Member Info for Pluginbaby

He's said numerous times the funding will be debt funding, but I think if Tomco end up still owning over 50% of Greenfield it would be a massive result

When funding arrives, we will be drilling and producing within weeks, I.e. we will be a commercial, derisked company. That's the most important thing

The long wait fior funding will be coming to an end by 15th October.

It's exactly what it is, a bridging loan until major financing announcement and loads of corporate complexities to be intertwined, all of which takes time. For genuine investors, hold your nerve and ignore the noise.

1000:1 consolidation has already been agreed.
The last business opportunity in AUS may not have come off as that was at least 12 months ago

It will open up in the morning. The closing auction trade scewed the closing price

'Don't just sit there doing nothing'
And how would you know. You have no clue. Just pathetic ranting.

Nothing to do with petroteq sale delays. Tom will release drill results, off take agreements and funding news in the next fortnight. There is no delay since the last presentation, which stated Term sheets in 2 week and signatures by Easter weekend. Receipt of Term sheets are sensitive and subject to final negotiations and I don't see an RNS for this stage of the legal agreement being appropriate, or needed by the market

There should be no need for any further placing after the main funding package arrives

Why not buy earlier on a T10 ot T20 and then pay for them on or after the 10th

Imminent news on drilling next month will move the sp, together with pending reserves and potential earnings updates - there is no need for them to hold this news back now as they are tied in to the land deal

Particularly if drilling is planned to start in Q1

We need to be over 1p when the board announce the 10% funding package by 15th. Can't see another delay. Due to the time that has elapsed we may hear more detail on the deal for the remaining site purchase, plant with off take agreements, etc. However the board have previously advised that they would need the rest of the year for this. Factoring Christmas, this is only another month. I fully expect TOM to have a market cap of over $50M if they are able to pull this off by end of year

Simple. Need the funds elsewhere on a temporary basis. Too many open and long positions that I needed to close out

I dumped 3m first thing, but will add more asap

Placing/equity raise for the $1.7m or not. Surely they would have done a placing by now if they were going to do it. I think someone going to take 50% of Greenfield and then provide substantial funding and take oil produced. That way avoiding immediate dilution of Valkor's shareholding in TOM. Pure speculation on my part of course

You'll be fine. Lots going on in the next week, so positions need to be taken

Would Valkor accept dilution so soon from a placing for the 10% land purchase, I think not. They would have sold their 50% of Greenfield after the event

Re-launch is delayed or won't happen. They are now not answering my emails. Website is still live though

Also, major funding news due soon. Can't see it being done via placing.