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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tomco Energy Plc | LSE:TOM | London | Ordinary Share | IM00BZBXMN96 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0275 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 0 | -2.35M | -0.0006 | -0.50 | 1.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
22/6/2021 09:31 | Got what we expected halved my holding recently.good luck to all lth. | ![]() palace pete | |
22/6/2021 09:26 | Why have admin costs increased so much? Basically doubled | ![]() fenners66 | |
22/6/2021 09:12 | So Andrew, you have had contact with the de rampers from the outset of your tenure. | shaunx | |
22/6/2021 09:11 | A bank could do a tiered loan with say 20 m at higher interest rate and payments deducted from brls produced till repaid , then switch to standard loan , or loan + equity . So many possibilities depending on the strength of the card you're holding We need a big boy to come calling who we hold at bay initially letting them in say for s third and the big buyout when the first plant is running | ![]() jaynealex | |
22/6/2021 09:07 | Yep someone's going to hold them over the barrel for 16 m ...enter JV partner , or bank finance with £x per barrel.of production going to the risk bank till debt repaid ? And main bank finance for the build Maybe one reason they hang onto the Posp if the proceeds are going to them to payback the land loan | ![]() jaynealex | |
22/6/2021 09:03 | well, the options are. 1. Bank Loan (unlikely). 2. Cornerstone investors in Tomco (step forward Steve Byle?), 3. placing (probably too much to ask for £6m?) 4. Third Party Buys into Greenfield ($16m for 1/3rd?) Now this would be good news. Any other options? | rmart | |
22/6/2021 09:00 | Got this horribly wrong , am down over 3k in a matter of weeks :(( | ![]() joeblogg2 | |
22/6/2021 09:00 | I would expect that Stephen Byle with his connections will arrange that. I don’t think that they would have made that arrangement to buy without knowing that they could arrange the finance. Aimho | ![]() goulding1215 | |
22/6/2021 08:56 | As per usual shareholders are left with more questions than answers. The BIG question is not the $110m for the plant, that will be done with debt. The BIG one is that they need to secure the land in order to go for the main finance. So Greenfield needs $16m. Where is this to come from 50/50 from Tom and Valkor? If so TOM needs to raise approx £6m for its half. And that is the reason for the drop. They do not need money for working cap for 12 months at which point if all goes to plant they would be close to production. They would probably need £500k to £1m to get to production income which is fine. So, where will Greenfield get $16m ?? That is the question. | rmart | |
22/6/2021 08:49 | Amusingly investors were previously told by Groach that Kirchner had left but would be available for 12 months at a cost of £32k. Now Groach says he left to pursue other interests - he is of no value whatsoever to TOM but still gets his pay. Groach must think investors are absolutely foolable and stupid. There may be much truth in that supposition and as a bunch investors are too kind and gullible! Fortunately for Groach he can walk away and blame JP. What will Groach require - £100k? | ![]() lopodop | |
22/6/2021 08:31 | There is noting new in the RNS including funding. | ![]() sue999 | |
22/6/2021 08:29 | Oh so naive. They basically said the same 2 months before they raised the last £3.5M. The have spent @£4m in 12 months. Go do the math! | ![]() thesageofsaint | |
22/6/2021 08:24 | The RNS says: "The Board believes that the Group has sufficient funds to cover its expected and normal outgoings for the next 12 months." So any fund raising will be for assets not working capital, so no problem. | ![]() freedom97 | |
22/6/2021 08:19 | oil still on the move NICE | ![]() vauch | |
22/6/2021 08:18 | BJ With respect I fear you are off course. Tom is going to hit the buffers without drastic management changes which have been left too late already. The market has been screaming at Tom. Only hope may be with SB and GS. | ![]() lopodop | |
22/6/2021 08:14 | SP tanking due to the comments on future funding. | ![]() hotfinance14 | |
22/6/2021 08:14 | Surprising reaction the Result RNS was decent, much better than other news releases by TOM that have moved the price higher. Expecting the share price to finish well into the Blue by close... | ![]() beetroot juice | |
