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the delisting RNS as expected today. Dont expect too much from this lot just yet, might get another RNS this week but more likely somtime this month or next I imagine when they are ready. Can anyone imagine things moving quickly now, could be wrong...Still 50/50 play.
RNS out, shares cancelled & no other information. Thanks board, you had a chance here to update us fully considering the time you've had to compile this 'update'.
I second that emotion: a Happy New Year to one and all!
RNS this coming week! Laying out the plans for the year ahead. Until then, a prosperous new year to all TGL'ers
I hope your right fella. So your happy that they've chosen not to release a RNS reassuring shareholders? Your happy about not releasing the figures? Or not even putting the presentation that they said would do? I have a right to be paranoid because the Indians have stop sending smoke signals. Is it because there Wigwams have caught fire and are now toast, or is it because Indians have packed up and moved to pastures new. I salute you my friend for being positive. We are now no longer listed which means my shares are worth zip until they relist. I don't know how hard or easy it is just to get admitted back on AIM, but I guessing it's a lot harder than straightforward or most companies would do it to get away from issuing RNS on whatever subjects. Personally I think it's game over. I hope or would like to be proven wrong in the not to distant future. But we shall see. Anyways, wishing everyone a safe and prosperous new year!
As expected: http://www.investegate.co.uk/ftse/rns/touchstone-gold/201512311315076195K/
Well that's a coincidence Mr. TGL, because I 'just gotta laugh' and your negativity and paranoia! Think logically: in June (23.6.15 RNS), CQCL granted GOS Systems exclusive reseller distribution rights over CQCL's forthcoming Quantum Key Encryption products: thereby increasing the value of GOS Systems substantially. A strange thing do if your agenda is to appropriate GOS as cheaply as possible. Ditto re. 'hiding' GOS results because they are 'bad': on the contrary, you would want to get the bad results out there to help your agenda. Impatience and scepticism is not unusual for a lengthy RTO (reverse takeover) suspension, but the outcome is usually positive.
guys over on the ADVFN board still seem rather optimistic that things will turn out ok, with posters on here somewhat more pessimistic I guess that we have overall a rough 50/50 split. A poster seems to think that we could achieve a market cap of £10-£15 milln once we return to market as GOS. So a few of the punters are not smelling this well and truly cooked goose this Christmas, they seem to think that Santa will be turning up in the new year with a late big present. I am a bit more positive today having read chessycustards posts over there.....lets see.
At HH100 enthusiasm. Every time I hit that TGL tab every few weeks and read up I see time and time again HH100 still holding strong..... I do have to take my hat off to you sir for still believing in TGL. Were as the rest of us have admitted defeat and said bye bye to our cash. You think this is bad while there still on AIM, lol just wait until there delisted!! Nada, zip, for months. The guy at the end of the phone will no longer be available to chat. Emails unreplied to. At least I did have some good news today....... Chonca the share that multi bagged that was always repeatedly referred to crashed back down to earth.... Back all the way down to .50. So if you do have anything left, the door is open again in CHA For TGL, there's a big reason why they'd rather delist than produce those figures. An if you haven't Sussed that out yet, god help ya.
...those new and existing shareholders who collectively put in £450k cash to TGL in May, just prior to its suspension, now feel about their investment? I hope they are getting the right answers behind the scenes that so far we PIs are not.
I'll be pretty annoyed if I lose my ISA holding because of this 'delay'. Over two years worth. News very early January please.
I have to ask myself one question though, are we any better off than some of these resourse companies, at least most of them have had a spike or two sometime in their history which allowed investors to get out. TGL on the other hand has been suspended for 6 months and at very close to its all time low, it is about to be de-listed from AIM, with no updates, figures, in fact nothing in the way of an RNS for 2 1/2 months and no guarantees apart from a few informal chats on the phone to keep the punters happy. Once we are removed from AIM, are we meant to just carry on with blind faith indefinitely then, and how long for? Naturally I still hope that this will be resolved in January, but once a share has lost its listing existing shareholders have very little control left, I just hope that they state clearly to the world what is going on sooner rather than later.
