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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tomco Energy Plc | LSE:TOM | London | Ordinary Share | IM00BZBXMN96 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0275 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 0 | -2.35M | -0.0006 | -0.50 | 1.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
11/10/2021 15:19 | It'll be extended or binned! By then though they will be building the plant so funding will have been sorted for the entire scheme. It's all good. | ![]() stuart little | |
11/10/2021 15:16 | Especially when the company has not even got the funds to pay the $18.25m. Again , what happens if that $16.25m is not paid on time ? | ![]() fenners66 | |
11/10/2021 15:15 | I don't understand your link to PQE. That has nothing to do with TS2 or the LMO already issued. | ![]() stuart little | |
11/10/2021 15:15 | $500k for 4.6x the acreage with already declared resource estimates done by the same consultancy sounds a whole lot better... | ![]() fenners66 | |
11/10/2021 15:14 | Drilling a few test holes in a desert is different to infrastructure... | ![]() stuart little | |
11/10/2021 15:08 | And it's absolutely normal not to name third parties whilst in the middle of negotiations for all sort of commercially sensitive reasons. | ![]() stuart little | |
11/10/2021 15:02 | With all I've just mentioned plus 40m barrels of shallow reserves, thousand of ton of valuable sand and x amount of deeps reserves, £20m is sounding a cracking bit of business. | ![]() stuart little | |
11/10/2021 14:57 | An LMO permit can take 12-15 months to secure, with no guarantee of success. What value are you attributing to the cost? On top of the extensive known resource work we'd be buying. We have Site buildings, electric supply, gas supply, internet supply, water supply, roads....time saved getting the project going. What value? How much would an area of desert cost to bring to this stage? | ![]() stuart little | |
11/10/2021 14:48 | We've spoken, at length, about the infrastructure , permits, location. Stop comparing leases that are clearly so different. You ask for straight answers but then keep asking the same questions. Tedious!!! | ![]() stuart little | |
11/10/2021 14:44 | My conclusion being - instead of taking the easy route and funding the £2m via a placing, thus kicking the can so far down the road we'd never see it again, John has cleverly unlocked a revenue stream previously unknown to the team. No placing now, possibly never again. That my friend is relevant to investing. | ![]() stuart little | |
11/10/2021 14:44 | But, by not paying up on time, if the option was meaningful i.e. there was other interest in the land , they risked the land owner saying , thanks for the option cash now sling your hook , you have had your negotiated time, you agreed the "option terms". Now they have paid even more cash and still have not paid ,are negotiating a way of funding.... as the disclosure said , no guarantees.... But that is part one, how are they going to find another $16.25? Why enter into the "option" without secured funds? What happens to the 10% if they do not pay the $16.25m? Why was the land valued at $24,000 an acre ? When Valkor paid $140 an acre. When paying even more $ for the option , why not name the Mystery third party who is supposed to be paying the balance ? | ![]() fenners66 | |
11/10/2021 14:26 | The land deal could have been concluded months ago, via a painfully dilutive placing. (As spouted regularly on here). The board has extended the deal to carry out extra DD including updated reserves, and work with a third party to unlock an extra play on the land. Thus funding the 10% and creating ongoing revenues thereafter with no placing. These things do not happen overnight! Worth the wait I'd say. | ![]() stuart little | |
11/10/2021 14:14 | another $16.25m by Dec 31 2022 Does have an impact.... But first they have to find another $1.5m to follow the $0.5m they already paid - with no guarantees that money has not just been lost.... Why enter an "option" deal if you do not have the money to pay for it ? Why create the need to pay by a 4 month time limit ? Then have to extend to 6.5m ? Initially the delay was down to "due diligence" That's been completed but now there is another delay whilst they find the ca$h. This is theoretically the "easy" bit . If they find the funds , what happens if they don't pay the $16.25m next year ? | ![]() fenners66 | |
11/10/2021 13:54 | Your daily commentary on a stock you have no intention of trading, does that have any relevance to investing? No? Thought not. | ![]() stuart little | |
11/10/2021 13:52 | LOL. Admit it you just cannot answer....another $16.25m by Dec 31 2022 ? All the bluster has no relevance to investing... | ![]() fenners66 | |
11/10/2021 13:47 | I'm not doing your work for you. For you then to throw in another inaccuracy for me to correct. It's a little tedious. | ![]() stuart little | |
11/10/2021 13:43 | Once again a straight question you cannot answer. How would the $16.25m be paid , on top of the $2m by the 31-12-2022 ? | ![]() fenners66 | |
11/10/2021 13:34 | How would it be paid for? Not even financing the $2m. Planned to pay that back from the drilling. How they going to pay another $16.25m in the time remaining ? | ![]() fenners66 | |
11/10/2021 13:33 | I'm all for hearing an opposing angle but you are now deemed pointless due to the regular inaccuracies and misunderstanding of the basics. | ![]() stuart little | |
11/10/2021 13:19 | That's is not the case. Do some proper research, never has anyone says the 100% land deal will be funded via drilling. Never. Once again you are flawed in your 'research'. | ![]() stuart little | |
11/10/2021 13:14 | Shipping’s Future Fuels Could Prove a Lucrative Bet | ![]() busamitch | |
11/10/2021 13:04 | Apparently Sky Quarry is another company.... “Sky Quarry is a true green R3 (recycle, reuse, reduce) clean technology company – developing the science, engineering the technology, which will bring in a new era of sustainable recycle and reuse of asphalt shingle waste material and environmentally clean oil (ECO) production.” ” Environmentally clean, yet collaborative, Sky Quarry’s process removes asphalt bitumen from the asphalt shingle waste, contaminated soil remediation or oil saturated sands, without the use of valuable water resources and limiting the greenhouse gas exposure to our environment.” All sounds a bit familiar...... | ![]() fenners66 |
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