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Another strong intra-day reversal back up to 2p (from the fall to 1.625p), a bullish sign. The recent chart is looking positive, with good closing support at the 2p level, and the makings of a climb back up to 3p.

GOS systems was originally intending to float in 2013 with a pre-new money valuation of about £22M.: "THE TIMES Tapping into the market for security July 15 2013 Nic Fildes A company that develops technology designed to tap the phones of terrorists and protect the identity of spies and informants is set to float in London. GOS Systems plans to raise £8 million via a float on AIM that is expected to value the homeland security specialist at about £30 million. Panmure Gordon is acting as broker, with the shares set to start trading in August. The company runs its own telecoms network used by security agencies and the police to protect the identities of field operatives and informants. It also gathers data by tapping phones and monitoring the internet usage of suspects. ... The company has swept up smaller players with great technology but low ambitions and will add Deltenna, a mobile technology specialist, using the funds it raises from the float in a £5 million deal. The company, which is based in London but will operate in Chippenham, Wiltshire, is the brainchild of Peter McKee, its 70-year-old chairman, who previously was head of the AIM-listed TRL Electronics. He said there was a “major gap” in the market for a mid-sized specialist: “The bang for the buck we get here from engineers is incredible compared with the US. The Americans do high-spending stuff, but they’re not that clever.” GOS is still early in its development, with revenue of £3.5 million and operating profit of £300,000." http://waterbridgecapital.com/gos-systems-intention-to-float-on-aim-gets-international-coverage/ If GOS Systems relists with such a valuation, that would equate to a fully-diluted share price of about 2.5p per share, compared to TGL's 0.525p share price at delisting.

Sometimes it's a good thing to be in a share that delists. Because businesses that delist can relist later at a much higher share price. A good example is Direct Network Publishing, which delisted from OFEX in the late 1990s, spent a short period unlisted, and then relisted in a different form at about ten times its share price at delisting. I.e. the holdings of shareholders at the time of the delisting became worth ten times as much at the relisting. "Durlacher a scout for the scary sector Tuesday 20 April 1999 00.58 BST ... Direct Network Publishing. This internet publishing house was listed on the Ofex exchange, but was delisted after buying a telecommuncations company. Plans for a float on a much more substantial market stage, Nasdaq, say, seem to be afoot, and the eventual price tag is likely to shock traditionally minded investors. ..." http://www.theguardian.com/business/1999/apr/20/13 "The year long love affair Martin Turner is FD at 365 Corporation, an Internet and telecoms company that emphasises its year round commitment to surfers' passions in its name. At £400m market cap, that's a whole lot of love. 29 Mar 2000 ... in 1999. That day was 2 December, when 365 shares first traded on the London Stock Exchange after moving up from Ofex ... the merger between the telecoms business and 365 (then known as Direct Network Publishing) a year ago ..." http://www.financialdirector.co.uk/financial-director/opinion/1743379/the-love-affair

"04/01/2016 07:00 UKREG AIM Cancellation - Touchstone Gold Limited" The brief 7a.m. TGL RNS yesterday was followed up by a longer one, copied below. Please note the following error: " ... GOS Systems, that had been acquired from administration in November 2015 ... " That should read November 2014. Despite the delisting things are looking positive. The major concern is whether the company can avoid the share being removed from ISAs, by relisting somewhere in sufficient time. "Monday 04 January, 2016 Touchstone Gold Ltd Cancellation from Trading on AIM RNS Number : 7099K Touchstone Gold Limited 04 January 2016 Touchstone Gold Limited ("Touchstone", "TGL" or the "Company") Cancellation from Trading on AIM On 1 July 2015, the Company's shares were suspended from trading on AIM as a result of the Company not having completed a reverse takeover or substantially implemented the investing policy approved by shareholders within twelve months of becoming an investing company and for not publishing its Report & Accounts for the year ended 31 December 2014 within six months of the year end as required under the AIM Rules. Whilst Touchstone has continued to support and develop the intellectual property rights and businesses that constitute GOS Systems, that had been acquired from administration in November 2015, it has still not been possible to complete a reverse takeover, or otherwise substantially to implement its investing policy in accordance with AIM Rule 15 nor has it published its Report & Accounts for the year ended 31 December 2014 or its interim results for the six months ended 30 June 2015. Accordingly, under AIM Rule 41 the Company's admission to AIM was cancelled at 7 a.m. on 4 January 2016. Following the cancellation from trading on AIM, Touchstone Gold Limited's ordinary shares will be transferrable by way of stock transfer form but there will be no price setting or dealing facility made available by the Company to shareholders. The Company will continue to develop and build the operating businesses that it owns and the directors will keep shareholders informed of developments by way of notices on the Company's website, www.touchstonegold.com, and via direct communication where appropriate. For further information please contact: Touchstone Gold Limited Franz Forrester Tel: +44 20 3301 9341 finnCap Ltd Ed Frisby / Simon Hicks Tel: +44 20 7220 0500 Peterhouse Corporate Finance Limited Lucy Williams Tel: +44 20 7469 0936 This information is provided by RNS The company news service from the London Stock Exchange END MSCUSSRRNAAARAR" http://www.investegate.co.uk/article.aspx?id=201601041043277099K

