Tomco Energy Share Discussion Threads

[vauch] 26/8/2021 10:27

Well Wilson you tell us as you seen to be well connected?

[wilson2] 26/8/2021 10:21

That's the news you've all been waiting for, so if it's not going up today then why would it go up in the future

[ajj2003] 26/8/2021 10:12

Also looking from Valkor's perspective, I presume the RF technology for Trinidad is a nice little bonus if and when it is finally proven

[jaynealex] 26/8/2021 09:35

Damac ...it's called dead money ...move on with your own leases and pay the 2 m licence fee per plant ...and give up the 50% ... for full ownership and profits ..I bet the NPVs are far higher ...the dead money just becomes time zero investment in the cash flow model for NPV calculation

My posts from June ...were bang on with this scenario

For us Tom shareholders its key we get the lease purchase deposit RNS by sept 1 ...which will indicate we're moving forward

If we don't then I think we're into a takeover or JV ..the predator wanting the licences

Which will still drive the share price up but not as much as if we were developing plant

And when it happens ..Valkor get their money back and then some

Damac I value your posts , so don't get me wrong ...it will be interesting how it pans out

I personally need a positive result ..I'm just commenting how I see it

[damac] 26/8/2021 09:27

Because by having a 29% holding in Tomco and no longer a 50% holding in Greenfield, it is very much in Valkor's interests to be working 100% with Tomco to achieve payback from Greenfield.

[jaynealex] 26/8/2021 09:24

Damac why would Valkor need to use greenfield on their leases 100% ..not for the engineers , greenfield haven't got any , to save the 2 m ??? Saving 50% will dwarf that

[jaynealex] 26/8/2021 09:22

Why does it commit Valkor to going ahead 100% with Tom ...as I said above , they may have done the numbers and it's more profitable to go it alone , leaving an interest in place for any takeover

[damac] 26/8/2021 09:22

rmart,

I think you have to look past the comment abut 3 years. They have obviously had to include a legal clause on the acquisition of Valkor's 50% of Greenfield so that the deal can be terminated should financing not be concluded for whatever reason. The fact that the clause will be effective for 3 years means that they have to use the period of '3 years' elsewhere in the RNS, it is largely irrelevant. In my opinion, finance will be concluded VERY soon.

[jaynealex] 26/8/2021 09:21

So a bank would look at Tom a listed company and think it was more financially secure than Valkor ...mmm ..not sure about that

[jaynealex] 26/8/2021 09:19

Damac that's one view ...but very rose tinted in my view ...and I'm a long term holder

I hope you're right ...but ....

[jaynealex] 26/8/2021 09:17

Vauch ....but Potter is just a puppet

You'll get scripted answers that's all

[damac] 26/8/2021 09:16

My thoughts, for anyone who cares about them....


On the whole, I feel this is a tremendous deal for Tomco regardless of the future introduction of 592,830,258 new shares.

It looks very much like it was necessary to finalise the funding for the initial plant i.e. the lenders unwilling to fund Greenfield as it was with 50% effectively being taken on by an unlisted company (Valkor). Greenfield now being owned 100% by Tomco negates any issue around that.

The deal totally 100% commits Valkor into going forward with an invested interest in Tomco, and thus Greenfield being a success. It also demonstrates a massive level of confidence in the Greenfield project & Tomco by Valkor/SB in that they are more than happy to take their future rewards from Greenfield via a 29% holding in Tomco as opposed to a 50% holding in Greenfield. Going forward it also means that it is in Valkor's best interests to use Greenfield as much as possible on other Valkor leases.

With regards to future dilution through new shares you have to consider that all future earnings from Greenfield will now be 100% assets of Tomco and will be reflected in the market capital of Tomco. Issuing 592,830,258 new shares at a current value of £3.1m in return for additional hundreds of million Dollars on the balance sheet year on year is phenomenal. Just think of Tomc0's potential market capital when the first plant is up and running.

[jaynealex] 26/8/2021 09:13

We haven't got the finance yet , we haven't got the engineers , we haven't got the leases

To me this is moving forward to a JV with a Biggie or a take out now !

Because we got the unlimited licences ...

Valkor obviously calculated the best route for them was to push on with their own leases and engineers paying the 2 m per site licence fee and not giving up 50% plus maintaining an interest if there's a buyout

[vauch] 26/8/2021 09:10

Well the AGM will be the place to get face to face answers by the looks of it.

