Tomco Energy Share Discussion Threads

[lopodop] 11/9/2021 15:40

SL
Of course the placing will be dependent on finding a source whose terms will not wreck the present share price.
And without a placing now, TOM is really going to be on very thin ice which could
mean putting land purchase on hold etc.
As JP told you, TOM does not have an illustrious past. This project is massive for a small business and is going take tremendous skill and expertise to succeed.

[lopodop] 11/9/2021 15:02

SL
If you are so very confident about the cash position, then why ask? You say no placing - wait a little longer.
As for cash requirement, ask TOM's NOMAD. You may be surprised.
Assuming everything proceeds, there could be a three year lead time to have things up and running. Look at how long it has taken to get so far! But by all means dream on and on and await events.

[stuart little] 11/9/2021 13:32

Lopidop, can you please provide us with the estimated cash in bank (it'll be 7 figures) and current monthly cash burn you are using to calculate the need for imminent placing. Also any documentation to back up the need for 3 years working capital to satisfy the nomad. That's highly unusual. Numbers rather than waffle if you don't mind. I will however accept "I have no idea". Thanks in anticipation.

[rmart] 11/9/2021 13:29

they will be in production in around 12 months. Stupid remark lopo, 5000 bopd incoming and you know it.

[lopodop] 11/9/2021 13:11

Thrgef
As matters stand right now, there are many open issues which make your personal view wholly misleading. If the Board's tentative announcements of transactions come to fruition in the next months, then yes one may reasonably expect a share price shift upwards but this will be tempered by an imminent unavoidable placing if TOM is to have adequate cash resources for the next two or three years.

[thrgef] 11/9/2021 12:18

Ha, no need to try and engage with me. I don't tend to hang around in this cess pit. This is only going one way in the next few weeks/months and that's up
Good luck all.

[vauch] 11/9/2021 11:18

Both sides are becoming very exciting PQE and out TOM if this comes good im on retirement, and starting my own classic restoration of Bevel Ducati's

[vauch] 11/9/2021 11:15

Busa, how much can be used against profits as tax write down

[rmart] 11/9/2021 10:30

Yesterday, 44 views, this morning 514.



It was only released yesterday afternoon. Maybe a busy Monday??

[lopodop] 11/9/2021 08:44

Thrgef
Messrs Groat and Castro will know the extreme risks for TOM with its fast decreasing cash availability. Irrespective of said alternative option for the land purchase, they will not want TOM to fail for want of a cash infusion whatever the downside for investors. Opening up communication channels this week has been an attempt to boost the share price in order to mitigate dilution effects of a placing. However there may be some disappointment for them with the result so far. Neither will wish to delay the infusion nor to feed present uncertainty. In order to be seen to do the right thing, they have little option but press the green light and go for a realistic placing as time is so short. No reason for it to wobble the share value other than short term so long as land purchase is secured this month. If land purchase does not go ahead then TOM will return to more of same but at the very least cash resources will look realistic.

[lopodop] 11/9/2021 08:17

thrgef
Serious investors will appreciate your invaluable nonsense.

[busamitch] 11/9/2021 07:22

From GKP thread:

beernut11 Sep '21 - 07:21 - 640369 of 640369

OIL & GAS
Oil price could hit $200 without new investments says Omani minister
10/09/2021
By Energy Voice
Oil prices could hit $200 per barrel if no new investments are made in the upstream oil and gas sector in the short-term, Oman's energy and minerals minister said yesterday in reply to the International Energy Agency's (IEAs) assessment for reaching net-zero emissions by 2050, reported S&P Global Platts.

[goulding1215] 11/9/2021 06:26

Interesting reading Vauch. How much money have they got and how much do they owe? Are they still with the TSX explaining their accounts?

[busamitch] 11/9/2021 01:14

Will there even be a long term share price for either TOM or PQE?

[thrgef] 10/9/2021 22:01

Huge price correction coming over the next 3 weeks then again by the end of the year. Shouldn't be scared of placing if they go down that route for the £1.7m as share price will jump immediately after announcement. Reserve figure to be announced soon with QFI sample results. What's not to like.

[the diddymen] 10/9/2021 21:10

jaynealex, I would set a target of 0.00p.

[jaynealex] 10/9/2021 19:56

And what long term share price for Tom !!??

[vauch] 10/9/2021 19:32

Is Petroteq Energy (PQEFF) a buy for 2021?
In May, Petroteq energy soared to highs of ~$0.20 from a price of ~$0.04, representing a near 400% gain. This attracted many new investors, intrigued by the price action and business model of the company. The price action was a result Uppgard AB (acting as a middleman) offering 0.48 Euro per share to purchase 200 million shares of Petroteq. The clarify, this offer was made directly to shareholders (holding a minimum of 1,000,000 shares). Although this offer led to substantial price action, relative to the offer shares remain highly undervalued.