Hi Hedge I have to agree with your points about the shift from the resource sector - so many aim companies on a spiral down at the moment. Whether or not we salvage value from the shift remains to be seen!!! Bring on the accounts!!
SD, Virtually all resource companies have gone the same way over the last few years, and you know it. Fortunately though, TGL's management recognised the wind of change earlier than most, so switched focus to technology two years ago in April. This, combined with the ample opportunities to average down near the bottom after the purchase of GOS, is enabling us to salvage quite a bit of value here. Thanks and well done I say. There HAVE been quarterly updates, albeit not quarterly accounts: the last one was the informative conference call in September, and I'm sure we'll receive another update imminently. The taxation issue in Canada isn't fully within their control: and if you're dealing with public sector bureaucrats, they don't always move as fast as you would like. I've never been a fan of conspiracy theories, and I'm not here. The natives are clearly getting restless, but I'm sure that if value is delivered here then all will be forgiven!
IK has of course always held a large stake in TGL since its inception as a gold explorer, a quick glance at the chart shows clearly that he has never made any money, and is in fact losing what would be a small fortune to the likes of me and you. When TGL became a shell, and he bought heavily along with our Chilean investors at 0.275p, the 1st placing price, it seemed that the tide had turned, but the shares remained in the doldrums in spite of what seemed at the time to be a very clever purchase of GOS. We were promised quarterly updates for GOS, then half yearly figures, we have had nothing. The only consistency from this lot is a continuation in the lack of concern for its small investors which was the theme of the company in its gold exploring days.
CC-I'm afraid any figure here would be pure speculation. I know that Gos have retained all their old clients under the new regime and increasing the portfolio in other areas but this takes time in this sector. Revenue is coming in and therefore they are making money but how much is the big question. Until we see the accounts we have no way of knowing the state of affairs which will also highlight their cash position and whether or not they need to raise money. I have to agree with sausage in that news is very sparse at the moment and things are not going to improve here when delisted. Disappointed in tgl but that is aim for you? We are in their hands and we have to rely on IK to deliver. He certainly has a lot of money in here and that is my ray of hope here.
news news since 1st OCT. Can you imagine what it will be like once we de-list? I dread to think.
Rob, from your convo's, you have a guess on market cap on relisting? Also on whether or not we will see dilution from capital raising?
Not going to happen before Christmas - Speak to Trevor Wells. There will be some update but relisting when I spoke to him seemed a way off. IMO from what I understand they will relist as GOS when they have cleared up the Canadian mess - until that time we as shareholders still own the shares but cant trade as there is no value as such!!
Time to give us long suffering non ISA holders an early Christmas present with a re-listing...
"Google quantum computer is now 100m times faster than yours by Colm Gorey 2 hours ago As you read this, you can rest easy, safe in the knowledge that the Google quantum computer, the D-Wave 2X, is now 100m-times faster at doing anything your conventional computer could ever do. The Google quantum computer is a melding of some of the brightest minds in Google, NASA and the leading quantum computer producer D-Wave Systems and has now been fine-tuned to achieve computational power that has never been seen before by researchers. Aside from having a cool name, the quantum computer is the next evolutionary stage of computing, with the key to its power being the quantum bit, or qubit. Rather than using conventional bits seen in the computers and phones we use in our everyday lives, which work off the binary system of ones and zeroes, a quantum bit has the added ability to be a one, zero or both. With this, its ability to speed through problem solving is simply unmatched when compared to conventional binary computers. Announcing the news in a blog post, Google’s Quantum Artificial Intelligence Lab announced that it has published a paper detailing how the D-Wave Systems quantum computer it is using is now 100m times faster than conventional computers. A long, long way to go To track this, the Google researchers compared its quantum testing method – quantum annealing – with that of standard computational testing called simulated annealing. “We found that for problem instances involving nearly 1000 binary variables, quantum annealing significantly outperforms its classical counterpart, simulated annealing,” the post said. “It is more than 108 times faster than simulated annealing running on a single core.” Of course, as is the case with such advanced, mind-boggling technology, it’s early days yet, with the Google researchers saying “there is more work ahead to turn quantum enhanced optimisation into a practical technology.” The researchers did, however, lay out what they want to achieve in the coming years. “We would like to increase the density and control precision of the connections between the qubits as well as their coherence,” the post said. “Another enhancement we wish to engineer is to support the representation not only of quadratic optimisation, but of higher order optimisation as well.” Basically, don’t expect to have a quantum computer in the home anytime soon, but in the last two years there have been noticeable achievements made, such as last year, when two separate teams achieved a quantum computing accuracy reading of 99pc." https://www.siliconrepublic.com/innovation/2015/12/09/google-quantum-computer-nasa-d-wave-systems
YellowSnow-very good point so if TGL can't get re-listed and they HAVE to return cash to shareholders those RNSs say how great has been progress at GOS.So unless those RNSs were inaccurate we would have cash plus proceeds of GOS sale to the highest bidder.As the FCA warning below this message box says'posting information that is false or misleading could lead to an unlimited fine or 7 years in prison'. If Mr Khan feels happy enough to place his own and investors money into TGL shares he must have done sufficient due dilligence to ensure his reputation and his clients' money is safe.So good news for all of us little shareholders but may take a few more weeks.
