Well past performance is a pretty good reason. With luck Groat will get sanctioned with the investigation into misapplication of funds at H&W. As to a chill pill, perhaps wee jock should apply the same plan with his / her copy and paste button. |
That was so desperate yesterday
Somone buying 25m shares to try and start a market - thinking that would be enough to persuade the followers
only to sell them at a loss before the close.
Looks like another £2500 lost on top of the rest....
LOL |
Norfolk, he thinks it will do well, with figures to justify. Yours is just an opinion with nothing to back it up, apart from past performance. However they have changed tack for something more sensible. It is just opinions. Take a chill pill. |
 Well, this makes my day. (Yes, I know, I really need to get out more). But I am so pleased to learn that the TOM entertainment channel is once again up and running. First off, kudos to you Fenners for continuing to warn any new punters about this company. There is no business and there never will be unless there is a reverse into a company with a new board. For all of those who are still hanging onto the potential for TOM to land an agreement with Valkor, note that the "good faith" lingo in the last RNS applies to Valkor, not TOM. In other words, Valkor was talked into allowing that statement to be put into the previous RNS so as to buy some time for the board. There will be no agreement because TOM has nothing to offer. There's not even a CEO to negotiate an agreement. I also note that today's accounts make no mention of one (or all) of the board starting to collect fees as a consultant. I suppose that won't show up until next year's accounts when the company and the board will be history. But know that the board has just lined their pockets with £10-15k each in 'deferred compensation'. And I will wager that next year's accounts will show that at least one of them is being paid to manage the company through to its demise. I am usually happy that we Brits aren't as litigious as our friends across the pond. But I do sometimes wish that someone would pursue these tin pot boards for their fraudulent activities. AIM would disappear overnight. |
True Fenners..
whilst i can't stand AIM, i've taken a decent punt on PANR, webinar last night sounded great, IF they can deliver, could be a good punt..
I'm still just trading LLoy on Fib charting.. some days it's good and I make a few hundred, other days flat and in front of screen all day for no return.. hope you are well .. not been over on the AHT thread for a while, hope Bracke and DiscoDave are still doing well.. |
Sooo desperate
Net assets on that balance sheet 6 months ago £5707
Now take off the £800k of losses to date £4907
Now take off the intangibles -£4525 why not impaired to zero yet ?
And left with £382 which would be mostly cash at the moment....
Keep trying |
 Based on the Assets, Tax Losses and Cash, TOM should be 3x or even 5x the current Market Cap..Valkor have successfully drilled heavy oil wells right next door. If TOM join up with Valkor on it's wells, or get Valkor to drill the same type of unitized wells on TOM's land, the Market Cap of TOM would then be an eye watering increase from today's £1.17m..Cash for at least 12 months: "As announced on 14 August 2024, and as subsequently approved by the Company's shareholders at a duly convened general meeting held on 9 September 2024, the Company has recently completed the redemption of Greenfield's 10% membership interest in TSHII in return for aggregate consideration of US$1.575 million (approximately £1.234 million) before expenses. Pursuant to the Group's cash flow forecasts for the period to 30 September 2025, the net proceeds of the redemption, following settlement of the Group's pre-existing trade creditors and deferred Directors' salaries, are currently expected to provide sufficient working capital for the Group to remain as a going concern for at least twelve months from the date of publication of these interim results, based on the Board's currently anticipated and forecast outgoings." .Loss for 6 months £633k.NET Assets £5,707,000."The Group has tax losses in respect of excess management expenses of approximately GBP15 million available for offset against future Company income. This gives rise to a potential deferred tax asset at the reporting date of GBP3.75 million".Market Cap £1.17m."Alongside the tar sands development project, and subject to raising the requisite additional funding in due course, the Company also intends to pursue the potential drilling of production wells in in situ oil sands on the Lease Area as a means of generating revenue and cashflow for the Group, as it currently has no producing or revenue generating assets"."In summary, we remain hopeful of making progress and reducing the level of uncertainty in the short term as we continue work on a number of fronts" |