[jaynealex] 26/8/2021 09:09

The biggy now is do we get the lease by the 1 sept

One thing's for sure Potter is not driving any of this
.
The controlling interests / Valkor have looked at all the cards on the table and are making the relevant moves .. for them....not us

So what happens by next Wednesday !!

[talais] 26/8/2021 08:55

Issue of the Acquisition Shares is subject to Greenfield receiving funds from, or drawing upon, a loan or credit facility in connection with the construction of an oil sands processing facility as specified in the FEED Study dated 21 July 2021 (as amended or superseded) ("Financial Close"). In the event that Financial Close is not achieved within 3 years of the Effective Date no consideration is payable by the Company to Valkor and the obligation to issue the Acquisition Shares will lapse

[rmart] 26/8/2021 08:48

Not a bad announcement but as per usual the balls it up again.

This is AIM and the mention in a few occasions of a 3 year time scale for financing tells us it is not about to happen anytime soon?

If they now part with the $1.8m for the initial 10% where does that leave them with cash if we are now working to a 3 year finance timetable?

[talais] 26/8/2021 08:43

Location of our oil shale leasesTomCo holds nine separate Mineral Leases, being ML49570, ML49571, ML48801, ML48802, ML48803, ML48806, ML49236, ML49237 and ML50151. All of these are in the Uinta Basin and together they cover a total land holding of 15,488 acres. They are also underlain by the Green River Shale Formation, which is the largest known oil shale deposit in the world

[jaynealex] 26/8/2021 08:39

So is Valkor the Petroteq predator ?

Can Tom and Greenfield call on Valkor engineers ( Tom haven't got any now ! )

Valkor will now prioritise its own leases


Mmmm interesting

Perhaps this is the most profitable route for Valkor and for Tom ...we possibly come into play ....ie an acquisition target for someone

Lots of questions for the AGM that's for sure !

[jaynealex] 26/8/2021 08:35

Here you go ....

jaynealex - 05 Jun 2021 - 13:14:43 - 19747 of 21652
Ok Damac it all comes down to the £ numbers

Valkor has its own leases and could buy more , it can buy licences for individual plants at 2m a bang and pay the 5% royalty

So they can do the numbers on individual plants / leases

The minute they farm anything out to Green field they " lose"50% of the income !!


Correct me if I'm wrong ...Greenfield paid a one off 2 m and for developing the process they can use the IP on multiple plants just paying the 5% royalty with no further 2 m payments

Tom needs the finance , first plant , lease and income to get to a " better place" , cash reserves , profit and strong balance sheet

I can never see Tom.buying individual.leases as it hasn't got any experienced engineers , it's future is Greenfield ( ignoring it's own technology )

To me Valkor does have a choice...the JV Greenfield or buy and develop its own leases

To be honest the JV has been a life saver for Tom , but why Valkor needed Tom , I just don't get ...unless it too was cash strapped and needed Tom's money initially

Then again I'm suprised there was no loan finance for Tom.and they had to go the placing route

But there again ...we are where we are !!

Personally I hope the takeout of Petroteq fails and we move this forward a year with just the current parties involved

But at some stage you'd have thought the big boys would want to play
jaynealex - 05 Jun 2021 - 11:45:37 - 19731 of 21652
Yes Ducky Valkor has its own leases to develop ... Toms aren't suitable

Valkor would have to pay for a licence but I'm sure that would be forthcoming

That's why I was worried about Valkor being the Petroteq predator ...why would they need Greenfield

Greenfield now need to buy a lease or leases to get things locked down

Before the big boys come snooping
jaynealex - 05 Jun 2021 - 11:34:39 - 19724 of 21652
Greenfield do need to get some leases in the bag

[talais] 26/8/2021 08:33

All looking good

[shaunx] 26/8/2021 08:32

So from your earlier posts of Tomco being ditched from Greenfield and not getting what 'the doctor ordered' you now have faux outrage, before faking into your next fake story now they've got a whole lot more than what the doctor ordered.

[lopodop] 26/8/2021 08:32

Remember Groach and Castro are deal fixers so likely they will arrange acquisition for TOM in near future if not already in progress. Probably best for all concerned as removes project management risks.

[jaynealex] 26/8/2021 08:27

I need to go back over some of my historic posts , where I questioned why did Valkor need Tom ..

[lopodop] 26/8/2021 08:19

Placing will follow. The 50/50 arrangement has been removed which is a very big step and slowly the share price should reflect the potential.