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Richland Resources

07:57 on 21/11/2017

Current Price 0.61p | Bid 0.50p | Ask 0.65p | Change 0.00%

Company Overview

Richland Resources Ltd (formerly TanzaniteOne Limited) is listed on the AIM market in London, and specialises in the mining of coloured gemstones. Richland was incorporated in 2004 , and in August of the same year listed on the AIM as RLD , following the acquisition of tanzanite assets in Tanzania. Building upon our leading position in the tanzanite market, Richland Resources is focused on delivering a wide range of premium coloured gemstones through efficient channels to market. Currently, Richland is the world's largest and most scientifically advanced tanzanite miner. Richland has additional interests in African tsavorite deposits, plus an option over a sapphire prospect in Australia. Tsavorite is a brilliant green gemstone, with a similar geology to Tanzanite, yet enjoying a current price per carat of approximately three times that of tanzanite. Eternally desirable and popular, Australian sapphires have long been known for their intense and varied hues. Through its subsidiary, TanzaniteOne Mining Limited, the Richland group also conducts outside buying, operates beneficiation facilities, manages tanzanite grading and certification and markets both rough and polished tanzanite. Additionally, Richland is conduction exploration for other coloured gemstones, in worldwide locations. Richland is proud of its world class mining methods, provides an ethical route to market and adheres to the Tucson Tanzanite Protocol. Richland Group will continue to explore and capitalise on the numerous available opportunities for growth in the world coloured gemstone market.

Stock Details

ISIN BMG7567C1064
Shares in Issue 217,209,895
Market cap £ 3.26m
Sector Mining
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2013

Turnover $11.59 million
Operating Profit $-1.83 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -0.59
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Key Personnel

Dr Bernard Olivier CEO
Farai Manyemba Finance Director

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Price Summary

Mid Price ? 0.58p
Bid Price ? 0.50p
Ask Price ? 0.65p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 0.58p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 4.00p
52 Week Low 1.25p

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Broker Consensus

The above information represents a selection of the views and target prices published in the last 120 days by analysts in individual stocks. It is subject to change without notice and may not necessarily be the view held by Redmayne-Bentley.

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