Bought in with a small punt today. Highly spec but lets see how it goes! must have reached the bottom now and due a recovery ?

I agree entirely, Skyhigh.

Superb TGL multibagger potential from these levels ... in two distinct ways.


I think that the most accurate description of TGL at the moment would be: "a natural resource shell-explorer hybrid".

Because TGL is a DOUBLE play: i.e. its existing gold, AND the expected reverse takeover (RTO).

On the one hand, you have TGL's million ounces of high-grade, near-surface, low-cost gold, with the potential to become multi-million ounces, at a new market cap. of about £1.3M. (at 0.575p) after the 14th. March placing.

But on top of that, you have the more speculative upside of a good shell.
And shells can be pretty good investments:
on 4th. March shares in Verdes Management (VMP) returned from suspension, and within a week rose more than eight-fold to 0.8p (market cap. £7.44M.)


In effect therefore you're getting 'two for the price of one' with TGL.
Two great angles, either one of which could confer multibaggerhood upon this share, and both of which I'm very confident about.

With the gold price having recovered well and shells coming back into fashion, TGL is in the right place, at the right time.

While I'm not claiming that it's a guaranteed multibagger, I believe that it's the next best thing, and with great downside protection too.

It looks like it's goodbye Touchstone Gold, hello Touchstone Technology!!


Obviously great TGL news two days ago, because is there a more highly rated sector than the tech sector?

Just look at Concha, market cap. £15.2M. at 1.175p.
And Concha are, like TGL, a client of Peterhouse Corporate Finance.

31/03/2014 15:20 UKREG Concha plc Interim Results
"Concha's strategy remains to identify and invest in growth companies in the technology, media and communications sectors. The Board has identified a number of potential acquisition opportunities in these sectors, which it believes offer good opportunities to generate shareholder value. Whilst there can be no guarantee that one or more acquisition opportunities can be concluded successfully, the Board remains confident of creating shareholder value through Concha and looks forward to providing further updates in due course."

Concha (CHA):
C. 0.18p first half of January, to c. 1.175p second half April: 6.5-bagger
(based on closing mid price lows and highs, estimated from charts).

I particularly like the phrases "timely updates" and "known high growth technology sectors" from Wednesday's TGL announcement:
30/04/2014 07:01 UKREG Touchstone Gold Limited Investment Policy, Circular & Notice of AGM
" ... The Company's remit in this regard is broad and at this stage the Directors can report that they are reviewing a small number of companies outside the natural resources sector. The directors will provide timely updates to shareholders as matters develop.
... we have been approached by a number of companies in known high growth technology sectors that are ready for a public listing, and which might be suitable for an RTO once the Company has obtained its requisite approvals at the AGM. ..."

It looks like the company are going to keep us fully informed as to progress, which should mean that the newsflow should continue coming think and fast (we've had five TGL RNSs in the second half of April).

And judging from the speed TGL work at, I wouldn't be surprised if the 30th. June AGM will actually be able to approve a specific RTO.

Stick with it folks!... and top up when you can! (imho & dyor)

I bought back in now it's going techie... showing a bit a profit even

A good recent post from LSE (5 days ago):


"RE: TGL Charts Fri 22:58

Some weekend 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 this week. The 100-day MA was pierced today. 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 this week:

http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=TGL.L

Trading volumes in TGL were 2 times higher than the daily average this week. 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... "

http://www.lse.co.uk/ShareChat.asp?ShareTicker=TGL

I believe that TGL is surely the ultimate shell.

Why?

Because of the combination of:

1. The deal-making muscle of Ilyas Khan & co.
E.g. ZOL (20-bagger, currently £215M. market cap.), ASX-listed WEC (c. 20-bagger, A$875 million market cap. in June 2010), and MEN (multibagger, combined resources of 7.38 million ounces gold and 1.77 billion pounds copper).

2. The technology shell capabilities of Peterhouse Corporate Finance (TGL's fellow Peterhouse tech shell Concha (CHA) 12-bagged in the first half of 2014).

Technology is the fastest-growing (& most highly-rated) sector on the market, and with the stellar track-record of the 'shellmeisters' behind TGL we can pretty much guarantee something big, and at a good price given the current technology sector dip.

This could even end up being the RTO (reverse takeover) of the decade.

A new company, Cambridge Quantum Computing Ltd., was incorporated on 1st. July, i.e. the day after TGL's AGM to approve its new tech shell status.

The company address is 32 James St, London, SW1A 1HD, with Shahed Mahmood and Trevor Wells listed as director and company secretary.

https://www.duedil.com/company/09109848/cambridge-quantum-computing-limited/people


I.e. The same company address as Touchstone, with Touchstone's Chief Executive (Shahed Mahmood) as director, and with the same company secretary (Trevor Wells).

http://www.touchstonegold.com/s/Directors.asp

http://www.touchstonegold.com/s/Contact.asp


My speculation is this:
TGL might be packaging together more than one business prior to the RTO, e.g. combining a more 'blue sky' company (quantum computing), with a more traditional one, to give the combination of turnover and profits with a more 'sexy' area.

I've seen that done before, and the effect upon the share price and valuation was quite explosive.
- In effect, the turnover and profits of the more 'traditional' tech business are valued more closely to the rating of the 'blue sky' tech company, giving a far higher multiple than otherwise.

