Member Info for Hotfinance14

The Tomco RNS:

Utah's Division of Oil, Gas and Mining ("DOGM") issued a Cessation Order (the "CO") on 14 May 2021 in respect of the POSP's operations at the Temple Mountain Mine on Permit Number M/47/0089 being operated by Greenfield. The CO alleges that the previously approved operational mining plan is not being followed, specifically stating that the facility is processing material from an off-site source and staging waste products from off-site sources. Greenfield strongly refutes the basis for the issuance of the CO and believes that it has been conducting operations in line with the site's existing permit held by Petroteq and the approved operational plan. Accordingly, Greenfield's legal adviser has formally responded to DOGM requesting they withdraw the CO with immediate effect. As is customary in such situations, a site meeting has been arranged between Greenfield and members of DOGM for today to seek to resolve the matter with a follow-up conference to be held by Friday 21 May 2021 as necessary.

Until such time as the CO is withdrawn, processing and testing operations at the POSP will remain suspended.

We are now in the middle of Q221 and still no news that is expected on the Morocco, Utah and the MSC projects. Hopefully we hear news on all these projects by the end of June. No more delays.

I am quite sure they will announce the Proof of Concept is complete and that the MMU is on it's way to Utah. Hopefully this is in May...this year.

Indigo...I hoping all the fuel has now been produced and sent to Morocco.

I expect the 60 tons of Msar produced in Scandinavia has now arrived onsite in Morocco so the industrial trial will start shortly. Any views on how long this trial will take ? I had estimated a period of 3 to 4 weeks. i am assuming we will only get an RNS when the trial is actually completed.

Jason did state that if the Morocco project is successful it could lead to other opportunities with the client.

As oil is being produced I would hope so.If this is the case we should have POC confirmation from Quadrise in 2 to 3 weeks .

Obviously we needed the funding at the time but the profit made by Bergen due to the agreed calculation of the conversion rate is huge. Bergen have gone now so need for posters to dress it up to fit them. Bring on the news of the trials Quadrise.

To convert at 3.2p just proves what an awful deal we had with Bergen. Bergen must be laughing there socks off.

The Company announces that, following receipt of a notice of exercise in respect of the convertible security issued by the Company on 11 February 2021 (the "Convertible Security") to convert £537,500 of the Convertible Security into new ordinary shares in the Company at a conversion price of 3.2p per new ordinary share, the Company has today issued 16,796,875 new ordinary shares (the "New Ordinary Shares").

No amount now remains outstanding under the Convertible Security, and no further convertible securities are outstanding.

Application has been made for the New Ordinary Shares, which rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM ("Admission"). Admission of the New Ordinary Shares is expected at 8.00 a.m. on 7 May 2021.

On Admission, the Company will have 1,406,900,659 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. No Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 1,406,900,659 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Thanks for the advice all and particularly chequepal (I don't seem to have the option to send/reply messages on taptalk)

When i use advfn the page shows the live trades but within a second or so the page clears and goes back to the homepage.

Does anybody know of a website that shows live share trades as a free service ? LSE has a 15 min delay unless you pay for the premium service and advfn does show the live trades but the page showing the trades clears after a few seconds.

Hopefully they have now sent the oil samples to QFI.

Commercial contracts with Morocco and Utah should be complete within the next 3 months as surely.

Looks like travel will be available from the UK to Morocco on the green list from Mid May so let's hope Morocco open their borders :
https://metro.co.uk/2021/04/23/up-to-30-countries-could-be-on-uks-green-list-of-travel-destinations-14458611/?ito=push-notification&ci=138267&si=23034976&ai=14458611

Plenty of buying first thing this morning.Why I do not know.

Indigo..I think you will be surprised how much the SP rises over the next 2 to 3 months.

I expect this weeks nice rise in the SP was due to Mcnulty and his followers investing plus investors buying in before the expected update in the MSC Lono plans. Let's hope there is no delay in this update

The samples are expected to be sent to Quadrise in April.