Member Info for Torreaguas

Neil777, have you got blinkers on, can you not see the big trades?

Someone is buying all they can get, expect a tr1 and a buyer to be revealed

As expected

It is a disgraceful rns to be fair. All they have said is that those interested cannot meet the current timetable. They have not pulled out. Then they say ‘those talks have ended ‘ they mean the talks about the timetable. Not talks on offers. Then they say they ‘may’ suspend.

All 3 things designed to achieve exactly what has been achieved, a 90% panic fall.

This bod are corrupt imo, and a takeover will still come. Just a lot cheaper for the buyer and a few brown envelopes for some. All imo of course,

They have just made the takeover price much cheaper.

Well I gambled on 150k for £1200, could lose the lot, but this morning that would have been £12k.

Could bounce tomorrow if not suspended, some of those in talks will be loving this sp fall.

Share price is not the thing to look at. Market cap is. Now let’s assume we get the funding to proceed with the purchase of the remaining 90% of TSH11 and we proceed to drill the wells. What would market cap be ? Then let’s assume the funding is enough to start building the 5000 bopd plant, what would market cap be then ?

Well here are my thoughts. To achieve the above the funding needs to be around £150m. If they get this then valkor get 29% of tomco. So (assuming the last conversion is done) there would be around 2b shares in issue. Add 29% for valkor, so 2.58b in issue.

Imo with £150m of funding and the guarantee of no further placing the market cap has to get to at a minimum £100m. So with 2.6b shares in issue and maybe a few more for funders etc, so let’s go to a round 3b in issue, that would be 3.3p per share.

Now, that is my figure based on the full finance being secured. This does not take into account actually getting to production from the wells and then getting the first 5000bopd plant running. If/when this happens then £100m market cap will be far too low.

It touched 0.8 on expectation of the news earlier this yr. Since then we have had a couple of spikes, next week is now the deadline for the news. I can see up to 1p before news and who know what after the news if it it the funding.

NT

Big news incoming next week imo. Licence and finance imo.

Well, what a nice end to the week. Hopefully onwards and upwards on Monday. It would be nice to have that Dynasty news on an rns and then for the HL issue to be resolved next week too. Back to the 30s and maybe 40s is so.

Imo the selling has dried up and we should get to 0.3 area again soon

That should have rns’d

Question from someone who does not really understand. How does pendulum (satoshipay) make money and when will a true valuation be put on the business

Looks good so far

That was the last lot Fadec, these are 17th oct

Yep, and i am sure they haven’t thought of any of that. You know, heavy sweet oil llc, greenfield, Valkor etc etc,

Another 10m buys this morning. Must be ready to move soon, only 56m converted and this is now around 120m traded since then.

Only 2 weeks now max until the next funding announcement. Interesting that (so far) tomco have not taken the second 375k on the loan note. Deadline is today.

Funding secured so they dont need it?

ok neil, member for a month and yet knows everything ! lol