Tomco Energy Share Discussion Threads

[vauch] 07/5/2021 07:49

Reading QFI twitter post it read that the oil samples are on their way

[vauch] 07/5/2021 07:08

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[rmart] 07/5/2021 06:58

Here is a simple lesson for you ace, I need to keep it simple for you I know.

[goulding1215] 07/5/2021 06:12

Re rmart’s last post, I asked that question to the CEO a few months ago, but was told that he could not answer that question. It would be good for the management to clear up that news-worthy point now that the POSP is operational.

[wilson2] 07/5/2021 00:23

Rmart begone you and never return

[thesageofsaint] 06/5/2021 21:54

Still none of you believers, who insist all is well and no funding is required, are willing to show how my simple cash analysis is flawed. You moan about the morons who are unable to have an objective discussion but when the hand of objectivity is offered to have a proper analysis of this fundamental, nobody is willing. Dear me. Where is the grey beard Fishy when you need him to act as David Dimbleby?

[thesageofsaint] 06/5/2021 21:48

There is none. At best it is wishful thinking at worst just more deception from self serving individuals desperate to try and get out of the disastrous situation their hubris and greed has got them into!

[ducky fuzz] 06/5/2021 21:47

I agree with rmart would love to be proved wrong. DF

[thesageofsaint] 06/5/2021 21:45

Starting to realise that Mr Little is a little more dangerous than perhaps one would assume. He is misleading you all yet again. There is no planned commercial production from this whole year long £4m spend. The RNS have stated only that the POSP across its 6 week trial period would generate 600 barrels and demonstrate 250bopd in a 12 hour shift during a single exceptional peak demonstration period of 12 hours. You are literally being LIED TO. There is no income that will come out of this trial stage, I say again, NO INCOME. The relationship with Petroteq is for the agreed trial period only, which completes on completion of the 6 week trial. Any production thereafter is dependent upon a future agreement that does not exist. Petroteq has a piece of kit that has had @$2m of capex applied and it has not obligations other than to support some future non exclusive license for technical and IP support. Mr Littke, liar liar pants on fire!!!

[rmart] 06/5/2021 21:43

The only pubic knowledge as far as I know is that the plant is being run for the benefit of Petroteq, if anyone can point to official information that says otherwise I would be happy to see the link.

[wilson2] 06/5/2021 19:49

SL, how can you sell something you don't own?

[stuart little] 06/5/2021 18:37

And yes it could add up to a significant amount.

[stuart little] 06/5/2021 18:32

Greenfield said all along they would be 'owning' the plant and producing oil. Why wouldn't they benefit financially from the short term ownership and use of their own ore for production. PQE are on the sidelines until greenfield hand the plant back.

[ducky fuzz] 06/5/2021 18:23

Assuming you are not telling porkies or have been told porkies then surely
this should have been RNS'd.

It would be a significant amount of money. DF

[stuart little] 06/5/2021 18:13

No, there's only me and you that know. Shhhh!

[ducky fuzz] 06/5/2021 18:07

Is this common knowledge. Thanks. DF

[stuart little] 06/5/2021 18:05

Until we hand the plant back, yes.

[ducky fuzz] 06/5/2021 17:52

Hi SL .. But is it ours to sell .. DF

[stuart little] 06/5/2021 17:15

So just at the minimum 250b - 12 hr production greenfield could be generated approx $10,000 a day profit plus the additional byproduct which we believe to be equally as valuable. That's not bad for just the trial stage. Increase production, run for a few months, repay some of Tomco's loans. Working cap through to plant construction sorted.

[wilson2] 06/5/2021 16:14

Bit harsh kingpin, I think he may have sold out again