Tomco Energy Share Discussion Threads

[rmart] 17/6/2023 16:48

You can’t blame anyone for believing the stories told from the top. The blame lies firmly at the top where these stories originated from. Yet the storytellers remain in position.

I very much doubt anyone now believes anything that dribbles down from the top. And those at the top know full well they have to answer to nothing or nobody.

The end of June is approaching when the TS2 land can be marketed to others. Imo this date is critical to tomco and if there is still no funding announcement then it could be a disaster.

Just awaiting the next spike too .025. Will funding come ?

[the diddymen] 17/6/2023 13:25

So over the last month TOM has fallen from 0.0018p to 0.0008. There is very little evidence of new shareholders buying into the narrative and trading appears to be focussed on existing shareholders. That the share price is 0.0008p is testament to the tenacity of the existing shareholder base.

Existing shareholders could have done worse than read Fenners posts who gave a quick and clear warning about the put option when it was raised.

TOM and Novum realised that even the shareholders finally woke up to the reality of what the RNS meant so a change of tactics was required. Up pops the placings RNS. Many shareholders read into the RNS that the shares had been placed, but that is far from clear. As ever with TOM's RNS's the key details are contained in indirect references.

It does raise the question of how Novum have managed to migrate from "an unsecured committed facility of up to GBP1,000,000 via a convertible loan note instrument and associated subscription and put option agreement" which persuaded the auditors to sign off the accounts, to an arrangement raising £500k in which Novum has the right to withdraw should TOM not meet the required undefined warranties.

I suspect that there is sufficient cash in the company to maintain a going concern, which is the auditors off the hook. Going concern appears now to mean no more than pay the salaries and remuneration of the Board.

For the shareholders going concern means that there is now a time limited window in which they cross fingers and hope that the nice Steve Byle pulls his finger out and demonstrates that the novel drilling methodology works.

[fenners66] 16/6/2023 23:04

I see a sale for 1.17m went through at 0.0764 p a new all time low ?

Closing in on the anniversary of Stuart Little telling us he would be back to gloat ... soon.

What did I get wrong again , Stuart ?

[goulding1215] 16/6/2023 19:24

No, it’s all your fault! As if anyone would believe that with 3 billion shares total can be influenced by the odd few shares million here or there. Unbelievable.

[rmart] 16/6/2023 17:31

Or should I say unwilling ?

[rmart] 16/6/2023 16:59

Lol vauch, I’m in Spain and not really thinking about it. Maybe it will fall further next week as our bod seem incapable of stopping the rot for now.

[vauch] 16/6/2023 16:36

Rmart it is Friday today so you cant add more tomorrow.

[busamitch] 16/6/2023 14:40

Well, there's your TR-1, albeit Spreadex.

[danmart2] 16/6/2023 11:06

Well said.

I wish you well with your TOMCO investment

If you want to send me a private message, I have some lovely magic beans for sale, I will do you a special price.

Cheers

[rmart] 15/6/2023 20:40

I dont believe the large holders have taken the shares. I think it is novum client’s looking for a quick turn. Yes some will hold but as ever, not many. You can now see they are being flipped, some will have taken part simply to keep the co going and will be happy to break even.

I do believe there will be a spike at some point. There has to be another bit to the story which will make that happen. I will be out as and when I get even. I will be adding again tomorrow at this level and will wait for my chance to run.

The only chance of me changing my mind is a funding announcement. But I doubt it will come. More likely it will be permits for drilling, hoodoo being chucked out or if you are right, a few tr1’s that will make it run a bit.

[haggismchaggis] 15/6/2023 18:33

I might be entertaining to you, but to everyone you're a thick pillock talking sh1te.

[thrgef] 15/6/2023 18:24

Possibly, but I don't know how large shareholders which are probably predominantly private investors can forward sell shares that are yet to be placed. Thats beyond my knowledge

[rmart] 15/6/2023 18:19

yes but they can forward sell.

[thrgef] 15/6/2023 18:16

Shares won't be released by the registrar for another week or so

[rmart] 15/6/2023 15:05

Well how can we buy at 0.008 then?

[thrgef] 15/6/2023 13:02

I very much doubt the placed shared will be flipped. They have gone to long term and major shareholders

[goulding1215] 15/6/2023 10:35

If they are going to be flipped, Rmart.

[rmart] 15/6/2023 10:18

All we need to know now is how many of the 625m are going to be flipped. At present there is no profit for the flippers.

[deb81e] 15/6/2023 10:01

Last 500k buy in sell column!!

[danmart2] 15/6/2023 09:35

This haggis chap is good entertainment

“
People can moan about the dilution, but in reality, what difference does it make?

The way I look at it is, if I had a target of 10p for TOM stock, then the 20.7% dilution just makes my target 7.93p instead of 10p.

That is still upside of 88x the closing bid of 0.09p I could have sold at yesterday, and slightly more if you buy at 0.088p today.

I'll continue taking the risk, as I feel that if there was little or no confidence in the finance coming through, NOBODY would take a placing, but they just did, go figure!
“


Made me laugh!

[danmart2] 15/6/2023 09:30

How will they flush out the latest mountain of confetti shares?

Surely there are not enough mugs in the world to buy them?

[rmart] 15/6/2023 09:29

A nice 6m buy gone through