Tomco Energy Share Discussion Threads

[busamitch] 28/10/2021 23:36

Thanks Damac, I'm now starting to see the pieces move. It was the licences and TOM funding RNS which threw (or obfuscated) me.

Edit: your edit confirms it....

[damac] 28/10/2021 23:24

Busa,

Heavy Sweet Oil LLC will become relevant here soon.

Edit: I should also have added the the Greenfield multi-site CORT license (and the license that Valkor hold) are ‘protectedR17; in the event of Petroteq being bought out or folding.

[ducky fuzz] 28/10/2021 22:03

I think rmart might take 1p lol.

[jaynealex] 28/10/2021 22:02

Wasting my breath though ..because the majority shareholders will decide ...and there are all sorts of games that can be played

[jaynealex] 28/10/2021 22:00

No Ducky ...just pointing out the realities

[jaynealex] 28/10/2021 22:00

Premiums to current SPs are relevant to mature companies ..not to fledgling companies at the start of their journey

[ducky fuzz] 28/10/2021 21:59

Have you been drinking jay? I have hic.

[jaynealex] 28/10/2021 21:58

All this take out talk and multiples of the current price or premium to the current price seems impressive but it's a nonsense

The true value of Tom or Petroteq if this all takes off is mega 10 years down the line ( and SPs are supposed to reflect discounted future cash flows )

The problem is shareholders who've just got in at 0.5p or traders think they've scored big on a 5 bagger

If Tom ended up with multiple sites and multiple plants well the numbers would be huge

As I explained in previous posts the acquirer wants this long term value

I just hope the controlling interest want a big prize and if we don't get the broker note I've described issued soon , I hope they've got a board communication ready to defend against a cheap bid

Having said that Valkor and the controlling interest probably control more than 50% ...so they'll decide anyway what price they want

Which logically means they've done the numbers needed to issue the broker note

[ducky fuzz] 28/10/2021 21:09

That would not surprise me.

[busamitch] 28/10/2021 21:07

....Like Mr Byle is the buyer of PQE after all?

[ajj2003] 28/10/2021 20:59

I would think that Tomco and Valkor are way to far down the line now to prevent things moving forward, the deal being completed and ultimately Valkor taking 29% of Tomco. As I said before, this is the insurance policy against Tomco being taken out early and both Tomco and Valkor are in it together for the long haul. Time will tell as always but certainly not long now till finding out for sure ;)

[ducky fuzz] 28/10/2021 20:56

Busa .. if the PQE offer is genuine and it seems to be it might be that the potential buyers are after the patent to the oil sands.

Funny that they only want 51%.

[ducky fuzz] 28/10/2021 20:47

Interesting question.

I would think TOMco would do the honorable thing and issue the 29% to Valkor.

[busamitch] 28/10/2021 20:43

Our market cap is a pittance if the Petroteq deal goes through at $469m. And where would Mr Byle then get a USA licence for Valkor/Heavy Sweet Oil LLC if we were taken out as well? Or does he have a Plan B?

[ducky fuzz] 28/10/2021 20:36

I would think it would be up to the major shareholders if they accepted any offer.

damac / rmart and the Fish are probably the ones to ask.

[busamitch] 28/10/2021 20:33

Valkor only get 29% of TOM shares once funding is achieved, as I understand it. Had to dig out the RNS:

"Issue of the Acquisition Shares is subject to Greenfield receiving funds from, or drawing upon, a loan or credit facility in connection with the construction of an oil sands processing facility as specified in the FEED Study dated 21 July 2021 (as amended or superseded) ("Financial Close")".

[ducky fuzz] 28/10/2021 20:28

I don't get your point Busa.

[busamitch] 28/10/2021 20:19

So what happens if Tomco get taken out before plant funding is secured? And what is Heavy Sweet Oil LLC? - "True Carbon Negative Energy"? 4.25B BBL Oil under Lease...

[the diddymen] 28/10/2021 20:12

F66, they should have showed a bit of edge and confidence in what they are doing a couple of months back and raised the cash they needed to at least give the idea a chance. It might have stuffed the shareholders but 50% of something is better than 100% of nothing.

I do not think that fudging again will work. At a critical time they will look weak and it is amazing what the smell of blood does. Why buy a company if it is going to fall over (crossed Valkor's mind?). Central to their survival will be insolvency clauses in the licence with PQE. If they have one it will give them more protection from the 'helping hand' (double entendre intended).

They have to get the 10% deposit over the line while keeping enough energy to land the finance. The odds are stacked against them not helped by their lack of cash and human resource.

I should have added D-11.

[goulding1215] 28/10/2021 19:47

Yes Busa, and that article was in OilPrice, the industry magazine.

[jaynealex] 28/10/2021 19:21

And that's a pretty definate no !! ..only bad news on a Friday !

[fenners66] 28/10/2021 18:47

Lets assume for a minute that they do not get the "financing / project" agreed in time to meet their self imposed 3rd deadline, what excuses are going to be used this time?

[ducky fuzz] 28/10/2021 16:30

Last trading day of the month tomorrow. Will we get our resource report?

[busamitch] 28/10/2021 15:44

Is A Bidding War About To Begin For This Remarkable Oil Tech?