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A nice 2.5m buy there. Turnaround is here by the looks.
Jadam...you can't change the rules..the nomad dictates..the company don't have carte blanche to say what they want..look back through speeding tickets...either way, it doesn't really matter. It's delayed the rise and the herd have left..except Sam is still here surprisingly!...this will retest the 1p area again soon but without the froth of loads of twitter ramps..the company is now funded and undervalued and more news on JV will get it up into pennies...accumulate and hold is all that's needed down here
May be there are some details we are missing in relation to the regulations.
JADam, I agree, However this exactly same this that happened with fastjet, see below 8th june RNS,
RNS Number : 2912P
Fastjet PLC
08 June 2020
fastjet Plc
("fastjet", the "Company" or the "Group")
Response to Share Price Movement
fastjet, the low-cost African airline, notes its recent share price movement and confirms that it is not aware of any specific reason for such movement.
In line with the Company's announcement on 1 May 2020, flight operations remain suspended following the country-wide lockdowns in South Africa and Zimbabwe and discussions with an investor consortium in relation to the disposal of the Group's holding in fastjet Zimbabwe (the "Disposal") will only restart when the impact and timeline of the lockdowns in South Africa and Zimbabwe are better understood.
The Company is still assessing its future funding requirements should the Disposal not proceed to enable it to continue as a going concern beyond 31 July 2020 and will issue an updated trading statement in the last week of June 2020.
CAR3Y, Many thanks for sharing. Cheers!
Man from wales, thanks for your email, excellent research.
Might be an idea to re post through the day to keep it near the top of the BB for those dropping back in.
John Potter CEO also said he wanted an open dialogue with shareholders and was happy to take a call to discuss any concerns shareholders have after my very challenging email. I’ve never met the guy but most CEO’s wouldn’t have even replied to my challenging email. As said most importantly he wrote in his email
‘ the next couple of months are very exciting times for Tomco And despite the very unusual times we are in, the company has managed to get the joint venture with valkor over the line and set things up for a transformational Change for the company. Best regards John Potter
The above is word for word what he said.
looking good....rebound on.
gla
Thanks for sharing. The weather at the moment looks a bit like a day out up the valleys. Just added to my holding too.
"a production volume of 10,000 bpd and at the current market price of US$46.40 (Low Sulphur Fuel Oil) this would equate to US$464k per day of revenue. Compared with TomCo’s current market cap of £3.1mln, we argue that this revenue opportunity could represent significant upside for TomCo shareholders."
Market cap is just GBP 4m today at 0.6p
Excellent mate... bought more at sub .60’s and looking forward to good couple of weeks.
John Potter CEO also said he wanted an open dialogue with shareholders and was happy to take a call to discuss any concerns shareholders have after my very challenging email. I’ve never met the guy but most CEO’s wouldn’t have even replied to my challenging email. As said most importantly he wrote in his email
‘ the next couple of months are very exciting times for Tomco And despite the very unusual times we are in, the company has managed to get the joint venture with valkor over the line and set things up for a transformational Change for the company. Best regards John Potter
The above is word for word what he said.
Topped up at 0.63p ATB to serious investors