Tomco Energy Share Discussion Threads

[talais] 23/10/2021 15:25

https://twitter.com/QFIPLC/status/1451584160947126273?s=20

[the diddymen] 23/10/2021 12:08

AJJ, you would have thought with a 'done deal' we would be beyond the speculation on the 10% deposit, and into the financing.

The bottom line is that a company should not be taking dates to the wire, but this company has gone beyond the wire and has bought time with shareholders' money.

[ajj2003] 23/10/2021 09:38

Maximum of 16 trading days until news. Things should start to build and get very interesting from here. Good luck all ;)

[jaynealex] 23/10/2021 08:08

My immediate thought is its something to do with the licence agreement

[jaynealex] 23/10/2021 08:05

Interesting read PQE still being made out to be the player that built the 500 bpd plant and is building the 5000 bpd plant in the future

Greenfield gets a mention ...but no where does it mention we have unlimited licences

The writer then goes on to explain pqe should stay out of the doing and just take the licence fees and 5% of income , thereby avoiding the need for debt finance

Greenfields positives are obviously not in the interests of the writer to expand on

Why does Tom not act to counter these statements ?

[busamitch] 23/10/2021 03:23

Another issue is that Greenfield get better PR than TOM!

Petroteq Is Where Peak Fintech Was Back In 2018

[the diddymen] 22/10/2021 19:36

Lopo, there are a lot of T trades out there. This slide will start to ask questions.

[lopodop] 22/10/2021 19:11

This share is full of hope, excitement and inevitability. Hope is running away, excitement is turning to despair and now even the most optimistic backers have to face the dreaded reality of learning that the financial backers have doubts.

[the diddymen] 22/10/2021 17:43

Irony on the other thread:

"Vauch19 Oct '21 - 10:27 - 23491 of 23526
0 1 0
Note that as not many posting om this thread, the other is dead this AM."


Last post on Vauch's thread today 22.10:

"goulding121522 Oct '21 - 08:36 - 23526 of 23526
0 4 0
Yes Jay. Whilst I think that Petroteq overdo it, with albeit the same stuff. At least their shareholders know that the directors are considering them AND the general public. TOM’s directors have still not learnt that valuable lesson to keep the share price ticking over with regular reassurances."


No posts since 08.36. Cannot think why but come on reichsmart time to earn your keep.

[the diddymen] 22/10/2021 14:14

Silence on other thread = realisation?

[fenners66] 22/10/2021 11:02

Is the fact that the Mystery 3rd party ( commercially sensitive info at this time the apologists say ) is a secret to protect them from anyone's ire if a deal does not happen?

Commercial terms not agreed , could lead to a shareholder backlash , but not if you don't know whom the 3rd party is.....

[the diddymen] 22/10/2021 09:01

Mixi it is f'ing difficult to keep shareholders updated when you have some pretty fundamental financing questions coming up in the next few weeks.

I think that given the deck of cards handed out JP has done a stunning job in delivering the company's strategy. The problem is that in my view the strategy is fundamentally flawed because it assumes that TOM have to convince a third party to take $110m+ of risk.

It is now getting close to the bewitching hour and there is not a lot that JP can say or do.

[the diddymen] 22/10/2021 08:45

Marked down this morning on no trades. A few open positions going to close?

[goulding1215] 22/10/2021 08:36

Yes Jay. Whilst I think that Petroteq overdo it, with albeit the same stuff. At least their shareholders know that the directors are considering them AND the general public. TOM’s directors have still not learnt that valuable lesson to keep the share price ticking over with regular reassurances.

[jaynealex] 22/10/2021 08:27

Christ this board is as dead as a dodo

[jaynealex] 22/10/2021 06:58

C'mon , c'mon ,c'mon ,c'mon ,c'mon , c'mon , c'mon ,c'mon ... Please please me , wow yeah !!

hxxps://youtu.be/czw8eqepir8

Come on Tom !!

[the diddymen] 21/10/2021 16:38

A few rollovers going through at the end. I have watched over the last month or so and a number of gamblers seem to have taken a position on the never never.

That is fine unless the price starts falling and positions are closed. It could yet get uncomfortable.

[the diddymen] 21/10/2021 12:30

Nice synopsis F66. Why?

Possibly because they are a one man band?

[fenners66] 21/10/2021 12:22

So , its clear since none of the believers have dissented, Petroteq have all the cards.
They have done everything they claim and QED , Tom have done next to nothing ?

One employee , not much cash left , accumulated losses of £20m+ , no operating business , $500k spent on a non-refundable "option to buy" without the funds to pay for the 10% deposit let alone the 90% in a year's time.

Dragged into a JV with Valkor whom had been working with Petroteq on the CORT tech for 18 months prior to TOM turning up with $1.5m.... then the moment they get a chance they gift their interest in Greenfield to TOM so they no longer have any more commitment and can operate at Arms Length if TOM ever want to buy any more of their services.....Of course if the improbable happens and TOM ever get the finance sorted for $110m+ then VALKOR will take payment , but they have limited this fantasy to 3 years......

Oh I forgot (as have the company by not mentioning it any more ) the RF technology which a combination of , weather , covid, lack of funds and apathy has mothballed....

And Turbo which has failed ?


Clock ticking , all it takes is to not agree finance or commercial terms with anyone now and BANG the $500k is dead , gone , the landowner says , you had your chance......


WHY get locked into an option for land that had been up for sale for 5 years ?
WHY agree to pay 140 times per acre than Valkor paid "next door" ?

Since they appear NOT to have enough cash left to even pay the balance of the option they are at ANYONE's mercy now.

This is the real world , where companies have owners who want a return. The 3rd party is not there to make TOM shareholders rich !

All they have to do , is run it to the last minute and then tell the landowner they will have the land at a massive discount , ie, they will pay the balance of the 10% and that's it. Job done.
They can cite failure to agree on commercial terms.... happens lots in business.....

Back to the unanswered question - why did TOM allow itself into an option to buy without having the funds in place ?


Commercially this is .... pick your own adjective.....

[the diddymen] 21/10/2021 11:13

Only another three weeks to go for the long suffering - that is until another fudge is concocted or the inevitable placing happens.

Ducky if you want to know what it is like to own a share that has been suspended message Goulding, he always seems to find them.

[lopodop] 21/10/2021 10:23

The market does not seem to have faith in the management and its capability. Simple as that. Over promising ......

[goulding1215] 21/10/2021 09:52

Good post Jay, sums it up all regarding TOM’S PR or lack of, as is the case. Not me this time!

[rmart] 21/10/2021 09:48

and a 2m buy