Tomco Energy Share Discussion Threads

[fenners66] 30/6/2023 07:52

From today's interim results

"an ongoing exercise seeking to secure potential funding of up to US$200 million for Greenfield."

Finally the company is starting to catch up .
Remember where you read that figure first . I have been saying it for many months.

The gamblers thread were touting a figure of $100m for a long time saying it was in the middle of a range.
I said from the start it was too low.
And had to move the figures on for inflation etc.

Now Tom has concluded that their initial estimate was wrong by 75% !
I suspect that $200m is now light.


Perhaps the gamblers can now see that we have been correct every step.

Perhaps the gamblers can now see its fantasy - $200m for a company that cannot borrow $0.5m to repay a 28% loan ? Dream on.

[lukeisbackontrack] 30/6/2023 01:10

Rmart you were talking of dreams recently. Imagine for a moment that Instead focusing on this dog imagine you would pick a winner, I mean anything which goes up only and consistently down(at least a decade timeframe) Imagine your life now decades later, all those profits for generations. Why are you stuck with a looser? When will you get it? Is delisting the only alternative for you? X10 will probably get you in -89.99% when will you wake up?

[fenners66] 29/6/2023 21:55

rmart did you notice Mike Ashley's holdings rns for Debenhams ?

That went well.....

[lukeisbackontrack] 29/6/2023 21:10

Rmart get off the cheap wine and get back to your cozy thread. How many holding rns there were over those 2 decades you were ramping this dog? You jump on every each one of them like a kid in the playground. Look where is the Sp and your portfolio muppet

[rmart] 29/6/2023 19:36

2x holdings rns, no doubt they are also stupid?

[rmart] 29/6/2023 18:39

No doubt the dark side will say these institutions are also very stupid! Lol, over to fenners and the Diddymen. Enjoy the responses.

[goulding1215] 29/6/2023 18:33

I think someone should remind the BOD that we heed an AGM next month, we don’t want to miss that like the annual results resulting in another fiasco following that omission.

[haggismchaggis] 29/6/2023 16:48

Cantor went from below 5 percent up to 241,300,000 in one jump.

[haggismchaggis] 29/6/2023 16:47

And Cantor Fitzgerald holdings RNS out too.

[blobber] 29/6/2023 15:45

almost doubled

[talais] 29/6/2023 15:27

Holding Rns have Spreadex just increase their holdings

[rmart] 29/6/2023 13:48

So what happens after Friday if no news on funding. Are all the large holders just going to accept yet another ‘coming soon’ message?

[deb81e] 29/6/2023 10:59

Apart from trade No3 all are buys

[jaynealex] 29/6/2023 09:25

OK I missed or forgot that

[lukeisbackontrack] 29/6/2023 09:21

"If Rmart thinks it is good news, I will go along with that, he normally gets it right. Just waiting for finance."

Normally gets it right ! LOL

………;……̷0;.

This is exactly type of investor who allowed this dog to trade for so long and allowed several delusions and paid healthy salaries. Good old rmart took a big part of it almost for 2 decades. Oh well

[eric120] 29/6/2023 09:21

Vauch: I agree - Halifax .0814 to buy.

[goulding1215] 29/6/2023 09:13

I was waiting for that Rmart!!

[vauch] 29/6/2023 08:58

I see all the sells are buys as usual games being played

[fenners66] 29/6/2023 08:34

jaynealex - Valkor GAVE away Greenfield for nothing !

Have you never read any of this ?


IF Tom / Greenfield raise $200m + and set up a CORT plant within about 18m then Valkor stand to gain 30% of TOM.

But as we knew that is not going to happen - they cannot even raise $1.5m....

[fenners66] 29/6/2023 08:32

I thought this comment was funny !

goulding1215
29 Jun '23 - 08:06 - 30712 of 30715

"If Rmart thinks it is good news, I will go along with that, he normally gets it right. Just waiting for finance."

Normally gets it right ! LOL

[rmart] 29/6/2023 08:23

We now own 100% of greenfield.

[jaynealex] 29/6/2023 08:20

I had to double check ..these are so bottom drawer now I thought my memory might have been failing or I'd missed something

[jaynealex] 29/6/2023 08:16

Rmart ..extract from the header

On 19 June 2020 TomCo announced the formation of a new joint venture called Greenfield Energy LLC, owned on 50/50 basis between TomCo and Valkor.

Valkor bring expertise from its experience working with Petroteq Energy, an oil sands specialist also based in Utah, which uses its own proprietary separation process. Valkor holds a licence to use the Petroteq process within the USA. Under the Greenfield JV TomCo and Valkor will apply this technology to establish a 10,000 barrel per day production facility once the technology has been fully validated and a suitable location for oil sands extraction has been identified.

This process has a number of advantages over conventional oil sands separation techniques:

A modular, scalable extraction plant
Lower start-up capex
Lower water requirement
By-product of clean sand, requiring no expensive remediation
Output of sweet (low sulphur) heavy oil, potentially suitable for use as marine bunker fuel, with no further refining

[goulding1215] 29/6/2023 08:06

It looks like a lot of conjecture at the moment. Best to wait for news. Although with TOM, that could be forever.

If Rmart thinks it is good news, I will go along with that, he normally gets it right. Just waiting for finance.

[rmart] 29/6/2023 07:39

We own 100% of greenfield not 50%.