Tomco Energy Share Discussion Threads

[fenners66] 09/11/2021 20:44

I understand some dogs get fleas.

[the diddymen] 09/11/2021 20:39

One thing that you could never criticise AJJ2003 for is a lack of optimism. Not just on this dog but PET also.

[the diddymen] 09/11/2021 20:37

Lopo these things always linger longer than you expect. Shareholders should be ready for at least one more fudge.

[lopodop] 09/11/2021 19:41

Fenners66
The chairman Groat is a CA and he surely would have overseen the option arrangement knowing full well that JP was already in deep water over his management of the REFORM debacle. Equally his mate Castro whom Groat brought in earlier this year is a CA and claims to be well versed in oil / fund raising etc.
Either both were persuaded by JP to OK the arrangements and didn't bother to read the documents OR they did read the papers and did not see the serious problems. Both have lots of other jobs so perhaps were they too busy to give value for their £33k per annum fees. Groat is senior independent director of a well known VCT so the investors there may be watching dear little TOM's goings on.
Both may be living in fear of damaging their reputations, investigations by Institute of CA's and potential loss of their other jobs, so if TOM fails it will not just be investors who are in very deep water.
Time and time again on this board, the role of JP and the non execs has been questioned for many reasons. One employee, three non execs plus a fourth who resigned but accepted a one year pay off for some reason. Many seasoned investors would have red flagged TOM months ago just for this peculiar setup. Is TOM solvent at this moment some may question? It's not looking at all good vis a vis the Directors' behaviour.
As is won't to happen, bad news usually travels last and TOM is getting close to dday! Either the Board has managed to pull off a feat of extraordinary brilliance which will announced this week, or the Board will have to admit failure and surrender to the receiver. Kicking the can further down the road will not be persuasive to the market and any good advice the Board will be receiving will confirm just that.

[the diddymen] 09/11/2021 19:23

reichsmart posting record on TOM:

03/10 124
10/10 33
17/10 24
24/10 5
31/10 10
7/11 12
14/11 0 (after two days)

Just a little clue as to reichsmarts intent. The question is how much does he know that the cannon fodder do not?

[fenners66] 09/11/2021 19:00

Tis said there are 2 Chartered accountants on the board.
What questions/influence did they have over signing up for an "option" deal which the company could not fund?

The whole point of the option is to exclusively get access to something for a limited time.
The option gave them an initial 4 months to do due diligence (that's what we were told was needed).
That was not quite complete ? So was extended by another month.
Then they cannot finance the deal so they buy another 6 weeks extension, which gets us to now.
2 Chartered accountants , did they sanction this commitment. Without visibility of how it gets paid?
With clearly no guarantees , that was in the RNS - but at the mercy of any commercial entity that is going to entertain them ?

I have repeatedly asked WHY was there a time limited option on land that has been for sale for 5 years ?

Perhaps we may soon see what it achieves....

[lopodop] 09/11/2021 17:48

TD
Could it be that RMART extracted a hint from .... You Know. SL seems quiet too!
Why did Kirchner go ... On and on the sad story goes but a goodly number have kept the narrative spinning. WHY? Tom has to be on the edge of admitting defeat.

[the diddymen] 09/11/2021 17:22

Wilson 2, the 'oil major' got a mention today but it was irrelevant really.

This share is in deep schtuck.

The other thread bayed when it was suggested that a placing was required a couple of months back. They swallowed another fudge.

If the third party is canny they should sit on their hands, let TOM go under and then make a distressed offer to the landlord for the tenement. Why finance TOM's deposit.

It was ever an assumption that they could have got a placing away given the business narrative, but the longer they leave it the harder it will be, if it isn't already too late.

Sadly I think that reichsmart smelt the coffee and has ratted on the troops. Always nice to know who you can trust!

[wilson2] 09/11/2021 16:57

Have a read of this 10 years ago

[ajj2003] 09/11/2021 13:09

Any hint who the player for deep oil wells is? If it is a listed US oil company then presume news would potentially come first from them when the US market opens rather than Tomco?