I second that emotion: a Happy New Year to one and all!

The third highest riser on Thursday 31st. December, LIFE, has more than doubled recently from 2p: LSE % Gainers Top Lists EPIC Name % GGP Greatland Gold +57% CLP Clear Leisure +46% LIFE Life Science De +43% Price Price Change [%] Bid Offer Open High Low Volume 4.88 1.475 [43.38] 4.75 5.00 3.25 5.25 3.20 3,492,079 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range 1.83 37.50 1.65 -28.64 - - - 5.25 - 0.85 This shows the potential of oversold investing companies / shells like LIFE and MMO, at a market cap. of under £1M. and trading at a discount to cash. And MMO's discount to cash is a lot more than LIFE's was at 2p, and its market cap a lot lower.

Cash burn has been reduced to just £70K. per half year, and cash at the end of September was £539K. ... fifty six per cent higher than MMO's market cap. (£345K. at 2p).

Relatively big volume today: over 3% of the shares in issue traded. The strong intra-day reversal back up (from the fall to 1.625p) is a bullish sign. Virtually all of the 295,343 shares sold were hovered up by buyers, and there can't now be much stock available. Price Price Change [%] Bid Offer Open High Low Volume 2.00 -0.125 [-5.88] 1.75 2.25 2.13 2.13 1.63 573,153 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range 0.34 17.23 -10.66 -4.00 - - - 7.50 - 1.00 Time/Date Price Volume Trade Value Type 16:13:44 30-Dec-2015 2.00 10,000 200.00 Ordinary trade 16:05:05 30-Dec-2015 2.00 50,000 998.65 Ordinary trade 15:32:13 30-Dec-2015 1.95 50,000 975.00 Ordinary trade 14:09:23 30-Dec-2015 1.85 28,905 535.47 Ordinary trade 13:58:42 30-Dec-2015 1.75 10,000 175.00 Ordinary trade 11:17:08 30-Dec-2015 1.73 100,000 1,729.80 Ordinary trade 11:01:35 30-Dec-2015 1.73 28,905 500.00 Ordinary trade 10:07:06 30-Dec-2015 1.68 95,343 1,603.48 Ordinary trade 10:06:16 30-Dec-2015 1.74 200,000 3,485.40 Ordinary trade http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?page=0&fourWayKey=GB00B979BX21GBGBXASQ1&formName=frmRow&upToRow=-1

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.

'Incestuous investments' can actually be a GOOD thing for arranging a RTO, because this can ease the way: i.e. the same people have influence/control over both sides of the deal, so an accommodation is more likely. Is something of this nature on the cards here? And does this explain the buying over the last couple of days?

MMO's micro cap. of just £0.37M. means that IF it has a RTO (reverse takeover), then a bigger uplift is more likely than otherwise. E.g. if the RTO vehicle has a £2M. share of the enlarged equity, a shell already valued in the market at £2M. will have no uplift based on the RTO value. Whereas one currently priced at a fifth of that should rise five-fold. In MMO's case its NAV is multiples of the current share price, and it's likely that an RTO value would reflect that.

I would think that the interim results will be announced next week - perhaps on Monday - and perhaps in the afternoon as with the last three years: 18/12/2014 17:41 UK Regulatory (RNS & others) Mercom Oil Sands Plc Half Yearly Report 19/12/2013 17:11 UK Regulatory (RNS & others) Mercom Oil Sands Plc Half Yearly Report 21/12/2012 16:18 UK Regulatory (RNS & others) Mercom Oil Sands Plc Half Yearly Report And in the meantime MMO has risen for two days running, closing for the weekend in third place on the top risers list: LSE % Gainers Top Lists EPIC Name % AGQ Arian Silver +40% ZOX Zincox +35% MMO Mercom Oil +31%

