Tomco Energy Share Discussion Threads

[lopodop] 02/9/2021 16:25

?? Christopher Brown - remember him ??

[fishyneck] 02/9/2021 16:15

I agree with the logic that we will only hand over the $1.7m once funding is agreed in principle and I think the short delay announced yesterday is more to do with the lenders requests than simply further DD. Just my opinion of course.

The P word has been consistently spouted here with an air of inevitability, I was simply suggesting other options will be available and should be explored.

fn

[jaynealex] 02/9/2021 15:43

FN ... if the logic of we only pay the deposit if the 100% finance is available is correct ...surely the finance provider will provide early funds to cover any shortfall.

I'd expect the loan repayment to be a £x per barrel of oil produced and calculated so that the loan is repaid ..50 to 70 % of the way through the project ...or sooner if if margins allow

[stuart little] 02/9/2021 14:52

It's nothing to do with Tomco now, our management aren't involved in its future.

[hotfinance14] 02/9/2021 14:48

I hope somebody at the AGM ask's about the POSP and will it be back in operation.

[lopodop] 02/9/2021 13:29

Vauch Goulding 1125 and co.

Good for you to vent a multitude of anger on this board to relieve stress caused by factors outside investors' control. Keep it flowing and check you bp regularly.

Ps Goulding I have, do and will continue to help the young and needy cross the road. Very pleasurable - you should try it!

[lopodop] 02/9/2021 13:25

Johnpayne520
Yes it was a coup to get 100% of Greenfield and a real opportunity to capitalise on Work in progress, then pausing for reappraisal / negotiation with other potential parties.
Look at what has happened since. Rediculous payment of further $100,000 - who pray took that decision and four weeks of indecision till ?? $300,000 down the pan. Brilliant.

[fishyneck] 02/9/2021 13:09

Just going to pop my head above the parapet for a split second. There is no placing being worked here at present.(I'm not saying there won't be, just there isn't as I type.) It is clear there will be a shortfall on the next stage of the land deal, how much exactly we don't know. I guess Tomco will have somewhere between £1.5m-£2m in the bank, so they are not - as some have suggested- technically insolvent. Far from it.

I don't know how the BOD's plan to cover the payment, if DD continues to go to plan, but I'm keeping an open mind to other forms of funding. It doesn't have to be dilutive. Hopefully those of us attending next weeks AGM can press John for the answer, I look forward to hopefully meeting up with some of you there.

Right, tin hat on and wait for the bullets to fly.....

fn

[goulding1215] 02/9/2021 13:05

Lollipop should go back to helping children cross the road.

[vauch] 02/9/2021 12:53

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[thesageofsaint] 02/9/2021 12:45

Ignore Rfsrt he is just a blathering old fart who since his wife left him gains his warped sense of self worth from trying to control what people think and say.

[thesageofsaint] 02/9/2021 12:43

You all see the trap you have fallen into. You believe that they need to purchase the deposit hold on the land deal but they do not have the money. You think that the land deal is a prerequisite for a bank to loan $100m, so the land deal is a strategic must. You want to believe they have the cash to pay the outstanding but you have been told they do not and it is funding dependent. WHERE IS THE MONEY IF TO BE MADE AVAILABLE COMING FROM?? There will be no placings you said, but the very existence of this sham now depends upon one. Oh what a wicked web you weave.... You should see my and other as public service functions like the Green Cross Man, trying to help you safely cross the road, but you all belligerently want to run across with your closed. SPLAT! Dear me.

[lopodop] 02/9/2021 11:18

SL
Well Fenners perhaps should have done this months ago. But it is not too late to leave with something. Frankly if you personally cannot see what is and has been blatantly obvious you must have allowed yourself to be brainwashed.
For all investors know, TOM may be technically insolvent which if so, TOM could be operating contrary to Companies legislation. The Board may have in mind an immediate placing but who is going to accept the risk.
The safest course for the board is receivership if the uncertainty over funding is more than likely to extend to 1st October and beyond. Read the RNS.
All who have invested here want TOM to succeed but sadly when there are so many obvious fault lines,investors are in effect pushing water uphill.
Had the management been more qualified in approach, the sands project could have been moved forward in a better way. But one CEO non engineer on the ground part time and other part time non engineers directors over here, admit you are as disappointed as the rest. No doubt Groat and his friends are urgently working out how to get out of this mess and save their reputations.

[fenners66] 02/9/2021 11:09

On the contrary I am in the open minded , like to do my research camp.
I take little notice of speculative comments and anyone's this is going up /down /sideways nor do I ever make them since none of us know.

What I have found over the years is you can glean more than is immediately obvious if you take the time to do the research.

Clearly if the CORT tech, licenses, funding , implementation without dilution etc. is all delivered , the company could make a profit.

The judgement since its not currently doing so , is what % chance is there of that all happening and what would be in it for shareholders ?

[rmart] 02/9/2021 11:00

fenners66, you are clearly in the deramping camp. Please move to the other thread where you may get some interest in your ramblings.

[stuart little] 02/9/2021 10:47

So much effort for so little reward.

[lopodop] 02/9/2021 10:33

Fenners
Do not waste any more time researching! 3%+ holders can afford to lose out.
Stand Harrison NOMAD clearly quite content with TOM.

Best course is to reread SAGE and learn.

Interesting to see how directors deal with AGM!

[fenners66] 02/9/2021 10:03

Quoting Companies house and the RNS'd accounts ?

You got a strange definition there.
This is an "investing" website , accounts and Company information are relevant...

[goulding1215] 02/9/2021 10:01

Fenners66, another crazy in a rage now.

[lopodop] 02/9/2021 09:59

Fenners
How can TOM say POTTER is an accomplished CEO. He has REFORM ENERGY PLC IN CREDITORS VOLUNTARY LIQUIDATION to his credit and GROAT kept this under wraps if you check but was later forced to disclose. Do not read the papers at Companies on REFORM.

POTTER is not accomplished and the sooner investors take this point and press GROAT about this the better.

But if investors are simple headed souls, this is what happens - a fine pickle.

[fenners66] 02/9/2021 09:58

Sorry if this is boring , but once I start reading the accounts and stuff at Companies House , I find it interesting to see what the directors have been / are currently involved in.
It gives me an incite (perhaps) as to whether they are committed to a business/businesses and what their experiences maybe worth....