Tomco Energy Plc

0.00 (0.0%)
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 Shares Traded Last Trade
  0.00 0.0% 0.155 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.145 0.165 0.155 0.155 0.155
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Drilling Oil And Gas Wells 0.00 -10.02 -0.70 - 3.07
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.155 GBX

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Posted at 26/5/2023 12:49 by fenners66
In response to any of the blatant rampers ; who posted questionable predictions and bought into any positive narrative they could dredge up - without any critique - why would we spend time over the last few years posting and questioning the efficacy of TOM's or PQE's plans ?

Look at the lack of RNS from TOM despite finally reaching the "end " of their "option " period.

Look at how it could be that Novum get a "put option agreement" to (I guess) ensure they cannot lose on the conversion of loans to shares. Cannot Lose.

Meanwhile TOM creates nothing , pays high directors remuneration and issues millions of shares to dilute the only part of this equation that actually matters and so trash the share price , to the detriment of the gambling Shareholders.

Share price at or near all time lows.

Why exactly would we invite the gamblers to be more circumspect , to question the RNS's and accounts detail ?

Take a close look at the details and the share price ....

Posted at 16/5/2023 17:08 by fenners66
I see the gamblers think that Novum clients are buying "cheap" shares off them today.

Hello !

The shares have already been sold starting higher up - gamblers go and ask the directors what the full terms of the "Put Option Agreement"
we told them that Novum would seemingly have the opportunity to trash the share price for a guaranteed 15% profit + their turn on how much lower the share price could go down, but still they cling onto unreality!

As for the conversion price -

16 May '23 - 14:41 - 30378 of 30384
Conversion at .163, now let’s see them rise it for their profits."

He cannot even get that correct !
Read the RNS again it says "conversion price has been determined to be 0.16133 pence"

I have no doubt there will be someone trying to lift the share price ....
so Novum can rinse and repeat , selling high , the o/s £50k , trashing the share price and buying much lower +15% discount.

Now all they need are some more willing gamblers , perhaps someone can spread some baseless rumours ?

Posted at 11/5/2023 11:52 by fenners66
Crocodile tears or is that crocodile whinging from rmart

the same who posted this wanna be influencer post.....

"rmart - 11 Nov 2021 - 18:47:39 - 23885 of 23957 TOMCO - TURBOSHALE - Commercialising Oil Shale Production - TOM
Here is my opinion on where we are. We MUST be very close to finalising this deal with the third party and the funding to drill the deeper ground and secure tar sands 2. Why? Because if it was in doubt there would have been a placing being worked by now and myself and some others would have heard about it and there is NO fundraising that I know about being worked at present 'FACT' and this can only mean the deal is due for completion. So in my opinion we will get the news on Monday or Tuesday, wether it means a few more days or if the deal is done matters not. The result is the deal will be done imo and again imo the share price will the move to in the pennies not fractions of.

I have not been sat doing nothing during my period of non posting on here, I have been doing my usual digging and I have found who I believe is behind this funding, I am not prepared to put names on here but I believe we are dealing with extremely wealthy people and it would not surprise me if it is the same people behind the Petroteq takeover attempt."

Over 2 years ago and no nearer , arguably with such a weak share price for any equity involved further away.
Been telling the gamblers for years, but they know what they would rather listen to....

Posted at 10/5/2023 10:14 by fenners66
At the risk of repeating myself....

Another all time low ?

Despite everything we have explored all of the dissection of the RNS's this low still comes as a surprise to
the gamblers.

To be clear , its not about the share price , they go up and down on a whim.

It's about the no business, massive losses, even bigger pay rises, endless excuses, false promises and no realistic
prospect of ever achieving their stated goal of $200m + funding an unproven idea, and now having no clue and not communicating anything....

Those facts cannot be avoided.
With no fundamentals the share price has to react eventually.
That is the difference between investing and gambling.

There are so many investments to look at and the gamblers chose this rubbish instead.

