Tomco Energy Share Discussion Threads

[lopodop] 16/10/2021 14:00

TD
TOm's board must surely know by this coming week that the funding is either on or off. Surely it is incumbent upon them to tell investors what is going to happen rather than let this drag on and on without a word. In fact the board must already know the position and they should insist that JP issues an announcement to put the facts fairly and squarely in the public domain. If there is 'bad news' it must not be delayed.

[the diddymen] 16/10/2021 11:46

4 weeks - tick tock, and that only gets TOM to the starting line. Should they achieve that, then there is the small question of $110m, or $110m per employee.

[wilson2] 15/10/2021 21:21

Nerve racking times, considering there previous

[lopodop] 15/10/2021 19:46

Well TOM has three non execs overseeing JP's negotiations so that ought to give comfort to those feeling uncomfortable at this stage of the game. The deposit has to be paid and if the anticipated funding is not available, Tom will have to go for a placing unless a private investor is on hand to provide funding. Dates of directors options are far in the distance so investors will have to follow suit in their expectations.

[ball deap] 15/10/2021 15:17

The other thread is for ramping and stamping

[ducky fuzz] 15/10/2021 15:03

I think John Potter is back in the UK on Monday. Hope we get news next week.

[rmart] 15/10/2021 14:18

we await the news. not long now.

[the diddymen] 15/10/2021 13:36

As predicted the price of TOM would be established by the existing shareholders. The musical chairs has finished for the moment and trading is dying. This allegedly is a cutting edge technology (employee 1) and there is no trade, hardly convincing.

[fenners66] 15/10/2021 13:22

rmart
15 Oct '21 - 08:33 - 23450 of 23451

" the new production method which is tried, tested and proven."

Oxymoron ?

Its "dirty" drilling , not new , old.

Ironic for a company who want to be exploiting someone else's CLEAN oil production....

[ducky fuzz] 15/10/2021 11:51

Nearly 4 hours trading today. 3 small buys totaling about £1,000 and no sells at all.

Zzzzzzzzzzz

[rmart] 15/10/2021 08:33

1.2 billion barrels! It would be great if the company could let us know if these are potential candidates for the new production method which is tried, tested and proven.

[jaynealex] 15/10/2021 08:26

Good point Rmart

If Tom right now was owned by a company with masses of free cash flow , a major , the value of that part of the busines would be far higher than say 0.7p

There would still be risk ..it's got to be built and enter production

But all this funding risk applied to the price currently would disappear

Roll on the funding RNS and a re-rate !

[lopodop] 15/10/2021 08:17

Janealex
Let's talk the talk. Do not look under the covers for you may find a pretty exhausted Director / the sole employee in need of ... But outside the sun shines bright and all is beauty for the eyes of beholders!

[rmart] 15/10/2021 07:58

Just for the record.. dont forget all of the other leases Tomco have. The ones that, at this stage, are not top of the list for cort. They may very well be suitable for the deeper shales and the new production method being used in the first 5 wells. There will be hundreds of millions of barrels on those leases. Just saying.

[vauch] 15/10/2021 07:55

Looks like oil will stabilize at 80 is for a while then may bump to 90

[goulding1215] 15/10/2021 07:53

Jay, I wouldn’t call it a ramp, you obviously know what you are talking about. You must be in the finance business.

Vauch, I would ignore the dark side, for they know not what they say. People like Jay do.

[vauch] 15/10/2021 07:12

Jay I love a ramp, but you will be up against the wall on the dark thread.
A positive post is far to much for them. LOL

[fenners66] 14/10/2021 23:41

Essentially the smaller companies end of the stock market is a casino.
Or its Tulips
As long as someone else believes that they should buy your shares for more than you paid for them there is a chance , chance you can make a profit.

PET has proved that over the years.
It has massive accumulated losses, no prospect of running any business, is in a legal dispute with a concert party that owns 29% (where have we seen that figure before) never got the promised and much ramped £100m investment , but the shares go up and down on hype , rumour , innuendo.....

