Sorry to hear that, mate. TGL has been a tough share, for sure. "TGL 2.0" now looks like a different kettle of fish and a turnaround story is taking place. It is easy to see a scenario here where 1p to 2p is possible within weeks as anticipation builds around their new tech-shell investment strategy. Other shells, like EMT and CHA, have surged in H1 2014 and shells are undeniably popular with investors right now.
Going through my Portfolio and I find TGL and my buy in document. It's pitiful to see my average in here @ 18.75 for £500..... There currently worth £12.62. So it's got some way to go before I make any cash on this dinosaur of a share. I could double my shares for an extra £13 though, oh how the mighty fall! My bad I know, but I was never selling once I lost a big chunk and it just got worse and worse to the point where it was pointless selling after losing 75% of my investment.
Some additional reading and research for new TGL investors.
The technical charts for TGL now look increasingly *bullish*.
The Bollingers squeezed tight a few days ago. The 6-month upper-trendline was busted through last week. The 100-day MA was pierced recently. And the MacD is headed back in the right direction for the first time in a long while.
British Bulls and Ichimoku have both issued "buy / bull" ratings in the past week:
Trading volumes in TGL were 2 times higher than the daily average the past month. Strong demand emerging now for TGL shares.
Plenty of upbeat news-triggers coming in the next few weeks. Big general meeting to rubber-stamp the new strategy. And a rumoured sell-off of "old" mining assets in South America to raise even more funds.
In a nutshell, the outlook for TGL is now very strong, and 1p+ looks very doable. Here's why:
* Technical charts look good... * Trading volumes are good... * Funding is good... * Rumours of a mine sell-off are good... * New board talk good... * Big company meeting for mapping new strategy looks good... * Future newsflow propsects to ignite the share further look good...
No share ever goes up in a straight line. TGL looks like it is taking a breather after 3-bagging in a month. Natural profit-taking.
But with a big company meeting coming up, a new investment strategy to be announced, a possible mine sell-off to raise yet more cash, tech-shells in fashion right now, and the technical shareprice chart "bowling" strongly upward, TGL is unlikely to stay still for long.
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