Penny share prices have been drifting down across the board during this quiet summer period, but TGL has been performing better than most, which is a good sign. Any sales have tended to be small.

Technically, the uptrend of the last few months is still intact, and there has been some buying over the last couple of days, at what looks like a support level in the mid 0.4s.

There has been no really substantive TGL news announced now since April, which is unusual for this company, but it does tend to wait until it has something really important to say.

And with clear indications that a lot is going on behing the scenes, this feels to me like the calm before the storm.

All the signs are that Cambridge Quantum Computing will RTO into TGL, in a big deal which will send the share price much higher.

Quantum dot producer NANO is the closest LSE comparable to CQC ltd.

NANO's market cap. is currently £323.69M. ... and it featured in "The Times" today:

"Nanoco and Dow tune in for sharpest picture yet

Robert Lea Industrial Editor
Published at 12:01AM, September 25 2014

Shares in one Britain’s great nanotechnology hopes soared by nearly 25 per cent yesterday after the announcement of a deal to make the pictures of Korean-made televisions even sharper.

Nanoco, a spinout from the University of Manchester and based in Runcorn, Cheshire, is piggybacking the American industrial giant Dow Chemical into South Korea.

Nanoco has licensed its quantum dot technology to Dow and yesterday the American group said that it would build a plant in the country to help to produce millions of cadmium-free televisions and other devices, such as tablets. ... "

http://www.thetimes.co.uk/tto/business/industries/technology/article4217122.ece


Compare and contrast NANO with TGL-CQCL (Cambridge Quantum Computing Ltd.):

NANO: quantum dot technology.
CQCL: quantum computing technology.

NANO: a spinout from Manchester University.
CQCL: a spinout from Cambridge University.

NANO: a reverse takeover (into Evolutec (EVC), a failed biotech company).
CQCL: believed to be planning a reverse takeover (into TGL, a repositioning gold mining explorer).

NANO: market cap. £323.69M.
TGL: market cap. £2.51M.


If anything, CQCL should attract a higher rating than NANO, because it is more of a 'software' company, whereas NANO is more of a 'hardware' company:

CQCL develops tools for the commercialisation of quantum computers. The focus of its activity is the development of algorithms and source code, concentrating on cryptography, financial services, and medicine and biotech (including DNA mapping).

Quantum dots on the other hand are semiconductive crystals measured in nanometres that can be used in products such as televisions, lighting, medical imaging and solar panels.

The latest "INVESTORS CHRONICLE" (i.e. Friday 26th. September issue) has a useful article entitled "SUPER SMALL CAPS", featuring "10 companies with the potential to become world beaters".

Interestingly, one of the ten companies selected is quantum dots company NANO.

Here are some extracts:

"Back in 1976, three men got together - Steve Jobs, Steve Wozniak and Ronald Wayne - and formed a company to sell hand-made computer kits. That kit was the Apple I computer and in its first year of operation Apple's sales reached a mere $174,000 (around £87,000 based on 1976 rates of exchange). At that stage - in the thoroughly pre-digital mid-1970s - it wasn't clear that there would even be a market for such a product and the company could easily have folded. But just four years later sales had risen to $117m and the Apple company had floated at $22 a share - the rest, of course, is history. ..."

"So what characteristics should a company have to make it as big as an Apple or a Google? The answer, of course, will differ according to the sector. In technology or pharmaceuticals such companies will be touting an innovative idea with plenty of potential - so intellectual property really matters. Such companies may be generating no profits, or sales, and they may be burning through investors' cash at an appalling rate. In such circumstances, an excellent grasp of the market that their product is focused on is crucial - as well as something of a leap of faith. ..."

"4. Nanoco
Moving onto the tech-related sector and Manchester-based Nanoco (NANO) stands out. It makes so-called quantum dots, which are tiny particles of semi-conductor material with potentially huge implications for LCD TV displays, LED lighting and solar energy. Indeed, Nanoco's cadmium-free quantum dots offer better brightness, colour and power-efficiency than current similar LED-type technology. ..."

Ilyas Khan and his Stanhill merchant bank have a well-deserved reputation for big deals. In view of that, then that's certainly what we should expect here with TGL: a large, high-growth technology RTO (reverse takeover).

Quality targets will want to work with a quality shell, with shellmeisters and shareholders who can be of real assistance to their business, and that's precisely what we have here.

So even conservatively, I would expect TGL's share of such a RTO to be valued at upwards of £10M. ... if not immediately, then relatively soon afterwards. Which is over four times TGL's current market cap. at 0.6p.

And that should be just for starters, with medium and longer term growth following on from that.

With Cambridge Quantum Computing Ltd. as an integral part of the enlarged entity, I would anticipate a NASDAQ dual-listing at some stage, and/or a takeover by the likes of Google or Microsoft etc. If that happens, then I would think that a market cap. of hundreds of millions (as I.K. achieved with WEC and ZOL) is quite possible.

This being the case, TGL looks to be quite absurdly undervalued at just 0.6p. Even allowing for a steep discount for an element of uncertainty, and the time value of money, then I would still think that current fair value is at least double the current price.

This steep undervaluation is probably a pretty temporary state, brought about by market makers persuading the largest outside shareholder (MAM) from the gold company days to part with its shares, combined with the recent market correction. But with that stock gone, and markets recovering, then this buy opportunity may not last long.

Who Should Attend?Date:

Wednesday 29 November 2017

Venue:

Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR

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