Posted at 03/5/2023 21:36 by the diddymen
Lopo they may have been hooked on the narrative but this latest committed loan and put option has changed the language. Shareholders have historically supported the share price by taking up any slack.

The difference now is that shareholders, less the trilogy, have worked out they are getting scammed with each placing/put option in order to ensure that the directors (who have not invested) live in the style to which they are accustomed.

Just after TOM announced the latest raise I did speculate that this could prove to be problematic.

The sensible shareholders will be selling into any rise and recovering what they can.

(My earlier post 16938 "In my view this could yet haunt TOM in the coming year. Basically shareholders who have lost shed loads already are now going to have to stump up another £1m. The elastic band may just be overstretched.")

Posted at 03/5/2023 16:50 by fenners66
rmart knows better than to question the share price going down based on advfn estimate of buys and sells.
Fast turning in comical Alli - you know "we will defeat the Americans " whilst US tanks appear in the background....

I suppose the market was left open specially at 4.35 for that buy was it rmart ?

When the share price is dropping like a stone and there is at least 100m hangover , no business , no update (late again) how can you have a conspiracy theory ?

Posted at 03/5/2023 15:22 by rmart
dont worry, when the company broker (Novum) has driven the share price low enough to suit them and their clients so they can convert the 250k to shares at the price they want they will then release the news to set the share price off upwards.

It will come, just fingers in the till time first.

All in my humble opinion of course.

Posted at 27/4/2023 11:27 by fenners66
I guess the rapid fall in share price means the dilution is increasing when that conversion comes....

At the current share price (assuming its allowed to plateau and that is improbable given many more shares to sell)
the first tranche would be about 5% of the company.
That would make £1m loan conversion over 20% of the company
However it could be self perpetuating after all since there is no given definition of the "Put option agreement"
surely Novum can trash the price to try and make a profit ?

Posted at 22/4/2023 08:17 by the diddymen
Working the cash flows backwards the auditors wanted to see cash to cover the on going business until 31 March 24 plus a cash reserve that complements the narrative (due diligence of deal). Assuming a DD provision of £250k and £1.5m of overhead + interest, (£1.75m) that means that TOM will have had a cash balance at sign off of £750k (£1.75m less the committed £1m loan).

The £750k represents 6 months of cash burn.

TOM cannot leave the cash raise to the last minute so assuming a three month buffer, the latest they will want to draw down the the first instalment(s) of the loan by will be end of June.

The only news that might enable Novum to place the put options will come from drilling in adjacent plots. I believe that a decision is expected at the end of May after the drilling re-submission to account for an error in the calculation of the position of the rigs. By all accounts this is a highly novel and potentially complex extraction process (QED error in calculation). The only news that TOM/Novum can assume by the end of June is the outcome of the drill licence. Outcomes can cut both ways and for TOM they need the calculations to be right this time, and the committee to agree.

Thereafer there is far less certainty on the timing of news.

Raising cash for TOM to survive is not going to be straight forward and the auditors needed to have been absolutely certain that the Chairman's use of the word 'committed' in his recent report ("committed unsecured convertible loan facility of up to GBP1 million") was appropriate.

There is nothing that TOM can do to change or influence things at this point because they are no longer financing the narrative.


Posted at 12/4/2023 21:45 by fenners66
I noticed another company that has had funding from Novum securities recently.
So I decided to look up Novum and lo it has a page referring to recent transactions / clients.
It was fairly easy to look at the clients and see their share price histories all clients since last October....

What do the gamblers reckon Novum's client performance over the last 6 months or so is ?

Ok I know they hate facts when there can be some meaningless qualified caveat narrative instead , but here you go......

11 clients , one came to market last week and when I last looked their share price had not moved at all.... (World Chess Plc)
The others ?

That's the intriguing bit...
ALL down
The simple average is about -46%
One down about 99.7%
One down about 97.8%
The best was -17%

Made me wonder how unlucky Novum are , that they are associated with companies who share prices fall after their recent involvement....

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