Transglobe Energy Share Discussion Threads

[mark10101] 19/11/2019 20:13

I like to feel the optimism that HH shares with us as I like the sector, but the impression I got/getting from Waseem now and when I spoke with Idris earlier this year is they are surprised we are still interested and are a little put out we are still asking questions....

[1399peter] 19/11/2019 19:42

I don't suppose they even give us / this a second thought. They have had our money and moved on.

[chesycustard] 19/11/2019 12:56

I send a query the other day, waiting to hear back. Cqcl raised a lot of money, millions, only this month.

[singray105] 19/11/2019 10:50

If IK had maintained our listing he would have made a small fortune here with our link to CQC, and in view of the fact that CQC are not listed anywhere at the moment. At the very worse we might well have seen an protracted pump and dump at some stage as the rumour mill got into full swing regarding the future of quantum computing, link with google, etc.
Unfortunately the meetings that I attend at Stanhill always portray a rather bleak picture for the Intelycript/GOS business with nothing much to look forward to in the short term, although we do still own CQC shares of course.

Our thinking/logic in investing here though was spot on, but unfortunately we never really saw a decent spike before suspension in order to take some profits, guess someone was in the know. All down to incredibly bad luck at the end of the day I suppose.

[hedgehog 100] 06/11/2019 16:32

No Chesy, I haven't. But there's quite a bit of info. that's 'out there' to work with.

[1399peter] 05/11/2019 22:01

HH

Much appreciate your input here but I will believe it when I see it, cynical perhaps

[chesycustard] 05/11/2019 21:05

Thanks hedge, have you spoken to Idris recently?

[hedgehog 100] 05/11/2019 14:43

Peter,

If Ilyas Khan wants to minimise his dilution at listing, then that points to the RTO route, rather than the IPO route.

And the MILA criteria from its formation you've quoted is open to different interpretations. It could just mean that MILA wanted to make an acquisition of over half of a company, as opposed to meaning that MILA would want to retain over half of the enlarged equity post-acquisition.

But in any case, the company has already shifted away from the strategy when it was formed.

[mark10101] 05/11/2019 14:39

Sorry HH was not thinking straight as it is a RTO you were suggesting not a buy out... Looks interesting, would be good if something happens withing 5 years of putting money in!

[1399peter] 04/11/2019 18:57

HH,

The only criteria I think they would need to change is

"We formed the Company to undertake an acquisition of a controlling interest in a company or business (an "Acquisition").

as I could not see Ilyas or his investors ever giving up control of CQC, why would you

[mark10101] 04/11/2019 16:27

Hi HH, they don’t seem to have a lot of cash atm? Either way it would be about time something started to happen here. Hopefully we have endured the worse of the wait.

[hedgehog 100] 04/11/2019 15:50

Hedgehog 100 5 Sep '19 - 12:46 - 8211 of 8219 Edit
" ... MILA though could potentially fit the bill.
A main market investment shell ... "


Following on from my post 8211 above.

There was a MILA after hours RNS on Thursday evening evening: they are negotiating some "extremely exciting opportunities" to RTO!

And they have been pursuing a new strategy, looking beyond the resources sector: this will almost certainly include the tech sector!!


31/10/2019 17:00 UKREG Mila Resources PLC Final Results

" ... Highlights

-- Ongoing appraisal of investment targets in regions with strong valuation or cash-flow growth potential

-- Mutually terminated a proposed reverse takeover of Capital Metals Limited
-- Broadening of investment horizons
-- Strong balance sheet position with cash balance at the end of the period
Chairman's Statement

Dear Shareholder

We have pleasure in presenting the financial statements for the year ended 30 June 2019.

Following Mila's re-listing and broadening of its horizons we remain open minded about which industries we might invest in while retaining our key criteria for delivering excellent value for our shareholders. The mutually terminated proposed reverse takeover of Capital Metals Limited, while disappointing, has driven our new strategy which we hope will lead to a swift replacement. The reduction of investment routes for smaller businesses following the continued uncertainty over Brexit has driven some extremely exciting opportunities towards Mila. Negotiations are already well underway on these projects and we hope that at least one of these opportunities can be Mila's first acquisition. ... "




And what domestic RTO opportunity could be more "extremely exciting" that quantum computing, and Cambridge Quantum Computing Ltd. ...

[moormoney] 24/10/2019 13:06

Good to hear this has a flicker of potential! If the shares were trading the google connections would have set light to them!

[fovargue] 24/10/2019 12:38

I imagine Ilyas has Google Maps on his phone too. I still remain doubtful that my little part of Intellicrpyt will ever be worth any more than absolutely nothing.

[1399peter] 23/10/2019 18:39

HH

Thanks for the info, although IBM are doubting their figures it's an interesting development all the same.

[hedgehog 100] 23/10/2019 17:52

Breaking news -

"Google claims 'quantum supremacy' for computer
By Paul Rincon
Science editor, BBC News website
3 hours ago

Google says an advanced computer has achieved "quantum supremacy" for the first time, surpassing the performance of conventional devices.

The technology giant's Sycamore quantum processor was able to perform a specific task in 200 seconds that would take the world's best supercomputers 10,000 years to complete.

Scientists have been working on quantum computers for decades because they promise much faster speeds.

The result appears in Nature journal. ..."




