Di­a­monds a punter’s best friend

Financial Mail - Investors Monthly - - Opening Bell -

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.

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