Tomco Energy Share Discussion Threads

[usernametony] 04/1/2023 14:41

I think you have hit the nail on the head there Stuart :-)

[the diddymen] 04/1/2023 14:39

Stuart

I think the licence will be next. It does not directly involve TOM, but moves TOM on from the 30th car crash. It allows TOM to regain control of the agenda.

I almost added a sentence on the disposal of a % of Greenfield, but it gets too complicated. If there is a deal then the first question is 'what is the guaranteed element of income from the arrangement for shareholders?' In this speculated deal there is plenty of scope to put any outcome for TOM shareholders on hold for years.

TOM have to raise the 90% of TSHII by 28 Feb and someone will have to directly/indirectly lend the cash. Whoever finances the project will be very focussed on the value they are acquiring. It is a big ask.

[stuart little] 04/1/2023 14:11

And they would be taking a majority stake in it for funding the upcoming costs. TSH2s current large mining permit, resources and infrastructure should not be overlooked imo.

[stuart little] 04/1/2023 14:08

Any deal will clearly cover the outstanding debts, ie Valkor loan and purchase of TSH2. As per previous rns there will be no further dilution or liabilities to tomco. Who would buy GF? No idea but hopefully they will have deep pockets. .We will never agree on the value of Ts2 land. I still believe it is a very good deal, You, by comparing it with something not as good, don't.

[fenners66] 04/1/2023 13:59

50% of Greenfield , will have cost zero , because of the disposal rather than funds for a CORT plant.
50% of Greenfield's "cost " was spent on PQE's plant and is not owned or rented its merely gone and is NOT ( per PQE fund raise blurb ) even commercial - so seriously effectively worthless.

Aside from that Greenfield have liabilities - approaching $1.5 to Valkor and "potential" for a 10% interest in TSHII together with a much cheaper lease....but currently no takers.

Now you may say there is an agreement in principal for a 3rd party to operate on TSHII but TSHII has been up for sale for 7 years , TOM reached the end of its option period and TSHII have not accepted any offer from anyone else so have extended the option - says no one else was interested in buying.

At this stage you could estimate the equity in Greenfield to be negatively valued not positive.
So who on earth would want to buy it ?

[stuart little] 04/1/2023 13:35

Hi Diddy,I'll counter that with the next RNS being a proposal put to shareholders for the disposal of a percentage of Greenfield in return for a cash payment and continued equity in 2 projects, with no further liabilities for tomco. The other members of the JV funding 2 plants and 12 wells. All the best for 2023.

[the diddymen] 04/1/2023 13:24

Next RNS will probably cover the third party licencing. Not relevant if TOM cannot raise funds. Cheaper for the third party to purchase out of insolvency - unless they are on their uppers. But don't let a few facts get in the way of a good narrative.

[thesageofsaint] 03/1/2023 21:10

Happy new year inmates!

[rmart] 03/1/2023 20:57

Nothing more than expected, fenners66 and lopodop rising to the bait.

[lopodop] 03/1/2023 19:06

RMART
Of course there remains same old chestnut, Groat and co do not buy in so why on earth should anyone else. Leave it to the Marts, Damacs and Littles etc - can you not hear the euphoric laughter at your expense. But you are keeping people in jobs so in effect you are philanthropists - well done you deserve commendation. One day someone may thank you.

[lopodop] 03/1/2023 15:43

RMART
TOM has issued caveats with regular monotony. You and others chose to ignore these.
The wise have moved on to more fertile investments. What else is there to say?

[fenners66] 03/1/2023 15:15

Even stacking shelves at Aldi for an hour - would earn more than this company has in a decade...

and most likely more than this company will in its entire life....

[rmart] 03/1/2023 15:13

Strangely quiet here today after the constant posting over the holiday. Maybe they are all back stacking shelves at Aldi today?

Or maybe they have the sniff of a deal coming and are furious?

[goulding1215] 03/1/2023 10:55

Best Buy you have made this year Rmart!

[rmart] 03/1/2023 09:57

ha ha, yes a few but not 18m ! wish they were all mine though.

[jaynealex] 03/1/2023 09:35

C'mon rmart it's probably some of yours at least ..

Happy New Year everyone !!

[vauch] 03/1/2023 08:28

really not surprising at this depressed SP

[rmart] 03/1/2023 08:21

Interesting buys this morning.

[lopodop] 02/1/2023 14:50

HARL issued a disappointing RNS on Friday which makes 2 for Groat if one includes TOM’s.
Groat as chairman of both entities must be feeling rather shaken by this turn of events so he is going to have to pull out all stops in order to safeguard both his reputation and the futures of both enterprises.
This is the trouble if one takes on too many directorships and by look of things he is a very involved chairman at HARL so he may decide to give up on TOM.

[lopodop] 01/1/2023 09:40

MURPHYL
Incidentally take a look at HARL if you have the time - what do TOM and HARL have in common? May explain the rather curt RNS's.
Also consider any possible synergy which could be exploited, admittedly a long shot; nevertheless TOM does seem to have dreamers' characteristics so why not dream 'big' instead of making nonsensical remarks as you stalk around this board.

[lopodop] 01/1/2023 09:27

MURPHLYL
A very happy New Year to you and all contributors hereabout.

[murphyl] 31/12/2022 22:14

lopodop. 19 posts on TOMCO.in the last two days. I believe you own zero shares in Tomco.Why do spend so much time on this board . Do you anything else to do in your miserable life.Get help.

[lopodop] 31/12/2022 22:05

Danmart2
Absolutely. There is nothing of substance in the shop window and the Board offer nothing except uncertainty.
That is why Groat should hand over to someone with expertise to explore what value if any is or isn’t attributed to Tom.
The directors have lost their way and investors have lost faith.

[danmart2] 31/12/2022 20:18

1 question, the same question that should apply to anyone investing in a company.

What good reasons are there to invest in TOMCO at this stage?

I can’t think of any

[talais] 31/12/2022 08:58

Yes full approval granted, then the drilling will start, that's when it will get interesting,