Tomco Energy Share Discussion Threads

[stuart little] 04/11/2021 21:02

Fair point. A cleaner product might be the way to attract a different type of investor. All good problems to hopefully look forward to. All the best...

[thrgef] 04/11/2021 20:59

Stuart, I certainly wasn't referring to you regarding my pouring scorn comment. But I don't think its a matter of QFI convincing TOM. I think its a matter of the market deciding that a joint product produced by QFI and TOM (common goal) will ultimately be the most valuable

[stuart little] 04/11/2021 20:54

I certainly didn't pour scorn on others investment choices. But my previous statement stands. Tomco will decide the most profitable product, maybe multiple products. If QFI can convince greenfield their process will produce the most valuable end product then all is good with the partnership. At this point I don't feel the need to knock or indeed support QFI.

[thrgef] 04/11/2021 20:46

TOM will successfully raise the capital for its 5k barrel plant on its own merits and on the now proven success of the POSP. The oil (bitumen) will find a market(s) and will make good profit, with or without some solvent content and with or without some possibly lighter oil from deeper drills, (to be confirmed). Its low sulphur content will open up further markets and makes it inherently more marketable and valuable.

I don't buy in to Petroteq's heavy marketing that this is a clean oil technology. Its still a hydrocarbon that burns and pollutes. However, the extraction process is low energy, low water demand and the resulting ground remediation is a significant part and benefit of the closed loop extraction process.

The world is moving quickly to find cleaner fuels. Huge global finance will move to back them and support them. This is where Bio MSAR comes in. A low sulphur, low NOx, low co2, low soot, low cost transition fuel that burns like a gas. Off the back of the COP26 in Glasgow this is perfect timing for TOM and QFI to "jointly and aggressively" search for customers.

Investors need to back both companies and not pour scorn on the one they are not invested in. The joint opportunity for both companies is massive.

[stuart little] 04/11/2021 20:17

Not on the app on iPhone you can't. Don't think you can anyway?!

[ducky fuzz] 04/11/2021 20:12

Suck seed.

Hi Stewy you know you can press the edit button and correct any speeling mistakes.

[stuart little] 04/11/2021 20:11

Tomco can success without QFI's involvement but I agree there may be an option to use msar to increase our profitability in the future. It's ok to differ! :-)

[ducky fuzz] 04/11/2021 19:50

Hi thr .. as I understand and I do listen [BUT DON'T ALWAYS UNDERSTAND]to the more informed sources here is that Greenfield can click a switch and can produce what they will get the best price for. Like tarmac for example which doesn't need QFI's process.

I'm not really sure what sort of oil these new 5 wells will be producing and whether
the QFI process would be of benefit.

Didn't QFI announce news on it without John P's knowledge? So perhaps it does.

I do find I can say anything as damac is always around to correct me. DF

[thrgef] 04/11/2021 19:43

I beg to differ Stuart. They have common interests, the success of which will be mutually beneficial to each company. I didn't say that one company is reliant on the other company in order to succeed

[the diddymen] 04/11/2021 19:42

D-6 tomorrow.

[stuart little] 04/11/2021 19:39

The two companies are absolutely not intertwined imo. QFI might get used in the future but those decisions are far from decided. As I see it, the final products are not even chosen so qfi's tech may or may not be relevant. All my reading of previous RNS's of course!

[ducky fuzz] 04/11/2021 19:35

Hi thr .. hot has become a bit negative on TOMco of late if you read his posts.

[thrgef] 04/11/2021 19:31

In honesty, we need both QFI and TOM to succeed as they will mutually benefit each other and their interests are intertwined. Keys dates coming for both of them

[ducky fuzz] 04/11/2021 19:28

lol

Today's buys and sells are all pretty clear 7.5 Mill buys and 2 Mill sells.

We did go up to 0.67p offer near the close and I think tomorrow could be good as Friday's usually are
for some reason.

[thrgef] 04/11/2021 19:25

Hotfinance is just used to QFI missed deadlines and there are plenty of them!

[fenners66] 04/11/2021 15:25

I posted :

"fenners66
3 Nov '21 - 09:34 - 13270 of 13274 Edit

If they add a few optimistic jam tomorrow words the other board will forgive anything...
actually even if they don't add any optimism they will still forgive anything..."


Now I see SL is prepping

"stuart little
4 Nov '21 - 13:59 - 23769 of 23771

And we are currently on the 4th with no reason to suggest the deadline won’t be met.


stuart little
4 Nov '21 - 14:02 - 23770 of 23771

And it’s not a do or die date, simply a date John envisaged the deal would have been concluded by. Clearly if it drags on then there will be short term share price pain, again! Let’s hope the next 11 days are used wisely."


No suggestion it will not be met...... LOL

Except there was no suggestion their First 4 months to conclude the land deal would not be met - it failed
No suggestion their 1 month extension would not be met - it failed
No suggestion this time that 6 more weeks extension will not be met.... down to the wire....

"its not do or die" - REALLY ?!

They have an "option" to purchase with no refund !
The only plausible explanation for entering into an option to buy is someone else wants to buy it......

So if the date is not met - it could be arrivederci ! Thanks for the $0.5m !

That's what should happen

If it doesn't then the reason for buying an option is blown apart - ie no one else is rushing to buy.

Like I asked in the first place why lock yourselves into a deal that they clearly cannot fulfil on their own ?
Means they are at the mercy of everyone else.
I question why do it ?
Why support it ?

It's not commercial.

[vauch] 04/11/2021 14:18

Stu, it is not like we are not use to a bit of share price pain, most have come accustomed to it

[stuart little] 04/11/2021 14:02

And it's not a do or die date, simply a date John envisaged the deal would have been concluded by. Clearly if it drags on then there will be short term share price pain, again! Let's hope the next 11 days are used wisely.

[lopodop] 04/11/2021 14:01

DAMAC and SL have implacable faith in JP and TOM and are to be congratulated for sticking to their their guns.
But for others time is fast running out as are the paths out of this .....
Reality must set in and investors will come to realise that this may turn out to be an expensive misjudgement for investors on the part of JP and the Board.

[stuart little] 04/11/2021 13:59

And we are currently on the 4th with no reason to suggest the deadline won't be met.

[hotfinance14] 04/11/2021 13:37

Ducky I am just being realistic. If you have a deadline date of the 15th you would
aim to complete this before the 15th.

[ducky fuzz] 04/11/2021 12:54

Online you can get more for a 1 Mill sell at 0.658p than it costs to buy at 0.6575p

I really don't understand how that works.

[ducky fuzz] 04/11/2021 12:29

Three larger buys this morning. Not much selling.

My glass feels half full. DF

[stuart little] 04/11/2021 11:40

Ducky have you ever considered premium bonds? :-)Good post Damac. Chill!!!!

[damac] 04/11/2021 11:38

I have no knowledge of the complexity of the terms being agreed Ducky. What I am certain of though, and have stated on here before, is that within the terms being agreed there will be certain mechanisms that will have to be triggered before the 3rd party passes the money onto Greenfield. For example, it could be that the permit applications for the proposed 5 wells need to be submitted to DOGM for approval before money is released, or those permit applications have to be approved by DOGM before money is released, who knows what the triggers are, I don't.

The problem for the likes of the conspiracy theorists on the dark side is that when a company (in this case Tomco) do not deliver by a date they stated they intend to deliver by, it is automatically taken by them as confirmation that something bad has happened, the 3rd party has walked away, Tomco are going for a placing blah blah blah. They behave like this because they are only able to think in one dimension, they have absolutely no understanding or appreciation of how business deals are played out.