Tomco Energy Share Discussion Threads

[ducky fuzz] 18/10/2021 17:43

I'm confused.com

[ajj2003] 18/10/2021 17:32

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[ducky fuzz] 18/10/2021 17:11

I think if it was a roll jobby then the prices might be closer together. 0.06 is quite a lot. But they are clearly connected because of the times.

[goulding1215] 18/10/2021 17:07

I think it is a rollover

[ducky fuzz] 18/10/2021 17:02

2 x 5 Mill buys or some sort of buy and sell.

[jaynealex] 18/10/2021 16:07

Nice time and price to enter the fray !!

[rmart] 18/10/2021 15:40

nice £30k+ buy there. 5m order filled for someone.

[fenners66] 18/10/2021 14:47

Biden's infrastructure bill is supposed to reward renewables and penalise fossil fuels....when / if they get it done...

[vauch] 18/10/2021 13:01

You should have sad it was due today then they would be over it but now they have another 4 weeks of posting trash

[ball deap] 18/10/2021 11:50

Massive surge breakout on crude price

[rmart] 18/10/2021 11:25

i dont think they can read a calendar on the dark side either. Reminder : 15th Nov.

[lopodop] 18/10/2021 10:59

TOM's board do push their luck with the company's ever suffering investors. They must surely know that the funding as anticipated by them is on so in the absence of an update should investors anticipate and plan for the alternative.

[fenners66] 18/10/2021 10:51

Actually its one month to come up with a plan to fund $1.5m for a 10% interest in some land....
What exactly does 10% mean though ?

Apart from committing them (again) to trying to find $16.25m for the balance within one year or so...

[wilson2] 18/10/2021 10:37

Only a month to go to be very disappointed at the predictable outcome, $110.000.000 loan to one man with nothing but hot air promises

[rmart] 18/10/2021 10:32

Less than 1 month to go now although I expect it could come any time now.

[goulding1215] 18/10/2021 10:30

I like that one Jay.

[busamitch] 18/10/2021 10:04

PETROTEQ

THIS PENNY STOCK MIGHT EXPLODE TOMORROW - BUYOUT COMING? - YOU NEED TO WATCH FAST!
970 viewsOct 18, 2021

[busamitch] 18/10/2021 10:00

Kudlow: Biden’s war on energy is worsening our economy & national security
45,727 viewsOct 18, 2021

[fenners66] 18/10/2021 09:51

Oh and Barack Obama is holding Biden's hand to the COP 26 conference in Glasgow as they work to adopt climate friendly policy in the USA.....

[fenners66] 18/10/2021 09:49

Just listened to Alison Rose CEO of Natwest on business lending....

Not that it should have any relevance here, but for those that still dream....

Natwest is transitioning to lending Zero to fossil fuels businesses.
Fossil fuel lending represents less than 1% of business lending from Natwest.

They started a 3 year plan to lend £20bln to renewables businesses and managed to lend that in 18months so now it is being extended to £100Bln.

For those with fingers in their ears , the climate for lending to fossil fuels has changed.
Net zero by 2030
That means that the best businesses with fantastic track records and credit ratings are going to struggle to finance fossil fuel projects.

As for TOM's one man band......

[jaynealex] 18/10/2021 08:54

G ..how about

The only way is up !!.

hxxps://youtu.be/vjD3EVC1-zU

[jaynealex] 18/10/2021 08:51

Well Ducky , given our current status a company valuation of just 10 to 11 mill seems ridiculous against some of the historic highs ( 1.7 bill x .0062 )

What was it 60 m shares X 14p.= 8.4m

[goulding1215] 18/10/2021 08:45

How about this one Jay

T. Rex - Get It On (1971) HD 0815007

[fenners66] 18/10/2021 08:37

All's fair in ....business right?

Just considering what some CEO's, with shareholders to appease, could do with this drilling the land purchase scenario....

As it becomes clear that the 3rd party drill the land to pay off the deposit of $1.5m is TOM's preferred option; the 3rd party could at the last minute , site "unreconcilable differences " or " unable to agree commercial terms" .

If the land is really worth commercial drilling that bad , they could then allow TOM to reach the end of their "Option to buy period".

Then approach the seller, say here is $1.5m we will take the 10% interest.
As its only a time limited "option" that is doing nothing wrong. TOM takes the risk it cannot arrange finance.

In theory 3rd party gets a $500k discount and drills without giving any revenue away to TOM.

However in practice they may well decide that the price of $24,000 an acre is well over the top and stay well away , with land "next door " going for $140 an acre....

[ducky fuzz] 18/10/2021 08:33

Hi Jay .. I bought my 2 Mill back at a higher price than it is today but pocketed a nice profit on my panic induced trade. So I'm relaxed on the price I paid. It is very difficult to catch the bottom price unless you are good at it like rmart.