Tomco Energy Share Discussion Threads

[talais] 19/4/2024 08:06

Something positive happening,

[haggismchaggis] 19/4/2024 07:51

See the Quadrise announcement today regarding Valkor funding and drilling next week. This should bode well (LOL!) for TOM getting it's funding, as it will prove up the oil.

[rmart] 19/4/2024 07:50

Valkor funding completed, tomco next ?

[fenners66] 18/4/2024 21:20

"BungeeTrader
18 Apr '24 - 17:28 - 31359 of 31359
I hope to hell that they know more than the current share price is telling us......."

They may think they do.
But I guess so did the guy at Reform Energy that JP managed to sweet talk into losing a packet.
Even the wording from their accounts was very very similar as this POS.

[bungeetrader] 18/4/2024 17:28

I hope to hell that they know more than the current share price is telling us.......

[1dutchman] 18/4/2024 15:51

The other thread reports Matt Jones and Jon Mathias together holding almost 20%. Both directors at Vale Consultancy (Structural Engineers)in Wales as reported on the LSE thread.
hxxps://www.linkedin.com/in/matt-jones-92162923/
hxxps://www.linkedin.com/in/jon-mathias-57a64923/
Jones also follows the Salt Lake City Tribune, which adds credibility to the Utah interest. He also follows Quadrise (surprise, surprise). Jones apparently hasn't added to holdings lately (or not yet reported) but his colleague has picked up 5% at these low prices. The gamblers might hope that this dynamic duo have alternative plans, now that they effectively control the board. But the interest in Quadrise must squelch that hope as we know that plans for getting oil out of the ground in Vernal is a distant prospect. Curiouser and curiouser.

[rmart] 18/4/2024 15:00

Our 2 largest business connected shareholders now hold almost 20%

Matt Jones - 537,033,065 - 13.76%
J Mathias - 223,162,222 - 5.72%

[the diddymen] 18/4/2024 14:42

Fenners, another company which some members of the other thread were involved with was CICC. Not the bona fide Chinese CICC. The company was delisted some years back. Most of the assets appear to have disappeared or never existed. It is not even clear that CICC have a shareholder register. Shareholders have been left in limbo and I suspect are unable to crystalise CGT losses.

The difference with TOM is that the most likely scenario is insolvency within the next couple of months, and that will at least generate CGT losses. The highly unlikely alternative option is a placing which will obliterate existing shareholders.

TOM is only marginally better than CICC.

[fenners66] 18/4/2024 13:10

How much money did TOM pay to Petroteq directly or indirectly to use CORT?

PQE is now delisted and their website's latest reported financial results are 2 years old.
Seems they do not believe they have any obligations to share holders now...

Now are the gamblers fans of the Who ?

Won't get fooled again ?

[the diddymen] 17/4/2024 10:27

.....not that they do trading in their narrative!

[1dutchman] 17/4/2024 09:33

How long do we estimate before the cupboards are bare? We know from the last raise that much was used to pay overdue bills (and salaries) rather than be available for forward spending. If they take it to the edge again this time, is there likely to be exposure for the Board?

[the diddymen] 16/4/2024 11:00

Fenners the current trading pattern is not normal. We know that they are into W-8 before they have to have cash for survival. My punt is that we are seeing the last attempt by the broker to generate activity to price a placing, but as you point out if there are no buyers, you cannot place shares.

Any punter buying in at these prices will be shafted in pretty short order.

[fenners66] 16/4/2024 09:47

Who would put up the £500k ?
They would not be able to offload them.

I see 15m just got sold

But the £1 buyer is still there trying to spend next week's pocket money.....

[the diddymen] 16/4/2024 09:31

Another day of strange trading. Fantastic opportunity to take cash out before the inevitable. It may crystalise losses but cash is better than confetti.

What do you reckon Reichy, 2.5Bn shares to add to the 3.9Bn existing to raise £500k at the moment?

[the diddymen] 15/4/2024 13:40

Reichy, I don't think so. Take a look at your post of 16/08/22 (post number 15233). Only down 90%+ since then. You will be aware that the Board have advised that they must raise more cash - TOM's recent accounts were qualified to that effect.

#placingorbust


rmart15 Apr '24 - 12:44 - 31357 of 31357
0 1 0
ooopps, the dark side are worried, so they bring out the 'placing' word. lol.

[rmart] 15/4/2024 12:44

ooopps, the dark side are worried, so they bring out the 'placing' word. lol.

[the diddymen] 15/4/2024 12:40

If history is anything to go by on AIM, it looks as if this volume might be a precursor to a placing (which will be deeply discounted). On the other hand it may be another Jonny.

Bottom line for shareholders is grab the opportunity and convert your confetti to cash.

[haggismchaggis] 15/4/2024 12:35

Latest buy at 0.4 which is where it was before the drop last week.

[goulding1215] 15/4/2024 12:24

I don’t think the new buyer is the singer!I think he might be American though. Works for Amazon? Good sign. Come on Tom. aimho.

[bungeetrader] 15/4/2024 11:38

Yeah, I see the 70m at 0.033 but there's another trade just after it for 77m at 0.03???
Showing on ADVFN trades list (never to be relied on I suppose!)

[rmart] 15/4/2024 11:32

Bungee the trade was at .033

[rmart] 15/4/2024 11:30

must be a buy. you could not sell at .033 for 1m never mind 70m.

[rmart] 15/4/2024 11:26

well someone is loading up. wonder why?