Remember that CQCL is working with Google -

"Cambridge Quantum Computing integrates Google’s CIRQ framework into proprietary software stack

Cambridge Quantum Computing (CQC) and Google are pleased to announce collaboration in quantum computing. As part of the collaboration, CQC will utilize the open source CIRQ framework developed by Google and the state-of-the- art 72-qubit “Bristlecone” quantum processor to develop software designed specifically for quantum computers. The potential of such technology is difficult to overstate, promising to revolutionize fields ranging from chemistry to finance, from encryption to AI.

The first stage of the collaboration will focus upon CQC’s proprietary quantum compiler, “t|ket>”, providing efficient optimizing and scheduling for instructions sets that are delivered to the quantum hardware. Just as for conventional “classical” computers, compilers convert programming instructions into operations for the processor. Although Google is developing their own compiler, overriding this with procedures from t|ket> will allow both groups to benchmark and test the system under a variety of conditions, likely providing clues on how to enhance performance in both hardware and software.

CQC CEO Ilyas Khan stated, “We are thrilled that Cambridge Quantum Computing is working with Google and look forward to building on this partnership”.

In parallel with the implementation of t|ket>, CQC is working with Google on a collaboration to help develop tools for quantum chemistry, one of the primary applications of quantum computing. While the chemical properties of a large molecule are very difficult for a classical computer to determine, quantum computers are ideally suited for such calculations. With the help of Google, CQC will continue its development and expertise in this area. Eventually such chemical analysis may produce personalized medicine, in which a drug could be designed for an individual based on their genetic profile, maximizing effectiveness while minimizing side effects.

CQC is headquartered in Cambridge, England but maintains an international presence in the United States, and Hong Kong.

About Cambridge Quantum Computing

Established in 2014, Cambridge Quantum Computing (CQC) is a world leading independent quantum computing company combining expertise in Quantum Information Processing, Quantum Technologies, Artificial Intelligence, Quantum Chemistry, Optimisation and Pattern Recognition. CQC design solutions that will benefit from quantum computing even in its earliest forms.

July 18, 2018"

[novicetrade68] 15/10/2019 16:06

Advfn finally got rid off the old TGL epic it seems

[novicetrade68] 15/10/2019 16:05

!FOLLOWFEED

[1399peter] 13/10/2019 10:30

Zzzzzzzzzzz

[1399peter] 14/9/2019 13:12

1) I would like to know how the Ironbridge take-up is going
2) How long Ilyas has been involved (part of)Stanhill Capital
3) Is the CQCL percentage taken by Stanhill for monies loaned, to be given back if the loan is paid off.

[mark10101] 05/9/2019 14:34

Hi HH, yes I saw they intended to delist from AIM but a timely offer may change that. The share holders did not think that would get the 75% votes needed to carry that motion through.

Your option looks a good one, let’s hope the company has an aspiration to come back soon. I have been watching Ilyas Khans recent presentations and all seems to be getting exciting in the cryptography space.

[hedgehog 100] 05/9/2019 13:46

Thanks Mark,

But MOS yesterday announced its intention to delist from AIM:

04/09/2019 07:00 UKREG Mobile Streams plc Proposed Cancellation & Notice of General Meeting

"Mobile Streams plc (AIM: MOS) today announces its intention to seek Shareholder approval for the cancellation of admission of its ordinary shares to trading on AIM (the "Cancellation"), re-registration as a private limited company and adoption of new articles of association.

A circular will be published and posted to Shareholders today setting out the background to and the reasons for the Cancellation and the implications for the Company's Shareholders ("Circular"). The Circular will also contain a notice convening a general meeting of the Company ("General Meeting") at which Shareholders are invited to consider the proposed Cancellation, re-registration as a private limited company ("Re-registration") and adoption of new articles of association (together, the "Resolutions").

The Directors consider these proposals to be in the best interest of Company and its Shareholders as a whole after considering, amongst other things, it is unlikely that the Company will successfully complete a public markets transaction, the scale of the business is no longer appropriate for that of a publicly quoted company and the costs of maintaining trading in the Ordinary Shares on AIM and intend to vote in favour of the Resolutions at the General Meeting.

The Cancellation Resolution is conditional, pursuant to Rule 41 of the AIM Rules, upon the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy) at the General Meeting. Should Cancellation be approved by Shareholders, the Company intends to put in place a matched bargain settlement facility with BritDAQ Limited which should facilitate Shareholders buying and selling Ordinary Shares on a matched bargain basis following Cancellation.

The General Meeting of the Company will be held at 9 a.m. on 30 September 2019 at the offices of N+1 Singer, 1 Bartholomew Lane, London, EC2N 2AX."




MILA though could potentially fit the bill.

A main market investment shell, with a current market cap. of just £354K. at 1.525p, and with £573K. of cash at the interim period end (interim results 29.3.19).






29/03/2019 07:00 UK Regulatory (RNS & others) Mila Resources PLC Interim Results
" ... We recently mutually terminated a proposed reverse takeover of Capital Metals Limited, however we continue to see a strong flow of potential Acquisition opportunities. The Board of Directors, together with the Company's advisers, are constantly evaluating these opportunities to ensure that we secure and execute the right transaction.
I look forward to reporting our progress to you over the coming the months. ... "