The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Unfortunately I'm all in, with a high price of 14p and an average of around 8p I'm majorly under water. I could have got out at 6.5p, and of course in hindsight, I should have. But being at such a huge loss, I guess I still was looking through rose tinted glasses, that maybe, one day soon they might dp something actually to give shareholders value.... but alas, nope. That's right, I've been in here since October 2018 all I have seen from Tomco is placing after placing after placing.
Heard it all before. They have nothing to sell, no assets aside from their leases that they bought for a pittance. RF tech, which Tom own 80% off is worthless. They have nothing.. so they had to come up with something to keep the gravy train alive...and there oil sands is born... so for another few years they can carry on with the scam of placing followed by placing followed by some other fantasy of how to extract their oil. Truth is, they have NEVER and will NEVER produce single drop of oil. I'm not a deramper, I'm a bitter long term holder that has lost thousands in this joke of a company.
Wolf, agreed... but this isn't a new company or a new approach.... the BOD have supposedly have been extremely confident of this tech of success for many, many months, years in fact. So why haven't they put their money with their mouth is? Rumours are just that, rumours. The only rumour I believe it that a placing is incoming.