Tomco Energy Share Discussion Threads

[goulding1215] 07/7/2021 15:03

Good point saltydog, unless they consider it worth a take-over.

[lopodop] 07/7/2021 14:14

WILSON2
MAY Explain departure RM and SL

[saltydog2017] 07/7/2021 14:12

Golding 1215, maybe when Tomco eventually become oil producers we will be selling any oil produced direct to this refinery and not use the QFI tech. The refinery will have to evaluate the oil for suitability/use etc.

[vauch] 07/7/2021 13:42

OOH, why so techy, cant cope with ya paper loss

[hotfinance14] 07/7/2021 13:23

Vauch..We have no interest in your tax bill.

[wilson2] 07/7/2021 13:03

MBO ? What utter nonsense!

[jaynealex] 07/7/2021 12:58

Mbo ,cheap takeout etc has always been a possibility , if they could muster the required number of votes ...which is someone ?? And have the financial backing

More likely to be a JV or straight takeout / bid

[vauch] 07/7/2021 12:41

What a bum had to pay my half year tax bill, so could not add to mt tom collection

[lopodop] 07/7/2021 12:39

GOULDING1215
The market response - no confidence. QED

[goulding1215] 07/7/2021 12:29

I don’t think that they are capable of preparing for anything apart from ignoring shareholders.

[lopodop] 07/7/2021 12:16

Shaunx
You are suggesting an MBO ? SB and other /s for TOM's 50%

[shaunx] 07/7/2021 11:04

They're preparing for an mbo, no time to reply or be bullish for shareholders.

[lopodop] 07/7/2021 10:21

GOULDING1125
According to TOM's web pages there are three investors who each hold 3% or more of the equity.
Surely they must have the ear of management and what do they tell management; conversely what do the board tell them.

[lopodop] 07/7/2021 09:29

Wilson2
Are you suggesting RMART is a loser! He has certainly gone quiet. Did he not have a hot line to a member of board? What has happened to SL.

Could RMART be asked for a list of his current investments so investors will know what to avoid.

[lopodop] 07/7/2021 09:27

Goulding1125
Do some background checks on GROAT and CASTRO - may help explain absence of reply.
Also is it possible board are deliberately holding back / misleading investors? Think about it!

[goulding1215] 07/7/2021 09:17

So far, surprise, surprise, not even acknowledgement of my email. Only 4 of them in the office, must be really busy.

[goulding1215] 07/7/2021 09:14

I recently sent an email to the Company Office in London, containing this paragraph:-

The recent Greenfield rns was this sentence “ a three-barrel sample of produced oil is being shipped to a large oil refinery owned by a major US oil company for their evaluation.” This is a typical example of poor rns writing . Indicates it was sent for their own research reporting use of the word ‘their’ referring to their own benefit. Would indicate it was requested by that oil company. Otherwise why send it? So, did the major oil company request this oil? Or was it sent by Greenfield for Greenfield’s own evaluation by the major Us Oil Company? No confusion there being precise and concise, the two elements of report writing. In the next sentence you make it quite clear why the oil is being sent to Quadrise. Why not in the previous sentence?

[wilson2] 07/7/2021 09:04

Those buys are sells ducky

[wilson2] 07/7/2021 08:58

Don't think rmart will buy again, this year alone he's bought and sold at least three times and lost considerable amounts on every deal

[jaynealex] 07/7/2021 08:42

Well the timing of my top up was impeccable as always , not !!

[lopodop] 07/7/2021 08:33

Well at least the share price seems to be holding at .50p. Had investors confidence in TOM's trajectory, the share price ought to be in 2p range.

Why was Kirchner sacked - that is according to RMART - and is to be paid off over a year. Was this silence money to keep private some big disagreements.

Had Kirchner lost faith with his colleagues and if so why. It is pretty evident that there were serious issues surrounding his departure and GROAT wished to be very generous to his colleague. In fairness to shareholders, he should clarify why he went as this does impact on the share price. Good corporate guidance requires this.

[lopodop] 07/7/2021 08:20

Why has DAMAC gone quiet? Why does the market not reflect optimism? What precisely was the source of the statements made last month? Has Damac lost confidence in TOM?

[lopodop] 07/7/2021 07:13

Goulding1125
Reverting to your question over finance. No doubt SB as one shareholder would have credibility with US banks but would tiddler TOM the other shareholder, a humble IOM company with no engineering expertise whatsoever be impressive?
So what / who remains assuming that the POSP is proven to be commercial.
Of course funding can be achieved, but it will take flair and skill to arrive at a fair solution. Intelligent investors can see this as can the market. Hence the share value. This is realism. With a board that are uncommunicative to shareholders and the market and lacking in any engineering knowledge and experience, what do you think.
It is extremely disappointing that TOM is in this state - another wobbling AIM showpiece.
A sale of TOM's 50% interest may be a solution in such circumstances to get TOM out of the hole of its own making.