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Hi dr anomaly, glad too hear you are invested here too, i can tell from your knowledge and insight on the phe board, that you don't just throw your money into any old share so it's even more reassuring to see you here and agree there are too many positives in tomco to not be involved.
Actually the PQE COO has spent $110k, 1m at 6c and 1m at 5c. Strong sign of incoming success indeed!
Doh!! What an absolute schoolboy error! Ha! As I have shared in TOM at £0.005 I did the same calcs for PQE in cents but just realised my error with PQE being $0.05, not $0.005! Ffs! Apologies all. I’ll leave the messages on here so I can be suitably shamed! Ha!
Petroteq up 17% on TMX last night.
COO buying news was released very late - see what happens next week.
Expecting news - game changer indeed. Fingers crossed:
"Petroteq has developed a game changing, environmentally friendly, proprietary oil sands extraction technology which is suitable for all mined oil sands deposits. This breakthrough closed-loop technology may also be suitable for environmental remediation projects. After the restart of its first extraction plant in Vernal, Utah, and certification of the CORT (“Clean Oil Recovery Technology”) process the Company will shift to scaling up capacity by targeting several additional, higher-capacity extraction units within the state, which has over 30 billion barrels of undeveloped but recoverable oil (DOE Estimate). Asphalt Ridge, the location of Petroteq's plant, is one of Utah's 8 major oil sands deposits.
https://petroteq.energy/about/overview
harry try this:
$100,000/2,000,000 shares
what's the answer? lol
$0.07 CAD is the sp. Not $0.007
Harry, go and buy 1m tom shares at 0.5p, how much would that cost you?
With a financed production facility secured 5p is very achievable. Much higher when the facility is churning out 10k bopd.
https://sec.report/Document/0001062993-21-000639/
This was the previous transaction when he bought 1m to take him to 1.45m shares.
What?? He owns 2.45m shares at circa 0.5/0.6c each- how is that $100k?
0.5c is $5k for 1m, 5c is $50k for 1m., 10c is $100k for 1m. etc. Get a new calculator :-)
Morning all - am I missing something here? From what I can read of the transaction, he bought 1m shares taking his total to 2.45m shares. At circa 5c a share, thats about $12k total. Where does the $100k figure come from please orselega?
That is a fantastic sign of confidence. Tomco can fly from here straight to 5p easily. £70m market cap for Tom is nothing. Targeting 10,000 bopd and the ceo of Petroteq has just more or less told us everything is working fine. Excellent !
The coo at petroteq quite simply would not buy in like he has if he thought this was failing . Pretty sure news early next week now brace yourself this has the potential to fly
Dr.Anomaly are you also invested here? I know you from PHE where I'm also invested
PQE - in short time after RNS released up 18%.
Roll on next week.
So George Stapleton COO of Petroteq spends $100,000 buying 2M Petroteq shares in last 5 weeks.
Something special happening in Vernal.
Good stuff.
Big news I expect this coming week.
News this coming week- big news?
https://s3.amazonaws.com/content.stockpr.com/sec/0001062993-21-002002/0001062993-21-002002.pdf
Why would he be buying? Lol