as shareholders we own GOS GOS is not in administration. They cannot just waltz off with GOS as we the shareholders all own it. we've all spoken to various members of the team, they say the same thing. but of course it would be good and the proper thing to do to keep shareholders updated. they won't get many job offers if this goes badly for them. but there's no reason to think it will. we'e been told end of the year, beginning of next, let's see if we get an update before. ATB
IK is clearly a man of great intellect and heavily involved in charitable institutions.I think that if TGL shareholders were stitched up with his own investors included it would be a massive blow to his credibility.I agree that sorting the detachment from Canada and re-launching a new entity on AIM or elsewhere should not be beyond the people running TGL and/or its main asset(at present),GOS. Either all of the secret contracts are worth something or we have been mislead. At this stage I have to remain optimistic knowing the oversight placed on someone in financial services at this level.If what we have been told in RNSs is not correct I think the FCA would have to look at it very closely.
So basically since my last rant in Nov nothing as changed. Apart from a couple of phone calls stating Houston we have a problem, er in Canada. I'm sorry, but I don't buy it. We've had nothing since the 1st October. Nothing! They'd know a lot of investors would be chewing there nails to the bone worrying about delisting and still nothing. This to me this lacks compassion and does not boad well for the future. I have read every message since my last post and the story about TGL and Canada and wanting total separation is just a muse in my eyes. I think SD touched on it saying these are bright people. It would not take any accountant more than a month to sort out the tax issue and like SD said, they should be giving us money not the other way round.... How hard really??? My thoughts are....... Excuses. Another statement I read was if and when we relist, we are looking at a one for one share in GOS. As anyone thought how much that one share would be worth with just GOS? We only paid £250k for the company and we have no figures ( again, why is GOS accounts got anything to do with a TGL shell I have no idea) as to the current worth of that one share. Yeah sure some bits of GOS are making money and some bits are doing very well, but what about the bits that aren't doing so well??? How does it compare overall? Is it a break even company. We simply don't know without publishing the accounts and to me it's because it's not making money and not Canada like we are told. It just not adding up. You think if GOS was making a mint they wouldn't publish those accounts, of course they would. I see the presentation dispite being reminded twice is still not up lol It's hard to be optimistic from my angle from what I've read and again I think SD said it, AIM is just like Roulette. Hell I should know...... I settled my works accident for £200k out of court just 3 yrs ago and it's gone all because of AIM. Now yes that is my fault and no one else's and I'm not after pity. But really, my 2 biggest investments I made are both going to be delisted by 2016...... Even the 'experts' didnt see this coming, so what chance did I have to make any money....... Hard and truthful lesson learnt I must say. But hey, it's Christmas in 16 sleeps! Ps. I will hold out and I might eventually see a return, but yes I have more chance going down the bookies. At least my inheritance won't be blown the same way! IK you can still redeem yourself ya know and make a handful of Pi's very happy!