George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
So here's a report from someone who was at the recent AGM
There is so much going on, best summed up, everything is progressing, nothing negative. The most upbeat AGM I have ever attended. It is a bit like a volcano just bubbling over, waiting to explode, once the finance is announced it will explode with lots of oil and sand carrying loads of dollars. There are 3, or was it 4? projects referred to as add-ones, whilst the CORT site is being cleared to commence work on the machinery. One small point but of great significance was the quality of the sand, which JPsaid is of ‘fracking quality’ sand, which fetches the highest price. Now don’t for one minute think TOM is turning into a ‘fracking?7; company it is not. The same way there is no tie-up or dependency with Petroteq. Zilch. However,there is still. A smill tie-up still with Red Leaf. But they are doing nothing at the moment, so that is inconsequential, to the big picture. There will be 7 wells drilled to produce oil. I talked at length with Zac, who is very positive. apologies if this is a bit disjointed, but was out last night with my son, and now need to catch a train.so, I just needed to get this on the board. One last point, I said why weren’t we getting more publicity with publications. I was assured that will come when the lava flows. It seems everything is in hand. Let’s face it. There is a shortage of world oil. One projection is 300$ Pb, no at the AGM! I am not sure about that, however with oil price where it is now, And the dollar getting stronger, Tom’s vaLue increasing every day. Lots to look forwArd to. GLA As you can see, it was a good meeting, with lots covered. We haVe to be grateful to JOhn, give thanks for all his hard work.
@gribbler
Hopefully vauch will post some stuff as he/she was attending the AGM today hopefully
@smithkowalski 9:11am
Unfortunately I won’t be able to attend as I look after my dad, who has dementia and needs care 24/7 as I am his full-time carer.
@Crownos 17:17pm
I think you have raised some interesting points crownos, and i agree with what you are saying. I have re-read Tomco’s RNS’s
And from what i have gathered to understand (correct me if i am wrong ) that IF the big funding for the 5k posp type plant falls through its not the end of the world as tomco has said it will fall back on a smaller but viable option which i took it to mean working with vivakor. Yes it will take slightly longer to grow somewhat ie from prices of different sand and asphalts/oils starting from a 250k vivakor plant gearing upto 1000k 4x250k plants in the near term from 2023 onwards..
Asphalt prices index for june is $728.75 https://spexternal.modot.mo.gov/sites/de/lists/ac_index/allitems.aspx
Not too shabby if you ask me, actually hitting on the all time high + usa infrastructure bill $1.5bn towards fixing roads etc..
On another topic just wondering if anyone is interested in raising concerns/questions for the agm could list them on hear for anyone that can make it can put them across the the BoD..
Yep a big thanks from me too, for posting those numbers. Just add though the current monthly asphalt price index for the month of june is $728.75 so if anyone would like to do the math on the asphalt please feel free to do so.
https://spexternal.modot.mo.gov/sites/de/lists/ac_index/allitems.aspx
@fitzy66 16:03
Lots of major holdings rns to check back on looks like cantor aswell amongst others. Does anyone know how to check a tr-1 threshold %? I must be reading it worng
@vauch 10:21am
You never know vauch lol hopefully with pqe offer money, and i’m guessing that with funding news for the full monty pqe style cort 5k plant then full steam ahead…until then its 50/50 if funding happens even if all is looking positive. And boxes being checked some may be hessetant
Looks like spreadex ltd has off loaded some shares on the monday 13th…hence why the drop…but they are still holding a fair wack around 51 million shares from the rns today
Hope this link helps
https://the-international-investor.com/investment-faq/reclaim-withholding-tax-foreign-dividends-isa-sipp
I was under the impression that tomco was hoping to get funding than a share raise if at all possible, although they wouldn’t rule it out if they could not get funding (plan B). I have been re-reading the relevant RNS’s a few times just to gauge and see if i have missed something between the lines. Seems all is good and moving (slower) in the right direction, patience required
From tomcos rns dated 31st may, john potter mentioned that due to new permit regulations, in my understanding i think there is a month delay than anticipated so it got put back to july instead of june, so i googled “utah mining permit legislation update 2022” it came up with a lot of reading of which im still researching, but i’m sure there are some clues as to “how long things take in the permiting mining world in utah” and we know from the rns that june/july will be when things pick up somewhat towards production drilling.
