Tomco Energy Share Discussion Threads

[stuart little] 17/11/2021 17:08

Fenners, it looks like fn came for a discussion whilst you turned up for a fight. True colours. Sublease was so the subsidiary could put the permits in. They needed a legal hold on some land. We've yet to find out why they set up the subsidiary. And the 5% pqe royalty was clearly nothing to do with the land deal discussion or value of deal. You simply lost the fight.

[ajj2003] 17/11/2021 15:51

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[vauch] 17/11/2021 15:09

PQE seem very quite at this time. I thought they had to show shareholders the company value, due to hostile bidder

[wilson2] 17/11/2021 15:06

Ducky sold out again?

[the diddymen] 17/11/2021 14:14

goulding1215 as we know from PET, CLON and CICC to name but a few I have been spot on where you are involved. Now as you will also spot a few of us will not be going away on the grounds that Mixi's thinks everything is kosher. See you around; eh Mixi!

[vauch] 17/11/2021 14:10

Fish. you don't have to hibernate, as on this thread we are all interested in Tom as a co, and are invested unlike the other thread full of idiots.

[stuart little] 17/11/2021 14:09

By the way fenners, he just whipped you over the value of the land deal and lack of land royalty v Valkor leases deal....and you know it.

[fishyneck] 17/11/2021 14:04

Rmart,

Not my job or intention to "educate". I was however willing to put forward my personal slant on various aspects of the project as I see them.

I now realise that it will be a losing battle with posts ignored in favour of throwing up another tangent to muddy the water.

I'm not prepared to get dragged deeper into 'that World'.

all good with Tom as I see it, back to hibernation for me until there's new stuff to discuss.

I won't be gone long....:-)

fn

[talais] 17/11/2021 14:02

.712 just paid what's going on

[goulding1215] 17/11/2021 13:53

Come on JP, bring some more crumbs to the table!.

[goulding1215] 17/11/2021 13:50

Diddlysquat, you still know diddlysquat, as usual you ignore the facts, as you fool your clients. Bye!!

[stuart little] 17/11/2021 13:50

Did you say that nothing would happen on site until March 22 at the earliest? And is drilling scheduled for the coming weeks? And the 2% doesn't kick in until mid 2022 when other repayment methods will be considered. ie some of our oil.

[fishyneck] 17/11/2021 13:43

You think this is a play by Valkor to pick up 2% of $1.5m from "time to time".

Ok. Others were right, you keep throwing the mud.

all the best

[goulding1215] 17/11/2021 13:41

Rmart, on this post - 24127 of 24151 with your figures, you didn’t mention the sale of the sand, which could bring in an extra $30 per barrel minimum, I barrel of oil produces 1.5 tons of sand. Into separate tanks, of course!

[fenners66] 17/11/2021 13:40

SL 15% for 6 months and 2% per month thereafter is a good reason ?

The point was made and is still valid that TOM have no choice , they take whatever finance they can get at whatever cost....

I have commented over the last few years on massive rate loans made to companies on the market that were going to save them from going bust - as their supporters said... those rates pale into insignificance compare to 28% or so.....

[stuart little] 17/11/2021 13:28

"Why would any 3rd party put in $m's now when NOTHING is going to happen until March 2022 at the earliest..."Fenners even resorting to capitals a couple of weeks ago.....care to comment old fruit? Drilling this year....busted flush.

[fishyneck] 17/11/2021 13:20

So Fenners,

To summarise - Valkor have SITLA leases at 8% royalty plus annual rent. This can be reviewed in 10 years time, we know these things never get reduced so we should presume an increase.

and a HCD deal at c$500k up front and ongoing 2% royalty.

As you know over the lifetime of a project this could add up to hundreds of millions in royalties...against our $20m purchase price and 100% revenue retained.

Take a bow Mr Potter..

all the best.

[the diddymen] 17/11/2021 12:57

Looks like sellers comfortable with taking profits at these dizzy heights, or is it Reichsmart doing a bit of trading again?

[rmart] 17/11/2021 12:56

I see FISHYNECK is trying to educate the dark side. Problem is they have no intention of listening to any facts. They are incapable.

[fishyneck] 17/11/2021 12:54

Fenners,

I believe the deal you are referring to is the one with HCD. If so you will be aware that the deal also carries a 2% revenue based royalty.

If you crunch the numbers based on a low reserve estimate at TS2 of say 50m barrels it shows the excellent deal John has negotiated. Even 2% royalty adds up to multiples of our purchase price.

all the best.

[the diddymen] 17/11/2021 12:37

Er just to remind the fanatics and rampers (and reichsmart) that Valkor was the company that walked out on Greenfield once TOM had splashed their side of the cash, leaving TOM to find the extra. Luckily Greenfield will now have security over their $1.5m, $1m of which they should have contributed in the first place. For avoiding just about all risk they have foregone 21% of the non-JV, and if it works - well they own 29%. Isn't that called a free carry.

Now the altruistic Valkor are involved through loans and land which may give them control in certain circumstances. From TOM's point of view I hope that there is an insolvency clause in the licence which allows PQE to revoke the licence in the event of an insolvency procedure. That could give TOM the protection they need should Valkor smell money.

Now when is that placing going to be? Answer certainly it would be a pre-requisite for any financing deal to be done. A lot of work for one man.

[fenners66] 17/11/2021 12:25

How unfortunate, too bad.

[fishyneck] 17/11/2021 12:12

I don't currently have the time or inclining to search back for a detail that I personally believe irrelevant. My point regarding Greenfields purchase price and the SITLA lease deal struck by Valkor earlier this year stands. Upon successful drilling it will prove very shrewd.

all the best

[fenners66] 17/11/2021 12:03

Look back through the thread , Valkor bought in September