BUY: Trans Hex GroupShare price: 115cJSE code: TSX As part of the old rembrandt Group (now Remgro), there were high hopes that this small diamond miner would become a meaningful player in the SA diamond sector. But ventures in marine diamond mining and forays into Angola did not go exactly as planned. Subsequently, Trans Hex — which is now controlled by investment house RECM & Calibre and retail tycoon Christo Wiese — closed its "mined out" lower Orange River concessions, and put them up for sale. Trans Hex’s immediate prospects are firmly hitched to its controlling stake in Namaqualand-based West Coast Resources (WCR). But the firm’s share price suggests the market believes it will struggle to eke out the returns to justify this investment. Progress has been slow, but Trans Hex’s annual report shows WCR’s production more than doubled, from 80,500ct in financial 2017 to almost 174,000ct for 2018. The average stone size was only 0.23ct a stone, and WCR registered a loss of R8.8m. But...

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