiod。

Thecompanyproduced1mcaratsoftanzanitestonesduringthefirsthalf。

Thereisabanonexportingroughtanzaniteofmorethan5caratsfromTanzania。

TanzaniteOneisintalkswiththeTanzaniangovernmentaboutdevelopingdomesticcuttingoperations。

TherewasaglitchinlastFridaysstoryonthesaleofsharesinBrooksMacdonaldbysevenofitsdirectors。

Thevaluesofeachofthesharesaleswastentimesthecorrectlevel。

Thetotalvalueofthesaleswas£2。

2mratherthan£22m。

TopDirectorBuys

TanzaniteOne(TNZ)

Directorname:MrAmiRMpungwe

Amountpurchased:342,357@12。

00p

Value:£41,083

Elektron(EKT)

Directorname:MrGeoffreySpink

Amountpurchased:125,000@32。

00p

Value:£40,000

TanzaniteOne(TNZ)

Directorname:MrEdwardFGNealon

Amountpurchased:331,741@12。

00p

Value:£39,809

CanaccordFinancialInc。

(CF。

)

Directorname:MrMichaelDeaneHarris

Amountpurchased:5,000@641。

06p

Value:£32,053

TanzaniteOne(TNZ)

Directorname:MrNicholasTSibley

Amountpurchased:252,123@12。

00p

Value:£30,255

TanzaniteOne(TNZ)

Directorname:DrBernardOlivier

Amountpurchased:212,314@12。

00p

Value:£25,478

CompassGroup(CPG)

Directorname:MsSusanMurray

Amountpurchased:4,500@544。

00p

Value:£24,480

JohnsonServiceGroup(JSG)

Directorname:MrPaulMoody

Amountpurchased:100,000@20。

12p

Value:£20,120

TanzaniteOne(TNZ)

Directorname:MrRykeZaneSwanepoel

Amountpurchased:97,909@12。

00p

Value:£11,749

TopDirectorSells

JardineMatheson(Singapore)(JAR)

Directorname:MrPeterJamesHollandRiley

Amountsold:50,000@$45。

83

Value:$2,291,430

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