Tomco Energy Takeover Rumours (TOM)

Market Cap today GBP1.07m.Cash coming in GBP1.13m, more than the Market Cap, plus, in the results RNS of 28 June:."The Group has tax losses in respect of excess management expenses of approximately GBP15 million available for offset against future Company income. This gives rise to a potential deferred tax asset at the reporting date of GBP3.75 million".So if a reverse takeover was to still happen, the price at takeover should be multiples of the current, based on cash plus future tax offsets of GBP15m..Based only on the Net Asset Value of GBP1.13m in cash plus GBP3.75m deferred tax asset, the Market Cap should be almost 5x the current and, with farming into Valkor well(s) for a revenue stream you could argue it should be meaningfully higher.

Market Cap today GBP1.07m . Cash coming in GBP1.13m, more than the Market Cap, plus, in the results RNS of 28 June: . "The Group has tax losses in respect of excess management expenses of approximately GBP15 million available for offset against future Company income. This gives rise to a potential deferred tax asset at the reporting date of GBP3.75 million" . So if a reverse takeover was to still happen, the price at takeover should be multiples of the current, based on cash plus future tax offsets of GBP15m. . Based only on the Net Asset Value of GBP1.13m in cash plus GBP3.75m deferred tax asset, the Market Cap should be almost 5x the current and, with farming into Valkor well(s) for a revenue stream you could argue it should be meaningfully higher.

Market Cap today GBP1.07m . Cash coming in GBP1.13m, more than the Market Cap, plus, in the results RNS of 28 June: . "The Group has tax losses in respect of excess management expenses of approximately GBP15 million available for offset against future Company income. This gives rise to a potential deferred tax asset at the reporting date of GBP3.75 million" . So if a reverse takeover was to still happen, the price at takeover should be multiples of the current, based on cash plus future tax offsets of GBP15m. . Based only on the Net Asset Value of GBP1.13m in cash plus GBP3.75m deferred tax asset, the Market Cap should be almost 5x the current and, with farming into Valkor well(s) for a revenue stream you could argue it should be meaningfully higher.