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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tomco Energy Plc | LSE:TOM | London | Ordinary Share | IM00BZBXMN96 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0275 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 0 | -2.35M | -0.0006 | -0.50 | 1.07M |
Date | Subject | Author | Discuss |
---|---|---|---|
03/3/2022 09:17 | I wasn't drawing any business comparisons merely unforeseen delays that can hit a share price. It seems ok for 'yours' to drag out its operation but when it happens here it's something sinister. Also your insistence on posting here and not on the stock you own, on an RNS day, unusual wouldn't you say? | stuart little | |
03/3/2022 09:07 | Not 6-9 months....yet. The difference with TOM is that there is no speculation in the business narrative at XTR. The deposit is materially proven, the question is how much more is there (is there a third porphyry), what is its sale value, and then what you allude to, when will it happen? The contrast with TOM could not be starker. | the diddymen | |
03/3/2022 08:35 | So a curve ball was thrown in that has pushed their plans back 6-9 months. Everything ticketyboo with your stock choice then eh? Kettle, pot, black. Have a good day! | stuart little | |
03/3/2022 07:21 | HaHa Stuart you will need more than a spade to dig up 2MT of contained copper! XTR are clearly unable to work out what happens between the two porphyrys - that is a nice problem to have. Given the political risk I would prefer a bird in the hand. The use of geophys will I think push the sales mechanism back to the second half of the year. | the diddymen | |
02/3/2022 20:19 | Sands sounds apt - but that's already a casino isn't it ? | fenners66 | |
02/3/2022 18:16 | Fenners66 Surely the derelict plant income is assured - JP can't have got this wrong - can he? Of course he may alternative designs here eg a massive cake baking operation with outlets throughout USA trading under style of 'SANDS'. | lopodop | |
02/3/2022 17:53 | lopo - but you forget the yarn about someone (unnamed of course ) wanting to pay a fortune to use the derelict plant as a refinery..... That potential (which may never come to pass) is enough to dine out on for 2 years... Moreso if shareholders stick to the party line and ask no questions... | fenners66 | |
02/3/2022 17:43 | SL With due respect to you personally, surely you must see that TOM is in a tricky position and the drilling even if it starts soon is likely to be fraught with problems of one kind or the other and unlikely to generate reliable cash flows. The whole funding plan was perhaps misjudged and therefore difficult to achieve but JP with his inexperience got sucked and he managed to suck Groat and Castro in as well as persuade some investors. Now the BOD may be struggling to work out another plan and of course with auditors on their backs. They expect investors to wait in silence and with all due reverence whilst TOM hovers. Assuming this is another watershed moment in TOM's life, how can Groat and Castro try to save their reputations. They could blame JP for poor due diligence and argue that as non execs they were not party to the detail. This could give them an exit, the excuses being they have other interests to focus on and leave the remaining non exec to fumble with the pieces. It's a fair way to get out and maybe it is true. Naturally they will require pay offs and TOM is rather good in this regard. Or Groat could explain to investors that there were too many technical issues for a small operation to handle and suspend drilling and sands - maybe SB can cut a deal over the lease commitment and agree a severance with TOM. This could leave TOM a shell with its RF to resurrect and a new funding campaign. Obviously this sounds pretty worrying, but better some plan than receivership. Of course there may be a white knight in discussions, there usually is / are but at what price to investors? Better to be very realistic now whilst hoping that JP can produce a mega coup and justify the support of those who have carried him and the non execs for a very long time. | lopodop | |
02/3/2022 13:47 | Greenfield will no doubt utilise a local independent drill team. Not sure what conclusion you draw from that. I guess you are intimidating Valkor are drilling, you would be wrong. | stuart little | |
02/3/2022 13:40 | TD - what the La La's are choosing to ignore in their euphoria about drilling is the presumption is based upon drill data from 2012/13 which obviously has been known to the TSHII landowners the whole time and the previous bankrupted company before that. Now they seem to think that despite this work having already been done by experts and along with all the other work in the area going back to the 1970's suddenly TOM has something new. TOM with a history of failure and no experts of its own suddenly has noticed what the industry (including Majors) has missed for 50 years! No not the "innovative " CORT tech - that too has been failing for over a decade - but conventional "cheap and easy , dirty drilling". Despite TOM having zero expertise in house. But was this really TOM's discovery ? Or was it the discovery of those that TOM will have to pay to drill for them ? Draw your own conclusions. | fenners66 | |
02/3/2022 13:33 | Last year performance. XTR 12 months 8p-5.5pTOM 12 months .45p -.575pTough game eh!? | stuart little | |
02/3/2022 13:08 | Lopo, when the runway runs out, the outcome can be uncertain! Thanks Fenners - they may have more time then - not that they will have sourced the funding. The drilling is their only option and there are big questions on the extraction process. There is no time for anything to go wrong. The crude will have to be converted to cash. Plan B should include JP and a spade. | the diddymen | |
02/3/2022 12:45 | Fenners66 Apologies - something arose relevant to CH - not AIM! | lopodop | |
02/3/2022 11:57 | lopodop - I don't know if that comment was aimed as a counter to my point or not -but my point was AIM related not CH. | fenners66 | |
02/3/2022 11:36 | TOM has not filed accounts with CH since 2009 on basis IOM company. | lopodop | |
02/3/2022 11:30 | I would now like to see all overseas property's own'd by Putin's backers seized and used to house the refugees of Ukraine. | vauch | |
02/3/2022 10:50 | TD "Concurrently, the London Stock Exchange has also confirmed that the temporary measures put in place last year to allow AIM companies to request an extension of their reporting deadline remain available until further notice. The temporary reliefs for AIM companies are: An additional three months to publish the annual audited accounts (i.e. within nine rather six months of the financial year end date)." Don't know if that extension has ended - since I cannot find that it has , I suspect not yet. | fenners66 | |
02/3/2022 10:14 | Next will be oil embargo | vauch | |
02/3/2022 09:39 | The oil price will keep rising over coming weeks and months as companies pull out of Russia, our drilling could start any day now, | talais | |
02/3/2022 09:35 | I will be selling at 0.7 and buying again at 0.5 as usual | mwainw1973 | |
02/3/2022 08:41 | TD Tom is adept at changing course - look at its history. The chairman has a penchant for RF? ?forfeit the lease perhaps and restructure? | lopodop | |
02/3/2022 08:22 | Damac What are you expecting to happen? Hapless investors may benefit from your uptodate commentary?? | lopodop |
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