Tomco Energy Share Discussion Threads

[fenners66] 10/2/2022 14:00

We wait and see who's closest to being right....

[stuart little] 10/2/2022 13:54

Sounds beautiful.

[stuart little] 10/2/2022 13:53

Yes ducky! All about the funding as fn and rmart said. Opens up all the opportunities...that's why it's .64 to buy. Funding confirmation moves the share price by decimal points. Fenners being a little grumpy today, guess he doesn't approve of extra (free) revenue streams :-)

[wilson2] 10/2/2022 13:48

Bit windy today , but it can be a nice bicycle ride down there, you can actually see real oil refinery's on Teesside from there not pretend ones

[stuart little] 10/2/2022 13:48

Believe me, for whatever reason, you are coming across a lot more desperate than I am. Or anyone else for that matter. You claim to protect the weak minded from us bad guys. You know how silly that is, right? Yeh sure you do. Now those 3 opportunities for success....

[ducky fuzz] 10/2/2022 13:48

I suppose this new $3 a barrel refinery rental is only worth a fortune if we get the
$145 million funding so that we can buy the TS2 land. DF

[fenners66] 10/2/2022 13:44

Ha stuart that is desperate
There are 3 opportunities for failure

1 a failure
2 a fudge which is a slow failure
3 a very expensive to fund business which requires a massive transfer of ownership away from the existing owners - however don't worry this is the outsider....but might leave at least something for existing owners as they say 0.000001% of something is better than nothing.

[stuart little] 10/2/2022 13:44

Get yourself down Seaton Carew Wilson, enjoy the sunshine!

[wilson2] 10/2/2022 13:42

I love reverse psychology Stuart

[stuart little] 10/2/2022 13:37

As fenners rightly points out there are now 3 opportunities for success here now. All credible on their own. It's a good point he makes.

[wilson2] 10/2/2022 13:30

Stop replying

[stuart little] 10/2/2022 13:30

Crikey, you are prepared to put this effort in for another 2 years? Get on with your life for Gods sake man!

[fenners66] 10/2/2022 13:29

I expect to be having some similar posts in 2 years time.....

Go on mark the day...

[vauch] 10/2/2022 13:28

Bloody hell another doom poster turning positive.
Wilson admitting it was a great RNS
Wonders will never cease.

[fenners66] 10/2/2022 13:28

"stuart little
10 Feb '22 - 13:20 - 14449 of 14450

It could be argued that success in any of your 3 scenarios makes today’s market cap look very cheap."

Have you actually read them?
1 - success all bets are off.

2 - Failure close the business.

3 - Fudge share price could go anywhere or nowhere from 0 to something small because its a fudge not a success.
That fudge has a 2 year time limit
2 years to resuscitate RF or Turbo and keep the merry go round going?

[wilson2] 10/2/2022 13:24

Vauch not getting much done today, That was the best rns out for years and look at the difference to share price it has made , nothing.So if that's the best where do we go from here?

[rmart] 10/2/2022 13:22

I said I wouldn’t respond but I have to too this one, finally Fenners admits

‘Either mega funding for plant and drilling and land amounting to $175-200m happens and I am wrong.’

Yes, u finally admit you could be wrong. And you ARE wrong.

[stuart little] 10/2/2022 13:20

It could be argued that success in any of your 3 scenarios makes today's market cap look very cheap.

[fenners66] 10/2/2022 13:11

This plays out one of 3 ways.
Either mega funding for plant and drilling and land amounting to $175-200m happens and I am wrong.
or
there is a conclusion that the funding is not available and the deals off.

or
there is a fudge. Hope held out based on any narrative. Hope to fund dirty drilling , if any revenue comes of that it
will drag this on , but then the December 2022 deadline arrives for funding 90% of land has to be done or can kicked down the road again - at what cost $250k a month?

A unknown refiner might be giving them $millions a year and have 2 years to decide , so that adds to the fudge
period , clearly one would not walk away from that opportunity.

I suspect because of that 2 year opportunity too good to miss this means that a fudge will now take 2 more years to play out at least.

But what will it cost ?
Is it dependent on 100% ownership of the land ?
How much would that cost to fund?
28% + (more risk )
or 99.9% of the company ?
Some hybrid of the two?

[lopodop] 10/2/2022 13:08

How much does the refinery require to become fully operational? Has the lessee really taken on liability for total costs for the refurbishment or is there a conditional 'sharing' arrangement - how much?
Isn't it peculiar that this 'asset' has suddenly raised its head - in other words is it really viable or a flyer?
Has JP given the full picture or is there an overhang ie too good to be true.

[wilson2] 10/2/2022 13:04

Beautiful day today, appreciate what you have and not what you would like