Diamonds a punter’s best friend
After being roundly ignored by most of the market for years (though not by my colleague Charlotte Mathews — see the April issue of
Investors Monthly), small diamond group Trans Hex is a hive of activity.
The latest news is that a mysterious shelf company called Business Venture Investments 1952 (BVI) has snapped up platinum group Northam’s 20,3% stake in Trans Hex. This follows hard on the heels of commodity specialist Quinton George’s mCubed buying a 26,1% stake in Trans Hex.
It’s never easy finding out who (or what) is behind a shelf company, but Investors
Monthly has it on fairly good authority that the new investor in Trans Hex is involved in the diamond cutting business.
No matter the identity, there appears to be an intriguing shareholder dynamic forming at Trans Hex. Aside from the influential positions held by M Cubed and BVI, listed investment RECM & Calibre also holds just over 25% of Trans Hex.
Hopefully — and especially for the sake of long-suffering minority shareholders — all three big investors want the same thing: sparkling returns from a mining group whose prospects have been flawed for the best part of a decade.