Tomco Energy Share Discussion Threads

[the diddymen] 28/5/2022 18:09

Lopo, I agree there are plenty of them around. The companies exist because investors who will invest in them exist, and then there are the real parasites who trade them knowing that the company has no business model, but pull together a concert party and hype the boards and make a bit of cash (at someone's loss).

In the meantime the brokers, lawyers, NOMADs etc will all take their cut.

[lopodop] 28/5/2022 07:14

PQE is yet another non business. Expect nothing and therefore no disappointment.

[fenners66] 27/5/2022 22:35

So PQE closed at 34.5c
Tells me the combined minds of the whole market do not believe the Viston offer will happen.

I have been of the opinion it looked to good to be true...
So what then for PQE ?

[lopodop] 27/5/2022 20:39

TD
This is just another nonsense on AIM.Really investors should not have to put with this nonsense-why do they?
How can this be deemed a going concern by the Board and auditors when TOM cannot be classed a business - merely one inexperienced individual who sets up companies into which are installed a series of supposedly inter linked transactions that achieve precisely what?

[the diddymen] 27/5/2022 19:35

Fenners, that is a significant discount. No time to hold your breath.

[busamitch] 27/5/2022 18:16

Just checked and trading now in HL

[fenners66] 27/5/2022 17:47

PQE share price stabilised at about 36c

But the "offer" on the table is supposed to be 74c

Seems like the market does not believe its definitely going to happen.

[the diddymen] 27/5/2022 17:14

Oh well another week without an RNS.

Lopo, when something looks too good to be true, it generally is.

That there is no RNS on financing the $200m is no surprise, but where is the RNS on the drilling.

Plenty to go wrong here, particularly if PQE/Viston festers.

[vauch] 27/5/2022 15:34

PQE not showing as tradeable on H-L

[busamitch] 27/5/2022 12:52

Well, PQE is up 90% pre open, so we'll see.

[fenners66] 26/5/2022 18:28

I note also that since the first "bid" by Viston the Swiss Franc has dropped about 4% vs the US $ - it was down even more.
So if it ever happened it would cost Viston's investors even more ......

[vauch] 26/5/2022 13:13

Thanks Busa, will be interesting to see where it goes with many locked in.
Will some sell and drop it into Tom

[chadwick123] 26/5/2022 13:02

Many thanks damac, your knowledge is very much appreciated.

[lopodop] 26/5/2022 12:14

Viston looks too good to be true and most probably will not crystallise. But it looks attractive to you know who!

Is Vivakor actually paying - if so where is the proof JP?

[busamitch] 26/5/2022 12:09

PQE trading again on TSX tomorrow.

[ajj2003] 26/5/2022 10:51

Do not forget the revenue stream from Vivakor coming online H2 this year plus the monthly 30k contributions to the kitty ;)

Communications certainly need to improve as Vauch has said and hopefully when the tie up with Valkor is finalised, a coherent and proactive PR stream will materialise.

[vauch] 26/5/2022 10:26

But at the same time it is ridiculous the way the co cant communicate to it holders to the situation we are in

[vauch] 26/5/2022 10:25

If I had the sums that some have coming from PQE and to be involved in this the Tom is the only way now so I would not hesitate to put the funds to good use.

[goulding1215] 26/5/2022 10:24

Actually, thanks for that damac, becaus I have been perplexed as to why TOM is dependent on PQE. Tom, as far as I know have finalised their business with PQE last year.

[vauch] 26/5/2022 10:24

What if funding is coming via one of the largest PQE holders and they need funds to clear before committing.

[damac] 26/5/2022 10:22

All rational and thought out opinions (like yours) are welcome here mate.

I guess what I'm trying to say is that even if the PQE deal didn't go through, it doesn't necessarily mean that the Tomco/Greenfield business model/strategy is screwed. That is why for me, the priority should be to bring an income stream online first that has nothing to do with the PQE technology. Bringing the in-situ wells programme to fruition first opens up different options for Tomco/Greenfield going forward regarding other finance required.

[chadwick123] 26/5/2022 09:38

It’s only my personal opinion damac and I’m sure you have a much better idea than me what’s going on, but I’m thinking the delay in finance is related to the PQE takeover, with regards to reassuring the potential lenders that this technology is viable. If Viston are prepared to pay this kind of money for the PQE licence and technology, then Tomco’s future will start to look much brighter, with regards to obtaining the finance.

[jaynealex] 26/5/2022 09:37

I was going to say the same

Investors selling PQE shares and buying Tom shares on the market do not provide Tom with funds

It might improve the share price but that's all

[damac] 26/5/2022 09:23

I have to disagree with that Chadwick. For me, the future of Tomco/Greenfield is in its own hands, what happens with PQE is irrelevant.

Priority should be to obtain the required funding to drill & commission the production wells. To do so means they:

1. Generate an income stream that secures the longevity of the company.

2. Provide some comfort to potential lenders of larger funding required for any oil separation plant. Lenders would obviously want to see where repayments are going to come from.

3. Allows Greenfield to re-evaluate their strategy, knowing that they have an income stream that can offset previously thought funding requirements.