Why is this? The simple fact remains; much of the market is uncertain whether the offer is serious or will be followed through. Furthermore, the credibility of the offer is often questioned as people wonder, “if I can buy shares on the open market and sell it to them, why don’t they just buy it on the open market?” For one, it would drive the share price incredibly high. As well, it would simply take too long, or simply be impossible due to such low volume.

Since then, other entities such as Balmoral investments LTD have offered to purchase shares for 0.66 Euros ($0.78) for transactions over 1.5 million shares (offer adjusted to a minimum of 550,000 shares). Relative to current levels, this represents an increase of 6-7 times. Note, this offer has only been available for EU investors. Due to regulatory issues, it is not yet available for US investors. According to an Uppgard Konsult AB update from June, “The client and the company are now evaluating the official expansion of the offering to the North American market.”

This being said, the value of Petroteq Energy does not in any way hinge on the credibility of these offers. If they both prove to be insincere (which appears unlikely), the company remains exceedingly undervalued.

What are oil sands?

The idea of separating oil from tar sands is not a new concept. In fact, “the oil sands of Alberta have only been developed commercially since the late 1960s” However, the process has proven incredibly environmentally harmful (not to mention low margins).

“Tar sands oil — even the name sounds bad. And it is bad. In fact, oil from tar sands is one of the most destructive, carbon-intensive and toxic fuels on the planet. Producing it releases three times as much greenhouse gas pollution as conventional crude oil does.”

Is this true for Petroteq as well? Will they get push back from environmental groups? No, quite the opposite. In fact, Petroteq brands themselves as a sustainable company, putting “the environment first”. How is this possible? To quote PQEFF’s website,

“We produce oil without any significant waste, emissions or water use. We have removed the unwanted externalities from oil production that can be seen in other oil sands operations, fracking, and even conventional wells. So instead, our process LOOKS MORE LIKE REMEDIATION of oil-bearing near-surface sands that are cleaned to EPA Tier 1 quality before being returned, leaving the world a little cleaner than we found it. We produce oil without any significant waste, emissions or water use. We have removed the unwanted externalities from oil production that can be seen in other oil sands operations, fracking, and even conventional wells. So instead, our process LOOKS MORE LIKE REMEDIATION of oil-bearing near-surface sands that are cleaned to EPA Tier 1 quality before being returned, leaving the world a little cleaner than we found it.”

Sounds pretty good, from the environmental perspective.

Profitability of the technology:

As affirmed by the 3rd party analysis, the cost to produce oil using Petroteq’s proprietary method is ~$22 per barrel. It gets even better. Considering the method used to procure the oil, a sand byproduct is generated. For every barrel of oil (costing $22), 1.12 tons of (commercial) sand-byproduct is produced. Considering the industrial applications of this sand type, it can be sold for $11.80. Subtracting the cost to produce the oil ($22) by the profits from the sand ($11.80) allows an adjusted cost of $10.20 per barrel. Considering one barrel can be sold for $50-70+ dollars (depending on the market), this is incredibly cheap. Prior to this, separation technology had much lower profit margins (not to mention the environmental impact) …

“In 2014, the cost to produce oil sands crude was more than $60 per barrel (expressed in WTI terms), but improvements and efficiencies have brought costs down to $46 to $53 per barrel, according to one estimate, and the mid $40s, by another.”

Therefore, it can be concluded this proprietary method PQEFF holds is incredibly profitable, allowing for low vulnerability to fluctuations from oil prices (unlike other companies in the tar sands industry). One might ask, how much retrievable oil exists in oil sands? Well, Utah alone contains 10 billion barrels (of recoverable oil), which is where Petroteq is located. Globally this number is estimated to be in trillions.

To preface, following estimates are of speculative nature.

Medium term SP: $0.20-0.60

Long term SP: $5+

PQEFF appears very underpriced, with a high likelihood of future growth. Since the completion of the Feed analysis, this play is incredibly de-risked, with the general market underscoring just how groundbreaking this technology is.

[lopodop] 10/9/2021 19:30

RMART
Thanks. Many many mistakes yes but not this time. That's how wisdom grows. Have a great weekend.

[rmart] 10/9/2021 18:55

lopodopyploppy

I am sooo looking forward to the next few weeks and seeing you crawl under the rock from which you came. It will be so much fun.

Be sure to give us a wave though as you go. Don't be embarrassed, we all make mistakes.

[vauch] 10/9/2021 18:52

Where is wilson.
Has he left the board?