Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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A drop today for me will be a good opportunity to average down. Each to their own of course, as before, it all depends if you are confident that funding will come through, I am.
Postive news!?.. I am generally a neutral/optimistic person, but Tomco really does try my patience. Despite the investor throwing a large sum of money into this, I don't see any real enthusiasm for this placing myself. This investor got a 47% discount at 0.045p, that is a ridiculous discount and clearly shows the desperation on Tomco's side for them to screw other investors to go so low, all in order to keep the lights on.
Whilst its considered legal, in my eyes that investor pretty much stole those shares for that price, and got in far beyond Tomco's lowest ever shareprice in its history, so the chances of this investor doubling their cash is rather high and easy money for them, and feels more like a strategic move to do so than giving money to support the company, because if that investor was in it to support the company then they certainly wouldn't have been given such an abhorrently large discount, atleast the Matt guy bought at a premium, this investor clearly took advantage of Tomco's desperation and went in as low as they could.
On a note of the placing itself, 300k cash to keep the lights on to me suggests that funding is not around the corner at all, and its more than likely many months away, because if they were truly (close), then they wouldn't have needed to accept such a high amount of cash given their relatively low burn rate. As such, I am fully expecting this funding debacle to drag on into Q3 or Q4 and possibly beyond.
So much for going from 82% down to 75%, now I can see it going up to 90% down after this diabolical ripoff of a placing. Part of me very reluctantly wants to just take the loss and walk away, but most of me says whats the point when what I'll get is near sod all and may aswell just play it out to its death which seems more likely than funding actually coming to fruition. Why do I do this to myself lol.
Seems to me these resources companies that will never see revenues are the worse ,CEOs who are inept amd corrupt
Revenue generating stocks at least have a chance
SC...How can this be a positive when the SP is about to drop by nealy 50%
Soulac,
My thoughts too.
The other companies in this play all seem confident of funding. As they are all working on the same land and would supply to MSC shipping company via Quadrise MSAR, it makes total sense to all do the funding together, using the same funding source. The others sound very confident that the funding will come through. TOM need to be able to afford their legal fees and I think this is why they went for £300k instead of another £50k.
I suppose they need capital for legal fees
I really want to see the positves but the following sentence wont allow that....."The Fundraise Shares will represent approximately 17.1 per cent. of the Company's enlarged issued share capital. The Fundraise price represents a discount of approximately 47.1 per cent."
Pull the other one, Stock.
2 months beyond the expiry of the option, they still can't provide a timeline on when they hope to regain exclusivity.
They've also negated to state that they hope funding will be completed in a certain timeline (Easter '22, Q4 '23 etc.)
Mr Potter will stuff his coffers for a few more months until the game is finally up
Dilution aside, I do see today's RNS as positive news.
£300,000 in the bank, the ii buyers of that stock would have wanted to know how close TOM are to sign off and what the chances of that are. The words 'near term: and 'high percentage' come to mind, as that is what I would want to hear before funding them.
DrMicho I couldn't agree more .
Any company who hasn't completed a raise in the past 6 months [that's generous] is at risk IMO
Tomco must be very desperate to have to offer a 47% discount. What a disgrace and what will that £300k actually be used for,
I have to admit these AIM companies are getting worse.... I have a fair few AIM investments running at the moment and they will be the last. I have even had CEO's state that there would be no fundraising in the near future then 3 days later a placing... Utterly corrupt.
Could hit 5p
haha. AIM will never learn
It. Should have been days high, never mind,
Soulac 20th February
Could break though the year’s high
Didn't age brilliantly to be fair
Nope
I expect you will be topping up neilu77
Thought there might be a smaller placing, be what a discount ,
Https://www.londonstockexchange.com/news-article/TOM/ps300-000-equity-fundraise/16341493
Disgusting
Wow how do these AIM companies get away with this
https://www.londonstockexchange.com/news-article/TOM/ps300-000-equity-fundraise/16341493
47% discount!!!!
Soulac, admire your enthusiasm, but when you say a nice buy comes in for 10,000,000, it initially sounds good, but when you look at it, its a buy for £7.5K. This is not good, this is a day trader. This company should be valued at £30-£40million, not a couple of million. Stop trying to ramp the share, post some honest useful information. A good buy, at current prices that would boost confidence would be a purchase of £50,000+ as this would have to be RNS'd a 7.5k purchase is nothing to get excited about. Myself and many others on this board, need the share price to really ramp just to break even. yet alone to make any profit. Your constant drivel make you sound like a young inexperienced kid, trying to boost his pocket money investment.
Could break though the year’s high,
Me too!
Only need 150% to breakeven! ;-)
Once we pass the .1 then we can live in hope for the real deal
Think I need help, I'm almost getting very hopeful !!