Tomco Energy Share Discussion Threads

[ducky fuzz] 05/1/2023 15:04

LOL

Although what comes first the duck or the egg?

[stuart little] 05/1/2023 15:03

Let's not count our duck eggs just yet!

[stuart little] 05/1/2023 15:02

John is employed by tomco, tomco will be a shareholder of GF. Probably with john as a board member of GF. All dependant on this deal being completed of course!!!

[ducky fuzz] 05/1/2023 14:58

So will TOMco pay John or Greenfield ? Or both LOL ?

[the diddyboys] 05/1/2023 14:57

He has to be SL I would have thought to look after our interests but I expect he will not be the top nob, so hopefully JP will have time to consider other possibilities.

[ducky fuzz] 05/1/2023 14:54

Be good to talk about something definite.

[stuart little] 05/1/2023 14:53

Will also depend on whether john is retained on the GF board and his responsibilities.

[talais] 05/1/2023 14:52

And with valkor and another large company involved the capital growth will be interesting

[the diddyboys] 05/1/2023 14:50

Hopefully, the warrants are taken up so JP has the funds to look for other deals.

[the diddyboys] 05/1/2023 14:48

So we could have an income share with a good dollop of capital growth. Nice.

[stuart little] 05/1/2023 14:47

Don't fret about warrants, it's not that important. It would bring in a decent chunk of cash but might cause short term selling as they clear through. Not a long term issue. Also, we are miles from them being considered taken up!!

[stuart little] 05/1/2023 14:45

Again we don't know what Tom will do. It has other leases that, with a war chest, might be able to exploit. Yes excess funds would be returned, I'm sure large shareholders would see to that.

[ducky fuzz] 05/1/2023 14:44

I think a big thing for us are the warrants that expire at the end of February.
Will our share price go up enough to bring the warrant purchase into play and is that good for us non warrant holders?

[ducky fuzz] 05/1/2023 14:43

What I'm struggling to get my head round is if TOMco gets this % equity in Greenfield what will TOMco actually do ? Is it just going to be just a cash shell with an annual income? Plus will this income be returned to shareholders?

[ducky fuzz] 05/1/2023 14:40

A company can have lots of potential, but if it can't get funding then it's going nowhere.

[stuart little] 05/1/2023 14:39

It also looks on the face of it (we got very little info) that this deal cancels the previous deal that would see a massive amount of shares going to Valkor.

[the diddyboys] 05/1/2023 14:32

Did someone mention XTR????

[ducky fuzz] 05/1/2023 14:32

I think the shareholder approval is a cast iron certainty. Either we do this or we are screwed. Are Turkeys in favour of doing away with Xmas?

[stuart little] 05/1/2023 14:30

You're not going to draw me into share price predictions I'm afraid. Higher than today is all I'd say. Don't forget the deal will still need shareholder approval a few weeks after being announced.

[ducky fuzz] 05/1/2023 14:30

So under or over 1p on the first rns ?

[stuart little] 05/1/2023 14:28

I'm hoping for at least £2m as an upfront payment. Coupled with the £1m that should be in the bank, once the Valkor loan is repaid (principle amount £1m) Tomco will have a healthy bank balance. Then we need projections on revenue timescales.

[ducky fuzz] 05/1/2023 14:27

Give me some guesses please. Say on us keeping 10%.

[talais] 05/1/2023 14:25

Depends on percentage, and how much detail of future revenue, if it happens it will be the start of Tomco energy, (at last)

[stuart little] 05/1/2023 14:25

It will depend on the terms of the deal. How much retained equity in GF, how much up front cash, level of info in the rns about what our cut could be worth, timescales to revenues.... historically RNS's have been written very poor. But based on some numbers I've crunched it will (could) be a game changer here.

[ducky fuzz] 05/1/2023 14:21

When we get [hopefully] confirmation of the equity sale in Greenfield what do you think will happen to our share price on the day?