Tomco Energy Share Discussion Threads

[thesageofsaint] 18/5/2021 07:28

Those who think they should suspend trading to prevent the pending carnage again do not understand. They know the share price will be decimated either today or in the near future as the facts overtake the sentiment ( remember I told you about this). They care not the price but only that it continues to be a traded equity to enable placings and new chapters (remember I told you about this). It is about salaries and fees not share price and creating equity value for you (remember I told you about this). It will trade today. We will probably see 0.3p or lower today and a new low base formed. They will then have to raise from this base maybe at 0.15p and bang you are all wiped out (remember I told you about this). You believed those who have a vested interest in taking your money and discredited those who have no interest other that exposing the truth. Greed and foolishness got you.

[ducky fuzz] 18/5/2021 07:27

rmart .. I don't think they do it deliberately.

[vauch] 18/5/2021 07:19

If this co makes it to another AGM it wont be a friendly one not on my part any how.

[ducky fuzz] 18/5/2021 07:10

It's a shame that we aren't suspended.

[hotfinance14] 18/5/2021 07:09

That is all we need.Let's hope this is a very short suspension.

[ducky fuzz] 18/5/2021 07:04

Not the update I was hoping for. DF

[ducky fuzz] 18/5/2021 07:04

Greenfield Update

TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, provides the following update in respect of the work being undertaken by Greenfield Energy LLC ("Greenfield"), the Company's 50/50 joint venture with Valkor LLC ("Valkor"), with respect to Petroteq Energy Inc's ("Petroteq") existing oil sands plant at Asphalt Ridge, Utah (the "POSP").

Utah's Division of Oil, Gas and Mining ("DOGM") issued a Cessation Order (the "CO") on 14 May 2021 in respect of the POSP's operations at the Temple Mountain Mine on Permit Number M/47/0089 being operated by Greenfield. The CO alleges that the previously approved operational mining plan is not being followed, specifically stating that the facility is processing material from an off-site source and staging waste products from off-site sources. Greenfield strongly refutes the basis for the issuance of the CO and believes that it has been conducting operations in line with the site's existing permit held by Petroteq and the approved operational plan. Accordingly, Greenfield's legal adviser has formally responded to DOGM requesting they withdraw the CO with immediate effect. As is customary in such situations, a site meeting has been arranged between Greenfield and members of DOGM for today to seek to resolve the matter with a follow-up conference to be held by Friday 21 May 2021 as necessary.

Until such time as the CO is withdrawn, processing and testing operations at the POSP will remain suspended.

[beetroot juice] 17/5/2021 17:42

Lopodop. Nice assessment however you forget one thing.. Re TOMCOs investors. They are widely known as a bunch of MORONS, so no need for a whitewash, just RNS to them that TOMCO is looking for Oil on the Moon.

They will Most certainly think its a prize worth pursuing and buy more.

You need be aware of the Stupidity of a TOMCO investor, they are well known across all Bucket Shop AIM confetti peddlars as being the MUGGIEST of All MUG Punters.

[the diddymen] 17/5/2021 16:40

Glenglad, not that this is a SYME bb, but how can a CEO promise a cracking RNS. He/she might just as well deliver the RNS.

[wilson2] 17/5/2021 16:18

4.989 are buys ,the rest are sells

[ducky fuzz] 17/5/2021 14:18

Online it is 0.485p sell and 0.49p buy for 500k.

So all the sell trades at 0.49p are buys.

[lopodop] 17/5/2021 12:42

Chairman Groach will already have seen how impossible the joint venture has become BUT his priority will be to save his skin and 'reputation'.
He could find an excuse to resign. He could bring the JV to an immediate halt and stop further cash outflow pending re-evaluation of TOM's future. Having trained with a well known firm, he could bring them in at an agreeable fee to carry out an appraisal of the way forward and that might deflect criticism from him. Or he could appoint an administrative receiver to sort out what is left of the company and disappear quietly hoping that any blame will avoid him personally.
Now which option do you think he will take and when? Or will he pay off JP first so the latter carries the can. Whatever happens there are going to be some very unforgiving investors who may not accept a whitewash solution!

[the diddymen] 17/5/2021 11:49

Hints of grim reality starting to appear on the Reichsmart thread.

[thesageofsaint] 17/5/2021 10:31

We don't have any influence on the Board. We only hold a mirror to you and the deluded. Sentiment will influence a share of course but fact will always be the only arbiter of value for a share. The facts here are astoundingly clear, there is no value. What we have is sentiment starting to align to the pending facts. You see, the charade cannot be maintained indefinitely, in the next few weeks facts will have to be outed. They will be sugar coated as best they can, but beneath the thin layer of obfuscating treacle will be the putrid taste of reality. They will try and find a path for another placing, which given history will likely find enough takers through the dirty tactics of bucket shop brokers, new lambs to the slaughter. But for you old mutton heads, you will be be beyond rescue. These words are now starting to trigger you dissonance are they not.

[rmart] 17/5/2021 09:48

BOD once again played right into the hands of ace, sage, lopodop etc etc. Congrats !

[vauch] 16/5/2021 12:55

We will know from the company that is not running the operation first