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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% | 0.0385 | 0.037 | 0.04 | 0.0385 | 0.0385 | 0.04 | 7,576,644 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Drilling Oil And Gas Wells | 0 | -690k | -0.0002 | -2.00 | 1.27M |
Date | Subject | Author | Discuss |
---|---|---|---|
30/11/2022 13:34 | I’m hearing someone is copying my posts from here and pasting on LSE. Common courtesy to ask first. | damac | |
30/11/2022 13:31 | all those trades going through and the chart straight lines.... I guess there is a very large sell order being worked in the background. | fenners66 | |
30/11/2022 13:26 | You lot are utterly beyond hope. You have all again like Rumplestiltskin spun straw in to gold. What delusional minds you all have to cope with. You even turn to a broken clock like Damac, for you to get your platitudes and 'it will be alright' pats on the head. But unlike a stopped clock, he has never been right. You are all here to the bitter end and we can only watch and wonder what failed minds must there be. Dear me! | thesageofsaint | |
30/11/2022 13:12 | I am more than happy with a free carry proposal. To hold a GM 14 days notice needs to be given so hopefully we will hear something soon at which point I expect more flesh will be put on the bones so that we can consider what to do. | bountyfull | |
30/11/2022 13:05 | DAMAC come clean! Otherwise some here may consider you to be Potter’s lackey. You need to clarify your position and the source / s of your information. | lopodop | |
30/11/2022 12:20 | DAMAC appears to be a TOM spokesman - conduit for Potter no less! Why? | lopodop | |
30/11/2022 12:17 | We said over a year ago - no way they can pay the remaining 90% of TSHII How could we be so confident - and so correct ? The deluded have spent more than a year telling us that they would get funding , soon. Now its 100% clear that funding is not going to happen before 31-12-2022 but most likely Never. Surprise !! The land is massively overpriced - what is it 240x the cost of Valkor's next door. They "arranged" an "exclusive" option when they could not pay the deposit. Of course it was exclusive - no one else wanted it for the last 7 years ! So of course the deal will be postponed Most likely with $250,000 option "fee" That £925k has to be spent on something ! Watch this space...... | fenners66 | |
30/11/2022 12:05 | jaynealex, Re talking to the owner of TS2. I would hope that Tomco have already had such a discussion with the owner whereby the owner would be open to extending the "exclusive option, at its sole discretion, to acquire the remaining 90% of the Membership Interests for additional cash consideration of US$16.25 million" if necessary. If they owner is willing to extend the option, it would mean that Tomco would still hold the ace card. Its all about location, and going forward Tomco would HAVE to be included as the parties behind the proposal would not be able to secure the assets to progress Disclaimer: Assuming that Tomco can remain solvent of course. Which may well be the motive behind todays cash call. | damac | |
30/11/2022 12:04 | Groat should admit to failure and call in a receiver to conduct an orderly closure. How on earth he became chairman of Harland and Wolf beggars belief after this debacle. | lopodop | |
30/11/2022 12:03 | True Jay, and on that note as I am still having to earn a living I must get on with rebuilding a three hydraulic pump set and get this remote machine back into action. At lease on a positive note I did not put my 12.5k bonus into this last week. | vauch | |
30/11/2022 11:38 | After all these years I've become very cynical Can we really believe that RNS ? So many things can change ..look at the history The reality is we will only know if and when ! | jaynealex | |
30/11/2022 11:36 | Or have they already talked to the owner and agreed to pay to roll the date | jaynealex | |
30/11/2022 11:35 | The legal types on here ..is there enough time to issue an AGM notice etc and bold it before the 31 Dec | jaynealex | |
30/11/2022 11:30 | Well in that case there is a lot that needs to happen before the 31st Dec. I hope I'm wrong but I feel we are getting stitched up big time. | bungeetrader | |
30/11/2022 11:30 | It all sounds very reasonable ..but we've been here before Let's see if the finance deal is completed before the 31 Dec and the 90% option purchased by Greenfield Hopefully it will be | jaynealex | |
30/11/2022 11:30 | Goulding, The decision on shareholders to approve any proposal would hinge on what the estimated market cap of Tomco would be on conclusion of such a deal and what that means in terms of net asset value per share. Which in turn will determine any movement on the share price | damac | |
30/11/2022 11:25 | Haggis, I agree, in such a scenario, Tomco would essentially be farming out 'X' percentage of the pot in return for all funding required to develop all the projects on TS2, then just sitting back and taking their percentage share of revenues with no requirement from Tomco to finance any future costs on the site. And that's why it is crucial that Tomco provide shareholders with the necessary data to make an informed decision at a General Meeting. | damac | |
30/11/2022 11:24 | Thanks for the update Damac as to how I see it now is after Damac assessment which is normally fairly accurate accurate. Just need some gaps filling in which should come soon. I would see it as TOM being relieved of some debt and some future income, which could balance out, depending upon how the cake is carved up. Will be interesting how the share price moves from here. So much for oil production before Xmas. | goulding1215 | |
30/11/2022 11:12 | They never did produce oil from sand, so having two plants not producing oil from sand doesn't make sense | wilson2 | |
30/11/2022 11:09 | I can't see a buy out .. Either everything goes ahead as in today's RNS or The 31 Dec arrives , finance not agreed , option lapses , valkor step in and buy the 100 % land But Greenfield would still have the ISP of which Tom owns 50% ..so some new deal at reduced benefit to Tom So I think Valkor can stop here and honour the deal so as not to tarnish it's reputation or they can continue to screw tom for everything Only time will tell | jaynealex | |
30/11/2022 11:04 | It's not always as bad as you might think! . One of my other stocks (AEX) did something similar a while back, farming out it's Tanzania gas field to ARA Petroleum, as AEX did not have the huge cash needed to develop the field. It dropped from 75% ownership to 25%, but in return it got $35m in carried development costs, enough to get it to big commercial revenues from that field, and now it has cut all unnecessary costs and is sitting back waiting for the revenues to come through (which have since been brought forward by a year by the Tanzania Government, as it is fast tracking the pipeline to the gas plant). Once the revenues are flowing in, the low operating costs will leave them with big profits and a much higher share price than when they owned 75% but had no money to develop the field. . This is just an example of why a small percentage of something is better than a big percentage of nothing. | haggismchaggis | |
30/11/2022 11:01 | fantasy island getting warmed up TSHII Not one but two sand processing plants - though please note it no longer refers to CORT since they spent $1.5m on it its gone quiet. 14 wells .... But suspend disbelief about CORT and that lot adds up to $300m They cannot find anyone else to lend $1m ... Deluded | fenners66 |
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