@crownos 08:10am
I share your sentiments, this is very positive indeed as nothing that suggests it wont be going forward. And of course watching valkor progress is Reassuring with some dealings relating to QFI. The oil quality is better than expected in that tshii area aswell. Expecting pqe offer payment in july if all goes well.
Continued
https://www.up.com/customers/track-record/tr060821-the-growing-demand-for-asphalt.htm
https://www.up.com/customers/ind-prod/crude/asphalt-shipping/index.htm
Since there 72,000,000 lane miles of roads in the country that vary between dirt paths and interstates, the average width is hard to nail down. A county client of mine has an average width of 9.5' per lane - but most state highways are 11' to 12' per lane - so we’ll use 10.5' as an average width. The average county road is only 4–6? thick while state roads and interstates are around 12? plus or minus - so we’ll use an average thickness of 9?. That gives us 70,000,000 miles x 5280 ft per mile x 10.5' wide x 0.75' thick x 1 cubic yd per 27 cubic ft = 107,800,000,000 cubic yards of concrete and asphalt. Asphalt weighs about 2 tons per cubic yard - so the weight of that is 215.6 billion tons. At $75 per ton that’s $16.17 trillion in infrastructure (if it were all new).
https://californiapolicycenter.org/californias-transportation-future-part-four-the-common-road/
Asphalt prices : https://spexternal.modot.mo.gov/sites/de/lists/ac_index/allitems.aspx
Tomco deal with vivakor : https://finance.yahoo.com/news/vivakor-secures-long-term-oil-133000062.html
Asphalt for may is $692 p/t Tomco with Vivakor will be producing 50 tonnes from end of first quarter ramping it up too 1000 tonnes E.O.Y with Valkor helping out to perform certain operating and engineering services to increase the production capabilities of the Vivakor plant to enable it to produce upwards of 1,000 barrels per day or 1,000 tons of asphalt cement per week once three more RPCs are financed and built.
Not forgetting the other elements to tar sand revenue.. $30,000 rent p/m from three sources. Lots to look forward too in june hopefully an RNS between now and then to make it official.
@dreamer67
Also:
Also known as a farm-in agreement. A type of contract through which an investor (a farmee) may acquire an interest in an upstream project from an existing project participant (a farmor). It is typically used in the exploration or development stage of a project.
@dreamer67
From what i have read :
What does farm down mean?
The farm-down model, otherwise known as asset rotation or build-sell-operate, involves utilities selling stakes in green power assets to institutional investors seeking long-term, stable yield. In the case of renewable energy, revenues for such projects have, until now, been underpinned by guaranteed subsidies.
Dazzle
Found this on google may help those who wish to find other avenues to contact malcom groats:
Malcolm Groat
Malcolm served as a Director of Baronsmead VCT 4 plc from April 2014 until the merger on 11 March 2016. He is a fellow of the Institute of Directors, the Institute of Chartered Accountants in England and Wales, and the Royal Society for the Encouragement of Arts, Manufactures and Commerce.
During his executive career, Malcolm held C-suite positions with global businesses in engineering, construction and financial services. Since 2004, he has also served as Chairman or Non-Executive Director in a number of significant businesses, currently holding chairmanships at two AIM-listed ventures, Harland & Wolff Group Holdings and Tomco Energy. He is also Chairman at The Corps of Commissionaires and at Zaim Credit Systems plc.
Found this on google from a poster on 15th july 2020:
Manfromwales
Price: 0.575
Strong Buy
Email Reply from CEO John Potter yesterday15 Jul '20
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
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I had a quick gooogle check and found that john potter is ceo on another company too… managed to find half of the email to dirctly contact j.potter is XXXX@tomcoenergy.uk.com the Beginning could be jpotter@ or j.potter@ if no luck maybe someone could pm manfromwales in here although i don’t think he posts much now by the looks of his history
TomCo is tied to using the PQE cort system mainly for the funding of the 5k plant ( this we will may or may not get due to other risk factors as mentioned by the bod) john and malcom both mentioned from the RNS that they are getting funding through different avenues and are optimistic this will pull off. If they dont get funding for the 5k cort pqe plant there are other avenues to take but of a lesser scale probably from the likes of vivakor etc…
I suggest at the next agm everyone that can attend do so and speak up about PR concerns and corporate governance that should involve shareholders in a more pro active way from management.. i’ve been trying to get through to tomco for ages to know avail, seems a definite wall around contacting management. :-(