But of course the "players" sell and someone is left holding the baby.Ducky says he did not take the £100k on offer, if he had tried to sell , he may have found the market price illusory.
However some poor sop bought at the highs and are left holding paper losses or have lost money.

The rampers don't care. Someone bought shares at the top of the market in 2019 I guess because they believed the narrative - despite having the "facts" pointed out to them any of those still holding are now about 95% down, but what did they expect from a company that has no business ?

Others justify it as saying they are grown ups and they know its a gamble....

But you can tell some never read the RNS's and have no clue what a balance sheet is.....

There is a mass of back story, common sense and commercial reality challenge to the narrative and still some risked their pensions....

So is there a challenge with TOM ?

Losses £20m+
No business of their own.
Failed Turbo, mothballed RF
Spent all the cash on someone else's POSP
Spent more on a no guarantee land option
Is entirely dependent on someone else putting up the money for everything from here.
Has no non director employees.
Has had a number of directors leave , despite knowing the prospects.
Relied on dilutive share sales to keep afloat.

Has a narrative of going to exploit Clean oil technology - but the only way to get on the first rung of a very high ladder is by getting someone else to drill dirty oil....

The irony....

Some anticipate the one man band getting $110m + funding - a bit more than Petroteq have burned through in that company's whole life cycle....

And of course "this time its different" as if that has not been said over and over by the companies that have combined to lose $100's millions on Asphalt ridge already.

If you had $110m to risk , would it be with TOM , Petroteq or Valkor ? Or indeed on an entirely different business....

[wilson2] 14/10/2021 22:31

I'm getting it now .You lot don't give a dam how tomco do , as long it's get to 5 p you selfish bunch of twerps

[jaynealex] 14/10/2021 21:48

Ducky ...when your working on a bid for a company ...one valuation model looks at future cash flows ..you look at the company you're after and its future cash flows , you look at what you might do with it , capital spend etc ...you look at these future cash flows and you apply risk quotients to get expected cash flows and then discount them for the time value of money , to get an NPV

So any risk ref finance would be put into the financial model

Now if we're doing the model ...the risk factor for finance might be 50% or 75% ...

But if say Shell was the bidder there's no risk factor to apply ..they've got the money to invest

So while right now our model identifying potential cash flows has the cash flows heavily reduced for finance risk ... THEIR'S DOESN'T !!

So their potential value from acquiring Tom would be far higher than ours at this point in time

The difference between the two models would be the negotiating ground

We wouldn't get their value , but we'd want more than ours ...maybe meet half way !

All fun

We're not into valuations like one years sales or just our reserves because of the multi site licences etc and the very early state of play

If everything falls into place ...a company like Shell's valuation of Tom would be miles higher than 5 p

Call that a ramp if you like !

[ducky fuzz] 14/10/2021 19:50

Also any Brokers note would say "subject to finance".

[ducky fuzz] 14/10/2021 19:49

Hi Jay .. I'll feel a lot more positive when we get the 5 Mill finance over the line. Till then it's all fantasy really. DF

[jaynealex] 14/10/2021 19:38

As I've said before ..a lot of buyers at .5 p are going to snap the hands off a bid at 5p

But I hope the large holders including Valkor see the real long term value of this share and bat such bids away

We need a broker note that details each stage of the journey , the potential cash flows and full value as each stage is achieved

As each step is passed the risk quotient drops and future expected cash flows become more certain and the cash flows used in any NPV model increase and hence the company value and individual share price goes up

I can't see why such a stepped detailed note can't be issued now with future cash flows not only discounted for time value of money but also for risk.

That's why a bid comes in early ...potentially when the expected values are lower ... Because the future cash flows carry heavy risk quotients ...

But in the next 12 months , if all goes well , Toms risk quotients should start to tumble and the expected values soar !!

In the words of Johnny Bristol ... Hang on in their baby !