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Touchstone Gold Limited T.TCH



TSX:TCH - Post by User

Comment by Hedgehog100on Mar 19, 2014 5:48pm
227 Views
Post# 22343364

RE:Good potential, but even insiders have given up?

RE:Good potential, but even insiders have given up?Canadian308,

With respect to your second paragraph above (I addressed your first paragraph above in my last post).

Firstly, I know of mining sector companies where the share price has multi-bagged (even thirty-bagged) with no dirctor share buying, so while it can be some indicator, it's not essential.

Remember that TCH are in external talks, which can be some restriction on director share buying.

There has though been significant Touchstone Gold director share investment recently by way of private placement, at a significant premium to the current share price:
"Issue of Equity and Corporate Update 21/01/14"
https://www.touchstonegold.com/s/NewsReleases.asp?DateRange=2014/01/01...2014/12/31

I.e. (from the 21st. January announcement) 6,547,177 non voting partly paid units ("Deferred Units") at a price of 0.932 pence per share by way of private placement.
An investment of £60.4K.

The buying was split equally between two directors, i.e. £30.2K each, and over 3.27M. shares each.

That would be a strange thing to do if they did not have faith in the future of their company.
Rather, it suggests that they are keen to increase their stakes at this very low price.

With the bonus that the company has the guarantee of their support until its future is secured.

I can't think of another mining minnow with such a guarantee.


There was also a further private placement last week of £100K. with new strategic investors.

And there has been good buying support in the market.
TCH first hit its current price of 1.5c. last July, eight months ago, and there have been multiple bottoms at 1 cent, indicating that it has bottomed out.

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