Tomco Energy Share Discussion Threads

[stuart little] 12/6/2021 15:19

Hollow head and fat wallet from my tomco .4 purchases. Loving life. Get yourself some more midget gems son.

[rmart] 12/6/2021 15:17

Sage you are losing, time run along, good boy, Tom is on the rise with a great business opportunity.

[thesageofsaint] 12/6/2021 15:15

You are beyond help. You clearly are a bit hollow in the head!

[stuart little] 12/6/2021 15:10

Most of the garbage you write.

[thesageofsaint] 12/6/2021 15:01

What on earth do you not understand!

[stuart little] 12/6/2021 14:54

Go and agree a license and build one. There isn't only one plant allowed in Utah. What an idiotic statement.

[thesageofsaint] 12/6/2021 14:48

Furthermore, this nonsense from Stupot and other delusionals that some alphabet soup of corporate action is on the cards is plainly the noise of head banging on the walls of the asylum. I do honestly not know what to write anymore to try and make you understand that no business that has no assets, no intellectual property, no employees and no revenue will be seen as a business that will command a penny never mind £10m market cap or indeed beyond. It's £10m overpriced and you think there is value in this nonsense. Let's just pretend that this 'trial' shows a new commercially viable oil extraction method and I want to build a plant. I just go to Petroteq negotiate a price to build one under a licence agreement and off I go. Where the fxck does TOM enter the consideration? It does not it has no value.

[thesageofsaint] 12/6/2021 14:37

Old fishy fingers you make me smile. '...what a good bit of business...' nearly choked on a midget gem! Firstly, for all those with no experience (which is all of you so listen up) you do not agree a binding price and pay a non-refundable deposit BEFORE you enter into due diligence pending a potential purchase. That they did this and then wrote an RNS that suggested it was a sensible plan is akin to dancing in front of you in a clown's outfit singing the muppet song. It simply is another ruse to extend the funding cycle for another 18 months. The 'trial' (in '' like the 'pandemic' is referred to by non sheep) will end and then there is a hiatus of messaging. This land 'negotiation' primes the pump for the next 12 months or so as justification for existence and why they will need the cash raise they are preparing in the next few weeks. You will all suck it up as your break even moves yet further over the horizon.

[rmart] 12/6/2021 14:11

And another from yesterday

‘Worlds First Oilsands without Tailings Ponds!

• In Sustained Production

[rmart] 12/6/2021 14:09

Tweeted by Petroteq today

‘First Oil Sales from Asphalt Ridge after Plant Mods & Consistent Production’

CONSISTENT PRODUCTION! That is a great statement.

[ducky fuzz] 12/6/2021 14:03

If we get above 1p the warrants will kick in and TOMco will have 5 million smackers.

[rmart] 12/6/2021 13:59

Just 1 moany thing! If the bod were more proactive the share price would have been well north of a penny already.

With the news that is due, if they listen for once!, we will be far above a penny.

[lopodop] 12/6/2021 13:41

Consider also why the non execs have no investment other than options.

Are they in for a short term result and then they move on. Otherwise they could be waiting years for nothing if TOM fails with all the personal risk and hassle.

Why was Castro brought in - to find funding or possibly to advise that it is not feasible at this stage of the game for many reasons.

How long is JP going to hang on in Utah. What is there for him to do full time?
He may relish a fast exit with some cash on top of a payoff.

We hear little from JP and nothing from the non execs. Something may be up already!

And finally the non execs may realise that they cannot oversee an operation in Utah unless they are there and they are therefore wasting their time and investors' cash. They do not share the passionate dreams of their paymasters.

[wilson2] 12/6/2021 12:57

Can we go back to January this year when you were all ramping on about the 250 barrels and 500 barrels per day we were going to produce.What happened?In six months they've produced 40 tons of sand and 250 barrels of tar

[lopodop] 12/6/2021 12:54

Highly laudable Damac but unfortunately hypothetical. As structured TOM itself does not have the resources to succeed. It's all ifs and buts.