Could MMO investee company Maverick Petroleum RTO (reverse takeover) into MMO? If so, then MMO could be the next CEB - a ten-bagger within months. 31 May 2015 "Mercom Oil Sands(“Mercom”) MMO Maverick Petroleum Ltd has inked a deal with the Chad Government The discovery of oil in commercial quantities In Chad,two landlocked African countries in the Lake Chad basin, has renewed the interest of other countries, particularly Nigeria, in the basin and other inland basins. This is a positive development that could lead to increased global production. According to the 2012 BP Statistical Energy Survey, Chad has proven oil reserves of 1.5 Bbbl. Other studies establish the prospect of more reserves, and Chad has become one of sub-Saharan Africa’s significant crude oil producers. Chad’s oil is largely from a number of fields in the Lake Chad basin and in the Doba basin in southern Chad near its border with the Central African Republic. The Doba basin’s oil fields are estimated to contain reserves of about 1 Bbbl of crude oil. The China National Petroleum Corporation (CNPC), Sonatrach, and Petronas are some of the foreign companies prospecting for oil in different parts of Chad. A consortium led by ExxonMobil is in charge of developing the Doba basin. Development also is going on in the Bolobo field as both the Kome and Maiandoun fields are fully operational. Maverick Petroleum Ltd., has inked a deal with the Chad Government for the development of Sidigui Oilfield and establishment of a 10,000 barrels refinery. Sedimentary structures and other analysis show that Sidigui sands were deposited from fluvial to shallow marine waters. A faulted dome structure, the Sidigui field, contains several staked pay zones, reservoir rock is good quality sandstone with porosities ranging between 200 md and 500 md. Oil, gas and condensate. Sedimentary structures and other analysis show that Sidigui sands were deposited from fluvial to shallow marine waters. A faulted dome structure, the Sidigui field, contains several staked pay zones, reservoir rock is good quality sandstone with porosities ranging between 200 md and 500 md. Oil, gas and condensate exist. Oil gravity is nearly 48A[bar] API and condensate gravity varies from 50A[bar] to 52A[bar] API. Determined to guarantee that the latest quest for a significant oil discovery in the Chad Basin meets success, the Minister of Petroleum Resources Mrs. Diezani Alison- Madueke has asked the Corporation to put it all efforts in its push to strike black gold in the potential Chad Basin." http://www.*****************/mercom-oil-sandsmercom-mmo-maverick-petroleum-ltd-has-inked-a-deal-with-the-chad-government/

Askia's website provides a link to its page on the ESE exchange. Here's some of the content, which suggests that the company could capitalise on stricter regulation on Africa to protect the environment: "Askia Gold is a long-standing exploration company with years of expertise and local knowledge in many African mining countries. With changes in legislation and a keen eye on the market, Askia moved into creating a blueprint to assist other mines with Equipment, Taxation Regimes, Local Integration Tools and Financing." "News Askia Gold converted its Gold Mining assets into testing areas for its revolutionary Gold Washing plants. In time and in tune with sweeping regulation changes in many African countries, Askia has developed a washing plant that is efficient, robust, with no moving parts." http://www.europeanstockexchange.com/#!ask-ese/caea And Askia's website states that it has a partnership arrangement with a major mining company ... which suggests that it could be working with Sierra Rutile on its new mine development: "Sierra Leone Askia Gold has developed strong links between the Sierra Leone Government, principal Chiefs and local community leaders in highly productive gold production areas. Askia Gold has entered into a partnership arrangement with a major mining company, investors and equipment manufacturers." http://www.askiagold.com/#!opps/c1mya From Proactive Investor: "Sierra Leone's mining industry moving on from Ebola 12:07 21 Apr 2015 Today's approval for specialist minerals group Sierra Rutile to kick-start a new US$77mln mine project in Sierra Leone marks a turning point for the company but also a country, which has been rocked on its heels by the Ebola crisis. ..." http://www.proactiveinvestors.co.uk/companies/news/68245/sierra-leones-mining-industry-moving-on-from-ebola--79513.html "Sierra Rutile is a leading mineral sands producer, with significant production expansion underway" http://www.sierra-rutile.com/