Based on the Assets, Tax Losses and Cash, TOM should be 3x or even 5x the current Market Cap..Valkor have successfully drilled heavy oil wells right next door. If TOM join up with Valkor on it's wells, or get Valkor to drill the same type of unitized wells on TOM's land, the Market Cap of TOM would then be an eye watering increase from today's £1.17m..Cash for at least 12 months: "As announced on 14 August 2024, and as subsequently approved by the Company's shareholders at a duly convened general meeting held on 9 September 2024, the Company has recently completed the redemption of Greenfield's 10% membership interest in TSHII in return for aggregate consideration of US$1.575 million (approximately £1.234 million) before expenses. Pursuant to the Group's cash flow forecasts for the period to 30 September 2025, the net proceeds of the redemption, following settlement of the Group's pre-existing trade creditors and deferred Directors' salaries, are currently expected to provide sufficient working capital for the Group to remain as a going concern for at least twelve months from the date of publication of these interim results, based on the Board's currently anticipated and forecast outgoings." .Loss for 6 months £633k.NET Assets £5,707,000."The Group has tax losses in respect of excess management expenses of approximately GBP15 million available for offset against future Company income. This gives rise to a potential deferred tax asset at the reporting date of GBP3.75 million".Market Cap £1.17m."Alongside the tar sands development project, and subject to raising the requisite additional funding in due course, the Company also intends to pursue the potential drilling of production wells in in situ oil sands on the Lease Area as a means of generating revenue and cashflow for the Group, as it currently has no producing or revenue generating assets"."In summary, we remain hopeful of making progress and reducing the level of uncertainty in the short term as we continue work on a number of fronts" |
And Groat is supposed to be an accountant ? |
As for the approximate proceeds see note 9 how appalling is that ?
They are using a $/£ exchange rate of $1.276 its over $1.32 today and has not been as low as $1.276 for over a month
Shocking lack of attention to any detail. |
Have you read these ....accounts ?
There is no trading
only balance sheet and expenses.
The accounts are 6 months old
All the comparisons were already on the spreadsheet
All the templates were already there too
The Cash flow will be linked and self populate.
The notes as well
I have seen sole traders accounts more complicated !
Yes these very simple , unaudited and not reviewed accounts could be done in a day.
Even the preamble was mostly a cut and paste. |
Knocked together in a day...now you're talking absolute nonsense. Clear as day deramper! |
You are conveniently forgetting they had no cash to pay the last 6 months costs - so that amount is burned even before they get it - remember without the cash they could not even produce a set of UNAUDITED interim accounts, which could be knocked together in a day ! |
Tax losses are ringfenced - this company has no business and therefore its difficult to justify in any way the losses can be offset against the same business.
No one has been interested in the losses for the last 14 years why should they start now ?
How far are you underwater haggis - you sound really desperate for an exit... |
Market Cap today GBP1.07m.Cash coming in GBP1.13m, more than the Market Cap, plus, in the results RNS of 28 June:."The Group has tax losses in respect of excess management expenses of approximately GBP15 million available for offset against future Company income. This gives rise to a potential deferred tax asset at the reporting date of GBP3.75 million".So if a reverse takeover was to still happen, the price at takeover should be multiples of the current, based on cash plus future tax offsets of GBP15m..Based only on the Net Asset Value of GBP1.13m in cash plus GBP3.75m deferred tax asset, the Market Cap should be almost 5x the current and, with farming into Valkor well(s) for a revenue stream you could argue it should be meaningfully higher. |
Wrong.
The accounts say they have at least 12 months worth of cash as they have to say otherwise they would be expecting to trade insolvantly at some point.
But the accounts also said - like in previous years that the Valkor loan was not falling due.
That however has not stopped them making repayments.
The last years cash burn - was whilst they were doing nothing.
I expect them to do the same in the next year too, to make that cash last as long and pay as much directors remuneration as possible - see Groats other appointment above for modus operandi.
But that means they would run out more quickly if Valkor ask them to stump up some costs of drilling - and Valkor are in charge so they either do nothing or run out of cash more quickly with what chance of raising any more after £30.5m of losses and no business or employees or technical skills etc...? |
Is this the first time they have described TSHII as "investments in FVTPL ?
Either way the Loss on disposal of something they never had any prospect
of buying the remaining 90% is going to be....
About £1.19m
Less
Bal Sheet £1.585m
Less
Costs ?
So £393k and rising
Then there is a 6 month loss to the end of Sept say £400k
So looking at nearly £800k loss for the period add that to the £400k in the first half and its another £1.2m +
in a year !
So balance sheet losses to be around £30.6 million
And still no business ! And the gamblers on the other thread will still be grateful ! |
ii - has updated and I can buy. How many do you want? I can flog you some of mine. |
cannot buy -
broker not updated - |
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