Tomco Energy Share Discussion Threads

[damac] 05/3/2021 07:33

It states in the Petroteq letter above (dated 25th February) that:

“Commissioning of the plant is now nearing completion and we hope to begin the demonstration phase immediately thereafter. It is expected that the demonstration will run 4-6 months”.


The demonstration they talk about above is Petroteq demonstrating the the ore they have hauled from their previous location being processed through the upgraded POSP. They have hauled it because they are running out of suitable ore at their current Temple Mountain Mine location.

Greenfield are ALREADY processing the ore from the site they are looking at. Petroteq will process their Tar Sands II ore once Greenfield are finished doing what they need to do with POSP.

[stuart little] 05/3/2021 07:14

This is simply an annual retainer fee of $500 for the already issued permit, payable by Tar Sands. Could be related to Greenfield I guess.

[damac] 05/3/2021 07:10

BusaMitch,

I read that as being Petroteq’s plans to continue their operations on Asphalt Ridge. I don’t see it as being relevant to Greenfield.

The site that Greenfield are looking at already has a Large Mining Permit in place so there is no reason for Greenfield to be applying for any permits.

[busamitch] 05/3/2021 04:08

Tar Sands II being the rumoured new site.....with the higher quality ore

[lopodop] 04/3/2021 17:36

Apologies - yes. So if John Potter was here for a couple of weeks late February returning this week, then the Board should know the exact position as of now in which case an RNS should be in immediate prospect to confirm or otherwise.

[damac] 04/3/2021 17:18

If you are referring to me, I don’t know. That would be price sensitive information that would have to be released via an RNS.

[lopodop] 04/3/2021 17:02

Good to know that someone knows what is happening and thank you. Has 250bopd target been reached as was anticipated please?

[hotfinance14] 04/3/2021 17:01

It was Quadrise that mentioned Q121 so hopefuly soon then.

[damac] 04/3/2021 16:53

JP returned to the UK mid February and after a brief 2 weeks with his family returned to Utah on Monday of this week.

Nothing price sensitive in the above so no need for the company to publicly announce the travel itineraries of Directors but if it helps some people sleep at night, there you go.

[busamitch] 04/3/2021 16:49

"Ore-processing began on 10t January 2021 and the POSP operations will be optimised with the target of producing 250 bopd per single shift during February 2021.

We expect the FEED to be completed in Q1 2021 following third-party verification works. A potential site on which to build Greenfield's first 10,000 bopd plant has been identified and is being assessed which includes a pre-existing Large Mining Permit and suitable site infrastructure to enable construction to commence swiftly once funding has been secured."

[hotfinance14] 04/3/2021 16:43

Did they not state Q121 in the last communication ?

[lopodop] 04/3/2021 16:32

Precisely! No excuses Mr Groat CHARTERED ACCOUNTANT.

[vauch] 04/3/2021 16:30

Time line was end of February

[lopodop] 04/3/2021 16:29

Do you not think you should be told a timescale or are you prepared to be left in ignorance. Do shareholders know who is on the ground at this moment - has John Potter returned - if so who is looking after Tomco's interests - the Board in London via phone?
Whether it is tomorrow or in a month's time shareholders should be informed. Very worst case could be that the Board do not know what the position is now.

[vauch] 04/3/2021 16:23

Not so sure about in hours more like another month or two

[hotfinance14] 04/3/2021 16:13

I would hope it is hours but I am expectong weeks.

[damac] 04/3/2021 15:28

hotfinance,

I would think we are in the ‘hours’ rather than ‘weeks’ range.

[hotfinance14] 04/3/2021 13:30

The share price will stabalise around 0.44 to 0.45 IMHO until we have news in a few weeks.

[lopodop] 04/3/2021 12:33

The share price appears to be slipping. The chairman needs to act. That's his job.

[lopodop] 04/3/2021 10:18

Many will agree with you that a lot of AIM BUSINESSES should be closed down and not just AIM. But it takes people off the streets and reduces state dependency.

Audits are tame and liquidation processes avoidable. So it is win win for those on this ride.

Let's wait for the outcome before you preach any further.

[thesageofsaint] 04/3/2021 10:17

Sorry missed your ps, which was a piece of irony that I do not understand its applicability to me or the scenario. He is just another establishment shill like all the rest that we have elevated because of the their uniforms, titles or status. They all express fake humility and selflessness, but are the same corrupted and limited humans like all of us. Just the majority give them unwarranted and dangerously naive deference. Seems like everyone wants to be a serf. The willingness to succumb to and happily accept this subordination is unfathomable to me. But maybe I have circled the question back to a relevant point. You all put your CEO in a position of unwarranted deference. He is like everyone else, in it for himself. Why would it be otherwise? If buying shares in TOM would make him rich he would. You can finish the corollary.

[thesageofsaint] 04/3/2021 10:02

We all are responsible for the decisions we make in life and that includes what shares you buy. I post on here only to expose the logical counterpoint to the otherwise unchecked and dangerously false hype that many post. There are many who have wasted money in this share purely because of the hype and lies on this board. Serial deceivers such as Rmart and others who know who they are, are the real villains here. Their deceit and unchallenged hype is what I am simply exposing. Hopefully some who read will be deterred from the snared trap of handing over money for TOM confetti. This and many other AIM shells should be delisted. It is just a scam, which many on here give credibility to and perpetuate the losses of so many. But as is the way, castigate and malign those who speak the truth against the narrative. The pain you allude to is another example of swallowing the poisoned bait of the narrrative. .

[lopodop] 04/3/2021 09:29

The points you make over directors have rightly resonated here and elsewhere. Generally investing in these sorts of operations is a mug's game because the Boards consist of inexperienced individuals, mind you same could be said of much larger companies.
But let's see who is right and investors will find out this month. Then you can either have a big laugh or depart to other boards and work your magic.
Whatever you say this is causing investors a great deal of adrenalin rush in what is a very sad time for many many people.
Go in peace.
Ps are you Justin Welby or a member of his establishment?