Member Info for JoeYangtze

Looks like someone has given up waiting. Each to his own.

Hi Vauch, tried to call over the weekend.

One thingI forgot on the sand. Not only is there a world-wide shortage of sand, at least 50% is consumed in the USA. Just need to get going

And this:-

little bit deserted over here. So, while everybody is unhappy with proceedings so far, myself included but I do see some hope for the future. Of course it will all depend on the bond maturing for want of a better word, and cash in the bank. We all regard TOM as an oil company. Well it isn’t, it is a sand company, because the sand is worth more than the oil. Why? Because there is a world wide shortage of sand particularly silica for glass. The TOM machine produces 1.5 barrels of quality sand for every barrel of oil. Currently oil is selling at 77$ pho. Sand is selling at about 85$ per barrel.Tom will be unique in its revenue for one machine, maybe 2? We know that TOM Owns a lot of oil. Who knows what the sand is worth? The sand is not going away, been there a few millions of years, and with a world-wide shortage. There is no oil shortage even with Russia sanctions. So, I see the sand being dominant in the company’s future. The BOD actually said at the AGM 2 years ago “we are a sand company where the byproduct is oil. If we can get this funding sorted, I am hopeful that TOM has a bright future.

You can argue as much as you like, it doesn’t get us anywhere.as far as I know the 2 bonds ahead of us are large sums of money. As regards legal fees. Anyone that has gone through a divorce, knows they don’t come cheap, far from it. I think the BoD, have done the right thing here. TOM are not in charge of events. Yes, disappointed like all. But we are where we are.

If, as you hope,,or as we hope, what they say is true, we could hope for rns before Xmas? GLA.

Agreed re rns

I think you are right, I did the same.

Great post plug in baby. We are all with you.

Just to correct my statement, that the negotiations for Tom are not going well, is not true. I don’t know. It is all conjecture or perceptions which generally are not true or false,trying to put a reason as to why there is this drop. Don’t believe anything on here, just facts as published by the company. Read the recent interview with JP and ZP on the blog.

I am really not totally up to date with all the intricacies of dealings between TOM and Valkor, but it looks like a smart bit of business between TOM and Valkor, by TOM Iin November 1922, but it would appear that the current deal by TOM is not progressing well, so Valkor are very unhappy. An update by TOM is now overdue.I have emailed JP, but not expecting a reply. Aimho.

One for you Vauch

Looks like the BOD already talking to them.

Well,if you had attended the AGM, you might not be asking those questions, but answering them yourself.

He has had enough time already. He isn’t the only person that can raise finance.

Nice summing-up, Vauch. I hope the BOD see it that way too.

I think that this positive news will help facilitate the rest of the funding. They are good figures.

I like your positive post crownos. I hope it is close to the mark.

Agree mr plug-in problem is getting info out of the company.,optimists amongst us will be hoping for good info before AGM.However, past performance is not promising.

Well said Vauch, I think we have done as much as we can Professor.,the problem is that it takes 2 to tango. That problem being that if the company never reply to emails, nor keep shareholders up to date in any progress, it is difficult to make progress to achieve our objective to eject the drone from his position as CEO. But thank you for the advice. Incidently, Do you have personal connections to Potter?

ASIS, we are not going for a vote of no confidence in the BOD, just the CEO. He can be replaced by one of the other directors, until a replacement who understands Oil and gas and finance. The current CEO has no qualifications or success in any of these spheres. Yes, I do believe that a new experienced CEO director would make a difference, and could give confidence to the market. At the moment the current incumbent is hopeless, and a change is worthwhile, JP has proved he is time expired. In the meantime he is drawing a huge salary.. they are looking for finance e to pay his salary because nothing else is happening most decent directors would have taken a pay cut by now. Not this greedy nonentity.