Member Info for D220

MARL TSX now 1.80 (15 min delayed) and SAND real time 3.92. At this rate it vwill back to the "deal" price.....

http://www.proactiveinvestors.co.uk/companies/stocktube/7569/tomco-energy-takes-next-steps-towards-unlocking-potential-of-holliday-shale-block-7569.html https://www.digitallook.com/news/aim-bulletin/tomco-energy-reveals-details-of-five-way-partnership--2703417.html

Looks as if TurboShale might get off the ground, although they have not as yet raised funding. This looks to me as if they already know where the money is coming from though: "TurboShale is seeking to raise up to US$1.5 million by way of a private placement, the net proceeds of which shall be applied to its laboratory testing programmes, further patent applications and to general working capital." The other good news is that Red Leaf are not quite dead in the water: "Red Leaf Resources Inc. .... has reached a settlement agreement with Total E&P USA Oil Shale, LLC. The settlement releases both parties from any obligations related to the RedLeaf's Seep Ridge site, and whilst the details of the settlement have not been disclosed, TomCo understands RedLeaf has in excess of US$100 million in available cash and no debt and that it intends to continue to pursue its business plan of commercialising the EcoShale Process." So, Red Leaf now have funds to continue without Total which can only be good for Tomco. This might actually go somewhere yet....!

If true, that is very dodgy at best. I too will not invest with GP again. He has lost all credibility for me but probably cares not one jot since he will be set for life from this payout so probably doesnt need to work again anyway. I have downsized my holding and will exit the rest in due course. There may not be better gold prospects than HM but there ARE better Management Teams....

Errr, you also get SAND shares, not just the cash...!

If you have different accounts with HL you will get a secure message for EACH account, not an aggregate one.

Bushy, I've just had the same message. I have duly voted NO but what is to stop me selling the shares now???

It may just be HL, but I cannot get a quote to sell 13k shares this morning>>?

"Your best bet is probably to seek employment with one of the arbitrage companies." Or - seek employment. Full stop! ;-)

I feel exactly the same way Lionel. I am considering significantly scaling back my holding too.

Actually Scoopy, if you read the RNS you will see that it is 25,000:1 and THEN 1:200 so in reality it is 125:1 They are doing the initial stage to reduce the shareholder register.

Interesting way of weeding out very small shareholders!

So they have over 7% of the company. Could they be building a stake for a rival bid or are they 'just' arbitragers?

Err, you what jonesy????

They are required to notify every whole percent thereafter though I believe....

Hi FTP, yes, I did. Will have a look as it's one that I have never researched. Other than MARL, my holdings are SQZ and HUR. Can't give up the oilies!! Still owe you a drink for giving me a heads up on MARL!! atb.

f29, "I thought the set date was only for them to make their "position" known and then they would be free after that to make an offer if they wished" I think you are correct. Maybe Itsyou can clarify as he posted the relevant paragraph....? So anything could happen yet!

I guess the lack of RNS today means that no one notified the company by yesterday's deadline? So it's all down to the vote now....

FTP, thought you had fallen off the planet! Interested to hear your views. I agree that SAND just might be bouncing back and could make this deal just about bearable....

Of course , that was for informing the COMPANY, doesn't mean WE will hear anything today.....