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The finance director needs to go. They never reply to any questions I've emailed them. I've lost of £85K in this stock alone. On paper with the legislation coming into force it should have been a solid green investment.
I spoke to the nominated advisor at Strand Hanson Limited today and they confirmed this is not a reflection on Tomco and is down to auditor resources. This is happening to lots of small public companies at the moment. So feel rest assured that Tomco is not in trouble.
Thanks Haggis basically Valkor fund the remaining 90% so Greenfield project 100% owned. They become the major stakeholder but TOM is still a stakeholder (yes a small one).
If that's the case I would still be happy. If production proves successful then both Valkor and TOM could have a great exit strategy for a big Oil company takeover.
Cjen we have more of a chance if EUZ RTOs. The alternative is a share at 1p in 2023 and onwards. We sell and investors get nothing the money for selling is for salaries and no shareholder return. The last 10 years shows that. If they become a cash shell we have a chance
Interesting that Denarius did a 10 to 1 share consolidation 2 days prior to the JV announcement too. No doubt preparing for fund raising. This is a fragile company basically taking 80% of a dead company hence my confidence in both failing and Aim Rule 15 occurring next year for EUZ.
As soon as this hits 1.5p in January I’ll be topping up with £2k in my ISA as that’s the remaining of my £20k allowance. Luckily the £18k spent this year hasn’t been on EUZ. I’ll be also topping up with £7k in SIPP at 1.5p too.
I think when it hits 1.5p we will see the Aim Rule 15 RNS and then hold on tight for 6 months RTO.