Tomco Energy Share Discussion Threads

[rmart] 22/12/2020 10:05

yep, .4006 to sell, one sell at 0.39 already.

[ducky fuzz] 22/12/2020 09:41

0.408p trades are buys.

[rmart] 21/12/2020 20:47

Ducky, Stuart has had a go at me for yrs, I am fully aware I now wind him up. No idea on rns I’m afraid, I am after break even at the moment. GL.

[ducky fuzz] 21/12/2020 20:33

rmart .. you probably aren't aware but you do really wind people up sometimes.

Thanks for your good wishes on RMS. What sort of get out price should
I aim for on RMS.

[rmart] 21/12/2020 20:31

You get very upset easily these days Stuart?

[rmart] 21/12/2020 20:30

Good luck ducky , hope you get a decent profit.

[ducky fuzz] 21/12/2020 20:05

Hi rmart .. I bought 100k RMS at 1.2844p today. Hope to make some quick money, sell and then buy some more TOMco.

PS .. As you know my punts always suck so I'd sell your RMS quick. DF

[wilson2] 21/12/2020 19:40

Love the friendly banter from Stuart Little and rmart,And all this a few days before Christmas, all the best stay safe

[stuart little] 21/12/2020 19:27

Firstly I will apologise about the element of gloating. I certainly don't wish you to lose money, however I wish you would f@ck off with the 'chip on the shoulder' sly digs here. You lost out on a placing, ok get over it. You suggested to ducky to check RMS share price in feb, well I think the same applies here. Much will have happened. See you then. Stay safe.

[wilson2] 21/12/2020 19:02

Health and safety shut down BP and Shell oil producers because of Covid 19 .You believe what you want ducky, but you are still been shafted

[rmart] 21/12/2020 19:02

hi Stu, just back from a weekend away, nice to see your comments lol :-)

All ok here, still living, covid free, all that matters really.

Averaged down today on RMS, yes, a complete kick in the nuts that bent placing but I still think I will be ok although I need 1.9 now :-(

Much like ducky here but a lot less to recover.

Take Care, its all banter at the end of the day. Tom nearly managed to get into the 0.3s today, maybe tomorrow eh ?

[ducky fuzz] 21/12/2020 18:20

DATES ..

JANUARY

4TH JAN .. "The full restart process, which was due to be completed this week, has suffered an interruption due to Covid-19 related restrictions placed on the mining permitting authority. As a result, the Mine Safety and Health Administration ("MSHA") operating plan won't be released before 21 December 2020, so Greenfield has now decided to delay the full restart of the POSP until 4 January 2021 to enable an efficient start up, avoiding the need for an almost immediate Christmas / New Year holiday period shut down."

18TH JAN .. FULL RESART PROCESS FINISHED.

Oil samples sent to Quadrise for analysis.

Commencement of third-party verification.

Confirmation that production is being ramped up.

Commencement of MSAR on-site trial.

News on suitable site for 10k plant. - Although it will be nice news that they have secured a suitable site with the required resources in the ground, in some respects this news will be somewhat irrelevant until funding is secured and a 10k plant is built and processing the resource. The resource may be in the ground but it is worthless until it is extracted in a commercially viable manner.

Completion of third-party verification. - Critical that plant capability verification is achieved.

Completion of MSAR on-site trial. - Would be nice to have a good conclusion to this early on but not disastrous if MSAR is shown to be not as effective as claimed. Greenfield would need to find another suitable method of refining the end product (if that is how the choose to proceed) but they would have time to achieve this as it would be some time before a suitable technology is actually implemented into the construction timeline of the 10k plant.

[thesageofsaint] 21/12/2020 14:43

I agree, it is way too high. £6m valuation on a whimsical story, that is already coming apart in front of you. They all do, just need time.

The POSP upgrade and the end of the trial should have been complete by now against the timings issued at the July RNS and related placing. 3 months plus 4 to 6 weeks trial take you mid Nov. Anyway, pointless me writing anymore to let you know you are all destined for total wipeout. Believing in this hype is like trusting your government. But likely most of you here are applauding the brave actions to halt the spread of this year’s common cold. Fools the lot of ya!!!

[ducky fuzz] 18/12/2020 12:13

Seems to be more buying than selling. DF

[damac] 18/12/2020 11:54

Or reading Stuart and Fishyneck's interpretations above, I agree it could be read as new Covid-19 restrictions that have to now be incorporated into the Operating Plan.

Either way, nothing to be concerned about.

[damac] 18/12/2020 11:43

jaynealex #16907


Reading it again...

"The full restart process, which was due to be completed this week, has suffered an interruption due to Covid-19 related restrictions placed on the mining permitting authority. As a result, the Mine Safety and Health Administration ("MSHA") operating plan won't be released before 21 December 2020, so Greenfield has now decided to delay the full restart of the POSP until 4 January 2021 to enable an efficient start up, avoiding the need for an almost immediate Christmas / New Year holiday period shut down."


The above tells me that the Mine Safety and Health Administration (MSHA) had told Greenfield that they would apply the Operating Plan (to allow them to recommence mining I assume) in conjunction with the 'full restart' programme to ensure there would be no delays to the works commencing.

Greenfield have started the 'full restart' process as scheduled but MSHA have now thrown a spanner in the works by saying that due to Covid-19 issues in their department there will be a delay to issuing the Operating Plan giving Greenfield the headache of 'What do we do? Do we wait and see if we get the Operating Plan on the 22nd and start up but then switch off again on the 23rd/24th for the festive break, or do we just stand everyone down and just do the full start up on the 4th January?

Why has the MSHA operating Plan not been mentioned before? Probably because there was one in place when the plant was previously running so everybody including MSHA were not concerned with the Operating Plan being applied as it would be straight forward in terms of issuing it. MSHA however did not foresee Covid-19 giving them in-house staffing problems.

So overall, a delay that was caused entirely by a third party and in the grand scheme of things non-damaging to the project.

[goulding1215] 18/12/2020 11:38

Thanks Fn.

[jaynealex] 18/12/2020 11:35

Ok I feel more relaxed now , thanks for the input everyone

[shaunx] 18/12/2020 11:28

I don't see it as a new or addition to permit rather an H&S check on current operation procedures pre startup which requires sign off.

[vauch] 18/12/2020 11:18

GWMO are going for first gold in two weeks.

[fishyneck] 18/12/2020 11:17

I wasn't looking for, or indeed needing any reassurance. Simply adding a comment on the assumption that this was an issue with a new permit.

It is what these boards were designed for.

All the best,

[ducky fuzz] 18/12/2020 11:13

Hi Fn .. I was just going to say that. :-)

Well I dodged a bullet today, if I'd had cash I'd certainly have bought some RMS some time ago.

One of the advantages of being poor.

[thesageofsaint] 18/12/2020 11:08

You have all suitably reassured yourselves. Nothing to see here!!