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That idea did cross my mind and it is interesting that IK's shareholding history is being methodically noted publicly.What was odd was the way Waseem spoke about IK as though he knew little about his affairs.I felt he was being overlly low key!!
In 2014 Ilyas Khan has actually increased his holding of TGL shares by over ten million. This year Ilyas Khan has bought nearly thirty million TGL shares. 29,170,276 to be exact, in four separate tranches (taking him up to 56,083,855 in total), for an aggregate costs of about £101.7K.: 1. Subscribed for 3,273,588 shares: 21/01/2014 07:00 UKREG Touchstone Gold Limited Issue of Equity and Corporate Update "London, 21 January, 2014 - Touchstone Gold Limited ("Touchstone" or the "Company") (AIM: TGL) (TSX: TCH) is pleased to announce it has entered into an agreement to grant 6,547,177 non voting partly paid units ("Deferred Units") at a price of 0.932 pence per share by way of private placement.... The Shares are to be subscribed equally between Robert Buchan and ECK Partners Holdings Limited, which is beneficially owned by Ilyas Khan. ... " 2. Subscribed for 21,696,679 shares: 22/04/2014 07:02 UKREG Touchstone Gold Limited Placing, director change, strategy & TSX delisting " ... The Company is pleased to announce that it has raised a total of US$1,740,000 via the issue of 175,832,276 ordinary shares of no par value at 0.275p (the "Placing Shares") and US$929,589 of convertible loan notes (the "Loan Notes").... ECK Partners Holdings Limited, a Company beneficially owned by Ilyas Khan, has agreed to participate in for approximately US$100,000 of Placing Shares...." 3. Bought 1,700,000 TGL shares in the market: 23/04/2014 13:02 UKREG Touchstone Gold Limited Holding(s) in Company 4. Bought 2,500,000 TGL shares in the market: 25/04/2014 10:41 UKREG Touchstone Gold Limited Holding(s) in Company Since then he has sold 18,250,000, taking him back down to 37,833,855. If he obtained an average of about 0.557p per share, then that means he has taken out the £101.7K. he has invested this year. This may have been a partial consideration, which would suggest that his selling is now over. (It's also more likely that news of his selling would come out once he had finished.) But I also feel that there have been other, more strategic considerations here, which have prompted the I.K. selling. What's clear is that the shares have been hoovered up nicely, and that I.K. was only selling into strength. I.e. providing shares for those who wished to buy at about this price, while keeping a bit of a lid on the share price. In my experience this sort of selling is always a very positive sign.