Tomco Energy Share Discussion Threads

[fenners66] 01/2/2022 14:30

I have , you just don't want to read it ...

Other businesses have already tried it and lost $100m +
But the costs have increased since then.

[rmart] 01/2/2022 14:28

fenners fudge fudge fudge,

Why not simply answer the question?

I know you dont believe that the funding for the big plant will come. But just for a second imagine it does come. What do you think will happen to the SP?

[fenners66] 01/2/2022 14:18

So a business that is indebted to $150m + and has a negative balance sheet?

Pays 28%+ p.a. on borrowings - we have evidence that is at least the going rate for $1.5m
How about building in 50% to compensate for the risk ?

Add in say 2 years worth of interest - not on all the borrowings from day 1 , before it got any income.
So lets capitalise the interest and get that up to $250m?

Add in delays to getting a plant running as predicted, lets say 7 years as per previous incarnations.
Cost overruns and declining markets because of the climate change agenda in say 10 years time.
Years and years of labour rate inflation.


Has to issue billions of shares to get working capital ? Or will it be trillions by then?
Issues share options and shares year after year to pay directors with.
Is entirely reliant on 3rd parties because it has no in house capability ?

Well it might be worth something above zero per share it might not.

Would you lend money to it?
Would your "best mates" lend money to you at 28% ?

[rmart] 01/2/2022 14:04

fenners66, but can you just answer the question?


I know you dont believe that the funding for the big plant will come. But just for a second imagine it does come. What do you think will happen to the SP?

[fenners66] 01/2/2022 13:54

Did you think that the share price would drop like a stone when you set up the other thread in 2018?

I presume you set it up because it had "wonderful" prospects ?

I suspect over the years you have talked yourself into that several times?

Each time there was a spike or a new story , it was "this time it's different" ?

There are other quoted companies on the market , with the same type of supporters and zero business , no income and years of accumulated losses and intangible assets.

They have come to nothing ... and here's the kicker ... so far.

All with narrative , what if this time its different ?

But there are so many businesses which do stuff, make a profit , grow and pay dividends.

People do get rich.
Slowly.
People can get poor , very quickly.

With all the missed deadlines , overly positive narrative , initially understating the size of financing requirements only to be forced to admit more only months later, saying fully funded , then finding new ways to need more cash, losing a stream of directors one after another , when they should know if there are any close prospects or not, with partners that invite them to be partners , farm them for all the money then leave the partnership, with no capability to do the drilling and only one or 2 employees , no track record of ever being successful , without ever demonstrating a day when the plant actually ran at 500 barrels output despite it being worked on for years and years, with paying (what is it 140 times ?) massively more than the land price next door, being totally reliant on other companies to work for them, company such as the one that charges 28% interest....etc

Have I been convinced that this time its different ?

That someone will lend the "one man band" $150m +

No.
I give the above as pointers - there's more.

So currently I see no prospect of them borrowing $150m +

As to the share price - it will go up and down like sp's do.

It's supply and demand.

The share price does not need a $150m loan , or a business , or those departed directors or much of anything really.

All the share price needs is supply and demand.

With enough willing participants, a story and not necessarily a good one, will do.

[rmart] 01/2/2022 13:49

lopodop - you did not answer the question which was.

I know you dont believe that the funding for the big plant will come. But just for a second imagine it does come. What do you think will happen to the SP?

[lopodop] 01/2/2022 13:44

RMART
A sound business strategy with firm timelines and targets supported by experienced management would have seen and would see the share value rise steadily. Ask the chairman whether TOM is fit for purpose. The market doesn't see it - it is difficult to argue against the market view and based on performance todate, it is not hard to see why! But you have to assess the risk - no one else can do it for you.

[rmart] 01/2/2022 13:32

No? Not one of you even prepared to consider it. Just as I thought.

[rmart] 01/2/2022 13:08

oh thats easy fenners. It would to drop off like a stone.

Simple. I am happy to admit that.

Same question to you fenners66

I know you dont believe that the funding for the big plant will come. But just for a second imagine it does come. What do you think will happen to the SP?

My opinion is it will quickly go to around 3p and will then build from there throughout the year as the plant starts construction.

If we get the drilling permit and drill the 5 production wells (after the 3 test wells) that will also add a lot of value.

what do you think based on the finance coming in?

[fenners66] 01/2/2022 13:04

What do you think without it?

[rmart] 01/2/2022 12:58

same question to you lopo.

I know you dont believe that the funding for the big plant will come. But just for a second imagine it does come. What do you think will happen to the SP?

My opinion is it will quickly go to around 3p and will then build from there throughout the year as the plant starts construction.

If we get the drilling permit and drill the 5 production wells (after the 3 test wells) that will also add a lot of value.

what do you think based on the finance coming in?

[lopodop] 01/2/2022 12:57

RMART
Can you not see that TOM has no real business - yes it is trying to start something under JP's control but his record so far is ?? So why invest further in something that may not happen. The market sees it so why not don't you?

[fenners66] 01/2/2022 12:43

rmart "your stupidly high average"

One can only assume in rmart's eyes you paid a "stupidly high price"
If only there had been some posting balance on these threads then eh?

Of course some threads don't allow balance , it might spoil the dream ...

No business , no income massive losses for years
Now some stuck with shares showing massive losses , or selling at a massive loss , or holding on to the narrative that TOM may actually get a business one day...

Compare that to investing these last 20+ years in companies that actually run businesses....

Instead of 99.999+% down some could be what 45,000 % up ?

Or you could just do a 10 fold accumulator

[wilson2] 01/2/2022 12:25

You lot have averaged down more times than you can remember, and you are still nowhere near been in profit .

[rmart] 01/2/2022 12:00

Well, I am expecting the next 2 months to be excellent for TOM. Time to switch off next week and head off for some sunshine. I hope I am celebrating with a beer or two on the seafront.

[rmart] 01/2/2022 11:55

Just an honest question WILSON2.

I know you dont believe that the funding for the big plant will come. But just for a second imagine it does come. What do you think will happen to the SP?

My opinion is it will quickly go to around 3p and will then build from there throughout the year as the plant starts construction.

If we get the drilling permit and drill the 5 production wells (after the 3 test wells) that will also add a lot of value.

Now again, I know you dont believe it will happen and that is probably why you will not take down your stupidly high average. But... I hope you will not be too upset IF the above does happen and you miss your chance.

[rmart] 01/2/2022 11:13

NO MONEY TO AVERAGE DOWN??

[wilson2] 01/2/2022 10:45

They would have to get to £2 to break even

[rmart] 01/2/2022 10:07

I am a holder and trash my holdings every day !. lol.

[talais] 01/2/2022 10:03

And 1 share

[vauch] 01/2/2022 09:52

Wilson, I have enough funds and that is the bet way to be

[wilson2] 01/2/2022 09:48

I am a holder

[rmart] 01/2/2022 09:19

i wouldnt worry wilson, it doesnt matter to you anyway as you are not a holder.

also loopy, cant see your point in posting really as it is of no concern to you as you dont hold either. So why are you so interested in what tom are doing?

[wilson2] 01/2/2022 09:11

How many times have we heard we have enough funds , then have to raise more money to cover there wages

[lopodop] 01/2/2022 09:03

Should there be a spike? Given the situation, the share price may settle into the .40's as previously. JP will really have to motor if he is to produce something substantive rather than hypothetical. The chairman states TOM has adequate funds for a year so that buys time.