22/6/2021 08:13 | The market is indeed telling Groach & co it has no confidence in the Board. Immediate action required - he says he has investor support - nonsense nonsense. You are costing investors a lot of money and grief. | ![]() lopodop | |
22/6/2021 08:11 | Well that went down well! As I wrote recently it is as much about what they don't say as what they do. A lot of superfluous waffle but no detail. Nothing on the volumes achieved, the cost of production, the corporate entity structure required for the dream, and a blithe statement on cash and funding which we have seen before and means nothing. The story is coming to an end. It is all choked up with these open ended imponderables that they cannot clarify and address as they have no solution. I say again, this chapter is coming to an end and another promise will start the next in the forever tale of TOMC's shareholder destruction. | ![]() thesageofsaint | |
22/6/2021 07:57 | Nothing wrong with those Interim Results, all going to plan so far. Making good progress. I look forward to the updates they mention. | ![]() freedom97 | |
22/6/2021 07:44 | When I was playing rugby and went to county or regional selection trials one didn't want to be in the "possibles " I'm suprised they don't say things like , if the sun comes up tomorrow , if we're still breathing etc ..you have to laugh | ![]() jaynealex | |
22/6/2021 07:43 | Funding During the reporting period, we raised GBP3.5m (gross) via a placing in November 2020, through the issue of 777,777,777 new ordinary shares at a price of 0.45 pence per share, with the net proceeds being used to provide general working capital and to fund Greenfield's development. As at 21June 2021, TomCo had approximately GBP1,390,000 of cash reserves available to it. The Board believes that the Group has sufficient funds to cover its expected and normal outgoings for the next 12 months. However, we anticipate needing to raise additional funds in the event a decision is made to exercise our option to acquire the abovementioned site and commence work on our first full-scale oil sands plant and related matters. The contractual balance due if Greenfield was to assume full ownership of the site via TSHII is up to approximately US$16 million (dependent on the timing of the option exercise) and, at this stage, we envisage that Greenfield would require funding in excess of US$110 million for the construction of the first plant, the vast majority of which it would seek to finance by way of debt. Should Greenfield proceed with the acquisition, TomCo will work closely with its joint venture partner to explore the most appropriate financing solutions for the requisite funding. I would like to thank shareholders for their continued support and encouragement through recent challenging times. We remain focused on meeting the further challenges that lie ahead. | ![]() ducky fuzz | |
22/6/2021 07:41 | CHAIRMAN'S STATEMENT Operational Our Greenfield joint venture with Valkor LLC has made progress despite the COVID-19 pandemic. The oil sands plant at Asphalt Ridge developed by Petroteq Energy Inc (the "POSP") and enhanced by Greenfield has now been brought into sustained production, extracting oil from sands in a manner that we believe could be scaled up to be commercially viable in large, purpose-built plants, with a target of being capable of producing 10,000 barrels of oil per day. In late May 2021, we received a draft of the Front-End Engineering and Design ("FEED") study that, whilst still being reviewed, is encouraging. Taken together with the practical demonstration of the process via the POSP test plant, such draft report has led Greenfield to most recently move ahead with investigating the possibility of acquiring up to a 100 per cent. interest in a large oil sands site in Utah via Tar Sands Holdings II LLC ("TSHII") believed to be suitable for the construction of a potential initial commercial scale plant. Alongside the potential acquisition, Greenfield is also in the early stages of exploring possible financing opportunities for the potential project. We have continued to postpone operations in respect of TurboShale's RF Technology, pending a return to normality after the COVID-19 pandemic abates. Details of our progress during the reporting period, and more recently, is outlined in the various regulatory announcements the Company has issued. We will continue to provide regular updates as matters progress and believe that Greenfield is well positioned to achieve its goals. | ![]() ducky fuzz | |
22/6/2021 07:36 | Mike .. do you want to delete your accounts post as it is so long. | ![]() ducky fuzz |
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