Tomco Energy Share Discussion Threads

[rmart] 22/9/2021 08:36

Looks like someone knows something, the last 2 days have been unusual.

[talais] 22/9/2021 08:31

57 paid seem they want to move this up

[goulding1215] 22/9/2021 08:30

Rmart, do you mean the loony thread?

[rmart] 22/9/2021 08:29

Yes, looks good.

I expect the other thread will be getting busy today. Lol

[talais] 22/9/2021 08:26

Ticking up on small volume, good sign

[the diddymen] 22/9/2021 08:26

Lopo - when the directors dip their hands in their pockets and demonstrate faith in the concept.

[rmart] 22/9/2021 08:23

Let’s be having that land deal done then we can pass a penny

[talais] 22/9/2021 08:22

Here comes another

[talais] 22/9/2021 08:19

Tick up soon, looks like mms are going to let this go,

[talais] 22/9/2021 08:14

Good start to the day, gla

[lopodop] 22/9/2021 06:19

The winners so far have been directors. When will investors get a look in?

[jaynealex] 22/9/2021 05:36

Tarsands II ... that's Latin

Let's hope all roads lead to Rome ...even if we've been on the very scenic route !!

[lukeisbackontrack] 21/9/2021 23:28

Rmart when retired?

[lukeisbackontrack] 21/9/2021 23:27

Give them a month, a year, a lifetime Lol

[wilson2] 21/9/2021 22:43

I won tonight on the correct result at the Norwich and Liverpool game 0-3 14-1 boom

[fenners66] 21/9/2021 22:14

rmart

You have strong views
But have you any answers?
Why did they get into the option agreement?
Why was it 3 months resulting in a further purchase, BEFORE the due diligence was completed?
Why are they saying (allegedly ) that the finance will not be sorted before the year end?
What will they do at the end of the month ?

If you cannot separate your emotion from relevant commercial questions , you cannot be objective.
Without objectivity you are gambling not investing.
Sure gamblers can win.
I believe investors win more than gamblers....

[lopodop] 21/9/2021 21:46

RMART
Are the promises given by TOM's board realistic and achievable?

[the diddymen] 21/9/2021 21:39

No reichsmart it is relevant; very relevant. One suspects that a further four weeks will be 'bought' but that will only beg more questions.

[rmart] 21/9/2021 21:13

Jeez, you two are totally insane! Give it a rest ffs, give them till month end and at least save yourself a little embarrassment, total wierdos.

[ducky fuzz] 21/9/2021 20:38

That's a Latin 2.

[jaynealex] 21/9/2021 20:37

Well Ducky if it was Tar Sands Eleven , it would be far north of 0.5p !!

[lopodop] 21/9/2021 20:06

Fenners
The non-execs may be wondering how on earth TOM got into the option payments situation in the first place. Someone may have taken their eye off the ball distracted by the glitter of tar sands.
TOM must by now be down on its cash resources per se without the headache of two large deals ahead. So far PLACINGS have not been announced. Best exit route may be to cancel land deal and suffer the financial indignity; perhaps suggesting a more beneficial land area has been identified and is to be investigated. Investors here are accustomed to about turns. Without sound financial arrangements being evidenced and in place, optimism will drift away. Can a small company undertake what are massive projects without a strong partner holding its hand?

[fenners66] 21/9/2021 19:13

Without finance in place , will the non-execs or nomad allow spending of $1.7m with no guarantee of the rest of the deal happening?

Whatever the bravado surrounding the end of month deadline, the report from the AGM was the finance deal would not likely be done before the end of the year (if at all?).

So do the BOD/nomad allow any more spend without guarantees?

If a finance deal does not materialise and they spend all the cash , whilst stating that the 3 month option (now 4 months) was only to allow the completion of due diligence , surely they cannot sanction spending the cash without the conclusion ?

Otherwise they may as well have spent the cash without the option fee , or at least without paying a further $100k.

Should they spend their remaining cash and financing fail they would leave themselves open to more than a little criticism.

Following that line.... it leaves them paying out $100k a month until the end of the year (?)



If I was the landowner , who did not call time after the initial option expired , knowing this - hey its easy to find the details - maybe that's why they extended.

Extend to end of OCT , maybe NOV and pull the plug.

That could be $500k for absolutely nothing....

Once again , I ask , why get themselves locked into this payment for options in the first place ?



Clearly management Failed to understand how long an option they needed in the first place. We know this because they Have extended.

Second the timeline now looks as if it could be until end Dec.

Third since its burning money getting nowhere , they may risk paying for the land without any finance deal. Given that they will have not achieved it in 4 months at that stage - surely that is just too big a gamble - with the company's money?