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Valkor are Tomco's saviour. The placing price is a shame but it will come good now. Like here, money will start to come in from oil. It is a game changer for Tom and QFI.
Seems to be mostly the usual trolls, or people mad that they bought into the short squeeze and it didn't work out?
The SP decrease is the market price reaching parity with the raise price.
The plan with Valkor seems manifestly reasonable, or am I missing something here?
Some interesting postings on the LSE Tomco chat board. Worth having a look before we all get too excited.
It's just a shame about the ****-up and this wasn't the first news! I think the plan is objectively better than the first one (from QFI's perspective), as it brings forward large-scale commercial rollout. Yet the SP hasn't reacted yet! Amazing, really.
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Following a review of the planned upgrades to and the test program at the POSP, it has been determined by both TomCo and Valkor that it would be more efficient to complete all the planned upgrades and installation works to the POSP as soon as possible, rather than implement it through a phased approach.
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· Subject to agreement being reached with Quadrise Fuels International plc ("Quadrise"), the upgrade will include a commercial trial of Quadrise's MSAR® Technology at the POSP.
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Good stuff.
Great that the sp may start to move up now too which means any further conversions should be at a higher sp. Cant be many fo the last conversion left to shift as there has been over 63m shares traded since then.
Fabulous news and door wide open for us. TOM got the raise away quicker than I could have hoped after last months debacle
We are wanted and needed
Definitely. They are bringing the project forwards quite considerably by the looks of it, and MSAR is a key feature of the project proposal.
Orslega- do you think this is good news for us?