Really the best thing will be for MG to get shot of TOM's direct involvement in GF and aim for ? per share via Petroteq or some stronger player if the support evidence is sound.

Certainly Valkor and Petroteq should be attracted to taking the TOM 50% which could involve an element of deferred consideration.

[fishyneck] 12/6/2021 12:43

A rights issue would be a great way forward to reward existing shareholders. Ultimately though a 100m share placing would be fed through the market in no time, we’ve had 100m days recently. There should be no need for ‘sweetenerR17; warrants at this stage of the project. Leaving the company in a clear, fully funded journey to it’s plant construction.

Just to be clear I’m not expecting a placing in the short term but it has to be considered along the way with the understanding it doesn’t have to be ultra dilutive or problematic. I agree with Damac that we should have some decent news flow before any such raise might be considered.

Fn.

[damac] 12/6/2021 12:18

Good points raised Fishy.

I asked folk on here the other day to consider the potential savings alone from non-payment of royalties to any landowner. I think it is worthwhile repeating again albeit with the adjusted resource figure of 49m barrels as opposed to my previous (wrong) figure of 55m.


Typical landowner royalty fees on a SiTLA licensed site range from 8-12.5%. I am also using the figure of $65 profit for a barrel of oil (sand sales wiping out production costs on the oil).

49,000,000 x 65 = $3,185,000,000

10% (average) in royalty fees to a landowner would be $318,500,000

That is an astonishing saving over the life time of the mine and a cracking piece of business by Greenfield.


With regards to your other points about cash reserves etc. The previous results stated we had enough cash to see us through to June 2022. Since then there has been some unexpected requirements on upgrading the plant which you logically have to assume has eaten into cash reserves, so I personally expect some sort of small cash raise at some point going forward.

Just going back to the unexpected costs on the upgrade for a minute though, people need to appreciate that when Greenfield took over the POSP it was in a considerable state of disrepair due to poor maintenance and ageing components. Subsequently, when going through the upgrade process, Greenfield had to incorporate additional unexpected equipment to get the plant to a stage where they could get the data required for FEED, satisfy the 3rd party verification and satisfy potential lenders of funds for their own plant. Therefore, it was necessary and unavoidable additional spend.

I'm further led to believe that the current state of the plant (despite the upgrades) will be a major factor on if any agreement is struck to extend the management of POSP by Greenfield as it could be a case of they would spend more time (and cash) on fixing further broken down ageing components than they would be able to spend producing oil & sand.

You talk about a hypothetical potential raise of £1m at 1p per share. The only fly in the ointment on that is that the share price would have to be North of 1p for that to happen. Getting the share price there will take some significant RNS's and some significant commitment from Tomco in terms of PR.

Important RNS's should be landing soon, the company need to get their finger out and promote them to get the share price above 1p in my opinion. I'd also like to think that any small raise would be after all of the following news is out.

Production update
Feed completion/publication
3rd Party verification
Interim results
Land deal


One last point on any potential small raise, I hope the company consider it by way of a Rights Issue so that only existing shareholders can benefit from new shares being offered at a reduced price and at a suitable conversion rate.

[wilson2] 12/6/2021 12:09

Thanks for the post fishyneck, unfortunately none of what you say is going to happen

[stuart little] 12/6/2021 11:37

Wow. So potential $12m savings on a non infrastructure/permitted piece of land. Then the royalties bonus! Stand up and take a bow John Potter.

[rmart] 12/6/2021 11:13

Great post, if only you could write the rns,s for tom :-)

I would have no issue with a £1m raise at a penny as that would get us to production easily

[vauch] 11/6/2021 21:10

That is one hell of a lot sand to run a 5000 a day plant

[wilson2] 11/6/2021 21:05

Why would you need to go to an AGM to let your feelings know if you spout of how well the company is doing

[stuart little] 11/6/2021 20:01

You know the route, or certainly should by now.