Tomco Energy Share Discussion Threads

[vauch] 09/9/2021 07:45

Well well, I thought the board would be buzzing with cat from those that attended.
Have they all signed secrecy agreements.
Morning all.

[lopodop] 09/9/2021 07:28

TD
Too many part timers involved in this operation. Usually predicts failure. Costs must be racking up with all the experts adding their bits. Heaven knows how much!
Interesting share movements!
Who is on the ground in UTAH? Anyone at this time?

[fenners66] 09/9/2021 07:26

If the CORT process actually works , it seems a possibility a funder would want to take control of it . given the weak hand held by the current players.

We have all seen Dragons Den , where they ask for £1m for 10% of their business.
Here the Dragons if they bid , would be saying here's £100k for 90% of the business , take it or leave it. but if you do not raise funds soon , we'll have it off the administrator for less....

[the diddymen] 09/9/2021 07:13

lopo

TOM need to raise cash before 1 Oct

If they do not raise the cash the option to buy is lost and their future uncertain

Without significant project funding they will be unable to exploit Greenfield

They currently do not have the capacity to execute the project

Any off take arrangement comes with reputational damage (trucking oil 100s of miles by road to refine)

and share buying on a day of non-announcements.

This has the whiff of a concert party.

Caveat Emptor

[lopodop] 09/9/2021 06:57

Why is the share price not in the 1p + range now and why has it not been for a long while?
Ok for the chairman to spout exhuberance before AGM - let's see what happens now as events unfold. Or perhaps the chairman did expound on the share price at the meeting. The price yesterday still fell far far short of what investors might expect for a well managed enterprise. Once again the market's judgement has been caution. Will things change today?

[ducky fuzz] 09/9/2021 06:54

Blue day today ....

Can't wait for the update from damac and the great FISH.

[lopodop] 08/9/2021 22:30

RMart
Thanks for clearing that up at least. Were you to meet me you might change your mind! Heaven forbid.

[rmart] 08/9/2021 22:27

I don’t think you are Andrew, he was far to much a gentleman to be you . I just know you are a fool

[lopodop] 08/9/2021 22:15

RMART
Always good to receive your remarks. Keep them coming please. Also someone else seems to think I have Andrew in my name. I am not Andrew nor have I been Andrew. But if he is obsessed with the name Andrew, then I'll take it on the chin.
Do not forget: IF IT APPEARS TOO GOOD TO BE TRUE, ETC. IS THE PRESENT TOM PROPOSITION?

[wilson2] 08/9/2021 21:52

What an absolute scam run by scum

[lopodop] 08/9/2021 21:51

So reading between the lines, can investors expect an immediate and large placing to cover the potential solvency requirements of TOM for at least 12 months plus ? Then further equity issue possibly plus reorganisation soon.
Land funding and acquisition to go ahead by 1st October coupled with Plant funding - this is what the chairman seems to be implying or maybe there will be clawback on this nearer the time to keep the market in the loop. It's a very tall order and the chairman is really sticking his neck out. How will the market react?

[rmart] 08/9/2021 21:45

I don’t know who you are but I do know your an idiot.

[talais] 08/9/2021 21:38

Zac PhillipsAnalystZac has in excess of 25 years' experience in oil and gas and finance, working for companies such as BP, Chevron, Merrill Lynch and ING Barings, where he undertook finance or finance related roles. Given his Chemical Engineering degree and PhD, Zac's career has focused on the economics of investment, and its assessment, on a range of projects from process change implementation, to operating plants and companies.Zac's extensive Oil and gas financial and technical experience has ably lent itself to the valuation of exploration and producing Oil and gas assets, especially where complex financial structures define companies' access to the economic benefits of ownership. Latterly, Zac was the CFO to Dubai World's oil and gas business (DB Petroleum), with responsibility for risk management, valuation and the authoring of investment proposals. During this time, Zac valued in excess of 165 transactions with a combined transaction value of in excess of $60bn.Zac has an Honours Degree in Chemical Engineering from Wales and a PhD in Chemical Engineering from Bath University. He is a member of the Society of Petroleum Engineers, Institute of Chemical Engineers, American Association of Petroleum Geologists and Association of International Petroleum Negotiators.

[damac] 08/9/2021 21:25

Lucky you, I still have 2 and a half hours to go.

[fishyneck] 08/9/2021 20:57

Sorry he may still be a Proactive analyst but that wasn’t the purpose of his attendance. 1% battery life ,no charger on train and 2 hour journey to go.It’s been a long day. I’ll look in tomorrow.

[ducky fuzz] 08/9/2021 20:56

That's exciting.

[damac] 08/9/2021 20:56

He was at the AGM and has been acting as an advisor/consultant on Greenfield seeking the finance. Very well thought of in this capacity I’d add.

[ducky fuzz] 08/9/2021 20:50

Ahh ok. Potential director ... Employee ...

[fishyneck] 08/9/2021 20:49

He's not working for proactive at the moment.

[ducky fuzz] 08/9/2021 20:48

Do TOMco pay for Proactive's videos ...

[fishyneck] 08/9/2021 20:48

I think I can say without overstepping the mark that Zak was in attendance today and is fully behind this project. Watch this space.

[ducky fuzz] 08/9/2021 20:46

He probably heard there were sandwiches.

[ajj2003] 08/9/2021 20:44

If he was in attendance, I hope he is doing an in depth article on the future is oil shale with Greenfield. Like the sound of that with constant updates as events unfold ;)

[fishyneck] 08/9/2021 20:41

https://uk.linkedin.com/in/zac-phillips-oga

[hotfinance14] 08/9/2021 20:39

Was Zak at the AGM ?