MMO's largest investment was the £400K. invested into Lion Natural Resources, which has holdings in two companies: Askia Gold Ltd. and Advance Gold Corp., both of which look potentially very exciting. 1. ASKIA GOLD "Askia Gold has finalized its gold mining equipment and financing plans to supply mines with efficient eco-friendly washing plants. Mining companies today have to be concerned about contamination. Most government organizations need to recognize the hazards and adopt new eco friendly gold concentrators and green-based gold mining technologies as a standard. The mining industry is now eliminating hazardous products or waste materials that are commonly used in many mines especially in Africa. Askia gold mining products and equipment only use water and the flow of a natural river, not even vibration. All aspects of an Askia unit are eco-friendly, thus avoiding the need for a chemical permit, issues with government agencies, hazardous waste disposal costs, and most importantly, the extreme environmental issues connected with chemical extraction of gold." http://www.askiagold.com/ 2. ADVANCE GOLD CORP. "KAKAMEGA PROJECT African Barrick Gold plc. ("Barrick") has 51% and the right to earn 75% equity in the Kakamega Project, which comprises the Rosterman, Burkura, and Sigalagala Projects in Kenya, East Africa. Rosterman SL267:The most northerly of the three licences hosts the historic Rosterman mine, which is reported to have produced in excess of 250,000oz Au at average grade in excess of 13g/t. Click here for MAP Bukura SL265 and Sigalagala SL266: The southern licences host numerous significant historical colonial mines and areas of active artisanal mining." http://www.advancegold.ca/s/home.asp Listed on the Toronto Stock Exchange under the symbol AAX http://web.tmxmoney.com/quote.php?qm_symbol=AAX

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!

MMO directors having been paying themselves in shares recently to conserve the company's cash, effectively therefore buying shares ... and at about double the current share price or more: 22/10/2015 14:00 UK Regulatory (RNS & others) Mercom Oil Sands Plc Issue of Equity "The Company announces that it has issued a total of 1,782,294 New Ordinary Shares in settlement of director fees and other advisory fees and charges. Of these shares, 523,415 New Ordinary Shares have been allotted to Kyle Appleby, a non-executive director of the Company, at 3.63p per share in settlement of fees charged under his letter of appointment. The remaining 1,258,879 New Ordinary Shares have been allotted at an average price of 3.97p per share in settlement of advisory fees and charges. These fees and charges have been settled in shares in order to preserve the Company's cash resources. ..." 06/05/2015 15:00 UK Regulatory (RNS & others) Mercom Oil Sands Plc Issue of Equity "The Company announces that it has allotted a total of 3,034,886 New Ordinary Shares at 4.625p per share (being the mid-market closing price at the close of business on 5 May 2015). Of these shares, 440,291 New Ordinary Shares have been allotted to Patrick Cross in settlement of director's fees and expenses of GBP20,363 for the period from 1 July 2014 to 30 April 2015 and 2,594,595 New Ordinary Shares have been allotted to John Zorbas in settlement of invoices totalling GBP120,000 in respect of his consultancy contract with the Company, for the period 1 April 2014 to 31 March 2015 and are being settled in shares in order to preserve the Company's cash resources ("the New Ordinary Shares")...." So what are they saving the company's cash for? Well, the company's final results in September said this: 30/09/2015 17:24 UK Regulatory (RNS & others) Mercom Oil Sands Plc Final Results " ... No further investments have yet been made, but the Company is continuing the process of identifying investment opportunities which match our strategy, and of evaluating the potential profitability and risks associated with them. ..." MMOs' interim results should be out next week, and it will be interesting to see if any progress has been made.

2015 ten-bagger CEB (CEB Resources), recently renamed Andalas Energy and Power (ADL), is another such example. And the ideal time to be buying is when no one is interested, which is why they are at that level. From the ADVFN thread "CEB Resources with Charts and News (CEB)": h2owater 11 May'15 - 12:45 - 49 of 1137 0 0 "Map 1.7 m only" moreforus 11 May'15 - 12:46 - 50 of 1137 1 0 "lol it was 300k last month and no one gave a rats arse...." http://uk.advfn.com/cmn/fbb/thread.php3?id=32721796&from=1127

Top riser today FTE has more than trebled, to a market cap. of about £1M: LSE % Gainers Top Lists EPIC Name % FTE Forte Energy +355% Price Price Change [%] Bid Offer Open High Low Volume 0.03 0.0195 [354.55] 0.02 0.03 0.01 0.04 0.01 3,987,671,219 Market Cap. [m] Shares In Issue [m] Beta EPS DPS PE Ratio Yield 52-Wks-Range 0.99 3,975.00 0.67 -0.17 - - - 0.60 - 0.00 This shows the potential of oversold resource stocks like FTE and MMO, valued at under a third of a million pounds.

From MMO's website: "Our Strategy The Board’s strategy is to pursue its investing policy to acquire a diverse portfolio of direct and indirect interests in the natural resources and energy sectors, with a focus on oil and gas. The Board’s principal focus will be on achieving capital growth for shareholders. As part of this strategy, the Board will investigate opportunities to make an acquisition which would be deemed a reverse takeover under the AIM Rules for Companies." http://www.mercomoil.com/index.html