Tomco Energy Share Discussion Threads

[rmart] 12/12/2022 15:58

interesting large buys appearing.

[the diddymen] 12/12/2022 13:31

Disclosed trades are a bit strange today. I do watch trades from time to time but I cannot say that I have seen two reversals in quick order like this before.

[lopodop] 12/12/2022 09:13

The non execs may privately share some of shareholders' frustration - JP's future involvement may be under review - his removal possibly helps them to shift blame - Sellout to guess who and partners leaving a residual interest fOr TOM. In effect GROAT will have acted as receiver and tried to make best out of bad job. At least there would be some semblance of action but little otherwise. TOM can then go back to sleep.

[danmart2] 12/12/2022 07:15

Fair point

[the diddymen] 12/12/2022 06:50

danmart, gloating gets no one anywhere but there are one or two players on the other board who are active parties in deceiving fellow shareholders to their potential gain.

[danmart2] 11/12/2022 20:54

It’s both sad and disgusting in equal measure how TOMco has taken so many investors for a ride

Can everyone agree not to gloat when this whole deal gets kicked down the road again.

TOmCO management are a disgrace

[fenners66] 11/12/2022 20:16

TD - No I don't think he's party to anything , he's just being opportunist.

Fundamentally TOM is constructed to have a stream of RNS's to be release via their timetable , each of which , "could " have some good news , but always has no news or postponed news with some bad news bundled up.

Its the thing with narrative companies , its the stream of narrative that is important, not any business or profit announcements...
The accounts just get in the way an inconvenience to the directors , a chance for reality to bite....

But the gamblers ignore the real news and focus again on the maybes.....

[thrgef] 11/12/2022 19:02

One of the plants could be on the D tract

[lopodop] 11/12/2022 18:39

TD
DO YOU MEAN MISINFORMATION?

[lopodop] 11/12/2022 18:30

Vauch and others
For heaven's sake you are shareholders - Groat and the others are NOT. EMAIL THEM OR TELEPHONE THEM - contact information is on line if you use your brains. DEMAND to know what is going on with your company. Be quick as Groat will be going off to his offshore pad for Christmas.
One of the problems has been sheer apathy shown by shareholders - the Board has treated you like a bunch of simple minded folk for too long.

[the diddymen] 11/12/2022 18:24

Fenners I suspect like you I have constant concerns that Reichsmart has information which gives him an unparalleled position to start rumours and make money while the DF's of this world are shafted.

Eh Reichy.

#shafted

[vauch] 11/12/2022 15:37

All speculation, we know nothing and we will be kept in the dark until Tomco want us to know.
We have more twist that the Amazon river,

[talais] 11/12/2022 15:24

So valkor gave up 50% of greenfield to gain 29% shares if they secure funding for the POSH build only, so they have no tie's to the 320 acres lease, there seems to have been a lot of work done on this lease, I guess valkor have been paying for it, in the last rns they said they are looking at giving up a present of greenfield , could that be valkor,

[rmart] 11/12/2022 15:10

this is worth a read. Interestingly the D tract is 320 acres. The same size as the greenfield lease. So it is only reasonable to assume this is our lease area.

There are 25million barrels of bitumen on this lease. Section 4-27.

[fenners66] 11/12/2022 13:25

rmart appears again when the share price reaches the bottom , with doubt about financing....

only to suddenly rediscover another option for a business ....

what a coincidence..

Now a week or more of ramping to follow, pending the "known" end of the year announcement which TOM has to make.

True to form , it will be spun as "potentially " having good news so all the gamblers can stay in or try again at the new lower price...

The narrative which has kept this basket case going so long will be regurgitated - this time with plan "P " or whatever letter of the alphabet they are up to by now ....

Like buying lottery tickets,it could be you, except this is supposed to be investing not gambling..

Before the inevitable , postponement together with a carrot of maybe better news to follow and the caveat of "inter alia nothing may come of it"

So as I asked straight at the start of this , what happens when they cannot afford the 90%?
There was a list of questions to be asked at the AGM - all the pertinent questions were ignored - the gamblers with fingers in their ears didn't ask that one.

[goulding1215] 11/12/2022 11:54

Well done JP.

[lukeisbackontrack] 11/12/2022 11:03

In Rmart we Trust

[rmart] 11/12/2022 10:37

Yes, it is in the rns. It seems to be a good bit of protection business by tomco.

[talais] 11/12/2022 09:51

I totally missed that, I thought this leases was part of the total, but as below is totally separate to the tar sands 2 lease, if correct things aren't looking to bad, is this correct.

[rmart] 10/12/2022 21:46

CHESHIRE2,

I had forgotten about that lease. This means we could actually just move forward and drill the wells without buying the90% and just pay the royalties. Could that turn out to be the better option?

If each well produces 100 bopd and only costs $100k to drill then with the recent fundraise they will have the cash.

This also takes away the possibility of someone else buying the land as the lease would still be valid.

[lopodop] 10/12/2022 20:00

George Lincoln
Some here are investors not scroungers! They have been misled and tricked!