[fenners66] 09/11/2021 11:53

As Tony Beets says in Gold Rush

"Sucks to be you !"

Meaning when you come begging for help , he takes his pound of flesh...

[fenners66] 09/11/2021 11:51

Its amusing but sad to see (if its true) the other thread's posters being completely sucked into the idea...

that buying a 10% stake; in land at possibly 140x what adjacent land was sold at ; without the independent means to settle the other 90% within just over a year;

is so important and fundamental.

TOM has lots of land in the area already.
TOM has no independent way of exploiting any land.

The 3rd parties would be for profit companies and will exploit TOM as TOM do not have a leg to stand on....

So why not drill for oil on its own land , thousands of acres ?
No one thought of that?
Because that is reserved for Turbo?
Because that is reserved for RF?

No ?

Those techs have been expensed and forgotten.
Like CORT - which is Not on the cards as traditional drilling is seen as the immediate future....

Until that gets forgotten as well ?

[goulding1215] 09/11/2021 11:14

AJJ еverything has a price. I think that TOM’S PRICE WOULD BE TOO MUCH FOR Valkor. Probably an major oil company. But JP got that lease bought!!

[lopodop] 09/11/2021 11:12

Fenners66
Ps GROAT and CASTRO are chartered accountants - TOM should not be hovering in ongoing uncertainty. It would be interesting to find out how the auditors will deal with this if accounts are ever produced.

[jaynealex] 09/11/2021 10:58

Fingers x AJJ .. after all these years , I want a big payday

[fenners66] 09/11/2021 10:43

"AJJ2003
9 Nov '21 - 10:07 - 23818 of 23818

No way Valkor would ever entertain a bid for Tomco, they are in it for the long haul, the 29 percent stake moving forward tells us that."


Given the other threads propensity for outrageous and unsubstantiated statements that should not come as a surprise.

I see it like the old Viz help and advice letters page.. more and more outrageous , but that was for humours sake....


Valkor do NOT currently hold ANY TOM shares.
Period , full stop.

Valkor gave away their interest in Greenfield about 2.5 years after they entered an agreement with Petroteq.
As per Petroteq's statement Valkor spent 18months doing nothing until TOM came along and funded Valkor upgrading Petroteq's POSP plant.

Then in a better position to judge than most , Valkor gave its interest in Greenfield to TOM and resumed all transactions to be at commercial arms length , i.e. no liability to help TOM or Greenfield get to a working plant.


IF by some miracle TOM / Greenfield get a 5000bpd CORT plant running in 3 years they will claim 29% of TOM....


The TOM one man band that cannot finance $2m just has to find say $150m to do this ......

[ajj2003] 09/11/2021 10:07

No way Valkor would ever entertain a bid for Tomco, they are in it for the long haul, the 29 percent stake moving forward tells us that.

A huge amount of work and contracts in it for Valkor, hence why they would never cede control to another party when they are sitting on such a massive potential cash cow here ;)

[fenners66] 09/11/2021 10:01

Ok read the article , you could not believe it , except we know it happens....

[fenners66] 09/11/2021 09:58

Too many locked into the narrative, with a low share price , some could have made a profit on the last spike ,so I guess will hold on in case there is another spike down the line.
Thus when they get another fudge message they will go along with it....

Totally unrelated I see there is a story highlighted on the BBC website " I wish I hadn't given £300k to a man I met online"

Not read the article yet , but we know people get sucked in and I guess it starts small and gets worse.

Such a shame.

[the diddymen] 09/11/2021 09:35

No great surprise to the share price movement this morning Vauch. Perhaps reichsmart may come to the rescue!

[jaynealex] 09/11/2021 09:17

That's the issue Vauch ...no upwards momentum we don't just want to get back to 0.8 p

Any bid right now would be at a laughable price ...to a long term.holder ...and hopefully the controlling interests

[vauch] 09/11/2021 09:08

Once news hits we could be back to our usual range of .8
Mentally draining this stock